🚀Bitcoin network fees are skyrocketing as we gear up for two major events: the launch of Runes and the Bitcoin halving! As of April 19, 2024, the average fee jumped to a whopping $19.48, signaling some serious on-chain action.

Runes protocol, set to launch at Bitcoin block height 840,000, is expected to introduce a new standard for creating fungible tokens on the Bitcoin blockchain. This coincides with the Bitcoin halving event on April 20, 2024, which will cut miner rewards in half. 🎉

The past week saw transaction fees quadruple from $4 to $16, thanks to the scramble for users to secure their transactions for the Runes launch. The halving event is also expected to boost Bitcoin's price, as the reduced supply of new BTC could spike demand. 📈

These events are set to bring unprecedented changes to the Bitcoin ecosystem, ushering in a new era of DeFi. As we eagerly await these developments, what are your thoughts? How do you think the market will react to the Runes launch and the halving? Share your thoughts in the comments below! 🗨️

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