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The Runes protocol has recorded an average of 150,000 daily transactions since its launch, far surpassing other Bitcoin token standards such as Ordinals. This rapid increase highlights the growing interest of users in fungible tokens on the Bitcoin blockchain.
A rapid adoption for the Runes protocol
The Bitcoin blockchain continues to evolve at a breakneck pace. After the successful launches of Ordinals and BRC-20, the new Runes protocol has shaken up the game by quickly surpassing these established standards.
According to Dune Analytics data, the average number of daily transactions on the Runes protocol exceeds 150,000, peaking at 753,584 transactions on April 23.
This performance eclipses the BRC-20, which struggles to achieve 10,000 transactions per day. Representing about 40% of Bitcoin transactions, Runes diverts attention and liquidity from other cryptos to the mother blockchain.
The success of Runes is explained by its innovative approach to creating fungible tokens on Bitcoin. By allowing off-chain transactions, Runes reduces congestion on the Bitcoin network while offering faster confirmation times and lower fees for users.
A promising future for Bitcoin tokens
The rise of Runes, BRC-20, and Ordinals demonstrates Bitcoin’s rapid evolution, which now exceeds its initial role as a mere store of value. The mother blockchain is becoming a true platform for creative expression and complex financial instruments, opening up exciting new prospects for developers and users.
Although these protocols were controversial in the past due to concerns about network congestion, they have gradually gained maturity. Each presents distinct strengths and weaknesses, thus stimulating healthy competition and ongoing innovation within the Bitcoin ecosystem.
Social network data and investment tools show a growing interest in Runes, with 53,008 interactions for this protocol compared to 37,169 for BRC-20 and 34,299 for Ordinals, according to LunarCrush figures.
Runes bring a refreshing breeze of innovation to Bitcoin. With more than 150,000 daily transactions on average, it is already surpassing established standards such as BRC-20 and Ordinals.
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Passionné par le Bitcoin, j’aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l’outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.