The Rise and Fall of Bitcoin Runes in 2024: A Year of Decline
Bitcoin Runes Peak: April 2024
On April 23, Bitcoin Runes hit an all-time high with over 750,000 daily transactions.
Decline Begins: May 2024
Momentum faded by mid-May, with audience engagement dropping sharply.
Mixed Fortunes: July-August 2024
Runes achieved 15.6 million NFT transactions by August, the highest recorded.
December 2024: A Low Point
Transaction share fell below 10% throughout December, except on Christmas Day (19.9%).
Why Did Bitcoin Runes Decline?
2024 marked a seven-month decline in NFT values, only slightly recovering in November and December.
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