The Runes revival: Bitcoin traffic hits a two-year high as transactions blast past 820,000
A surge in Rune protocol activity is pushing Bitcoin transaction counts and fee generation to multi year highs.
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Summary
- Bitcoin processed more than 820,000 transactions, its highest daily count in over two years, with Rune-related activity accounting for a significant share of network usage.
- Transactions carrying Rune protocol messages (Runestones) exceeded 600,000, while Rune transactions generated roughly 25% of all Bitcoin transaction fee.
- Similar to how ERC-20 tokens operate on Ethereum, Runes allow users to create and transfer fungible assets directly on Bitcoin.
