📉 The Runes protocol, a new Bitcoin (BTC) token standard, has seen a significant decline in activity since its first week of operation. Despite generating hundreds of thousands of dollars daily in fees on the Bitcoin blockchain, total fees have only exceeded $1 million twice in the last twelve days. 😮 What do you think of this downward trend?

Runes, like Ordinals, unlocks new token standards on the Bitcoin blockchain, offering a more efficient tokenization solution than BRC20. This has led to an increase in memecoin trading on Bitcoin.

Despite initial challenges, Runes has already achieved significant success, with several Rune collections with market capitalizations in the hundreds of millions of dollars. Comment below with your thoughts on the future of Runes!