In the cryptocurrency field, user experience and consensus issues surrounding tokens are key concerns. Golden Finance recently reported on a new protocol called CATNIP, proposed by Udi Wertheimer, a proponent of OP_CAT and co-founder of Taproot Wizards. CATNIP aims to address the problems currently faced by tokens like BRC-20 and Runes in terms of user experience and Bitcoin's consensus. Through innovative methods, CATNIP improves the circulation and trading process of tokens, allowing for partial order execution in the market without requiring users to pre-split UTXOs (unspent transaction outputs). Users can simply purchase the desired number of tokens based on their needs. This feature significantly enhances the flexibility and convenience of transactions. Additionally, CATNIP introduces a bidding mechanism that enables users to buy a specific number of CATNIP tokens at a particular BTC price, with one or multiple sellers completing the transaction. This mechanism not only enhances personalized transaction options but also paves the way for the implementation of L1 AMM (Automated Market Maker) and liquidity pools on-chain. While the slow block rate and issues related to transaction relaying on the Bitcoin network may affect the L1 AMM experience, the CATNIP protocol allows for efficient and secure off-chain AMM operations, such as using CatVM, providing users with a more streamlined and reliable trading environment. Currently, CATNIP is in development and has undergone several tests. When OP_CAT goes live on the mainnet, the team plans to simultaneously launch the CATNIP protocol, further driving innovation and development within the Bitcoin ecosystem.