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📉 Bitcoin Runes protocol, an upgrade to the Ordinals protocol, has seen a significant dip in activity and fee revenue after an initial surge following Bitcoin's halving. Despite making transactions cheaper and faster, Runes has struggled to maintain traction among users. In the past two weeks, metrics including fees, new Runes, and user activity have dropped over 50%. At its peak, Runes accounted for as much as 80% of all Bitcoin network activity, now it's down to 20%. The downturn coincides with a general market decline, which may have affected sentiment. What are your thoughts on the future of Runes? Share in the comments! 💭

📉 Bitcoin Runes protocol, an upgrade to the Ordinals protocol, has seen a significant dip in activity and fee revenue after an initial surge following Bitcoin's halving. Despite making transactions cheaper and faster, Runes has struggled to maintain traction among users. In the past two weeks, metrics including fees, new Runes, and user activity have dropped over 50%. At its peak, Runes accounted for as much as 80% of all Bitcoin network activity, now it's down to 20%. The downturn coincides with a general market decline, which may have affected sentiment. What are your thoughts on the future of Runes? Share in the comments! 💭

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