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The ORDI token, as the first ordinal token on the Bitcoin network, has garnered widespread attention in the cryptocurrency field since its launch in March 2023. This BRC-20 token, based on the Ordinals protocol, has a total supply consistent with Bitcoin, capped at 21 million, highlighting its scarcity characteristics.
The technical foundation of ORDI is built on the Ordinals protocol, which enables the creation of NFTs on the Bitcoin network by assigning unique identities to the smallest unit of Bitcoin—Satoshi. The BRC-20 standard takes it a step further by inscribing JSON data onto Satoshis, thereby recording token information and creating a new type of token model on the Bitcoin network.
In terms of market performance, ORDI has shown significant volatility. In March 2024, its price soared to a historical peak of $95.52. However, by mid-August 2025, the price of ORDI had fallen to around $41.9163, showing a recent downward trend.
As an important component of the Bitcoin NFT ecosystem, ORDI plays a role in multiple scenarios. It can be used not only to pay for the inscription costs and fees in Bitcoin NFT transactions but also, due to its unique ordinal inscription characteristics, has become a favored digital collectible.
In the BRC-20 token market, ORDI, with its innovation and first-mover advantage, firmly holds the second position in market value, having a profound impact on the Bitcoin ecosystem. However, investors need to be aware that despite ORDI showing potential, the inherent high volatility of the cryptocurrency market, along with the fact that the ORDI technical system is still in the process of improvement, and the potential regulatory uncertainties, are all risk factors that need to be considered with caution.
As the Bitcoin network continues to evolve, the future development of the ORDI token is worth looking forward to, but it also faces the dual challenges of technical improvement and market recognition. For interested investors, gaining an in-depth understanding of the technical principles, market dynamics, and potential risks of ORDI will be key to making informed decisions.