I often notice on mempool that Bitcoin network fees spike dramatically in short bursts. People then speculate that degens are minting BRC-20s.
Is there a way to identify which specific BRC-20 token is being heavily minted by degens during these fee spikes?
Yes. Its possible to know which BRC-20 token is being minted at that time on blockchain. Here's how to do this:
- Go to Ordpool space.
- Scroll down and you'll see the colored blocks (either light orange or bright orange).
- Place your cursor on any orange block. It will show you the inscription that the transaction contains.
- Tick (e.g., etch) represents the ticker of the BRC-20 token currently being minted. Here, you can search for the ticker and view the minting progress.
- When you check multiple orange blocks, you'll able to know the popular BRC-20 token which is being minted heavily.