1. Home
  2. Runes

Runes

Bitcoin Runes loses all momentum by 2024 end

Coin Telegraph
Bitcoin Runes loses all momentum by 2024 end
Analytics

The Bitcoin Runes protocol, which had a daily transaction count of over 750,000 on April 23, now struggles to reach 100,000 in December.

Transactions on the Runes protocol on the Bitcoin network experienced a significant drop in December, falling well below the highs reached during its more dominant months earlier in 2024.

After the Runes launch, the protocol consistently had the highest bandwidth on the Bitcoin network. On April 23, Runes had over 753,000 transactions, eclipsing the Ordinals protocol, BRC-20s and Bitcoin (BTC). The record accounted for more than 81% of all transactions in the Bitcoin blockchain. 

Number of transactions in the Bitcoin Runes protocol. Source: Dune

Read more

Read more
Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Rebar aims to launch Bitcoin-native MEV Shield by end of 2024 — CEO

Coin Telegraph
Rebar aims to launch Bitcoin-native MEV Shield by end of 2024 — CEO
Bitcoin DeFi

The startup is onboarding BTC miners representing a “sizable amount” of the Bitcoin network’s total hashrate, according to Alex Luce. 

Rebar Labs aims to launch the first Bitcoin-native platform for shielding traders from maximum extractable value (MEV) strategies, such as fron-trunning, by the end of 2024, CEO Alex Luce told Cointelegraph in an interview. 

Bitcoin’s emerging ecosystem of native decentralized exchanges (DEXs) and layer-2 (L2) scaling solutions has reinvigorated the oldest blockchain network but has also created new risks for traders, including harmful MEV. 

“Right now, if we’re talking about MEV, the most obvious example on Bitcoin is front-running,” Luce said. “It’s happening fairly often.”

Read more

Read more
Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Bitcoin Network Adapting Despite Experiencing Growing Pains, Says Early BTC Investor

Bitcoin.com
Bitcoin Network Adapting Despite Experiencing Growing Pains, Says Early BTC Investor
Bitcoin network
Bitcoin Network Adapting Despite Experiencing Growing Pains, Says Early BTC InvestorAlthough Bitcoin-based decentralized applications (dapps) have been known to replicate or copy Ethereum dApps, Jeff Yin, founder of Merlin Chain, believes there is a growing impetus to build bitcoin dapps that are distinguishable from ether-based dapps. Yin, however, noted that the synchronization between bitcoin-based dapps and the Ethereum Virtual Machine (EVM) dapps still benefits the […]
Read more
Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Study: Ordinals and Runes Reach $1 Billion Market Cap

Bitcoin.com
Study: Ordinals and Runes Reach Billion Market Cap
Bitcoin NFTs
Study: Ordinals and Runes Reach Billion Market CapIn a significant milestone for Bitcoin-based non-fungible tokens (NFTs), the combined market capitalization of popular collections such as Ordinals and Runes has surged past $1 billion, according to Coingecko. This growth is underscored by increasing trading volumes and user adoption, signaling a robust expansion within the Web3 sphere. Report Reveals Emerging Dynamics in Bitcoin Ordinals […]
Read more
Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Study: SRC20 Protocol’s ‘Unmatched Data Permanence’ Makes It a Superior Choice Over BRC20 and Runes

Bitcoin.com
Study: SRC20 Protocol’s ‘Unmatched Data Permanence’ Makes It a Superior Choice Over BRC20 and Runes
Bitcoin network
Study: SRC20 Protocol’s ‘Unmatched Data Permanence’ Makes It a Superior Choice Over BRC20 and RunesAlthough it may be undervalued at present, the SRC20 protocol distinguishes itself among protocols operating on the Bitcoin network due to its unmatched data permanence, a new report has claimed. The study also found that the protocol’s impending cost-reduction upgrade renders it an attractive option for long-term projects and investments. SRC20’s Unmatched Data Permanence According […]
Read more
Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

OKX surpasses 50% of Bitcoin Runes market share

Coin Telegraph
OKX surpasses 50% of Bitcoin Runes market share
Bitcoin

The protocol is now an integral part of the Bitcoin ecosystem alongside Ordinals and BRC-20 tokens.

Crypto exchange OKX now accounts for 51.08% of Bitcoin Runes' daily trading volume through its Web3 marketplace. 

According to data from Ordinals analytic platform GeniiData, Runes' trading activity on other platforms, such as UniSat and MagicEden, has steadily declined since April, holding a combined 48.83% market share. Almost all Bitcoin Runes' trading activity is conducted through the three aforementioned firms and their platforms. 

Runes is a new protocol for issuing fungible tokens on the Bitcoin network that launched on April 20, the day of the Bitcoin halving. Less than one month after its inception, the protocol has generated a staggering 2,287 BTC ($143.6 million) in transaction fees and now forms the basis of the Bitcoin DeFi ecosystem along with Ordinals and BRC-20 tokens, which were invented last year. 

Read more

Read more
Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Bitcoin DeFi ecosystem thrives despite market correction

Coin Telegraph
Bitcoin DeFi ecosystem thrives despite market correction
Bitcoin

The Bitcoin DApp ecosystem has been reinvigorated by the invention of native protocols such as Ordinals and Inscriptions last year.

The Bitcoin decentralized application (DApp) ecosystem has been experiencing a revival with the introduction of native protocols since the creation of Ordinals and Inscriptions.

One such project, omnichain yield-generating protocol SolvBTC, has accumulated a total value locked (TVL) of $700 million from its yield-bearing Bitcoin minted on Arbitrum, Merlin, and BNB Chains. In a statement to Cointelegraph, SolvBTC developers claim that the protocol has recently surpassed 10,000 BTC staked and attracted “over 92,000 participants” shortly after its launch earlier this month. 

“The liquidity revolution of Bitcoin is a necessary prerequisite for the true explosion of BTCFi,” commented SolvBTC founder Ryan Chow. “In the near future, SolvBTC will be launched on and bridged to additional networks, effectively connecting BTC users, chains, and protocols.”

Read more

Read more
Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

Will Trump’s Swearing-In Ignite a Bitcoin Price Explosion? AI Chatbots Weigh In

WordPress Theme by cactus.com
Close

Share this video