Despite the significant FUD Bitcoin network transaction activities continue to thrive

Due to the adoption of new standards and an increase in trading volume, the throughput of the Bitcoin blockchain has exceeded 90% after the halving.
After the halving event in April, activity on the BTC network significantly increased. Despite the presence of high levels of fear, uncertainty, and doubt (FUD), this growth still occurred.
Data
Dune Analytics highlights a key moment on the 20th of the month, when Bitcoin reached 91.4%, while Rune was at 6.8%, BRC-1.6 at 20%, and Ordinals at 0.2%.


Continuous improvements of Rune
The significant increase in post-halving traffic is largely due to the adoption of new token standards such as Runes and BRC-20.
Dune Analytics data shows a significant increase in transactions involving these token standards, especially on the 23rd of the month, where Rune transactions exceeded 750,000.
Read more:


Bitcoin network transaction fees plummet over 60% – this is the reason


Bitfinex analyst shares:
“BRC-20 and Ordinals, among other new token standards, have stimulated further development of the BTC blockchain, increasing its overall market share in the field.”
The creation of Rune was to establish alternative tokens on the Bitcoin blockchain and has been widely adopted, leading to high transaction volume.
Impact of the halving
The recent halving in April resulted in miners prioritizing higher fee transactions to compensate for the reduced rewards.
The Bitfinex analyst also commented:
“After the halving, as traders and investors adjust their positions, on-chain activity typically increases, leading to an increase in transaction volume.”