Bitcoin<\/a><\/strong> (BTC) transactions; however, Bitcoin miners’ revenue from this area has declined slightly since the record-breaking halving event. Since its launch on April 20, more than 2.38 million Runes have been transacted on the Bitcoin blockchain, representing 68% of all Bitcoin transactions during that period, according to a Dune Analytics dashboard shared by blockchain research firm Crypto Koryo.<\/p>\nBitcoin’s Runes Craze Continues<\/strong><\/p>\nRunes saw its biggest day on April 23 with over 750,000 transactions, but that number more than halved the following day to 312,000 transactions. These transactions contributed to approximately 70% of mining fees on halving day. Since then, the daily figure has fluctuated between 33% and 69%.<\/p>\n
However, industry experts are divided on whether Runes can provide a sustainable revenue stream for Bitcoin miners. Additionally, there is already an inequality in the mining fees earned through Rune transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Runes, a new token standard on the Bitcoin blockchain, has captured the attention of the crypto community by accounting for 68% of all Bitcoin (BTC) transactions since its launch. However, Bitcoin miners’ revenue from this area has declined slightly since the record-breaking halving event. Runes Maintains Dominance in Bitcoin Transactions Runes has continued to dominate<\/p>\n","protected":false},"author":1,"featured_media":13618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,192,4468,5548],"class_list":["post-18738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-blockchain","tag-however","tag-runes"],"yoast_head":"\n
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