The Bitcoin network has hit a new milestone with a record-breaking daily transaction volume of 926,842 on April 23, surpassing the previous high set in December 2023. This surge in activity comes shortly after Bitcoin’s fourth halving and the introduction of Bitcoin Runes, a protocol for issuing fungible tokens.
Bitcoin Runes now accounts for 68% of all transactions on the network, with over 3.6 million transactions related to this protocol. Despite the initial excitement surrounding Runes, DeFi analyst Ignas believes that its long-term potential remains promising, even after the hype cools down post-launch.
While Bitcoin’s price has remained relatively stable around $64,000, this new transaction record showcases the network’s expanding functionality and the growing interest in blockchain innovations. In related news, an “epic sat” from the fourth Bitcoin halving was recently auctioned off for 33.3 BTC (approximately $2.13 million).
With a Master’s degree in Economics and years of experience in the FinTech industry, Aaron, our expert analyst, provides valuable insights into the world of digital currencies. He is dedicated to making blockchain and Web3 technology more accessible to both newcomers and industry veterans alike. Stay tuned for more updates on the evolving crypto landscape.
