Rune Protocol’s share of Bitcoin on-chain transactions has dropped sharply to 7.9%
It was reported that since its launch on April 20th, the Rune protocol had accounted for over 50% of the transactions on the Bitcoin network for 13 days, but it did not reach this level again in the following four weeks. As the hype around Rune gradually subsided, BTC regained its dominant position in network bandwidth allocation. Currently, BTC accounts for 90.7% of all transactions on the blockchain. In other Bitcoin protocols, Rune still maintains its dominant position. On July 17th, Rune accounted for 7.9% of all transactions, while BRC-20 and Ordinals accounted for 1.1% and 0.4% respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
