The Runes revival: Bitcoin traffic hits a two-year high as transactions blast past 820,000

Bitcoin network activity has surged to a two-year high, with daily transactions climbing above 820,000 as renewed interest in the Runes protocol drives heavy onchain usage. Runestone transactions exceeded 600,000 per day and are now generating roughly 25% of Bitcoin’s total network fees, highlighting stronger demand for block space and meaningful utility beyond simple BTC transfers. The article notes this activity spike is occurring while BTC trades around $62,000, about 50% below its October all-time high, underscoring that usage is rising even in a prolonged bear market. The market implication is potentially bullish for Bitcoin fundamentals, as higher transaction volumes and fee generation can support miner revenue and reinforce network adoption.