Memecoins
The lure of Bitcoin miners that boosts Memecoins is already starting to wane
The respite provided by the debut of memecoins on the Bitcoin blockchain, which helped soften the financial blow of a recent software update suffered by crypto miners, already appears to be fading.
Just as the April 19 “halving” halved the number of tokens allocated to miners to validate transactions, transaction fees on the network surged as users rushed to mint the first time. speculative coins on Bitcoin. The process is enabled by the Rune protocol, through which users can create their own fungible tokens. Data from Dune Analytics shows that the total number of rune transactions fell to around 45,700 on Monday, after peaking above 750,000 on April 23.