Bitcoin’s blockchain bandwidth usage has surged past 90% following the April halving event, marking a significant increase in network activity.
Despite ongoing Fear, Uncertainty, and Doubt (FUD) in the market, Bitcoin’s adoption, transaction volume, and trading activity have remained strong and unaffected.
A chart from Dune Analytics user Cryptokoryo highlights this milestone, showing that on June 20, Bitcoin’s dominance in blockchain bandwidth reached 91.4%. This is in stark contrast to the 6.8% for Runes, 1.6% for BRC-20, and 0.2% for Ordinals in transaction share.
Summary Review: Bitcoin‘s ability to reclaim and maintain such a high level of blockchain bandwidth usage post-halving demonstrates its resilience and ongoing dominance in the cryptocurrency space. Despite market challenges, the increase in transaction volume and the adoption of new token standards underscore Bitcoin’s critical role in the evolving digital economy.
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