📉 Runes Protocol, the Bitcoin blockchain token creator, is seeing a dip in activity since its April 20 debut. Despite the slowdown, it's not all doom and gloom! 💪

- After an initial surge, transaction numbers have declined, particularly on May 10.

- Fee revenue has also decreased, but Runes still generates significant fees daily.

- Runes-related transactions dominated the Bitcoin network until April 24, but have since decreased.

However, there's a silver lining. 🌤️

- Several Rune collections boast market caps in the hundreds of millions, according to Magic Eden data.

- Runes, like Ordinals, enable different token standards on the Bitcoin blockchain, leading to more meme coin trading activity.

- The Bitcoin network recently processed its one billionth transaction, thanks to new protocols like Ordinals, Runes, and the BRC-20 token standard.

What's your take on the Runes Protocol's performance? Share your thoughts below! 👇 #DeFi #Bitcoin #RunesProtocol