Bitcoin Runes has recorded 15.6 million transactions and generated $162.4 million in fees in four months.
In this week’s newsletter, the non-fungible token platform Magic Eden is launching its own token to expand its business, the Runes protocol on Bitcoin has generated $162.4 million in fees in four months, and find out how Web3 professionals feel about the recent sale of the most expensive CryptoPunk. In other news, weekly NFT volumes have turned positive.
Runes, an NFT protocol on Bitcoin, generated $162.4 million in fees with over 15.6 million transactions in four months. Dune Analytics data shows that the protocol often exceeded 300,000 daily transactions in the first two months.
On April 23, Runes users accounted for 81.3% of the total Bitcoin network bandwidth, as investors had over one million transactions by minting, etching, transfers and having edicts.
