Runes Protocol, which will come to life with the Bitcoin (BTC) halving, has already managed to make its presence felt.
The Bitcoin halving will take place on April 19th, during which a new protocol called Runes will come to life. The much-anticipated Runes Protocol has already increased the transaction intensity on the Bitcoin network, while also causing a rise in transaction costs.
Casey Rodarmor, one of the leading developers of Bitcoin, had succeeded in adding NFT to Bitcoin with the Ordinals protocol. Now, he is taking a step further and preparing to launch the Runes protocol.
According to data shared by CryptoSlam, the BRC-20 protocol PUPS has recently hosted hundreds of millions of dollars in transactions, shedding light on the expectations for Runes. PUPS became the second-most voluminous BRC-20 collection in the past seven days. Each PUPS can be converted into a PUPS Runes token when Runes is launched.
PUPS also stands out as the first meme coin on the Bitcoin network.
