Bitcoin

<ul><li>Glassnode data reveals a drastic reduction in Rune transaction fees, falling from $62.4M to $1.03M after the halving.</li><li>The halving event caused a significant spike in Rune transaction fees, reaching $6.2M on April 20, as noted by Glassnode.</li><li>Following the halving, Rune transaction fees have stabilized at a higher baseline than before the event, indicating a new equilibrium.</li></ul>According to recent data <a href="https://x.com/glassnode/status/1784883504100053291" rel="noopener noreferrer nofollow">released</a> by Glassnode on X, Rune transactions have experienced a significant revenue shift following the Bitcoin halving event. On the day of the halving, these transactions gathered an impressive $62.4M in fees. However, current revenue from Rune transactions has drastically reduced to $1.03M.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/22305cd8719e4db086c72757ce6ef2b0.png" />This financial trajectory was captured in a detailed chart by Glassnode, tracking the fluctuations of transaction fees at an hourly resolution. It features dual Y-axes, with the left showing fees in USD and the right displaying the cryptocurrency&#39;s price in BTC. This setup helps assess the relationship between transaction costs and the cryptocurrency’s market price.<a href="https://cryptotale.org/rune-transactions-witness-revenue-dip-post-bitcoin-btc-halving/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Rune Transactions Witness Revenue Dip Post- Bitcoin (BTC) Halving

CryptoTale

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