The Runes protocol has reached a major milestone, surpassing 50 million inscriptions less than five months after launching on the Bitcoin network. 🎉
According to IntoTheBlock, this shows continued usage despite the initial hype fading. Runes allows for the creation of fungible tokens on Bitcoin, something that was previously impossible.
Launched during Bitcoin’s last halving, Runes generated $62.4 million in revenue on its first day. However, activity quickly died down, with revenue falling to $1 million.