Bitcoin Runes outperforms BRC-20 in onchain activity. Since April 2024, Runes have led Bitcoin network activity, outpacing both Ordinals and BRC-20 in transaction share. While Bitcoin takes up the lion’s share of its blockchain network most days, a clear winner has emerged from the bandwidth war between the Bitcoin standards — Ordinals, BRC-20 and Runes.Onchain activity is a good indicator of real-time market demand and overall community interest. Since its launch on April 20, Runes, a standard for creating fungible tokens on Bitcoin (BTC), has dethroned the long-standing Ordinals and BRC-20 standards in terms of transaction share.
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*Share of transactions of different Bitcoin standards. Source: Dune Analytics*