Runes continues to make up the vast majority of Bitcoin transactions, however the fees earned by Bitcoin miners from Runes has slightly tailed off since the record-setting halving day.
Discover how Bitcoin transactions are booming! Learn more about this rapid growth in Bitcoin Runes usage.
In the dynamic world of cryptocurrency, the recent Bitcoin halving has sent ripples through the digital landscape, sparking renewed debates on transaction fees and the broader implications for the market. With the emergence of the Runes Protocol, a new player in the crypto realm, the conversation has taken on added complexity and significance.
The popular DOG collection helped Runes claim 81% of all transactions on the Bitcoin network Tuesday, Dune reports.
Bitcoin miners saw a significant increase in earnings due to the Runes protocol. On the halving day, miner revenue soared to a record $107 million despite the 50% reduction in block rewards.
Even Bitget Wallet responds to the growth of the Runes protocol by integrating it into its DApp browser.
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