Recently, following the BRC-20 fork announcement and the unveiling of UniSat’s new strategy, BRC-20 has once again grabbed attention. Within this resurgence, SATS, the new flagship project of BRC-20, has gained significant traction, doubling in value over 10 days, outpacing the previous BRC-20 leader ORDI, and claiming the top spot in the OP_RETURN category.
Similar to its predecessor ORDI, SATS also carries a distinctive narrative and meme-like characteristics. However, unlike ORDI, SATS benefits from the support provided by UniSat. With the expanding UniSat ecosystem, SATS is poised to receive further beneficial enhancements.

What is SATS

SATS, the ninth OP_RETURN token on the BRC-20 protocol, stands for Satoshi, the smallest unit of Bitcoin. The total supply of Satoshi is 21 trillion, mirroring the Bitcoin total supply of 21 million BTC.
Initially, there were doubts about fully minting this token due to its extensive supply. However, with backing from major exchanges and favorable macroeconomic trends, by September 24, 2023, SATS achieved 100% minting progress, totaling 21,107,258 minting instances held by 36,061 individuals. The minting process commenced on March 9, 2023, spanning six months, and has now concluded.
Currently, SATS has surpassed the esteemed BRC-20 token Ordi in market value, emerging as the new top player in the BRC-20 sector. With the mainnet launch of Fractal Bitcoin slated for September, SATS is poised to become the standout token in this cycle.

The History of UniSat’s Empowerment with SATS

SATS Transformed into Utility Token

UniSat plays a pivotal role in the Bitcoin OP_RETURN ecosystem, offering its flagship product, Unisat Wallet, a Chrome extension wallet tailored for the BTC ecosystem, facilitating storage, minting, and transfer of BRC-20 tokens. Currently, UniSat leads as the primary wallet developer within the BRC-20 sphere.
Following the conclusion of SATS minting, its price did not immediately surge but remained stagnant for a period. However, SATS holders opted not to hastily sell and instead concentrated on fostering community agreement. As the SATS community expanded and loyalty grew, UniSat, being the foremost wallet developer, recognized the potential of this project. Subsequently, the UniSat team initiated endeavors to bolster SATS by enriching its functionality.

Source:@unisat_wallet
UniSat’s empowerment of SATS included repositioning it as a utility token. On October 10, 2023, UniSat made a formal declaration that the BRC20-swap would launch on the 25th, confirming that SATS would serve as transaction fees. This strategic decision deeply embedded SATS within the application ecosystem. Consequently, any activities on the BRC20 network mandated the possession of SATS tokens, triggering the initial wave of price escalations for SATS during that period.

Further Binding of SATS with UniSat

In addition, UniSat has continued to deepen its integration with SATS.
On October 30, 2023, UniSat officially announced the 14 assets initially supported by BRC20-swap, including SATS.
On November 1, 2023, BRC20-swap was officially launched, with nearly half of the 118 pools established designating SATS as a liquidity asset.
In December 2023, UniSat declared the opening of indexer operation mining scheduled for January 2024, with SATS serving as the mining incentive.
Originally conceived as a meme coin, SATS has evolved into UniSat’s platform token with the backing from UniSat.It has also transitioned to some extent into an L2 public chain coin. Through UniSat’s continuous support, SATS has gradually emerged as a prominent cryptocurrency.
Despite the BRC-20 protocol not being fully mature yet, UniSat’s substantial market share and influence have elevated SATS in UniSat’s esteem, fostering significant positive prospects for its future.

BRC-20’s New Narrative Driving the Bitcoin Ecosystem

BRC-20 Set to Fork and Activate the Bitcoin Ecosystem

On August 9, Mikael, the founder of BRC-100, revealed plans for the BRC-20 fork. This upgrade will enable users to access all BRC-20 assets within the BRC-100 protocol. Assets like ORDI, SATS, RATS, PIZZA, among others, will have entry points into a secure, decentralized Bitcoin DeFi era through BRC-100’s DEX, stablecoins, lending, and other DeFi applications. The BRC-100 fork of BRC-20 is aimed at overcoming the limitations of the BRC-20 standard, such as lack of programmability, non-Turing completeness, scalability challenges, and the absence of DeFi functionalities.
The official fork is set for September 2, with the objective of revitalizing BRC-20 to foster swift growth within the Bitcoin ecosystem. Subsequent to this announcement, various cryptocurrencies within the Bitcoin ecosystem, including SATS, have displayed notable upward trajectories.

Source:@MikaelBTC

Fractal Bitcoin - UniSat’s New Narrative

With the Bitcoin ecosystem constantly evolving, there has been significant growth in user numbers and transaction volumes within the network. However, current blockchain networks often compromise scalability for decentralization and security.
To tackle scalability challenges, an increasing number of L1 and L2 projects are contributing to the development of Bitcoin scaling solutions. UniSat is actively involved in advancing the standardization of BRC20-swap on Layer 1, incorporating it into the BRC-20 standard upgrade. They have conducted initial tests verifying that their product, Unisat Swap, can function seamlessly on the Bitcoin mainnet.
Additionally, in July, UniSat unveiled plans for the launch of Fractal Swap, a product similar in functionality to the mainnet Swap. This new offering aims to enhance processing efficiency across different aspects while upholding the integrity of the Bitcoin main chain. In future iterations, assets from Bitcoin and other mainnets can be represented on Fractal Bitcoin as BRC-20 wrapped assets, offering increased flexibility.

Source:UniSat official

SATS Becomes the Gas Fee for the New Solution

Currently, Unisat is developing the BRC20 swap on L1 and the Fractal Bitcoin on L2, both of which will use SATS as the gas fee and underlying transaction token. The release date for the swap on L1 is still pending confirmation, but the Fractal swap is set to go live in September this year.

Source:UniSat official
UniSat has indicated that Fractal Bitcoin is designed to mirror the Bitcoin mainnet experience, utilizing SATS for gas fees and rewards. Fractal Swap, as per official statements, will introduce a competitive Rollup mechanism, enabling users to earn gas fees and SATS rewards from all Rollup transactions by bundling their results into the sequencer. This will result in quicker confirmation times and reduced transaction fees on Fractal. The anticipated impact on SATS is positive, with recent trends suggesting a bullish outlook for September. Following a market downturn on August 5th, SATS doubled in value over 10 days, hinting at further positive momentum leading up to the official Fractal Bitcoin launch.