Since April 2024, Runes have led Bitcoin network activity, outpacing both Ordinals and BRC-20 in transaction share.
While Bitcoin takes up the lion’s share of its blockchain network most days, a clear winner has emerged from the bandwidth war between the Bitcoin standards — Ordinals, BRC-20 and Runes.
Onchain activity is a good indicator of real-time market demand and overall community interest. Since its launch on April 20, Runes, a standard for creating fungible tokens on Bitcoin (BTC), has dethroned the long-standing Ordinals and BRC-20 standards in terms of transaction share.
In 2024, the BRC-20 token standard took up more than 50% of the Bitcoin blockchain bandwidth for seven days. In contrast, Rune accomplished the same feat in just 10 days, within three months of its launch.
