Bitcoin Runes have accumulated more than 2,500 Bitcoin (BTC) in transaction fees in under two months, suggesting a substantial revenue boost for Bitcoin miners following the 2024 halving.
Bitcoin Runes, a new protocol for issuing fungible tokens on the Bitcoin network, has generated 2,513 BTC in total fees since its launch. According to data from Dune, these fees amount to over $163 million.
This achievement comes just two months after the Runes protocol launched during the Bitcoin halving event in April 2024, indicating ongoing interest in Bitcoin-native decentralized finance (DeFi), or BTCFi.
Protocols like Runes could provide a crucial source of revenue for Bitcoin miners, especially after the halving, which reduced the Bitcoin block rewards from 6.25 BTC to 3.125 BTC per successfully mined block.
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