The launch of a decentralized platform for Bitcoin Layer 1, referred to as Runes, is poised to transform decentralized finance (DeFi) on Bitcoin. Proponents emphasize that $RUNE serves as critical infrastructure for cross-chain decentralized finance applications, highlighting features such as cross-chain liquidity, a cross-chain name server, and multi-signature capabilities. Supporters believe that the value of $RUNE will increase as the market recognizes its potential. Recent discussions indicate that some investors have reached all-time highs in their $RUNE holdings, expressing confidence in the long-term viability of the asset and its role in creating a trillion-dollar token economy on Bitcoin. The sentiment among advocates is that the current market conditions are merely a phase, and they remain optimistic about the future of Runes in the DeFi landscape.