Bitcoin Network Transaction Volume Drops to 12-Month Low, Rune Transactions in the Past 30 Days Generated Less Than $20,000 in Fees

BlockBeats News, February 15th, according to The Block data, the 7-day moving average of Bitcoin network transaction volume has dropped to 330,000 transactions, hovering near a 12-month low, a significant 55% decrease from the peak of 730,000 transactions in the network's history.

The fees generated by Runes in the past 30 days have dropped to less than $20,000, while the fees generated by Runes on the launch day were $60 million. This indicates that the market has shifted speculative trading activity to other blockchain ecosystems.

According to Memepool data, as of the time of writing, the Bitcoin network transaction fee is currently at 3 Sats/s.