“Allins is the representative of the infrastructure class in the Inscription track. This protocol is committed to promoting the liquidity of Inscription assets in the way of AMM and providing better UI/UX for Inscription asset traders.”
After January 2023, the launch of the Bitcoin Ordinals protocol laid the foundation for the rise of the inscription track. The protocol divides Bitcoin into satoshi units and engraves different information on each satoshi to achieve the effect of non-fungible assets. Subsequently, applications using the Ordinals solution, including BRC20, continued to emerge and enter the market, and the inscription sector set off a wave on the Bitcoin chain.
In the inscription track, retail investors have played a leading role. Inscriptions such as BRC20 using the Fair Launch model are cast by retail investors themselves, without institutions, project parties or rat warehouses. Everyone needs to mint Mint themselves. The Inscription Track reproduces the wealth effect of the meme two years ago. For example, the casting cost of Ordi is about US$1 per piece. After being listed on CEX, the cost increased to US$20,000 per piece. In addition to Ordi, Sats and others have also brought wealth myths, and the exaggerated increases have made the popularity of the BRC20 protocol continue to rise. Many people call the rise of Inscription Track a “bull market for retail investors” and a “new round of DeFi Summer.”
The Inscription asset itself has certain particularities. This NFT-like transaction method + low chain performance (low tps, high handling fees) + rough infrastructure model results in the real liquidity of Inscription being even lower than that of NFT on Ethereum. , which also means that the circulation rate of the inscription asset itself is extremely low. Although the Inscription sector on other chains is also relatively popular, Inscription's FOMO sentiment has also reduced the efficiency of the chain. The most representative one, such as Arbitrum, went down due to huge traffic.
But the good thing is that the field of Inscription is a low-level technology track, and there are still many excellent developers continuing to build. We see that Inscription has promoted the innovation of Bitcoin network technology and financial system, and built a brand new asset. Category, this also makes inscriptions expected to become a new asset type forever. Therefore, at present, we urgently need to further improve the infrastructure of inscription assets to promote the positive development of this field.
Allins: The first AMM DEX serving inscription assets
The AMM model has been fully proven in the DeFi world, and this model has always been an efficient "engine" for the liquidity operation of the world on the chain. Allins is taking the lead in building a new DEX on BNB Chain based on the AMM model. This DEX aims to provide trading and liquidity for the inscription assets on the BNB Chain. Through its innovative Swap contract, users can exchange inscription assets with each other through Allins tokens. In exchange, you can also exchange for mainstream currencies such as BNB, and at the same time, you can further obtain some Farming benefits through inscription assets. In the long term, Allins' mission is to create a seamless exchange experience on various blockchains. In the future, it plans to expand to include the Bitcoin ecosystem and other EVM chains, encapsulating inscriptions into virtual machines (VMs) to achieve easy exchange, Ensuring security, ease of use and a truly borderless trading experience.
In Allins v1, the system includes a BNB Chain inscription indexer, inscription converter, innovative on-chain contracts and Allins front-end.
The inscription indexer supports users to search for different inscription assets. When the indexer recognizes the inscription using this new script, it can encapsulate the asset into the Allins virtual machine, further encapsulate the asset format through the converter and Create a liquidity pool to support exchange for Allins tokens.
In addition to Allins establishing some liquidity pools for leading Inscription assets, the Inscription community, Inscription issuers, etc. can also establish Inscription liquidity pools through this system, just like we have established liquidity pools based on smart contracts in other AMM DEXs. Based on this AMM facility, users can seamlessly trade inscription assets through the AllinsSwap front-end while obtaining a good UI/UX.
Introducing VM virtual machine, compatible with the whole chain
Allins is developing a full-chain AMM inscription facility, which will automatically route multi-chain inscriptions through the new Allins virtual machine by introducing a new virtual machine system and a series of facilities including an inscription asset indexer, a transaction operation indexer, etc. Assets, and after encapsulating the assets into a virtual machine, establish cross-chain transactions and provide liquidity. This feature will be launched in Allins v2.
Therefore, in the field of Inscription asset trading, Allins provides users with a unified exchange standard, simplifies the interaction between many blockchains, allows users to obtain a better trading experience, and allows Inscription assets to gain new liquidity activity. Through its excellent capital efficiency and trading experience, Allins is expected to further expand the ecological boundaries of Inscription assets, allowing multi-chain Inscription assets to release liquidity and funds in AllinsSwap, improving capital efficiency, and is expected to further allow Inscription assets to be used more in DeFi. Innovative ways to circulate, including lending, on-chain derivatives, etc., and injecting a new narrative direction and space into it.
In the future, Allins will also further expand to non-EVM chains such as Bitcoin and Solana, and create a modular and scalable infrastructure by integrating access modules of specific chains into its indexer.
The inscription market is expected to become the trigger for a new round of bull market, and more and more players are eager to join it due to the wealth effect. Allins is building a trading facility for Inscription assets in the form of AMM by building an innovative indexing system. It is expected to become an important hub for Inscription asset trading, and at the same time undertake the huge user traffic and funds in the hot Inscription track. Also as the setter of the Inscription Asset AMM trading standard, Allins is also expected to become a leading project in this field. There is no doubt about its short-term and long-term development potential.
