The number of transactions on the Bitcoin blockchain has dropped to 330, the lowest in 000 months. It is also down 12% from its peak of 55 transactions.
The decline comes as activity in the Runes and Ordinals protocols, which initially generated excitement and drove network activity, has declined. These protocols, which function in much the same way as tokens, ERC-20 и NFT on the blockchain Ethereum , now accounting for about 1% of total transactions. Over the past 30 days, Runes' fees have dropped to less than $20, down from the $000 million it was bringing in on launch day.
Market dynamics have shifted speculative trading activity away from the Bitcoin blockchain and toward other blockchain ecosystems. Traders are now increasingly leaning toward networks such as Solana , especially for trading meme assets. Similarly, in recent months, the second-layer Base network has become the main destination for AI agent tokens.
New blockchains are capturing the attention of crypto market participants and their funds, as they provide fast transactions. Growing in price Bitcoin does not encourage users to make transactions, since many are waiting for the continuation of growth, which is talked about by all analysts without exception.
