SRC20 Protocol Outperforms Others on Bitcoin Network, Study Finds

According to Odaily, a study conducted by consulting firm Universelle has found that the SRC20 protocol surpasses other protocols running on the Bitcoin network due to its 'unmatched data persistence'. The upcoming cost reduction upgrade of the protocol is set to make SRC20 one of the choices for long-term projects and investments. The study suggests that the SRC20 protocol is superior to Runes and BRC20 as it does not require the transmission of inscriptions or splitting of UTXO. In terms of wallet support, the report notes that while BRC20 and Runes have a higher level of infrastructure and wallet support, the SRC20 protocol is rapidly catching up. In terms of funding, projects based on SRC20 have attracted venture capital ranging from $5 million to $10 million, which is less than BRC20 ($20 million). However, Universelle asserts that the capital flowing into SRC20 tokens will increase as acceptance and adoption levels rise.