The number of Bitcoin Rune transactions has dropped by 99% from its high point, and the handling fee is less than 3 US dollars.

This site (120bTC.coM): The Runes protocol (Runes), which was launched at the same time as the Bitcoin halving, set off a market craze as soon as it went online, causing Bitcoin transaction fees to increase significantly. The magnitude even exceeded the impact of the halving of Bitcoin rewards to 3.125 BTC. The total block reward once reached ‎40.751 BTC, exceeding US$2.6 million.

Runes account for 62% of all Bitcoin transactions

On-chain data analyst Crypto Koryo’s Dune data panel shows that Runes had its largest day of trading volume on the 23rd, with trading volume exceeding 75 10,000 transactions, but the transaction volume dropped by more than half the next day to 312,000 transactions, and so far today (25th), there are only about 77,000 transactions left.

Note: Since its launch, the Bitcoin network has processed 3.33 million rune transactions, accounting for 62.2% of all Bitcoin transactions.

At the same time, this also caused criticism from some Bitcoin conservatives. Nikita Zhavoronkov, the chief developer of the blockchain search engine Blockchair, commented last night (24): "Bitcoin is completely no longer an "electronic currency". Cash system ": It can barely process 0.5 currency transactions per second, and people pay more than $100 for it".

Bitcoin network fee comparison chart (the picture above before the deadline, the picture below when BTC is halved)

Runestone has completed the first Meme Coin $DOG Airdrop

The rune that attracts the most market attention today is the No. 3 rune DOG•GO•TO•THE•MOON ($DOG) airdropped by Runestone founder Leonidas, which has been online for less than 24 days The hourly trading volume has exceeded $100 million (OKX’s 4.97 million and Magic Eden’s 6.12 million), making it the most traded rune.

OKX data shows that the floor price of $DOG is currently quoted at US$0.003, up 9% in the past 24 hours, with a market value exceeding US$300 million, making it the second largest rune by market value, second only to the No. 1 rune Z· Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z has a market capitalization of $2.98 billion.

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