Runes transactions have dropped to only 1.67% of the daily transaction share on the Bitcoin (BTC) $95,731 network, losing its strong position since the beginning of the year. This decline marks a significant regression from the period between April and November when Runes accounted for over 50% of daily Bitcoin transactions. Additionally, the drop in daily Runes transaction fees below $250,000 indicates low network activity compared to previous periods.
Bitcoin’s Dramatic Price Movements
Experts emphasize that the decrease in Runes’ transaction volume parallels broader market dynamics. They argue that the volatility in Bitcoin’s price has diminished interest in experimental Bitcoin-based protocols like Runes and Ordinals.
Such protocols are often viewed as applications with higher risks. At the same time, artificial intelligence agents, memecoins, and Ethereum (ETH) $
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