Runes account for 68% of all Bitcoin transactions since launch

Runes, a new token standard on Bitcoin, has processed over 2.38 million transactions, accounting for 68% of the total Bitcoin transaction volume since its launch after the halving event on April 20.April 23 was the busiest day for Runes, processing over 750,000 transactions, but the volume dropped to 312,000 the next day.However, there is a debate among industry professionals on whether Runes will provide sustainable income for Bitcoin miners, and there is a gap between Rune transactions and miner fees.Reportedly, Runes was launched by Casey Rodarmor, the inventor of Ordinals, as a more efficient way to create new tokens on the Bitcoin network, but critics argue that Rune transactions take up too much block space.Nikita Zhavoronkov, the Chief Developer of Blockchair, believes that Bitcoin has "completely stopped" being the peer-to-peer electronic cash system envisioned by Satoshi Nakamoto.