🚀Hey BTC enthusiasts! Here's a quick update on the Runes protocol. After a hyped-up debut during the last Bitcoin halving, Runes has seen a downturn in activity. 📉

Launched on April 20, Runes initially caused a frenzy among investors, leading to record-breaking earnings for Bitcoin miners. However, the excitement has since cooled off. 😅

Data shows that Runes-related transactions dominated the Bitcoin network until April 24, but have been on a steady decline since then. This comes at a time when Bitcoin miners are grappling with reduced earnings. 😰

But it's not all doom and gloom! Despite the slowdown, Runes has achieved notable success. Several Rune collections boast market capitalizations in the hundreds of millions of dollars. 🎉

Runes, like Ordinals, enable different token standards on the Bitcoin blockchain, leading to more meme coin trading activity. And guess what? The Bitcoin network recently processed its one billionth transaction, thanks to the introduction of new protocols like Runes! 🎊

Meanwhile, Runes creator Casey Rodarmor is keeping busy, recently teasing an audioreactive generative art project at an Ordinals event in Hong Kong. 🎨

So, while Runes may be experiencing a bit of a slump, there's still plenty to be excited about in the Bitcoin world! 🚀