BitcoinBitcoin's Runes Protocol Encounters Challenges in Maintaining Momentum

Bitcoin’s Runes Protocol Encounters Challenges in Maintaining Momentum

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The highly anticipated Bitcoin Runes protocol, which promised to revolutionize transactions by making them faster and more affordable, has experienced a notable decline in both user activity and fee earnings since its launch following Bitcoin’s fourth halving event. Although it started off with a bang, generating over 85,000 token issuances and $3 million in fees in just 10 days, recent statistics show a significant slowdown in its performance.

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