• 01 October, 2024
Bitcoin NFT News

Bitcoin Runes Hits 15.6M NFT Transactions, $162.4M in Fees

Bitcoin Runes, a leading NFT protocol launched in April, has recorded 15.6 million transactions, generating $162.4 million in fees within just four months. The protocol saw rapid growth, with over 300,000 daily transactions initially, peaking at 1 million transactions on April 23. However, daily transactions have since declined to around 50,000. Despite the slowdown, Bitcoin Runes has consistently outperformed competitors like BRC-20, maintaining a dominant position in the NFT space. As Bitcoin regains network dominance, the future market impact of Runes remains a topic of keen interest among investors.

Read Previous

Polygon Discord Breach Hits Avalanche and ZKSync in Hours

Read Next

Nasdaq Seeks SEC Nod for Bitcoin Index Options Launch