The share of rune protocol transactions on the Bitcoin chain has dropped sharply to 7.9%.
Since its launch on April 20, the Runes protocol has accounted for more than 50% of transactions on the Bitcoin network for 13 days, but has not reached that level for more than four weeks. As the Runes hype fades, BTC has regained its dominance in this internet bandwidth allocation.
BTC currently accounts for 90.7% of all transactions on this blockchain. Among other Bitcoin protocols, runes still maintain their dominance. On July 17, runes accounted for 7.9% of all transactions, while BRC-20 and Ordinals accounted for 1.1% and 0.4% respectively.