Runes Minting Dominates Initial Bitcoin Halving Fallouts
- Runes minting dominated the initial phase of reactions following the recently completed Bitcoin halving.
- The novel protocol attracted 78.6 BTC in fees just nine blocks after the Bitcoin halving.
- Runes creator, Rodamor, minted the first project on the protocol, UNCOMMON•GOODS.
Runes minting has dominated the initial phase of reactions following the recently completed Bitcoin halving. According to reports, the novel protocol on the Bitcoin network attracted 78.6 BTC in fees, equivalent to $4.95 million just nine blocks after the Bitcoin halving.
As a relatively new creation in the crypto space, Runes is similar to Ordinals, allowing people to “etch” and mint tokens on-chain. It is the brainchild of Casey Rodamor, the creator of Ordinals. The difference between both protocols is that Ordinals are non-fungible, while Runes will function more like memecoins.
With the timely explosion of Runes and how it exploded into the Bitcoin ecosystem, many crypto users already think it could become a boon to Bitcoin’s burgeoning fee economy. Most of such users already discussed which Runes to mint and trading…
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