In the dynamic realm of cryptocurrency, a paradigm shift is underway within the Bitcoin blockchain. Since its emergence in April 2024, Runes, a standard for fungible token creation on Bitcoin, has rapidly ascended, eclipsing established standards like BRC-20 and Ordinals in transaction activity. This article delves into the meteoric rise of Runes, its implications for onchain dynamics, and its transformative effects on Bitcoin mining revenues.·
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