BRC News

Bitcoin Runes, a leading NFT protocol, generated $162.4 million in fees with over 15.6 million transactions, showing potential for a long-term market impact.

Several PolitiFi and animal-themed memecoins continued to soar in the second quarter despite the broader market downturn, which NFTs contributed to.

Bitcoin miners have earned less than 2 BTC combined from Runes transactions over the past six days, a significant decrease from the record high of 884 BTC on April 24.

Bitcoin’s blockchain bandwidth usage surpasses 90% post-halving, driven by new token standards and increased transaction volume.

Since April 2024, Runes have led Bitcoin network activity, outpacing both Ordinals and BRC-20 in transaction share.

Bitcoin Runes protocol caused an initial surge in Bitcoin transactions, exceeding 50% at its peak. Did the hype clog clear out?

Each Bitcoin halving sees Bitcoin miners rewarded with a smaller block subsidy, but ViaBTC is optimistic that innovative Bitcoin applications will more than cover these needs, as Satoshi Nakamoto envisioned.

Runes continue to make up the vast majority of Bitcoin transactions; however, the fees earned by Bitcoin miners from Runes have slightly tailed off since the record-setting halving day.

BRC-20 tokens saw a sharp decline as investor focus shifted toward Bitcoin Runes, which are also at risk of a major correction.

Due to their initial lack of utility, Runes will trade akin to volatile memecoins at the beginning, according to pseudonymous DeFi researcher Ignas.

Jeff, the founder of Merlin Chain, argues that Ethereum can handle most of the innovations built on layer-2 networks, but Bitcoin cannot, making layer-2s more important for the Bitcoin ecosystem.

Rich Rines, an initial contributor to Core DAO, makes a strong case for BRC-20 and building utility on the Bitcoin blockchain as an extension of Satoshi’s vision and an alternative pathway for miners in the future.

A Bitcoin Core developer claimed Bitcoin Ordinals exploit a vulnerability allowing inscribers to bypass data size limits, which could soon be fixed.

Inscriptions have been acting more as a “packing filler,” stuffed into any remaining space once higher-value monetary transfers are packed into blocks, said the firm.

The number of Ordinals has grown from one to 10 million in less than six months.