tl;dr
Bitcoin Runes accounted for over 81% of transactions on the Bitcoin blockchain on Tuesday, with regular Bitcoin transactions representing 19%. Additionally, Runes also accounted for 64% of fees collected on Tuesday, totaling around $133 million. Since the launch of the Runes protocol alongside the B...
Bitcoin blockchain activity was dominated by Rune etchings, accounting for over 81% of transactions on Tuesday, with Runes also comprising 64% of the fees collected.
Since the launch of the Runes protocol alongside the Bitcoin halving, 692,480 users have etched 7,995 Runes, leading to a combined 3.1 million transactions related to Runes.
The Rune collection DOG•GO•TO•THE•MOON (DOG) airdropped 100 billion Runes to eligible wallets, amassing a $336 million market capitalization.
According to the Dune dashboard, 750,428 Runes transactions accrued on Tuesday, followed by 174,475 “Good old BTC” transactions. 1,392 BRC-20 transactions took place, followed by 715 Ordinal transactions.
On Wednesday, the Rune collection DOG•GO•TO•THE•MOON (DOG) airdropped 100 billion Runes to eligible wallets, amassing a $336 million market capitalization, according to data from Bitcoin Runes marketplace Magic Eden.
While the surge in activity is attributed to the novelty of Runes and the race to etch the first batch, which are believed to fetch higher prices due to rarity and age, Luxor mining pool CEO Nick Hansen previously stated that rare sats have been seen to go for up to three Bitcoin ($193,242).
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