Bitcoin Runes, a new protocol on the Bitcoin network, has rapidly gained traction by surpassing BTC, Ordinals, and BRC-20 in daily transactions. As of April 23, Bitcoin Runes accounted for 81.3% of all network transactions, significantly reducing the transaction share of BTC. This shift in transaction dominance comes shortly after the protocol's launch on April 20. The hype surrounding Bitcoin Runes aligns with its strategic timing, launched around the Bitcoin halving event, which historically influences market activity.
Bitcoin Runes hype has cooled down after the huge halving-aligned protocol launch, but proponents expect an eventual Ordinals-like surge in demand for the tokens. Click to read: https://t.co/dUHQdST5gT
🗞️ Crypto News Bitcoin Runes, a protocol launched on April 20, has overtaken the original Bitcoin, Ordinals, and BRC-20 tokens in terms of daily transactions on the Bitcoin network. 🔗 https://t.co/gjryjYWd7j #CryptoNews
1/ Bitcoin's back in dev spotlight! Ordinals & Runes are shaking things up, and so are we at Bitflow! 🌊 The recent rebranding reflects our commitment to ALL things Bitcoin: BTC, Ordinals, Stacks, DLCs, BRC-20 and more. Bitflow will be your one-stop shop for the future of… https://t.co/opPKctNaRE
Pre-runes ordinals saw a ton of volume leading up the halving. It was easy to get lost in the hype. Now that we are a couple of weeks out, the only pre-runes ordinal that was worth holding was RSIC from @the_runedev. Current value is .219. At least 50+% above what it was ever…
📊 Bitcoin Runes has overtaken BTC, #Ordinals, and BRC-20 in daily transactions on the #Bitcoin network, claiming the majority of transactions recently. #Runes transactions reached 81.3% of total network transactions on April 23, significantly lowering #BTC's share. https://t.co/hLCqkvCIYy