According to data from Dune , Bitcoin Runes are dominating activity on Bitcoin, with over 81% of transactions on Tuesday being Rune etch . Meanwhile, other Bitcoin transactions accounted for 19% of total transactions, with BRC-20 Token and Ordinals coming in third and fourth place with 0.2% and 0.1% respectively.
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According to Dune Dashboard, 750,428 Runes transactions were accumulated on Tuesday, followed by another 174,475 transactions with 1,392 BRC-20 transactions and 715 Ordinal transactions.
Rune also accounted for 64% of transaction fees collected on Tuesday for 2,075 BTC, totaling fees of about $133 million.
BREAKING: Runes accounted for 72.7% of all Bitcoin transactions in the past 24 hours
— Ord.io (@ord_io) April 24, 2024
Since the launch of the Runes protocol in conjunction with Bitcoin's halving, 692,480 users have etched 7,995 Runes, with a total of 3.1 million Runes-related transactions.
For example, on Wednesday, Rune collection DOG·GO·TO·THE· Moon ( DOG ) Airdrop 100 billion Runes to eligible wallets, recording $336 million in market Capital according to data from Bitcoin Runes Magic Eden.
Runes played a role in spurring a surge in activity and prompted the ambitious Bitcoin community to enter the race to be among the first to mint the first batch of Rune Token , with the hope of being able to sell for a higher price because of their high quality. their rarity and age.
"For reference, a typical sats will cost between $200 and $500 depending on market volatility; the rare sats we've seen can fetch up to 3 Bitcoin ($193,242)"
said Nick Hansen, CEO of mining company Luxor
VIC Crypto compiled
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