COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bitcoin Network Surpasses 50 Million Minted Runes
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Bitcoin Network Surpasses 50 Million Minted Runes
Bitcoin (BTC)

Bitcoin Network Surpasses 50 Million Minted Runes

In Brief

  • Total minted Runes on Bitcoin network surpasses 50 million.

  • Daily average of 500,000 Runes minted, showing strong user participation.

  • Runes protocol allows creation of fungible tokens on Bitcoin Blockchain.

COINTURK NEWS
COINTURK NEWS 10 months ago
Share
SHARE

IntoTheBlock shared data indicating that the total number of minted Runes on the Bitcoin (BTC) network has surpassed the 50 million mark. This significant milestone shows that the initial hype surrounding Runes, a unique digital asset protocol on the Bitcoin network, continues despite the initial excitement waning.

Contents
Daily Average of 500,000 Runes MintedWhat is the Runes Protocol?

Daily Average of 500,000 Runes Minted

Currently, an average of 500,000 Runes are minted daily, indicating strong user participation in minting Runes on the Bitcoin network. This consistent network activity reflects broader acceptance and integration of Runes within the Bitcoin network, despite the initial hype diminishing.

Meanwhile, a graph shared by IntoTheBlock shows a steady increase in the number of Runes minted since the end of April, with no significant decline in minting activity. The stable minting rate indicates that Runes continue to attract a dedicated user base, even if they are no longer at the forefront of digital asset discussions.

What is the Runes Protocol?

Runes is a Bitcoin-based protocol that allows the creation of fungible tokens, also known as interchangeable tokens, on the Bitcoin Blockchain. Although Runes have gained and continue to gain popularity, the best-known crypto token standard is Ethereum’s ERC-20 standard, first proposed in 2015.

Since its market introduction at the end of April, Runes have offered unique functions on the Bitcoin network, maintaining their validity by providing different value propositions to users. Despite various fluctuations in different branches of the crypto market, the consistent minting of Runes can be seen as an important indicator of ongoing interest in specialized Blockchain applications.

Market observers note that the continued minting of Runes plays a significant role in the ongoing development of the Bitcoin network and could potentially influence future trends in digital asset creation and adoption.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Texas Commits Boldly with First Publicly Funded Bitcoin Reserve

Bitcoin’s Surging Value Triggers Massive Liquidation

Swissblock Warns on Bitcoin’s Liquidity Struggles Affecting Its Value

Global Tensions Push Bitcoin Below $100,000 – What Happens Next?

Bitcoin Defies Peak Predictions and Continues Bullish Run

COINTURK NEWS 5 September, 2024 - 12:43 pm 5 September, 2024 - 12:43 pm
Share This Article
Facebook Twitter
Share
Previous Article Bybit Lists POL for Futures Trading with High Leverage
Next Article Siemens Issues Digital Bond Using Blockchain Technology
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Fed Predicted to Cut Rates as Economic Signals Shift
Ethereum (ETH)
Bitcoin Stirs Anticipation as Market Dynamics Shift
Technical Analysis
Exciting Developments in Crypto: Powell’s Statements and Chainlink-Mastercard Collaboration
Cryptocurrency News
Discover Exciting Developments in the Crypto Landscape Today
Binance
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?