
cbspears ◉|Jul 15, 2025 01:16
Great question, Dick!
Looks like over the past month ordinals/runes type transactions have accounted for ~40% of all Bitcoin transactions and several days been the overwhelming majority of transactions.
The transaction activity from ordinals/runes has remained roughly flat the past 2 years, those users have actually gotten pretty sophisticated at efficiency optimization and reactive to secondary market pricing.
The transactions which we attribute to "exclusively monetary use" have actually declined as Bitcoin's price goes up, suggesting that fewer Bitcoin owners care to use Bitcoin in a sovereign way as adoption increases.
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