Since its launch following the Bitcoin network's halving event on April 20, the new token standard Runes, part of the Runes Protocol, has significantly impacted Bitcoin transactions. Runes dominated the network by accounting for 68% of all transactions immediately post-launch, a figure that briefly rose to 72.7% before settling at 51.5% on April 24. This surge in transactions led to a record-breaking day on April 25, with 927,000 transactions noted, surpassing the previous record of 724,000 from December 2023. The introduction of Runes also generated substantial fees, totaling over $135 million in the first week, including $62.4 million collected on the day of the halving alone. However, fees from Runes transactions have since declined to $1.03 million, contributing to a cumulative $117 million in Bitcoin network fee revenue post-halving.
The debut of Runes stirred controversy with high fees and poor initial returns, but supporters say the tokens upgrade the #Bitcoin network. Via @CointelegraphZN https://t.co/NVNeeLIdZ7
According to glassnode, Runes transactions have generated a cumulative $117 million in Bitcoin network fee revenue after the halving, of which $62.4 million was reached on the day of the halving. That number faded quickly, with Runes bringing in just $1.03 million in fees on… https://t.co/eoOC8doMhu
Runes has accounted for more than 2/3 of transactions on the network since the Bitcoin halving: - Marketplaces with $10M+ in volume - 3+ Runes With $100M+ Market Cap - Over 10,000 Transactions - $904M+ Total Market Cap - $9M+ 24H Volume - 21,694 24H Total Sales
Runes has accounted for more than 2/3 of transactions on Bitcoins network since the Bitcoin halving: - Marketplaces with $10M+ in volume - 3+ $100M+ MC - Over 10,000 Transactions - $904M+ Total Market Cap - $9M+ 24H Volume - 21,694 24H Total Sales
Runes has accounted for more than 2/3 of transactions on Bitcoins network since the Bitcoin halving with: - Tier 1 CEX listing - Marketplaces with $10M+ in volume - 3+ $100M+ MC - Over 10,000 Transactions - $904M+ Total Market Cap - $9M+ 24H Volume - 21,694 24H Total Sales
Runes has accounted for more than 2/3 of transactions on Bitcoins network since the Bitcoin halving Runes Has: - Tier 1 CEX listing for a Rune - Marketplaces with $10M+ in volume - 3+ $100M+ Market Cap - Over 10,000 Transactions - $904M+ Total Market Cap - $9M+ 24H Volume -…
Runes has accounted for more than 2/3 of transactions on Bitcoins network since the Bitcoin halving Runes Had: - Marketplaces with $10M+ in volume - 3+ $100M+ Market Cap Runes - Over 10,000 Transactions - $904M+ Total Market Cap - $9M+ 24H Volume - 21,694 24H Total Sales
Following the #Bitcoin Halving, Rune Transactions have accrued a total of $117M in revenue fees, with a staggering $62.4M collected on the day of the halving. However, a stark decline in revenue can be noted with the current Fees from Rune TXs residing at a value of $1.03M. https://t.co/RpDnn4r88n
✅ Runes on Bitcoin ✅ Runes on Dogecoin ✅ Runes on Litecoin ❓ Runes on Bellscoin
ICYMI: Curious about Bitcoin Runes? It's revolutionizing the BRC-20 token standard, enhancing efficiency in Bitcoin-native assets. With Ordinals paving the way in 2023, Runes Protocol emerges in 2024. Explore the innovation: ↓ https://t.co/AZnQCGe4os
Runes has accounted for more than two-thirds of transactions since the Bitcoin halving H/T Binance Research
🔸 Following the recent Bitcoin halving, explore how Bitcoin Runes could play a pivotal role in the network's future. Our detailed blog post breaks down everything you need to know ↓ https://t.co/abYklnanfQ
Bitcoin Halving and Runes Launch Recap🧠 📈 Runes over-hyped? 😬 Bitcoin Halving priced in? 🎯 Is it over, or are we so back? With guests @nayverfayver, @nft4dummies, @BitcoinBugsy, @Theordinalist, @HipHopRunes, and @theerealTdiddy 🙏👊 Full podcast 🎧⤵️… https://t.co/Gf5n56pp9s
#Runes rocked the #Bitcoin network, pushing transaction fees to a whopping 75.44% of mining revenue on halving day! But can this surge last? 📈💰Dive into our analysis to see the future of #BitcoinMining profits post-hype: https://t.co/9DKuY1bauT https://t.co/HSfwdU85Tp
#Runes rocked the #Bitcoin network, pushing transaction fees to a whopping 75.44% of mining revenue on halving day! But can this surge last? 📈💰Dive into our analysis to see the future of #BitcoinMining profits post-hype. 👉 https://t.co/9DKuY1bauT https://t.co/co9uZd1hgF
The Birth of Art on Runes “ART•IS•THE•TICKER is an artwork conceptualizing value, network effects and the financialization of art on chain. Representing the renaissance on Bitcoin” - By @GordonBergerArt @ArtIsTheTicker The Basics. What are Runes even? • A ‘Rune’ is a new… https://t.co/jQL6gaJJsY
ART•IS•THE•TICKER an artwork conceptualizing value, network effects and the financialization of art on-chain Representing the renaissance on Bitcoin More to come… 👇 @ArtIsTheTicker https://t.co/dMQ4vzzTTO https://t.co/RGBudCeyJz
The new Bitcoin meta is to have a Rune name with your Ordinal Inscription.
🟧 Love to se my Runes artwork mentioned at this Bitcoin lecture Thanks @IvanaOnTheBlock for sharing! Art Is The Ticker 🎨 https://t.co/O9WBGNYbW5
learn more about bitcoin runes from @decryptmedia and trade them on @cubexch https://t.co/UbBdQSMtRw
On Tuesday, the number of transactions on the Bitcoin network reached 927,000, surpassing the previous record of 724,000 set in December 2023. This surge is attributed to the recent launch of #Runes, a new technology or feature in the Bitcoin ecosystem, which has evidently…
#Bitcoin, the OG cryptocurrency, has long been hailed as a digital store of value, but its scripting constraints hindered token development. Enter BRC-20 tokens and now, #Runes. 🧵 https://t.co/V2eombv6JV
Runes generate over $135 million in fees in first week on Bitcoin network https://t.co/seVdNqkOom
ART•IS•THE•TICKER Thanks to @GordonBergerArt for joining to to talk about landing Rune #10,000 https://t.co/Nx8MqCaK81
🔥 Runes have taken a dominant share in Bitcoin transactions. On April 24, the share of tokens on the Runes protocol in the total number of daily transactions on the Bitcoin blockchain reached 51.5%. Traditional $BTC transactions accounted for 46.9%. 👀 The excitement around… https://t.co/Lx92VqvESR
Some great Bitcoin Runes alpha by @jakegallen_ 🔥🔥🔥 https://t.co/eOvxwLIoxk
Runes accounted for 72.7% of all #bitcoin transactions 👀💰 Have you used #Runes yet? ⬇️⬇️⬇️ https://t.co/hGN51vC80H https://t.co/BaPNjWi5Ra
Full #Bitcoin Runes Launch Recap with the one and only @1NSCR1BED. 3k tuned in live. Give it a listen and let us know what you think. https://t.co/YJ9hbXmcm7
ART IS THE TICKER 😉 https://t.co/0ZP0OvmST3
RUNES DOMINATED BITCOIN NETWORK WITH 68% TRANSACTIONS POST-LAUNCH - The new token standard, Runes, has accounted for a staggering 68% of all #Bitcoin transactions since its launch on April 20, following the Bitcoin network's halving event. - This data comes from a Dune… https://t.co/eDL2GWBQ7m https://t.co/vedfchG1T2