The number of new Runes etched on Bitcoin daily has dropped below 250 for the past six days, with Monday seeing just 157 Runes etched—a significant 99% decrease from its peak in late April.
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Creating additional assets on top of Bitcoin was viewed as a gimmick or a publicity ploy until recently. In 2023, "ordinals," a type of NFT that was also included in a Bitcoin block, were one of the biggest trends.
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The halving of Bitcoin [BTC] has been to the cryptocurrency world what the Olympics are to the sports community and the Oscar Awards are to movie buffs. Halving is a much anticipated and joyous occasion that, by limiting supply, tends to increase the economic worth of the largest digital asset on the earth.
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