PANews reported on December 26, according to The Block, that Runes' trading share on the Bitcoin network has dropped to a new low, accounting for only 1.67% of daily trading volume. This starkly contrasts with its dominance from April to November, when Runes typically accounted for over 50% of Bitcoin's daily trading volume. At the same time, Runes' daily trading fees remained below $250,000, indicating a significant reduction in network activity.
This change aligns with broader market dynamics and shifts in investor interest. As Bitcoin prices fluctuate, attention is beginning to shift away from high-risk experimental protocols based on Bitcoin, such as Runes and Ordinals. Meanwhile, other cryptocurrency areas, like AI agents, meme coins, and Ethereum NFTs, are gradually capturing market share, potentially leading to a diminished interest in Bitcoin-based token protocols.
Data suggests that the Runes ecosystem may be experiencing a cooling down. Its network share has sharply declined from over 50% to less than 10%, marking a significant change in Bitcoin network usage patterns. This trend may reflect a shift in market speculative interest, with investors turning their attention to other cryptocurrency areas.