Bitcoin

April

The Runes protocol is making an effort to keep its portion of the Bitcoin blockchain’s transactions. Let us not forget that the protocol ruled the roost on various days after its April 20 launch. Consequently, a new daily record of $107.7 million was achieved by transaction fees and mining revenues.
Up until April 24th, over half of all Bitcoin transactions were associated with the Runes protocol. On April 23, 81.3% of capacity was occupied; however, by May 2, that figure had decreased to 11.1%.
After a brief uptick in interest in Runes from May 4–6, protocol activity once again plummeted.
Only 12.7% of Bitcoin transactions were runes as of May 22. This is still significantly greater than the Ordinals protocol (0.7%) and BRC-20 (1.5%), even though it is a clear 84% drop compared to record values. The remaining financial dealings were conducted via the “good old” Bitcoin blockchain.
A record-breaking 926,000 transfers occurred every day on the Bitcoin blockchain after the release of Runes, Ordinals, and BRC-20.

A total of 84% fewer Runes transactions were processed on the Bitcoin network.

Blocksays

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