Runes transactions on Bitcoin plummet over 88%
Share link:In this post: Runes, a new Bitcoin-based protocol, has witnessed an 88% drop in daily transactions from its peak. Data from Dune Analytics indicates average daily transactions of 37,820 between June 22nd and June 28th. June 24th had the lowest transaction count since Runes launched, with 23,238 transactions recorded.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly
Runes, a new digital protocol embedded in the Bitcoin blockchain, witnessed a record-low transaction count, shedding 88% from this month’s peak. Bitcoin miners earned less than 2 Bitcoins from Runes in the preceding 6 days. Miners’ earnings endured a significant decrease from a record high of 844 Bitcoins recorded on April 24th.
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Raw data from Dune Analytics shows that between June 9th and June 15th, transaction count peaked at an average of 331,040. The data also shows the transaction count reduced by almost 90% between June 22nd and June 28th, averaging 37,820. Dune Analytics data indicates that on June 24th, the transaction count was 23,238, the lowest since the protocol launched on April 20th.
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