Runes
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#Write2earn #Runes Protocol: Hype Fades as User Engagement Declines in #Bitcoin Ecosystem
$ORDI $BTC #RunesLaunch
User engagement has taken a nosedive following a period of heightened anticipation surrounding the launch of the Runes protocol, which some hoped would replicate Solana's thriving meme coin ecosystem.
Activity within the Bitcoin Runes protocol has noticeably slowed over the past week, indicating a struggle to gain significant traction among users despite an impressive debut last month. Runes builds upon the Ordinals protocol, aiming to make transactions even more cost-effective and rapid. Ordinals involve embedding data into the Bitcoin blockchain by incorporating references to digital art within small Bitcoin-based transactions.
Amidst much anticipation, Runes went live after Bitcoin's fourth halving on April 20. Data from Dune Analytics reveals that within its initial 10 days, the protocol saw over 85,000 token issuances and generated more than $3 million in fees.
However, over the past fortnight, all metrics, including fees, new Runes, and user activity, have plummeted by over 50%. Since May 1, only around 5,000 new Runes have been issued, resulting in just under $100,000 in fees.
At its peak, Runes dominated transactions and fees across the broader Bitcoin ecosystem, accounting for up to 80% of all network activity. Now, that figure has dwindled to 20%. It's essential to note that this decline coincided with a general market downturn marked by decreasing Bitcoin prices and sluggish growth in alternative tokens, potentially impacting sentiment towards innovative technologies.
Tailored for meme enthusiasts and daring traders, Runes garnered substantial attention on social platforms ahead of its launch. Creator Casey Rodamor aimed to position it as a protocol ripe for meme coin trading and "degen" traders. Some industry insiders anticipated that the protocol would emulate the thriving meme coin landscape on blockchains like Solana and Base, which likely fueled interest and speculation on obscure memes.
$ORDI $BTC #RunesLaunch
User engagement has taken a nosedive following a period of heightened anticipation surrounding the launch of the Runes protocol, which some hoped would replicate Solana's thriving meme coin ecosystem.
Activity within the Bitcoin Runes protocol has noticeably slowed over the past week, indicating a struggle to gain significant traction among users despite an impressive debut last month. Runes builds upon the Ordinals protocol, aiming to make transactions even more cost-effective and rapid. Ordinals involve embedding data into the Bitcoin blockchain by incorporating references to digital art within small Bitcoin-based transactions.
Amidst much anticipation, Runes went live after Bitcoin's fourth halving on April 20. Data from Dune Analytics reveals that within its initial 10 days, the protocol saw over 85,000 token issuances and generated more than $3 million in fees.
However, over the past fortnight, all metrics, including fees, new Runes, and user activity, have plummeted by over 50%. Since May 1, only around 5,000 new Runes have been issued, resulting in just under $100,000 in fees.
At its peak, Runes dominated transactions and fees across the broader Bitcoin ecosystem, accounting for up to 80% of all network activity. Now, that figure has dwindled to 20%. It's essential to note that this decline coincided with a general market downturn marked by decreasing Bitcoin prices and sluggish growth in alternative tokens, potentially impacting sentiment towards innovative technologies.
Tailored for meme enthusiasts and daring traders, Runes garnered substantial attention on social platforms ahead of its launch. Creator Casey Rodamor aimed to position it as a protocol ripe for meme coin trading and "degen" traders. Some industry insiders anticipated that the protocol would emulate the thriving meme coin landscape on blockchains like Solana and Base, which likely fueled interest and speculation on obscure memes.
UniSat has officially launched Runes on its social platform.
#unisat #Runes #bitcoinhalving #BullorBear #Megadrop
#unisat #Runes #bitcoinhalving #BullorBear #Megadrop
PIPE Up Your Portfolio: Mint Sustainable RUNES with Proven Tech Behind - Bitcoin Halving Special!
Everybody wants some #Runes but are there any fair mints left?
Yo, crypto warrior! RUNES are all the rage, and for good reason – they're like little treasure chests brimming with potential. But hold your horses – with all this excitement, it's easy to get swept away without a plan. Along with #bitcoinhakving the fees have spiked to hundreds of sats/vb.
Here's the inside scoop: a lot of killer RUNE projects got minted and vanished into the NFT markets before the recent $BTC halving . By the time you hear about them, it might be too late to snag the top contenders.
But wait, there's a way in!
The pioneer developers that created many of the PIPE protocol tools, now decided to go Runes!
As we speak the work on a game-changing solution for the RUNES world, and guess what? They haven't minted all their RUNES. 8M are open for fair mint.
That's your chance to be an early adopter with a project poised for greatness! Why is this such a golden opportunity? Because the PIPE team isn't just some random crew. These are the pioneering minds who actually built a lot of the PIPE protocol – another UTXO protocol that skyrocketed last year! They're the real deal. If anyone can build something fast for RUNES - I would place a bet on them.
And here's the real value: The PIPE team didn't just dream up a cool idea. They already built a full-fledged platform specifically designed for etching and minting RUNES (check it out: https://ruins.garden/mint/840000:401 ). Not only that, they've developed all the algorithms with rock-solid proof-of-work on Github for complete transparency. Plus, they're planning a whole RUNES marketplace where their very own RUNE, cleverly named RuinsByInscribe, will be the first to list – with liquidity already in place!
The bottom line? Don't get lost in the hype. Look deeper and focus on RUNES with strong teams and a proven track record of building real tech. The PIPE RUNE, created by the same masterminds who built the PIPE protocol, could be the hidden gem you've been waiting for. Do your research, be mindful of those fees, and get ready to conquer the RUNE frontier with confidence!
You can follow them on twitter/X platform to learn more: @inscrib3
Yo, crypto warrior! RUNES are all the rage, and for good reason – they're like little treasure chests brimming with potential. But hold your horses – with all this excitement, it's easy to get swept away without a plan. Along with #bitcoinhakving the fees have spiked to hundreds of sats/vb.
Here's the inside scoop: a lot of killer RUNE projects got minted and vanished into the NFT markets before the recent $BTC halving . By the time you hear about them, it might be too late to snag the top contenders.
But wait, there's a way in!
The pioneer developers that created many of the PIPE protocol tools, now decided to go Runes!
As we speak the work on a game-changing solution for the RUNES world, and guess what? They haven't minted all their RUNES. 8M are open for fair mint.
That's your chance to be an early adopter with a project poised for greatness! Why is this such a golden opportunity? Because the PIPE team isn't just some random crew. These are the pioneering minds who actually built a lot of the PIPE protocol – another UTXO protocol that skyrocketed last year! They're the real deal. If anyone can build something fast for RUNES - I would place a bet on them.
And here's the real value: The PIPE team didn't just dream up a cool idea. They already built a full-fledged platform specifically designed for etching and minting RUNES (check it out: https://ruins.garden/mint/840000:401 ). Not only that, they've developed all the algorithms with rock-solid proof-of-work on Github for complete transparency. Plus, they're planning a whole RUNES marketplace where their very own RUNE, cleverly named RuinsByInscribe, will be the first to list – with liquidity already in place!
The bottom line? Don't get lost in the hype. Look deeper and focus on RUNES with strong teams and a proven track record of building real tech. The PIPE RUNE, created by the same masterminds who built the PIPE protocol, could be the hidden gem you've been waiting for. Do your research, be mindful of those fees, and get ready to conquer the RUNE frontier with confidence!
You can follow them on twitter/X platform to learn more: @inscrib3
#Runes etched on #Bitcoin daily:
26th April, 2024: 23,061
30th April, 2024: 9,639
13th May, 2024: 157
That is an alarming 99% drop in the past 20 days!
What do you think of the future of Runes?
Will it be a sustainable trend on Bitcoin? 👇
#RunesUpdate #TrendingTopic
26th April, 2024: 23,061
30th April, 2024: 9,639
13th May, 2024: 157
That is an alarming 99% drop in the past 20 days!
What do you think of the future of Runes?
Will it be a sustainable trend on Bitcoin? 👇
#RunesUpdate #TrendingTopic
#bitcoinhalving
Bitcoin transaction fees have spiked amid the hype around Runes
📈 The average #Bitcoinnetwork transaction fee (7DMA) has exceeded $16. The Block experts attribute this to user activity in anticipation of the launch of #Runes .
Furthermore, today a record fee of 🙀 $12,581 was paid for a #transactions of 0.58 $BTC ($35,728) in the bitcoin network.
#Megadrop
Bitcoin transaction fees have spiked amid the hype around Runes
📈 The average #Bitcoinnetwork transaction fee (7DMA) has exceeded $16. The Block experts attribute this to user activity in anticipation of the launch of #Runes .
Furthermore, today a record fee of 🙀 $12,581 was paid for a #transactions of 0.58 $BTC ($35,728) in the bitcoin network.
#Megadrop
🔥 Major Announcement:
🚀 WAM•RUNES•ON•BTC will be launched soon.
👌 Provenance secured in the first block!
👉 The WAM$WAM Holders can look forward to a WAM #Runes #Airdrop in the near future.
🚨 The next step before Runes is the WamFarm launch.
#BinanceLaunchpool #altcoins #ETFvsBTC $BTC $ETH $BNB
🚀 WAM•RUNES•ON•BTC will be launched soon.
👌 Provenance secured in the first block!
👉 The WAM$WAM Holders can look forward to a WAM #Runes #Airdrop in the near future.
🚨 The next step before Runes is the WamFarm launch.
#BinanceLaunchpool #altcoins #ETFvsBTC $BTC $ETH $BNB
Crypto enthusiasts eagerly await the Runes protocol set for halving between April 19-20, 2024.
#Runes #bitcoinhalving #BullorBear #RunesProtocol
#Runes #bitcoinhalving #BullorBear #RunesProtocol
Bitcoins Layer 2 best trend 2024
😘Chúng ta đã chứng kiến khi BRC-20 của Ordinals đã tăng kỷ lục từ mức 3$ lên 96$ trong hơn 6 tháng hơn X30 lần thì ai đã mua và holds Ordi thì chắc chắn là đem lại lợi nhuận khủng lồ từ giữa tháng 6 năm 2023 đến đầu tháng 1 năm 2024 này!
Ordinals thì đấu giá nhiều NFT và meme chạy trên nó khiến cho giao dịch của mạng bitcoins đã bị tắt nghẽn từ tháng 8 - 11 năm 2023 . Cơn sốt ấy đã và đang tăng trưởng tới đầu năm 2024 này khi chúng ta thấy sự dịch chuyển từ Lớp 2 của bitcoins như là Merlin Chain và Runes đang làm giúp cho các Dapp & những dự án có thể build lên chúng để phát triển dựa trên tính bảo mật của bitcoins nhưng hiện tại thì các lớp này không ảnh hưởng quá nhiều đến thị trường của bitcoins nhưng trong tương lai thì sẽ có nhiều dự án lớn or là các dự án đang chạy hiện tại sẽ nâng cấp để làm cho chúng ngày càng ảnh hưởng đến sự phát triển của bitcoins như Taproot & Lightning đã làm. Có thể chúng ta sẽ chứng kiến sự tăng trưởng vượt bậc như cách ordinals đã làm trong năm 2023.
$$$👉👉👉Hãy đợi time chứng minh và việc chúng ta là nghiên cứu kỹ dự án và holds chúng đến khi đạt target X10 - X1000 lần thì đã thay đổi vị thế của chúng ta rất nhiều vào năm 2024 này!
#BRC-20
#btctrend
#ORDI-USDT
#MerlinChain
#Runes
Ordinals thì đấu giá nhiều NFT và meme chạy trên nó khiến cho giao dịch của mạng bitcoins đã bị tắt nghẽn từ tháng 8 - 11 năm 2023 . Cơn sốt ấy đã và đang tăng trưởng tới đầu năm 2024 này khi chúng ta thấy sự dịch chuyển từ Lớp 2 của bitcoins như là Merlin Chain và Runes đang làm giúp cho các Dapp & những dự án có thể build lên chúng để phát triển dựa trên tính bảo mật của bitcoins nhưng hiện tại thì các lớp này không ảnh hưởng quá nhiều đến thị trường của bitcoins nhưng trong tương lai thì sẽ có nhiều dự án lớn or là các dự án đang chạy hiện tại sẽ nâng cấp để làm cho chúng ngày càng ảnh hưởng đến sự phát triển của bitcoins như Taproot & Lightning đã làm. Có thể chúng ta sẽ chứng kiến sự tăng trưởng vượt bậc như cách ordinals đã làm trong năm 2023.
$$$👉👉👉Hãy đợi time chứng minh và việc chúng ta là nghiên cứu kỹ dự án và holds chúng đến khi đạt target X10 - X1000 lần thì đã thay đổi vị thế của chúng ta rất nhiều vào năm 2024 này!
#BRC-20
#btctrend
#ORDI-USDT
#MerlinChain
#Runes
Memeland has acquired 21 RSIC METAPROTOCOL and has joined the RSIC mining community.
#MemeLand #Memecoins #Runes #BullorBear
#MemeLand #Memecoins #Runes #BullorBear
Wait for 48 hour's up to 2400%
New $WIF and $SHIB Challenger Genius Dog (GENDOG) to Surge 2400% Within 48 Hours #Solana #Runes #BitcoinHalving
Can $BTC reach $100,000 before December 2024?
The introduction of the Runes protocol has led to increased demand for $BTC layer-2 (L2) solutions due to high transaction fees and network congestion. #Runes allowing creation of fungible tokens on the Bitcoin blockchain have caused a surge in Bitcoin transaction fees and congestion. This indicates a need for L2 #scaling solutions. Various #L2 solutions are emerging, such as Rootstock and the Stacks network, aiming to enhance Bitcoin's functionality and scalability. These developments promise to unlock new use cases for Bitcoin, potentially transforming its passive capital into productive assets.
Additionally, innovations like Coinweb's #smartcontracts and BitVM aim to extend the utility of tokens like Runes, while maintaining strong connections to the Bitcoin network. However, skepticism exists about the hype surrounding some L2 solutions, emphasizing the importance of genuine integration with Bitcoin ecosystem.
What do you think?
The introduction of the Runes protocol has led to increased demand for $BTC layer-2 (L2) solutions due to high transaction fees and network congestion. #Runes allowing creation of fungible tokens on the Bitcoin blockchain have caused a surge in Bitcoin transaction fees and congestion. This indicates a need for L2 #scaling solutions. Various #L2 solutions are emerging, such as Rootstock and the Stacks network, aiming to enhance Bitcoin's functionality and scalability. These developments promise to unlock new use cases for Bitcoin, potentially transforming its passive capital into productive assets.
Additionally, innovations like Coinweb's #smartcontracts and BitVM aim to extend the utility of tokens like Runes, while maintaining strong connections to the Bitcoin network. However, skepticism exists about the hype surrounding some L2 solutions, emphasizing the importance of genuine integration with Bitcoin ecosystem.
What do you think?
UniSat plans to launch a testnet to support Runes, a leading digital player, according to Foresight News.
#UniSat #Runes #BullorBear #UnisatUpdate
#UniSat #Runes #BullorBear #UnisatUpdate
🚨BIGGEST MEMECOIN IN BITCOIN 🚨
don't fade this it will give you 100x bigger pump then doge
You faded $DOGE and regretted later
You faded $shib and regretted later
You faded $pepe and regretted later
You faded $dogwif and regretted later
You faded $ordi and regretted later
Now you going to fade #runes #DOG and will cry later
Don't fade #DOG
#DOG is next #DOGE already big exchange talking about #DOG writing articles about it
And they also think #DOG can flip #DOGE
Don't miss #DOG
Don't sell your #DOG for penny
Just hold for long journey
#Runes #BullorBear #BitcoinETFs #btc
don't fade this it will give you 100x bigger pump then doge
You faded $DOGE and regretted later
You faded $shib and regretted later
You faded $pepe and regretted later
You faded $dogwif and regretted later
You faded $ordi and regretted later
Now you going to fade #runes #DOG and will cry later
Don't fade #DOG
#DOG is next #DOGE already big exchange talking about #DOG writing articles about it
And they also think #DOG can flip #DOGE
Don't miss #DOG
Don't sell your #DOG for penny
Just hold for long journey
#Runes #BullorBear #BitcoinETFs #btc
Bitcoin Runes, a new protocol for issuing fungible tokens on the Bitcoin network, is set to go live with the Bitcoin halving later this week.
#BinanceLaunchpool #Runes #bitcoinhalving #BullorBear
#BinanceLaunchpool #Runes #bitcoinhalving #BullorBear
BEVM, a Bitcoin Layer2 project, has announced the launch of the first batch of ORDINALS•RUNES airdrops.
BEVM addresses will receive the airdrop within 1 hour, while Bitcoin addresses are waiting for network confirmation to receive the airdrop.
#BEVM #bitcoinhalving #Runes #ordinals #BullorBear
BEVM addresses will receive the airdrop within 1 hour, while Bitcoin addresses are waiting for network confirmation to receive the airdrop.
#BEVM #bitcoinhalving #Runes #ordinals #BullorBear
$BTC Halving Effect will be like a bomb in this cycle.
Many projects might explode by 10-100x in the coming months.
Bitcoin Eco Watchlist: #BTCfi , #BRC20 , #Runes :
• $BVM - Modular blockchain metaprotocol
• $STAMP - SRC-20 token
• $ELA - SmartWeb + BTC L2
• $SPACE - Bitcoin+Smart Contract+DID+Unlimited Scaling
• $SOV - Decentralized Bitcoin trading platform
• $SSNC - Protocol for inscriptions and BTC L2
• $VELAR - Liquidity protocol, DeFi on Bitcoin
• $ZEUS - Communication layer that integrates Solana+Bitcoin
• $NAKA - Low-cost, lightning-fast Bitcoin L2
• $ML - PoS blockchain that acts as a sidechain to the BTC Network
• $MUBI - Bridge across ETH, BNB, and BTC networks
• $ORDS - Dex that integrates AMM infrastructure for BRC20 tokens
• $ORBK - Combination of Compound Finance and Bitcoin L1
• $ALEX - Integrates BTC L1 with Stacks' Layer 2 capabilities + BRC20
Tokenless projects:
• @build_on_bob - Focuses on scaling, platform that promotes DeFi and innovation in Bitcoin.
• @Photon_L2 - High-performance Bitcoin L2 that integrates optimistic execution
• @BounceBit - The first native BTC Restaking chain
• @babylon_chain - Bitcoin staking protocol
• @BotanixLabs - EVM L2 on Bitcoin
• @OpalBTC - Building a robust ecosystem on Bitcoin powered by $BLIF
Runes:
• #Runestones - essential OG project by @LeonidasNFT
• @rune_coin - RSIC Pre-mined project that allow users to earn tokens
• @runes_terminal - Offers tools for token launch and distribution
• $PUPS - Memecoin in Pre-Runes stage
• @btcordinal - $ZBIT will migrate to runes at protocol launch
• @lfg - Building the runes DEX
• @RuneX_Tech - The first to start farming meta for Runes
• @RUNES_DEX - First AMM on Runes
Many projects might explode by 10-100x in the coming months.
Bitcoin Eco Watchlist: #BTCfi , #BRC20 , #Runes :
• $BVM - Modular blockchain metaprotocol
• $STAMP - SRC-20 token
• $ELA - SmartWeb + BTC L2
• $SPACE - Bitcoin+Smart Contract+DID+Unlimited Scaling
• $SOV - Decentralized Bitcoin trading platform
• $SSNC - Protocol for inscriptions and BTC L2
• $VELAR - Liquidity protocol, DeFi on Bitcoin
• $ZEUS - Communication layer that integrates Solana+Bitcoin
• $NAKA - Low-cost, lightning-fast Bitcoin L2
• $ML - PoS blockchain that acts as a sidechain to the BTC Network
• $MUBI - Bridge across ETH, BNB, and BTC networks
• $ORDS - Dex that integrates AMM infrastructure for BRC20 tokens
• $ORBK - Combination of Compound Finance and Bitcoin L1
• $ALEX - Integrates BTC L1 with Stacks' Layer 2 capabilities + BRC20
Tokenless projects:
• @build_on_bob - Focuses on scaling, platform that promotes DeFi and innovation in Bitcoin.
• @Photon_L2 - High-performance Bitcoin L2 that integrates optimistic execution
• @BounceBit - The first native BTC Restaking chain
• @babylon_chain - Bitcoin staking protocol
• @BotanixLabs - EVM L2 on Bitcoin
• @OpalBTC - Building a robust ecosystem on Bitcoin powered by $BLIF
Runes:
• #Runestones - essential OG project by @LeonidasNFT
• @rune_coin - RSIC Pre-mined project that allow users to earn tokens
• @runes_terminal - Offers tools for token launch and distribution
• $PUPS - Memecoin in Pre-Runes stage
• @btcordinal - $ZBIT will migrate to runes at protocol launch
• @lfg - Building the runes DEX
• @RuneX_Tech - The first to start farming meta for Runes
• @RUNES_DEX - First AMM on Runes
$BTC
Are you interested about #Runes ?
If not, let me tell you that is the next big thing in the #Bitcoin❗️ Ecosystem.
#MagicEden just release its beta version for #RunesProtocol projects.
Always good to explore the tools in the top narratives.
Are you interested about #Runes ?
If not, let me tell you that is the next big thing in the #Bitcoin❗️ Ecosystem.
#MagicEden just release its beta version for #RunesProtocol projects.
Always good to explore the tools in the top narratives.
#Bitcoin #Memecoin DOG•GO•TO•THE•MOON Hits $500M Market Cap: What's Next for #Runes ? #DOG #BitcoinMemecoin
$BTC
In the whirlwind of the past 24 hours, the Bitcoin-inspired memecoin DOG•GO•TO•THE•MOON (DOG) has skyrocketed to a $500 million market cap after securing listings on four major centralized exchanges (CEXs).
This surge catapults DOG into the top 10 memecoins by market cap, currently holding the ninth position. Surpassing it are two hyped Solana-based memecoins — Book of Meme (BOME) and Cat in a dogs world (MEW).
As per MagicEden data, the average floor price of DOG stands at 7.7 satoshis ($0.0051). With 100 billion DOG tokens in circulation, the market cap hits $495.3 million, accompanied by a 24-hour trading volume of $7.34 million.
Born from the Runes Protocol and etched onto the Bitcoin blockchain, DOG was airdropped to eligible Runestone NFT holders on April 24th. Its recent listings on exchanges like OKX, Gate.io, CoinW, and others have amplified its reach.
Looking ahead, co-creator Leonidas hints at ambitious plans for DOG's next phase, envisioning features like collaboration with digital artist Beeple and listings on tier 1 CEXs, aiming for higher market cap targets.
Among its Runes counterparts, RSIC•GENESIS•RUNE (RSIC) boasts a market cap of $210 million with 22,255 holders, while LOBO•THE•WOLF•PUP (LOBO) follows with $56.3 million and 74,408 holders.
Since its launch on Halving Day, Runes has dominated Bitcoin blockchain transactions, with 81% of on-chain activities linked to these "etched" tokens. With the launch of Ordinals in 2023, followed by the Inscriptions and BRC-20 tokens, Runes' role in facilitating fungible token creation on Bitcoin remains pivotal. The question now: How will Runes continue to shape the game?
$BTC
In the whirlwind of the past 24 hours, the Bitcoin-inspired memecoin DOG•GO•TO•THE•MOON (DOG) has skyrocketed to a $500 million market cap after securing listings on four major centralized exchanges (CEXs).
This surge catapults DOG into the top 10 memecoins by market cap, currently holding the ninth position. Surpassing it are two hyped Solana-based memecoins — Book of Meme (BOME) and Cat in a dogs world (MEW).
As per MagicEden data, the average floor price of DOG stands at 7.7 satoshis ($0.0051). With 100 billion DOG tokens in circulation, the market cap hits $495.3 million, accompanied by a 24-hour trading volume of $7.34 million.
Born from the Runes Protocol and etched onto the Bitcoin blockchain, DOG was airdropped to eligible Runestone NFT holders on April 24th. Its recent listings on exchanges like OKX, Gate.io, CoinW, and others have amplified its reach.
Looking ahead, co-creator Leonidas hints at ambitious plans for DOG's next phase, envisioning features like collaboration with digital artist Beeple and listings on tier 1 CEXs, aiming for higher market cap targets.
Among its Runes counterparts, RSIC•GENESIS•RUNE (RSIC) boasts a market cap of $210 million with 22,255 holders, while LOBO•THE•WOLF•PUP (LOBO) follows with $56.3 million and 74,408 holders.
Since its launch on Halving Day, Runes has dominated Bitcoin blockchain transactions, with 81% of on-chain activities linked to these "etched" tokens. With the launch of Ordinals in 2023, followed by the Inscriptions and BRC-20 tokens, Runes' role in facilitating fungible token creation on Bitcoin remains pivotal. The question now: How will Runes continue to shape the game?
