📉 Big Drop in Runes Transactions on Bitcoin Blockchain!
Runes, a new token standard on Bitcoin, saw a HUGE drop in daily transactions, down 88% from their peak this month! 🚨
🔢 Key Numbers:
1️⃣ Daily Runes transactions averaged 37,820 from June 22-28.
2️⃣ This is a steep fall from 331,040 daily transactions from June 9-15.
3️⃣ Only 23,238 transactions were made on June 24, the lowest since launch on April 20.
🪙 Impact on Bitcoin Miner Fees:
Runes contributed less than 2 Bitcoin in miner fees over the last 6 days.
This is a massive drop from 884 Bitcoin on April 24.
Fees from other protocols like Ordinals are also down.
📉 Miner Revenue:
Bitcoin's hash price is near its lowest level ever.
Bitcoin miner reserves hit a 14-year low at 1.90 million Bitcoin on June 19.
Runes was introduced by Casey Rodarmor and aimed to be a more efficient token creation method. However, recent data shows a big decline in activity and fees.
📅 Stay tuned for more crypto insights! 👍
Disclaimer: The information provided is for educational purposes and should not be considered financial advice.
