
Raboo Takes the Lead in Meme Market, Surpassing Dog (Runes) and BOME
Meme coins used to be the butt of crypto jokes but today, they represent a respectable slice of the whole industry.
Meme coins used to be the butt of crypto jokes but today, they represent a respectable slice of the whole industry.
The drop in Runes transactions is part of a broader trend observed in the Bitcoin DeFi space.
Activities on the Runes protocol have “dropped dramatically”, hitting their lowest level since May 10.
OKX Jumpstart highlighted that the mining period extends from 7:00 a.m. UTC on April 29, 2024, to 7:00 a.m. UTC on April 30, 2024.
Bitcoin miners saw a significant increase in earnings due to the Runes protocol. On the halving day, miner revenue soared to a record $107 million despite the 50% reduction in block rewards.
While the Runes launch initially led to a surge in fees, it remains uncertain whether this represents a long-term, sustainable source of revenue for miners.
Franlin Templeton Digital Assets noted that the launch of the Runes protocol will come with several improvements while eliminating any junk UTXOs.
The current surge of PUPS and Runes highlights the evolving landscape of Bitcoin and its potential for fostering innovation beyond just a store of value.
Runes’ functionality is based on the concept of runestones, which are protocol messages saved in Bitcoin transaction outputs.