IntoTheBlock: Runes may continue to increase bitcoin transaction fees
2024-04-20 15:22:16
IntoTheBlock pointed out in its market report on Friday that one of the main reasons the market is looking forward to Runes is the impact that its lead developer Casey Rodarmor has already had on Bitcoin through the previous launch of Ordinals. Since Ordinals emerged, Bitcoin's transaction volume has reached record highs several times, with the majority of transactions sending less than $1 worth of Bitcoin to cover fees. Overall, Ordinals has driven Bitcoin fees near record highs, and Runes is likely to continue to increase Bitcoin's transaction fees.
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