Bitcoin’s daily transactions have hit a new peak, reaching 927,000, breaking the previous record of 724,000. This milestone, reported by Intotheblock, highlights the network’s increasing activity.
Runes Token Sparks Surge in Bitcoin Transactions
The introduction of Runes has sparked a rapid surge in Bitcoin transactions, indicating a growing interest in cryptocurrencies. Since its launch after the halving on April 20, Runes have dominated Bitcoin transactions, accounting for over two-thirds of the total, with more than 2.38 million processed.
On April 23, Runes experienced its highest activity with over 750,000 transactions. However, the following day saw a significant decrease, dropping to 312,000 transactions, raising questions about its sustainability.
Debate Over Runes’ Impact on Bitcoin Mining Revenue
Industry experts are divided on whether Runes will provide a sustainable revenue source for Bitcoin miners. While promoted as a more efficient token generation protocol by Ordinals Creator Casey Rodarmor, critics like Nikita Zhavoronkov from Blockchair have raised concerns about the amount of block space Runes transactions occupy, suggesting a deviation from Bitcoin’s original vision.
