📉 The average daily number of transactions for the new token standard on the Bitcoin blockchain, Runes, has fallen more than 88% from its high point this month. From June 22 to June 28, the average number of Runes transactions was 37,820, which is almost 90% less than the average of 331,040 recorded from June 9 to 15.

This sharp decline in Runes transactions had a significant impact on the fees of Bitcoin (BTC) miners, who are still feeling the effects of the latest halving event.

Runes have contributed less than 2 Bitcoin in miner fees over the past six days, a huge drop from the record 884 Bitcoin on April 24.

The decline in network fees and the price of Bitcoin has caused the price of the Bitcoin hash - a key indicator of miners' income - to fall to near its lowest level ever.