• Recent data from Glassnode indicates a sharp decrease in Rune transaction fees, plummeting from $62.4M to $1.03M following the halving event.
• Glassnode also documented a notable surge in Rune transaction fees to $6.2M on April 20, right after the halving.
• Since the halving, Rune transaction fees have settled at a higher level than pre-event, signaling a new balance.

Data released by Glassnode highlights the drastic revenue shift in Rune transactions post the Bitcoin halving. Transaction fees peaked at $62.4M on the halving day, but have now decreased significantly to $1.03M.

These fluctuations are captured in a detailed chart by Glassnode, analyzing transaction fees and cryptocurrency price hourly. With a dual Y-axis setup, it tracks fees in USD on the left and cryptocurrency price in BTC on the right, providing insights into the correlation between transaction costs and market price.