1/🧵 The #Bitcoin halving has catalyzed a seismic shift in blockchain transaction dynamics. Post-halving, we've seen a surge in non-BTC transactions, thanks to new protocols like Rune, which eclipsed Ordinals and BRC-20 tokens overnight. #threadstorm #inleo
2/🧵 This rapid adoption reflects blockchain's agility. Non-BTC transactions, which once accounted for over 20% of daily activities, spiked to 70% post-spot Bitcoin ETF listings. However, these surges were short-lived, with levels normalizing around 30%.
3/🧵 Transaction fees tell a tale of resilience. Despite a halving-day peak of $128 and a June spike to $87, the median fee remained low, suggesting a robust system. Bitcoin's higher fees, compared to Ethereum's L2 and Lightning Network, may drive users to cheaper alternatives.
https://inleo.io/@jadeiy/bitcoins-transaction-shift-posthalving-844