The share of Runes transactions on the Bitcoin network has fallen to a new low, accounting for only 1.67% of daily transaction volume

According to reports, the transaction share of Runes on the Bitcoin network has fallen to a new low, accounting for only 1.67% of daily transactions. This is in stark contrast to its dominant position from April to November when Runes' trading volume usually accounted for more than 50% of Bitcoin's daily transactions. At the same time, Runes' daily transaction fees remain below $250,000, indicating a significant decrease in network activity.

This change aligns with broader market dynamics and shifts in investor interest. As Bitcoin prices fluctuate, attention begins to shift away from high-risk experimental protocols based on Bitcoin such as Runes and Ordinals. Meanwhile, areas like artificial intelligence agents, Meme coins and Ethereum NFTs are gradually taking up market share which may lead investors to lose interest in token protocols based on Bitcoin.

Data suggests that the Runes ecosystem might be cooling down. Its network share plummeted from over 50% sharply down to less than 10%, marking a major change in how the Bitcoin network is used. This trend could reflect a shift in speculative interest among investors who are now turning their attention towards other cryptocurrency domains.