Analysis: Bitcoin on-chain volume hits an 18-month low, the craze for Runes and Ordinals fades away.

CoinVoice has recently learned that, according to The Block, Bitcoin on-chain trading activity has dropped to its lowest level in a year and a half, with the 7-day moving average trading volume falling to 316,000 last week, currently slightly rebounding to about 350,000, far below the peak of 700,000 in mid-2024.

As the speculative frenzy around Bitcoin's native protocols like Runes and Ordinals fades, traders' interest shifts to other blockchain ecosystems. Since the beginning of the year, Bitcoin transaction fees have consistently remained below $1.50, indicating minimal competition for block space and a return to traditional transfer uses. Some users attempt to initiate transactions with fees below 1 sat/vB, while the mining pool MARA launches the "Slipstream" channel to handle ultra-low fee transactions, sparking a debate among Bitcoin developers about network standards and censorship resistance.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 1
  • Share
Comment
0/400
GateUser-9a6a2884vip
· 06-20 09:51
Can Audi still return 90???
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)