Is Bitcoin Cooling On-Chain?
The craze for inscriptions and runes has subsided, and Bitcoin network transaction activity has fallen to an 18-month low!
The average daily trading volume has dropped below 316K, and transaction fees have also fallen below $1.5~
🗿 Runes and Ordinals once sparked a trend of 'Ethereum-ification', but now speculation has cooled, and mainstream attention is quietly shifting to other public chains that have higher native support...
Can Bitcoin only serve as a reserve asset? Can the Bitcoin ecosystem be reignited again?👀