š Bitcoin's transaction fees have outpaced Ethereum's for 4 consecutive days, with the former raking in $6.81M on April 18 compared to Ethereum's $5.04M.
š The surge is linked to the much-anticipated Bitcoin halving event and the launch of Runes, a new Bitcoin token standard.
š° Post-halving, miners will rely on higher fees and Bitcoin price increases to offset the revenue drop.
š Runes, set to launch during the halving, aims to simplify the creation of fungible tokens on Bitcoin, targeting meme coin fans and community-driven audiences.
š The shift towards Runes might be due to a recent dip in BRC-20 token prices.
š„ Among Bitcoin NFT collections, Runestones is the most actively traded, outperforming major Ethereum collections.
Thoughts on the upcoming halving and the impact of Runes? Sound off below! š #Bitcoin #Ethereum #Halving #Runes