News with the tag "Bitcoin Runes"

Bitcoin Runes, a leading NFT protocol, generated $162.4 million in fees with over 15.6 million transactions, showing potential for long-term market impact.

Runes became the Bitcoin version of meme tokens, copying the model of starting at a low price and rising through social media hype. However, they have since fallen from their initial euphoria and are now facing a recovery or a slide to new lows. The Runes market broke above $1B market cap during its...

Runes-related transactions could extend a significant revenue boost for Bitcoin miners, after the 2024 halving.

Bitcoin Ordinals have emerged as a novel way to enhance the functionality and use of Bitcoin, the original cryptocurrency. By leveraging Bitcoin’s blockchain in a new and innovative manner, Ordinals bring unique value propositions and helps to revitalize Bitcoin’s developer community. What Are Bitco...

Data shows that Bitcoin active addresses have plunged, but the transaction count has been around an all-time high (ATH). Here’s why this may be so. Bitcoin Active Addresses And Transaction Count Have Diverged Recently According to the latest weekly report from Glassnode, the Bitcoin network has been...

Transactions attributed to the Runes protocol accounted for over 50% of all Bitcoin transactions between April 20 and 24; however, by May 2, this figure had dropped to 11.1%.

DOG is running ahead of the pack as the clearest short-term leader among Bitcoin Runes. This new type of token launched just a few days ago, produced its first group of tokens, most dedicated to memes. DOG-GO-TO-THE-MOON, the Bitcoin-based answer to Doge-meme tokens, is still a comparatively small a...

Bitcoin Runes protocol caused an initial surge in Bitcoin transactions, exceeding 50% at its peak. Did the hype clog clear out?

The market for Runes, the new generation of Bitcoin-based tokens, is taking off and showing both growing volumes and some clear winners. Runes are still in the discovery stage, but recent OKX statistics show mainstream trading may soon take off. OKX is also turning into an informal hub for early Run...

Despite occasional peaks, Runes' fee revenue shows a declining trend post-launch, signaling a shift from initial high activity levels.