The Runes revival: Bitcoin traffic hits a two-year high as transactions blast past 820,000
defi
Bitcoin on-chain activity surged past 820,000 transactions—a two-year high—driven primarily by renewed activity in the Runes protocol. The spike has pushed fee generation and miner revenue to multi-year highs and increased short-term mempool congestion. This renewed inscription-style demand tightens the fee market and could influence wallet UX and the economics of layer-2 adoption.
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