For the first time since the halving event in April, Bitcoin blockchain throughput utilization exceeded 90%, indicating a significant increase in activity on the network. 📈 Despite the “continued level” of fear, uncertainty and doubt (FUD), Bitcoin activity in terms of adoption, transactions and trading remains unrestricted.

June 20 was a key moment when BTC dominance stood at 91.4%, surpassing 6.8% for Runes, 1.6% for BRC-20 and 0.2% for Ordinals in transaction share.

The increase in bandwidth usage after the halving is mainly due to the adoption of new token standards, including Runes and BRC-20.

New token standards such as BRC-20 and Ordinals have also helped spur development on BTC over other chains as the Bitcoin ecosystem continues to gain more attention.

Following the halving event, which reduced block rewards for miners by 50%, miners began to prioritize transactions with higher fees to compensate for the reduction in rewards.