Bitcoin Runes, a new protocol launched on April 20, has quickly surpassed other Bitcoin protocols such as Ordinals and BRC-20 tokens in daily transactions on the Bitcoin network. Despite the initial hype cooling down post-launch, industry experts anticipate a resurgence in demand similar to that experienced by Ordinals. Binance has also shown interest in Runes, with Binance Research releasing a detailed report on the protocol. The report highlights the differences between Runes and other tokens, particularly focusing on its design for fungible tokens, unlike Ordinals which is geared towards NFTs. The potential of Runes is further emphasized with mentions of improvements in trading user experience and the integration of features like OP-CAT and OP-CTV.
Nice Binance read on Runes Worth going thru, gives a great overview Tldr: theyβre excited about Runes potential + tracking how the infra around it is developed to improve trading UX Nice mention of potential of OP-CAT & OP-CTV to help lead in a smoother future too Based https://t.co/7VtvCj6gJ2 https://t.co/KhYb52V02F
Heard about Bitcoin's new Runes Protocol? Our new #Binance report explores the basics of Runes and how they work, how they differ from BRC-20 tokens as well as their effects on Bitcoin's metrics so far. Check it out β¬οΈ https://t.co/aly8Urd6qR
π‘ Crypto Basics Unlike Ordinals, which allows for the creation of NFTs, Runes is designed specifically for the launch of fungible tokens on Bitcoin. π Will it be cryptoβs next big trend? π π https://t.co/DBmWVkuVak
People talking about Bitcoin wen Runes go on an Ordinals style run https://t.co/sdDGolMFS8
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
So @binance is now paying attention to Runes... https://t.co/leKi46FGeY
ποΈ 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. π https://t.co/gjryjYWd7j #CryptoNews