Bitcoin sets a new all-time high for daily transactions.

Bitcoin transactions have reached a historic milestone, surpassing the previous record just days after the Bitcoin halving event. According to data from Glassnode, Bitcoin saw over 926,000 daily transactions on April 23, exceeding the previous high of 731,000 transactions in December 2023. This surge in transactions occurred shortly after the Bitcoin halving on April 20, which coincided with the launch of Bitcoin Runes, a new protocol for issuing tokens on the Bitcoin network. Runes currently account for 68% of all Bitcoin transactions, with investors executing a total of 3.6 million Runes-related transactions, as reported by Dune. While Runes may not remain the dominant token standard on the Bitcoin network, they highlight the value of block space on Bitcoin, according to TeraWulf’s CEO, Nazar Khan. Despite the increase in transactions, the price of Bitcoin remains relatively stable, just above $64,000. The future market opportunity for Bitcoin Runes may only materialize once the initial hype dies down, as noted by decentralized finance researcher Ignas.