Рет қаралды 2,898
The Runes market seems to be picking up on more utility narratives, demonstrated by BAMKs surge in value and now a programmability protocol to Runes called RSM. This project has released a token a week ago for minting that is supposed to support the ecosystem growth of the Runes State Machine. As advertised, this protocol can function to make Runes more programmable. This draws several parallels between Trac’s introduction of TAP protocol in the early days of BRC20 madness. Volume has shown significant for RSM and interest is growing quickly. The major potential drawback is such a large (40%) token reserve in the hands of the deployer “Mikael”. The founder has stated that the details around how this reserve will be utilized will be disclosed soon. Can RSM, sitting at a 5M market cap today pull a TRAC and reach a 100M+ market cap into the near future?
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0:00 Mikael aiming to develop defi ecosystem
5:09 Difficulty bringing product to centralized exchange systems
9:05 Challenges in finding product market fit explained
10:11 Significant progress made in protocol standard development
14:02 100 Swap supports RSM with decentralized governance
18:17 Valuable progress, potential tap token in development
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