
The cryptocurrency community has seen a significant surge in activity following the recent Bitcoin halving, particularly with the introduction of Bitcoin Runes. This new token standard has sparked widespread interest, leading to a historic high in Bitcoin's daily active traders reaching 25.6k on April 18, in anticipation of the Runes launch. However, the number of traders dipped to around 7k by April 20, post-launch. Magic Eden quickly became the leading platform for Runes transactions, achieving over $29 million in volume within just three days. Additionally, a notable trend in the Runes space is the etching of 'CryptoPunks' into Runes, with some attempting to create a unique collection of 10,000 'Rune Punks'. This activity highlights the community's innovative approaches to leveraging the new Runes protocol on the Bitcoin network.





One interesting application of runes could be art editions on bitcoin. Etch your art into a rune and set the supply to the desired # of editions. Either pre-mine the entire supply and sell them yourself or pre-mine a portion and allow others to mint the rest for free.
ICYMI: Curious about Bitcoin Runes? It's revolutionizing the BRC-20 token standard, enhancing efficiency in Bitcoin-native assets. With Ordinals paving the way in 2023, Runes Protocol emerges in 2024. Explore the innovation: ↓ https://t.co/AZnQCGe4os
Runes has accounted for more than two-thirds of transactions since the Bitcoin halving H/T Binance Research