$LIQUID is a "pre-issuance" (or pre-mint) token associated with the BRC 2.0 protocol, a major upgrade to the Bitcoin network that launched in mid-2025.
Key Details of $LIQUID
Protocol Context: It is the largest "pre-mint" token by volume on the BRC 2.0 standard, which introduces EVM (Ethereum Virtual Machine) functionality and smart contracts directly to Bitcoin's Layer 1.
Market Performance (as of late 2025):
Trading Volume: It reached approximately 3.13 BTC (roughly $370,000) in weekly volume during its peak interest period.
Market Capitalization: At its initial height, it had a market cap of approximately $450,000.
Network Impact: During its minting phase, Bitcoin miner fees surged from ~3 sat/vB to over 30 sat/vB, with over $130,000 spent on minting fees for this token alone.
Utility: Within the BRC 2.0 ecosystem, holders and stakers of related assets (like the first BRC 2.0 NFT project) expect to receive whitelist allocations and airdrops, often referring to these early assets as a "golden shovel" for future projects.
What is BRC 2.0?
Upgrade Features: Unlike the original BRC-20, BRC 2.0 enables native, on-chain smart contracts without requiring bridges, oracles, or centralized dependencies.
Blockchain: It operates on the Ordinals protocol and is currently traded on marketplaces supporting Bitcoin Ordinals, such as Magic Eden.
#BRC20