The fourth Bitcoin halving has been successfully completed, and the Runes protocol has officially launched. Various Rune projects have gone live simultaneously, and everyone wants to be the first to benefit from this wave. However, this has led to a sharp increase in Bitcoin network transaction fees, with fees for high-priority transactions reaching 2778 sat/byte (over $230). The Gas War has begun!
Although the Bitcoin halving has reduced the mining rewards, the strong output from Runes users has somewhat offset the concerns of miners. If there is a continuous income, the Bitcoin ecosystem will continue to thrive.
The Runes protocol has successfully launched the Rune project, and the deployment and distribution of the Rune ecosystem’s top ten projects are as follows:
– UNCOMMON•GOODS: No pre-mining
– Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z: 99% pre-mining
– DECENTRALIZED: Fully mined by the project team for airdrops to CyberKongz
– DOG•GO•TO•THE•MOON: Fully airdropped to Runestone holders
– THE•RUNIX•TOKEN: Fully mined by the project team for airdrops to BVMnetwork
– DOG•DOG•DOG•DOG•DOG: Fully mined by the project team (unknown project team)
– SATOSHI•NAKAMOTO: 20% pre-mined (unknown project team)
– MEME•ECONOMICS: 20% pre-mined (unknown project team)
– RSIC•GENESIS•RUNE: Fully mined by the project team for reservation at rune_coin
– LOBO•THE•WOLF•PUP: Fully airdropped to Runestone and Rune Door holders
The BRC-20 protocol has created a phenomenon similar to the wealth effect of ORDI and SATS, resulting in a large number of projects following and replicating the inscription gameplay. Both of these achieve a subordinate relationship between 1 and 10-10000. The Runes protocol is the same, with many projects still competing and innovating in this gameplay. Until a dominant project emerges, Runes is full of opportunities and uncertainty.
With such enthusiasm for new Rune projects, tracking the latest developments and discovering Alpha projects and the right timing will test individuals’ information gaps. Below are some useful tools recommended to help you have more choices and reference directions on the road to new investments:
1. RuneStore: Browser and minting. https://runestore.io/
2. Mempool: Bitcoin network explorer, where you can view current transaction fees, accelerate transactions, etc. https://mempool.space/zh/
3. BTCTool.Pro @btctoolpro: BRC2/Rune token chart tool. Explore popular minting projects. In addition, you can also view the growth dynamics of each Rune existing in the market. https://www.btctool.pro/hot-mint
4. RunesTerminal @runes_terminal: Browser, minting, and launchpad.
5. RuneMine @rune_mine: Build a Rune portfolio, multisig, indexer. Track the Rune tokens you hold and their current value, monitor value changes and performance.
6. RunesMarketCap @RunesMarketCap: A list of Rune projects sorted by market cap/FDV, date, price, etc.
7. Rune Alpha @runealpha_btc: This is a comprehensive tool that includes browser, engraving, minting, trading market, launchpad, and all relevant on-chain data about Runes.
8. Rune Bitcoin @runebtcxyz: Engrave, mint, browse, and transfer Runes.
9. Luminex @luminexio: UTXO split tool (so you can mint multiple Runes at once).
10. SatScreener @SatScreener: Information about BRC20, Rune, STX tokens. Useful for total transaction count.
Tags:
Runes
Web3 practitioner
Bitcoin
Note: The views expressed in this article do not constitute investment advice.