Rune Protocol’s share of Bitcoin on-chain transactions has dropped sharply to 7.9%
It was reported that since its launch on April 20th, the Rune protocol had accounted for over 50% of the transactions on the Bitcoin network for 13 days, but it did not reach this level again in the following four weeks. As the hype around Rune gradually subsided, BTC regained its dominant position in network bandwidth allocation. Currently, BTC accounts for 90.7% of all transactions on the blockchain. In other Bitcoin protocols, Rune still maintains its dominant position. On July 17th, Rune accounted for 7.9% of all transactions, while BRC-20 and Ordinals accounted for 1.1% and 0.4% respectively.
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