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Surprising data from Bitcoin: This area continues to attract attention!
Since its launch, Runes has been in the spotlight, accounting for 68 percent of all Bitcoin (BTC) transactions.
Runes continues to account for the vast majority of Bitcoin (BTC) transactions; However, the fees that Bitcoin miners earn from this area have decreased slightly since the record-breaking halving day.
Runes, a new token standard on the Bitcoin blockchain, has accounted for more than two-thirds of transactions on the Bitcoin since its BTC halving on April 20. According to the Dune Analytics dashboard shared by blockchain research firm Crypto Koryo**, more than 2.38 million above-standard transactions have been processed since its launch on April 20, accounting for 68% of all Bitcoin transactions made.
Runes enthusiasm continues on Bitcoin!
Runes had its biggest day on April 23 with more than 750,000 transactions, but that number fell by more than half the next day to 312,000 transactions. These transactions contributed to about 70% of miners' fees on the day of the halving. Since then, the daily figure has fluctuated between 33 percent and 69 percent.
However, industry experts are also divided on whether Runes can provide a sustainable revenue stream for Bitcoin miners. In addition, there is already a disparity between miner fees earned through Rune transactions.
Launched by Casey, the inventor of Ordinals, the new protocol has been marketed as a more efficient way to create new tokens on the Bitcoin network compared to BRC-20**, an Ordinal-based method for creating Bitcoin-based tokens.
There are also those who are not satisfied with the way the runes are going!
Launched by Casey, the inventor of Ordinals, the new protocol has been marketed as a more efficient way to create new tokens on the Bitcoin network compared to BRC-20**, an Ordinal-based method for creating Bitcoin-based tokens.
In addition to these, there is also a segment that is dissatisfied with the amount of block space occupied by Runes transactions in recent days. Among these critics is Nikita Zhavoronkov, the lead developer of blockchain search engine Blockchair.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.