BRC 2 Swap and CatSwap launch on BRC 2 mainnet, ushering in the era of programmable trading for BRC 20 assets

ChainCatcher reported that the decentralized BRC 2 AMM Swap: CatSwap has launched on the Bitcoin mainnet. All 6-character BRC 20 token trading and liquidity provision functions are now available, while 4/5-character tokens (such as ORDI, SATS) will be enabled in the second phase of BRC 2. BRC 2, an upgraded version of the BRC 20 protocol led by domo and Best in Slot, launched its first phase on September 1, opening programmability for 6-character BRC 20 tokens. The second phase is now awaited.

According to the official introduction, the launch of CatSwap marks the first time native BRC 20 assets can be programmably swapped on the Bitcoin mainnet. By utilizing AMM trading and liquidity pool mechanisms, CatSwap completely breaks through the original functional limitations of the BRC 20 protocol. CatSwap has also launched ORDI & BRC 20 strategies, aiming to attract more liquidity and trading volume to the platform by enhancing on-chain liquidity for ORDI.