The Runes revival: Bitcoin traffic hits a two-year high as transactions blast past 820,000
CoinDesk 2026-06-24 09:47:58
Context: Bitcoin's network activity has surged to a two-year high, with over 820,000 transactions processed in a single day, driven primarily by a revival in Rune protocol activity. This increase in activity comes as Bitcoin trades around $62,000, roughly 50% below its October all-time high. The Rune protocol, a Bitcoin fungible token standard, allows users to create and transfer fungible assets directly on Bitcoin.
Key Facts
- Bitcoin processed more than 820,000 transactions in a single day, its highest daily count in over two years, with Rune-related activity accounting for a significant share of network usage.
- Transactions carrying Rune protocol messages, known as Runestones, exceeded 600,000 per day, also marking a two-year high, according to Glassnode data.
- Rune transactions generated roughly 25% of all Bitcoin transaction fees, reaching multi-year highs and suggesting that demand for block space is increasingly being driven by applications beyond simple BTC transfers.