On June 23, Bitcoin network transactions soared to over 820,000 daily, marking the highest activity level since April 2024, according to data from Glassnode. This spike occurred despite a bearish market, with Bitcoin priced at around $62,000, nearly 50% lower than its peak.
The substantial increase in transactions can be attributed to the Runes Protocol, which alone recorded over 600,000 transactions in a single day, contributing to approximately 25% of the network's total fees.
