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Celer Network Adds Support for BRC-20 Token ORDI

Twitter icon  •  Published 5 महीने पहले on July 16, 2024  •  Hassan Maishera

The Celer Network announced via X on Monday that they have added support for ORDI, the native token of the Ordinals ecosystem.

Celer Network Adds Support for BRC-20 Token ORDI

The Celer Network announced via X on Monday that they have added support for ORDI, the native token of the Ordinals ecosystem. ORDI is the first BRC-20 token Celer Network supports as it completes its plan to support BRC-20 token bridging between BTC Network and EVM Chains.

Thanks to this support, users can now bridge $ORDI across the BTC Network and Arbitrum One using cBridge.

Celer Network is an interoperability platform that supports cross-chain fund transfers and generic message passing. CELR, the native token of Celer Network, is up by 3% in the last 24 hours and is currently trading at $0.01442.

The Ordinals protocol, launched in January 2023, allows users to inscribe data on satoshis – the smallest units of bitcoin – with each such inscription called an Ordinal. The inscribed data can include smart contracts, enabling the satoshis to carry NFT-like functionalities. ORDI is up by 10% in the last 24 hours and is currently trading at $37.80.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.