Runes, Bitcoin's new token standard, has accounted for more than two-thirds of Bitcoin transactions since its launch after the halving event on April 20.
Dune data shows that the Bitcoin network has processed more than 2.38 million Runes transactions, accounting for 68% of the total number of Bitcoin transactions since its launch on April 20. The total number of transactions includes regular Bitcoin peer-to-peer transactions, BRC-20, Ordinals and Runes transactions.
Runes transactions peaked on April 23, with more than 750,000 transactions, but the number of transactions decreased to 312,000 the next day.
On the day of the Bitcoin halving, Runes transactions contributed nearly 70% of mining fees; since then, the daily share has fluctuated between 33% and 69%. (Cointelegraph)