9h50 ▪
4
min of reading ▪ by
The launch of Runes, which occurred on April 20, the day of the fourth bitcoin halving, was spectacular. Fueled by the hype surrounding this major event, Runes attracted considerable attention, sparking intense debate about the future and utility of bitcoin. However, a month after this explosive launch, the enthusiasm seems to have waned, giving way to more measured reflection on their true impact.
An initial exaggerated enthusiasm for bitcoin
On April 20, the bitcoin market was shaken by the arrival of Runes. That day, Runes transactions accounted for 57.7% of all bitcoin transactions, far surpassing other types of transactions such as ordinals and BRC-20 tokens.
This sudden domination, though spectacular, was not sustainable in the long term. The hype surrounding the bitcoin halving played a crucial role in this explosion of initial interest.
The impact of Runes was particularly…
