The cryptocurrency exchange OKX has announced plans to integrate four major inscription token standards—Atomicals (ARC-20), Stamps (SRC-20), Runes, and Doginals (DRC-20)—into its OKX Wallet and Marketplace. This move aims to streamline trading and enhance accessibility across key blockchains like Bitcoin and Dogecoin.
Key Features of the Update
Supported Token Standards
- SRC-20 (Stamps): Bitcoin-based inscriptions enabled for viewing and transfers starting February 5.
- DRC-20 (Doginals): Dogecoin’s inscription standard, coming to OKX Wallet later in February.
- ARC-20 (Atomicals) & Runes: Bitcoin standards rolling out post-February, with Runes support delayed until after the Bitcoin halving (~April 2024).
Zero-Fee Trading
- The OKX Marketplace will waive fees for ARC-20 and DRC-20 trades.
- Users can mint inscriptions across 23 networks, including Ethereum, Polygon, and Avalanche.
👉 Explore Inscriptions Trading on OKX Wallet
Why Inscriptions Matter
Inscriptions embed metadata (e.g., images, text) directly on blockchains, functioning similarly to NFTs but with full on-chain provenance. Bitcoin Ordinals—the most popular inscription type—have seen 58.4 million inscriptions and over $167 million in BRC-20 fees (Dune Analytics).
"OKX is simplifying access so users can realize the potential of inscriptions without barriers."
— Jason Lau, OKX Chief Innovation Officer
Challenges and Criticism
Despite their popularity, Bitcoin Ordinals face backlash for potentially congesting the network. Some developers argue they deviate from Bitcoin’s original use case.
FAQ
Q: What’s the difference between inscriptions and NFTs?
A: Inscriptions are entirely on-chain, while NFTs often rely on external storage for metadata.
Q: When can I trade Doginals (DRC-20) on OKX?
A: Late February 2024, alongside ARC-20 support.
Q: Are there fees for trading inscriptions on OKX?
A: No—ARC-20 and DRC-20 trades are fee-free.
👉 Start Trading Inscriptions Today
This update positions OKX as a leader in Web3 accessibility, merging multi-chain flexibility with user-friendly features. Watch for Runes integration post-Bitcoin halving!