The introduction of the Runes protocol on the Bitcoin network has significantly impacted transaction dynamics and miner economics. Since its launch on April 20, Runes has accounted for 68% to 72.7% of all Bitcoin transactions, causing transaction fees to spike to their highest levels since 2018, reaching approximately 1000+ Sat/vB. This surge in fees followed the recent Bitcoin halving event, which traditionally influences transaction costs and miner revenue. Despite the increased transaction fees, Bitcoin miner profits have been squeezed due to a decline in hash prices. The Runes protocol, leveraging Bitcoin's UTXO model, enhances token creation and management, potentially transforming Bitcoin's utility by enabling a more fungible token environment akin to Ethereum's. Additionally, a significant milestone was reached with 10,000 Runes etched, marking a notable point in the protocol's adoption.
It’s time to accumulate runes
Bitcoin mining difficulty rises for first time immediately after a halving amid Runes fee frenzy https://t.co/eerFY6zjFK
Which Runes are you holding? 🪙
Although transactions surged and fees hit records following the RUNES protocol launch, miners could still struggle with lower fees and steady hashrate after the halving, analysts say https://t.co/VSu9XfN1NS
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
was minting runes on day 1 have a strong portfolio in pre-runes stepped away for a few days to analyze the landscape I love memecoins and think they will continue to be one of the biggest winners of this cycle, if not THE biggest its the language of the internet now runes,…
okay I'll bite, on runes: 0. PUPS and WIZARDS haha fuck I forgot in first post 1. RSIC 2. GOB 3. Satoshi Nakamoto surprises 1. Fehu 2. Art is the ticker 3. Lightbulb sers Think looooong term....we are just getting started, there is money to be made, flip some, hold some, do…
Wut do you think happens to Runes when we run out of people who got burnt apeing in early high fee environment or scared by midfluencer FUD? & wen CEX listings come & wen protocols adopt it Let alone later on wen trading experience gets order of magnitude better Probs bearish
Bitcoin Runes Transactions Are Taking Over the Network—And Dominating BRC-20 ► https://t.co/0YlUpPTV4I https://t.co/0YlUpPTV4I
10,000 Runes etched! 🔥 Most of them contain an inscription that will form the sub 10k Rune inscription collection. There was a mad rush to get to 10k. Congrats to everyone who etched a sub 10k Rune! (@MEonBTC wen sub 10k listing?)
Runes Protocol enhances Bitcoin's token creation with its UTXO model, simplifying management & offering a streamlined alternative to traditional methods. It enables easy generation & management of interchangeable tokens, making digital assets as fluid as fiat currencies 🔄💡 https://t.co/PN2Oi5Eo1E
#Bitcoin miner profits squeezed after a sharp decline in hash prices. https://t.co/Qn4m8dFMEG
Bitcoin miner revenue holding steady following halving https://t.co/PBsZR1KYEw
150 Runes until 10k https://t.co/4gYDppuELa
Last week we saw some BTC transaction fees going bananas into the halving and the wave of Runes. Transaction fees mooned 🚀to ~1000+ Sat/vB before cooling down https://t.co/c7FKy2jcgw 1/17
runes will get a lot better i said this many times, but it was very obvious 99% of runes would fail, and minting would largely be a retarded move runes is new tech, a protocol that *might* enable a fungibles environment on btc that functions like eth or sol runes, if…
Most pre-runes projects will go to 0, as 99% of runes meme coins without any use case, learn how to profit from them and respect the liquidity. Use these dips to pick strong cult community-driven projects/runes cuz this is where the real gain is made. nfa https://t.co/2exWpQXM77
Which Rune are you most bullish on?
BREAKING: Runes accounted for 72.7% of all Bitcoin transactions in the past 24 hours
In the past 24 hours Runes accounted for 72.7% of all Bitcoin transactions. Anybody saying Runes is a failure is not very bright.
runes nuking sol memes sending base memes sending who could have predicted this???????? if only someone told us that no new marginal buyers would show post-halving 😭😭😭 if only someone told us runes would be slow broken and expensive and shitter gamblers will always prefer…
Ngl literally the only Runes project I have really high confidence in is RSIC I do also really like a few other coins, on meme side. Some are live, some remain to be dropped But the gulf in execution is quite wide so far. Even if others doing gud too ofc Shouldn’t even be a…
Runes Sentiment #Runes
Fade Runes...but don't fade liquidity: What you think happens once $400m+ of Prerunes --> Runes? Liquidity always cycles. Memes always win. Especially on a meme protocol. WankoManko is the best meme on Runes - not even close. Sometimes, it's too obvious. @KookCapitalLLC https://t.co/26XX9k82kk
Fade Runes...but don't fade liquidity. What do you think happens once all the Prerunes convert to Runes? ---->$400m+ Memes always win. WankoManko is the best meme on Runes, and it's not even close. You do the math. https://t.co/26XX9k82kk
Bitcoin Halving and Runes Recap https://t.co/uxNfzcACnC
$PUPS and RSIC Runes slowly bleeding, great opportunity to DCA in for new entrants. these are the top runes and ordinals on BTC, imo if you aren’t convinced the first alt season on a 16 year old, trillion dollar chain is worth paying attention to… then idk what is https://t.co/ZZ0pQJVccc
Cryptorank: with the introduction of Runes to the BTC network, block processing fees have risen to the highest level since 2018 https://t.co/b3w0558fV3