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1 Comment
tldr; Casey Rodamor launched a new Bitcoin protocol called Runes, allowing users to mint tokens on-chain. Unlike the non-fungible Ordinals, Runes supports meme coin-like tokens. The launch coincided with the Bitcoin halving, leading to a surge in transaction fees as users rushed to mint tokens. Within a short period post-launch, Runes minters paid approximately 78.6 BTC (~$4.95 million) in fees. The protocol’s introduction has sparked significant interest and activity, potentially boosting Bitcoin’s fee economy.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.