The Runes protocol has reached a major milestone by surpassing 50 million inscriptions on the Bitcoin network! 🎉 This achievement comes just five months after launch, and shows that usage continues despite the initial excitement.
Runes is a standard that makes it possible to create fungible tokens on Bitcoin. Approximately 500,000 Runes are minted daily, indicating that the protocol remains popular.
However, the high activity and revenues in the first weeks have gradually decreased. Runes currently account for 3.2% of Bitcoin transactions. 📉 Despite this decline, 50 million inscriptions is a major achievement.