Runes TXs on Bitcoin have tanked over 88% this month
Bitcoin miners have earned less than 2 Bitcoin combined from Runes transactions over the last six straight days — an enormous drop from its record 884 Bitcoin on April 24. Go to Source
Casey Rodarmor
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New daily Runes etched on Bitcoin falls 99% from post-halving peak
Only 157 new Runes were etched on Bitcoin on May 13, which contributed to just $3,835 in transaction fees paid to Bitcoin miners. Go to Source
The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens
While the BRC20 token economy’s market valuation surpasses $2.8 billion, according to one leading market cap aggregation website, tokens derived from the Runes protocol are beginning to experience price discovery following the launch of the new token standard. The following is a look at several popular runes tokens, detailing their supplies and present market values. … Read more
Runes Proliferate on Bitcoin, Sparking New Token Sales on Specific Markets
In the 12 hours following the introduction of the Runes protocol, bitcoin miners have collected substantial fees as the rush to mint runes now dominates block space. Presently, numerous runes exist on the Bitcoin blockchain, with several being offered on marketplaces such as Okx and Magic Eden. The Runes Economy Has Been Born Since their … Read more
Runes Protocol to Debut Alongside Bitcoin Halving, Could Boost BTC Ecosystem
As the halving is set to occur between April 19-20, 2024, a substantial number of crypto enthusiasts are eagerly preparing for the Runes protocol. The concept of Runes was developed by the creator of Ordinals, Casey Rodarmor, and has been met with considerable enthusiasm since its announcement in September 2023. The following is a comprehensive … Read more
Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode
Inscriptions have been acting more as a “packing filler,” stuffed into any remaining space once higher-value monetary transfers are packed into blocks, said the firm. Go to Source
Bitcoin Ordinals creator Casey Rodarmor pitches BRC-20 alternative ‘Runes’
Bitcoin Ordinals inventor Casey Rodarmor says a fungible token protocol like Runes wouldn’t leave as much “junk” on the Bitcoin network as that of BRC-20 tokens. Go to Source
Bitcoin Ordinals team launch non-profit to grow protocol development
The Open Ordinals Institute aims to bolster the protocol’s future development as Ordinals inscriptions hit a milestone of 21 million. Go to Source Powered by WPeMatico
‘Scammers dream’ — Yuga’s auction model for Bitcoin NFTs sees criticism
Yuga Labs’ first Bitcoin NFT collection saw some backlash from the crypto community over the weekend, pointing to flaws in the way it’s conducting the auction. Go to Source Powered by WPeMatico
More Than 7,000 Ordinals Inscriptions Have Already Been Included on the Bitcoin Blockchain
Ordinals inscriptions, viewed as a kind of Bitcoin-native NFTs, are picking up steam among some Bitcoin circles, even though the procedures to issue them are far from user-friendly. The protocol, which was unveiled in January, has already served to bring more than 7,000 inscriptions directly to the Bitcoin chain, with some collections already present. Ordinals … Read more
