In one day, three Bitcoin token protocols based on OP_CAT were launched in the Bitcoin ecosystem – CAT20 on Fractal, CATNIP by the Quantum Cat team, and “Danny CAT20” by the Moto system. This article is sourced from c00k1e and compiled, translated, and written by Block Beats.
CAT20 is already gaining traction on Fractal, with the price of $FB surpassing $30, and the mining fee rate on the Fractal chain reaching 2000 sats/vb at the time of writing.
CATNIP by the Quantum Cat team is still in the announcement stage and will only be launched after the revival of OP_CAT on the Bitcoin mainnet.
“Danny CAT20” by @bc1plainview, the founder of Motoswap and OP_NET, claims to be the first to propose the idea of using OP_CAT to drive Bitcoin FT protocols, two hours after the release of CAT20. However, the author will discuss this further later.
Starting with CAT20 on Fractal, it was not as popular until recently when the CAT20 section suddenly appeared on the Fractal blockchain explorer, causing a