DeFi· ★★★· neutral·

Alkanes metaprotocol generated 61% of all Bitcoin transactions over 90 days

  • —Alkanes accounted for 61.1% of Bitcoin transactions, about 59.9 million in 90 days
  • —The protocol used 40.3% of block space and 94.2% of OP_RETURN bytes
  • —Alkanes generated 13.4% of miner transaction fee revenue in the period
  • —99.7% of UNCOMMON•GOODS Runes mints doubled as DIESEL mints
Why it matters: Metaprotocols that leave Bitcoin's consensus untouched can still congest the chain and move fees, a key factor for miners and users.
Source: Bit2Me News