Runes

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Bitcoin Runes Shows Strong Performance In First Week Since Launch

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Bitcoin Runes, the latest addition to the cryptocurrency landscape, has made significant strides since its official launch over a week ago. According to insights from coin98analytics, the platform has seen remarkable growth and activity across various metrics. As of now, there are a total of 52,925 Runes in circulation, with 48,578 currently open for etching. … Read more

Runes Generate $135M In First Week Amid Record Daily Transactions

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Bitcoin’s recent surge to a new all-time high in daily transactions has been accompanied by the remarkable success of its latest innovation, Runes. Since its launch just one week ago, Runes has made waves in the cryptocurrency world, generating an impressive $135 million in network fees. The launch of Runes coincided with a significant milestone … Read more

Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTC

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In the last 24 hours, bitcoin miners have faced significantly reduced earnings, with the current hashprice lingering at a significant low. Just five days ago, miners were harvesting an average of 5.105 BTC per block, between a blend of new BTC and transaction fees, following a peak in the hashprice. However, the average yield per … Read more

Blackrock’s Bitcoin ETF Wallets Hold Over $20,000 in Runes Tokens, Arkham Data Shows  

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Amid the excitement of Bitcoin’s new Runes protocol, Blackrock’s exchange-traded fund (ETF) wallets now contain over $20,000 worth of RSIC•GENESIS•RUNE tokens. Blackrock’s IBIT Benefits From Airdropped Runes Tokens On Thursday, Arkham, an onchain intelligence firm, revealed on social media platform X that two of Blackrock‘s IBIT bitcoin addresses possess tokens based on the Runes protocol. … Read more

Marketplaces See Surge in Runes-Based DOG Token Trading, Market Cap Now at $319M

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On Thursday, the newly launched Runes protocol token named “DOG•GO•TO•THE•MOON” climbed to the pinnacle of Runes-based tokens in trade volume across non-fungible token (NFT) marketplaces, including Okx’s NFT market and Magic Eden. In 24 hours, the token amassed approximately $13.20 million in trade volume between these two platforms and now boasts a market capitalization of … Read more

Post-Halving Fallout: Bitcoin Hashprice Slides 30%, Miners’ Earnings Hit

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Following a peak in onchain fees, bitcoin miners experienced a significant decline in the hashprice, which fell from a daily rate of $114 per petahash on Sunday to a markedly lower $79 per petahash by Tuesday. To date, the network’s hashrate has experienced a modest decline, though nothing too substantial yet, following the completion of … Read more

Bitcoin Miner Rewards Shrink Below Pre-Halving Levels as Network Fees Fall Sharply

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After experiencing a period of high fees, onchain transfer costs on the Bitcoin network have decreased significantly. On Friday, the fees peaked at $240 per transaction, but by now they have fallen to just $11.06 each. Since reaching block height 840,179, miners are now earning less bitcoin in rewards compared to before the halving event … Read more

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

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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