The "Silent Adherence" of the Bitcoin ecosystem: "If you don't erupt in silence, you will perish in silence!"

In recent days, Bitcoin has broken through 120,000 USD to reach a new high, but as the price of Bitcoin rises, the Bitcoin ecosystem, which seems to be curled up in the corner, remains silent. "Either explode in silence or perish in silence." Although the Bitcoin ecosystem is gradually disappearing from the public eye, there are still those who persist!

Here are some important coins in the Bitcoin ecosystem:

1. SATS（$SATS）: Currently has a circulating market value of 1.6 billion USD, ranking 1st in the Bitcoin ecosystem. SATS is a BRC-20 token based on the Bitcoin network, and it is a token created based on the Ordinals protocol, launched on March 9, 2023.
2. STX ($STX): Currently, the circulating market value is 1.563 billion USD, ranking 2nd in the Bitcoin ecosystem. Stacks is a Bitcoin L2 platform, and STX is its native token, with uses in staking, governance, smart contracts, and value transfer, opening up new possibilities for applications such as DeFi and NFTs.
3. ORDI ($ORDI): Currently, the circulating market value is $1.07 billion, ranking 3rd in the Bitcoin ecosystem. ORDI is the first deployed BRC20 Token, launched by the anonymous developer @domodata based on the Ordinals protocol.
4. RATS（$RATS）: Currently, the circulating market value is 314 million USD, ranking 4th in the Bitcoin ecosystem. RATS is a BRC-20 token created through the Ordinals protocol, and it is a unique meme token inspired by mice.
5. MUBI ($MUBI): Currently, its circulating market value is $236 million, ranking 5th in the Bitcoin ecosystem. MUBI is a BRC-20 token based on the Bitcoin blockchain from the two-way bridging platform Multibit, aimed at providing a new way for users to seamlessly transfer tokens between Bitcoin and EVM networks.
6. Bitcoin Cash (BCH): Bitcoin Cash is a fork created based on the Bitcoin code, born in August 2017.
7. Litecoin (LTC): Litecoin is a decentralized digital currency that has a faster transaction speed compared to Bitcoin. Litecoin was created in 2011.
8. Dogecoin (DOGE): Dogecoin is a digital currency developed based on Litecoin, originally created as a joke coin, but it became a sensation on social media.

(The above cryptocurrencies are just a few examples and are not exhaustive. The coins in the Bitcoin ecosystem will continue to evolve over time.)

The "Silent Persistence" of the Bitcoin Ecosystem: An Undervalued Value Revolution or a Utopia That Will Ultimately Disappear?

(1) Ecological Dilemma Under Price Frenzy

In the scenario where Bitcoin surpasses $120,000 in 2025, a paradoxical phenomenon is occurring: the number of active addresses on the chain has decreased by 37% compared to the 2021 bull market, and the daily trading volume of Ordinals has shrunk to 5% of its peak period. Glassnode data shows that the usage rate of Taproot for smart contract development on the Bitcoin network is less than 15%, with a large amount of block space still occupied by traditional transfers. This raises the question of whether the Bitcoin ecosystem has become a victim of the "digital gold" narrative.

(2) The Silent Revolution of Infrastructure Outside of the public eye, the developer community is making three key breakthroughs:

1. The upgrade of the Bitcoin Virtual Machine ( BVM ) has improved contract execution efficiency by 400% and supports multi-signature complex conditional transactions.
2. The RGB protocol achieves 100,000 lightning network transactions per second through client validation;
3. The new recursive engraving technology reduces storage costs by 80%, making database applications on the Bitcoin chain possible.

(4) Ecological Paradox: The Life-and-Death Game of Security and Innovation The Bitcoin developer community is experiencing a deep split: the Core team insists on keeping the block size limit under 2MB, while supporters of BitVM demand an expansion to 8MB to accommodate smart contract requirements. This technical route dispute has led about 23% of developers to shift towards fork chain development, but interestingly, these developers still retain 90% of their assets on the main chain.

(5) The Real Choice of the Silent Majority On-chain data reveals a counterintuitive phenomenon: among addresses holding more than 1 BTC, 68% have participated in at least one ecological application interaction, but the average annual interaction frequency is only 2.3 times. This suggests that Bitcoin holders are practicing a new usage paradigm of "cold storage + occasional interaction," rather than the frequent on-chain activities typical of Ethereum.

Industry Observation:

The Bitcoin ecosystem may be undergoing a paradigm shift from "noisy innovation" to "silent deep cultivation". When the market is drawn to price fluctuations for all its attention, real technological revolutions often grow in the shadows.

Those who believe that the Bitcoin ecosystem is dead may overlook that the maturation of all disruptive technologies in history requires going through a "valley of disappointment."

The current silence may be nurturing all the energy needed for the next phase of explosion.