Runes made a recovery to account for the lion’s share of transactions over the Bitcoin network.
Bitcoin Runes has regained its top position within the Bitcoin network by surpassing the original Bitcoin (BTC), Ordinals, and BRC-20 in terms of daily transactions.
The Runes protocol launched on April 20 — coinciding with the fourth Bitcoin halving — to increase efficiency on BRC-20, an experimental standard for fungible tokens on the Bitcoin blockchain.
Data from Dune Analytics shows that Runes-related transactions made up a majority of the transactions on the Bitcoin network until April 24.