The Bitcoin Runes protocol has seen a significant decrease in activity and revenue from fees after the sudden initial increase following the Bitcoin halving.
Although Runes has made progress in the Ordinals protocol, making transactions more convenient and faster, it has not been able to maintain a high level of user adoption.
Despite an initial phase of enthusiasm, the moment of the protocol has faded and the impact on the Bitcoin ecosystem remains to be evaluated. Let’s see all the details below.
Disappointed expectations for Bitcoin Runes: the debate on the integration of Solana’s memecoins
As anticipated, activity on the Bitcoin Runes protocol has experienced a slowdown in the last week, indicating a lack of significant user adoption, despite a promising start last month.
The Runes protocol has brought further improvements to the Ordinals protocol, making transactions even more convenient and fast.
Ordinal numbers represent a way to embed data in the Bitcoi
We współpracy z: https://en.cryptonomist.ch/2024/05/14/decline-of-the-bitcoin-runes-protocol-analysis-after-a-disappointing-launch/
