Summary
- It was reported that Rune's transaction share on the Bitcoin network hit a new low of 1.67%.
- Daily fees have decreased to below $250,000, indicating a cooling of the ecosystem.
- As interest in Bitcoin-based protocols decreases, investors' attention has shifted to other cryptocurrency sectors.
Since April, the transaction volume share of Rune (RUNE), which accounted for over 50% of daily Bitcoin (BTC) transactions, has fallen to the 1% range.
On the 26th (local time), the cryptocurrency media The Block reported, "The current Rune transaction share on the Bitcoin network has hit a new low of 1.67%, and daily fees have fallen below $250,000."
Bitcoin Rune is a protocol standard that supports the issuance of fungible tokens on the Bitcoin blockchain, similar to the Ethereum ERC-20 standard.
The Block explained, "Due to Bitcoin's price volatility, interest in experimental Bitcoin-based protocols like Rune and Ordinals has decreased, cooling the ecosystem," adding, "Investors' interest has shifted to other cryptocurrency sectors."
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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