Runes token standard diminishes BRC-20 hype, thwarts Ordinals engagement a day after launch

Runes token standard continues to record skyrocketing social activity and engagement. Bitcoin Runes could be the next big trend after BRC-20 and Ordinals as BTC ecosystem innovation grows. Interactions for Runes are at 27,350, against BRC-20 and Ordinals at 44,133 and 6,691 respectively. Bitcointoken standards have been a notable theme of late, with Ordinals and BRC-20 making headlines in the first quarter of 2024.

BRC-20 tokens As for BRC-20 tokens, which debuted in February 2023, the token standard was coined to create a standard for fungible tokens on Bitcoin. Affordability, speed, and increased accessibility relative to its predecessor was the way to go, toned by the bonus of being programmable.

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