Runes, a new token standard on Bitcoin, have gained significant traction with over $135 million in fees generated in the first week. Rune inscriptions are being used to create NFT art, with a focus on unique and limited editions. Various platforms report substantial trading volumes in Runes, indicating a growing interest in this emerging market.
Here's what's interesting about Rune Punks. Ordinals is a numbering system for Bitcoin and Inscriptions. The market values numbers, as we see in sub 10k inscriptions and Bitcoin Punks. Runes is a new (protocol level) numbering system for Runes and Inscriptions. Runes provides a…
📉🔍 #Halving hit different this time? The hash rate is the pulse to watch 👀 From soaring costs to tech giants battling for power—what’s really happening? Check out our latest #BitcoinMining research: https://t.co/9DKuY1bauT https://t.co/hQg8AxMI4W
🔸 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
What’s your take on the new token standard on Bitcoin: Runes?
Interesting to follow which ordinal communities coalesce around which Runes memecoin. Learning more about the character, intention, and soul of each Bitcoiner every etching.
"Rune Punks" and "Crypto Punks on Runes" are etching simultaneously. https://t.co/Ufd7yBG8qi
rune punk etchings are basically treating runes as erc1155 with a supply of 1. by increasing the supply to 10 or 100 but keeping divisibility at 1, could this be a new approach for art editions on bitcoin?
BREAKING: People are mass etching thousands of Punks into Bitcoin as Runes with a max supply of 1 View newest etches here: → https://t.co/eIkcq9tVFu https://t.co/dAYTQITtyV
The new Bitcoin meta is to have a Rune name with your Ordinal Inscription on a rare Sat. 🤣
The new Bitcoin meta is to have a Rune name with your Ordinal Inscription.
Magic Eden reports its facilitated more than $29 million in Runes trading since launching its Runes marketplace on Monday evening. https://t.co/d7XwaYysix
All roads lead back to punks. People are etching 1/1 Cryptopunks and essentially creating the first 10k runes collection. h/t @tnols82 https://t.co/pjVzeu0Kkx
We've had more Rune etchings in the last hour than we've ever had in any hour since the Bitcoin halving. Even more than the first hour of the halving. This is all because of this degen mint to be the first "first is first" 10k Rune inscriptions "collection." (Not counting the… https://t.co/O4VRCikyc1
.@maplesyrupsuckr explores #bitcoin's hashprice decline post-halving in this Weekly Update. Despite the drop and a slight dip in hashrate, #BTC's network resilience remains unshaken 💪 Other highlights include: a look at Bitcoin's average transaction fees, the Runes protocol by… https://t.co/jEglHFUrNA
Runes generate over $135 million in fees in first week on Bitcoin network https://t.co/seVdNqkOom
Rune Inscriptions 👀 Starting to see "Rune Inscriptions" being used to create NFT art on Bitcoin. These are inscriptions created during the etching of a new Rune. And they are numbered from #0!👈 This is Rune Inscription #687 for the rune, ONCHAINMONKEY (Rune #687). https://t.co/bUXbGev5pw
As Runes Take Over Transactions, #Bitcoin Miners Still Face Persistent Revenue Challenges https://t.co/2W13YJgDNQ