Runes Transactions on the Bitcoin Network Continue to Rise

user avatar

by Giorgi Kostiuk

2 years ago

The Bitcoin-based Runes protocol has seen a substantial increase in transaction volume over the past week, according to Dune analytics data.

Growth of Runes Transactions

According to Dune Analytics data compiled by Cryptokoryo, Runes accounted for around a quarter of all Bitcoin network transactions over the past week. The protocol reached a peak of 19.4% of transactions on October 7, but fell to around 12% by October 10. Although this is far from the peak seen in April 2024, when Runes made up over 60% of transactions, the current increase is still a positive development.

Factors Driving Interest in Runes Tokens

The rise in transactions is likely connected to the increase in the value of Runes tokens. Data from Magic Eden shows several Runes tokens, such as DOG, RSIC, BILLION, and DECENTRALIZED, have all seen double-digit gains over the past day. LOBO saw the biggest gain of 49%, and the largest Rune token by market cap, DOG, increased by 28%.

Impact on Bitcoin Miners

The resurgence in Runes transactions is good news for Bitcoin miners, as it leads to additional revenue from these transactions. As of October 6, Runes accounted for more than 12% of all fees on the Bitcoin network. Miners' fees increased by 32.4%, reaching $5 million, providing a welcome boost amid lower block rewards.

The rise in Runes transactions benefits both miners and token holders, strengthening the protocol's position in the Bitcoin ecosystem.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

CZ Calls Out Elon Musk Amid Binance Hack

Changpeng Zhao, co-founder of Binance, publicly addressed Elon Musk after his mocking response to a significant hack affecting the exchange.

user avatarMaria Fernandez

RUNE Price Surges Amid Ongoing Investigations into Stolen Cryptocurrency

RUNE's price increased from a local low of 0.59 to approximately 0.67 as investigations into stolen cryptocurrency movements through decentralized platforms, including THORChain, intensified.

user avatarGustavo Mendoza

Trezor Issues Urgent Security Warning for Safe 5 Wallets

Trezor has issued a security warning to customers who purchased Safe 5 hardware wallets through the Southeast Asian reseller CryptoBilis since March 2026, advising them to transfer their cryptocurrency to a newly generated wallet due to a potential hidden cellular implant.

user avatarRajesh Kumar

MEXC Introduces Canton 0Fee Carnival for Traders

MEXC has launched the Canton 0Fee Carnival, enabling users to trade CC spot and futures pairs without fees from October 30 to November 30, 2026, and participate in a prize pool of 1 million.

user avatarMiguel Rodriguez

XRP Ledger Foundation Clarifies Proposal's Routine Nature

The XRP Ledger Foundation clarifies that proposed changes to the token approval process are routine improvements and unrelated to any security incidents.

user avatarLuis Flores

XRP Ledger Developers Propose Tighter Token Approval Controls

XRP Ledger developers propose amendments for stricter token approval controls to enhance protocol safeguards and ensure consistent application of approval requirements.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.