Bitcoin Runes, a leading NFT protocol, generated $162.4 million in fees with over 15.6 million transactions, showing potential for a long-term market impact.
Bitcoin Runes, a protocol for non-fungible tokens launched in April, generated $162.4 million in fees over 15.6 million transactions in four months.
According to Dune Analytics, Runes recorded the majority of transactions in the first two months, often exceeding 300,000 transactions per day. On April 23 alone, NFT investors racked up more than one million transactions in minting, etching, transfers and edicts combined, representing 81.3% of the total Bitcoin network bandwidth.
Bitcoin Runes daily transactions. Source: Dune Analytics
