Bitcoin's Halving Star is Back: It Left Ordinals and BRC-20s Behind!

The Bitcoin (BTC) network has begun to come under the control of Runes Protocol.

According to data transmitted by on-chain analysis platform Glassnode, Runes Protocol has taken over the Bitcoin network. Runes Protocol, born after the Bitcoin halving in April, managed to leave Ordinals and NFTs behind.

According to current data, Runes-related transactions on the Bitcoin network account for an impressive 66% of total daily transactions.

What is Runes Protocol?

Runes Protocol is a protocol used in the cryptocurrency and blockchain world to develop decentralized applications (dApps) and smart contracts.

It is often developed as an alternative or complement to existing blockchain platforms, offering improvements in security, efficiency, and scalability.

Runes Protocol can offer special features and tools that allow users and developers to perform faster and more secure transactions.

Runes Protocol, which can be obtained through Mint or from second-hand markets, can be difficult to access for many entry-level investors.