According to Odaily, an analysis by Rebecca Stevens suggests that the emergence of Runes has suppressed BRC-20 activity. Prior to the halving, BRC-20 tokens were highly sought after, with over 200,000 BRC-20 transactions occurring daily. However, with the advent of Runes, transactions involving the old token standard have become less common, often falling below 10,000.
Since the launch of Runes, there have consistently been at least 150,000 transactions related to Runes on the Bitcoin network. However, after the appearance of Runes, it is considered fortunate if Ordinals transaction volume can reach 5,000. This shift in transaction volume indicates a significant change in the cryptocurrency market dynamics, with newer tokens like Runes gaining prominence over older standards like BRC-20.