Crypto News by Satoshi Club

📉The Runes protocol activity dropped 95% from it's peak only 3 weeks after launch

The Runes protocol, which debuted on the Bitcoin blockchain, saw an explosive start coinciding with Bitcoin's halving event, generating an impressive $135 million in transaction fees during its first week.

This initial surge in activity indicated a high level of investor interest and competition for block space, significantly benefiting Bitcoin miners.

Despite the strong launch, the protocol has experienced a noticeable decline in engagement. By May 10th, activity levels reached their lowest, with a sharp drop in new mints and wallets interacting with the protocol. This decline poses significant challenges for Runes, testing its ability to maintain user interest and activity beyond the initial excitement.

www.tg-me.com/us/Crypto News by Satoshi Club/com.satoshi_club_channel/3420

8.4K viewsMay 12 at 11:12

📉The Runes protocol activity dropped 95% from it's peak only 3 weeks after launch

The Runes protocol, which debuted on the Bitcoin blockchain, saw an explosive start coinciding with Bitcoin's halving event, generating an impressive $135 million in transaction fees during its first week.

This initial surge in activity indicated a high level of investor interest and competition for block space, significantly benefiting Bitcoin miners.

Despite the strong launch, the protocol has experienced a noticeable decline in engagement. By May 10th, activity levels reached their lowest, with a sharp drop in new mints and wallets interacting with the protocol. This decline poses significant challenges for Runes, testing its ability to maintain user interest and activity beyond the initial excitement.

BY Crypto News by Satoshi Club