Runes transactions have dropped to only 1.67% of the daily transaction share on the Bitcoin (BTC) 
$95,195 network, losing its strong position since the beginning of the year. This decline marks a significant regression from the period between April and November when Runes accounted for over 50% of daily Bitcoin transactions. Additionally, the drop in daily Runes transaction fees below $250,000 indicates low network activity compared to previous periods.
Bitcoin’s Dramatic Price Movements
Experts emphasize that the decrease in Runes’ transaction volume parallels broader market dynamics. They argue that the volatility in Bitcoin’s price has diminished interest in experimental Bitcoin-based protocols like Runes and Ordinals.
Such protocols are often viewed as applications with higher risks. At the same time, artificial intelligence agents, memecoins, and Ethereum (ETH) 
$3,334-based NFTs have attracted market attention. This shift may have weakened interest in Bitcoin-based token protocols.
Cooling Trends in the Runes Ecosystem Become More Apparent
The decline in the Runes ecosystem reveals a significant change in usage patterns within the Bitcoin network. The drop from over 50% transaction share to below 10% indicates a broader market trend.
Speculative interest might have shifted to other cryptocurrency sectors. However, as Bitcoin’s price stabilizes, interest in these ecosystem projects is expected to rise again, similar to past trends. Therefore, market participants are closely monitoring how projects like Runes and Ordinals will evolve and where they will head in the future.
