The third wave of Bitcoin ecology has been launched, and projects related to the Runes protocol are in pre-launch phase
The third wave of the Bitcoin ecosystem has already begun. Starting from the wealth effect triggered by $ ORDI in March last year, after experiencing the first and second waves of inscription surges, the Bitcoin ecosystem went through a five-month cooling-off period. Now, we have entered the third wave of the Bitcoin ecosystem, which can be seen from gas fees. The transaction cost (gas fee) of Bitcoin has shown an upward trend since April 9th and has stabilized at about 50 Gwei. Currently, several Runes protocol-related projects on the market have started their preheating stage. Among them, the hottest topic is Runes concept, especially Runestone with a market value reaching $640 million USD; this caused its floor price to soar to 0.074 BTC , surpassing BAYC and becoming the second largest project in NFT market. Early users who participated in pre-mining for Bitcoin's Runes tokens also made considerable profits.
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