Runes-related transactions could extend a significant revenue boost for Bitcoin miners, after the 2024 halving.
Bitcoin Runes have amassed over 2,500 Bitcoin (BTC) worth of transaction fees in less than two months, signaling the growth of Bitcoin-native decentralized finance (DeFi)
Runes, a new protocol for issuing fungible tokens on the Bitcoin network, has generated 2,513 BTC in total fees since launch, worth over $163 million, according to Dune data.
The milestone comes two months after the launch of the Runes protocol, which happened during the 2024 Bitcoin halving in April — signaling continued interest in the potential of Bitcoin-native DeFi, or BTCFi.