runes

The Bitcoin Meta Protocol Alkanes, maintained by SUBFROST, announced that data shows from June 23 to September 20, corresponding to block heights 954,917 to 967,918, Alkanes transactions accounted for 61.1% of all Bitcoin transactions, approximately 59.9 million transactions. During the same period, Alkanes accounted for 40.3% of block space weight, 94.2% of OP_RETURN byte count, and 13.4% of transaction fee revenue. The data comes from documents published daily by SUBFROST under the MIT license, with real-time charts available at subfrost.io/metrics.Alkanes is a Bitcoin meta protocol built on the Runes protocol, maintained by the company SUBFROST, which is focused on the U.S. market, co-founded by Gabe Lee and the original author of the protocol, RWP IV. The company claims that its community is almost entirely from the Asia-Pacific region, providing complete Chinese documentation and a Chinese data page, and operates an official Chinese Telegram for DIESEL; this year the company held seminars in China and set up a booth at Bitcoin Asia in Hong Kong.On the technical side, Alkanes does not alter Bitcoin consensus and does not operate as a sidechain. Its contract code is WebAssembly, deployed once in the witness data, and subsequent users send function calls via runestone in Runes format, executed by the independent indexer Metashrew; full nodes only confirm Bitcoin transactions and do not verify Alkanes balances.

According to CoinDesk, Runestone co-founder Leonidas announced that it is launching an open-source Bitcoin client called DOG Mode, aimed at bypassing BIP 110's restrictions on non-financial data. DOG Mode will increase the maximum weight unit for standard transactions from 400,000 to 3,900,000, close to the entire block capacity, and will reduce the dust limit from 294 to 546 satoshis down to 1 satoshi. Leonidas stated that removing the dust limit will free up approximately $25 million in idle funds.The BIP 110 proposal restricts arbitrary data through user-activated soft forks, requiring 55% miner support, which is currently close to zero. DOG Mode does not require any consensus or voting; it only needs to change the forwarding rules of a single node. If enough nodes run and miners accept, transactions can be confirmed. Leonidas mentioned that DOG Mode deviates from Core to a much lesser extent than Knots, and there is currently no code repository or version. He calls on developers to contribute code and miners to add support. The price of DOG tokens has dropped 1.2% in the last 24 hours.

UniSat officially stated on social media that the team has noticed recent changes in the Bitcoin ecosystem (Magic Eden will close its Bitcoin and EVM markets). However, for UniSat, it will continue to firmly support the development of the Bitcoin mainnet ecosystem and will keep investing in the infrastructure for Ordinals, Runes, and brc-20.The following phased adjustments and upgrades will be implemented in the future: UniSat Marketplace: gradually lowering the market participation threshold. Starting from March 1, 2026, UniSat Marketplace will implement a 90-day zero service fee policy across the platform. UniHexa: expanding the current invitation round. Next week, the early access invitation scope for UniHexa will be expanded. UniHexa is a unified on-chain exchange service for brc-20 and Runes. brc-20: a technical discussion on single-step transfers will soon begin. The team will soon share detailed technical discussions on implementing brc-20 single-step transfers on the Bitcoin mainnet. For developers: UniSat API upgrade. The UniSat API is expected to be upgraded to a fully functional MCP soon, capable of providing commercial-grade Bitcoin on-chain data. Long-term participation in the Fractal standard indexing service. UniSat will gradually purchase FB from the market to participate in the Fractal standard indexing service, which is planned to launch in Q2. The initial phase will purchase no less than 500,000 FB, and the first phase deployment will start and complete within 15 days. These FB will be used for long-term participation in index staking.

Bitcoin ecosystem service provider UniSat announced on platform X that the Runes indexing issue has been resolved, and all related functions have been restarted and are now operational. Asset operations related to Runes or UTXO consolidation can be performed, and the Runes indexing data will also be updated.

UniSat official announced on the X platform that UniSat is currently experiencing an issue with the Runes index, causing internal ord instances to exit unexpectedly.As a result, the Runes index data will temporarily stop updating during the system recovery period, which is expected to take several hours.UniSat reminds users to avoid any asset operations related to Runes or UTXO consolidation during this period to mitigate potential data inconsistency risks. The team is actively working to resolve the issue.

ChainCatcher news, RuneSoul announced the completion of a $4 million strategic financing round, led by Bitgo Capital, with follow-on investments from AccelByte Fund and IGC Union. This round of financing will drive RuneSoul to accelerate its global expansion, build the next-generation Web 3 gaming infrastructure, and deepen the implementation of GameFi 4 and SocialGameFi.According to official data, the number of wallet addresses has exceeded thirty thousand.

ChainCatcher news, according to The Block, Bitcoin on-chain transaction activity has fallen to its lowest level in a year and a half, with the 7-day moving average transaction volume dropping to 316,000 last week, currently slightly rebounding to about 350,000, far below the mid-2024 peak of 700,000.The speculative frenzy around Bitcoin-native protocols like Runes and Ordinals has subsided, and traders' interest has shifted to other blockchain ecosystems. Since the beginning of the year, Bitcoin transaction fees have remained below $1.50, indicating minimal competition for block space and a return to traditional transfer purposes. Some users are attempting to initiate transactions with fees below 1 sat/vB, and the mining pool MARA has launched the "Slipstream" channel to handle ultra-low fee transactions, sparking debates among Bitcoin developers about network standards and censorship resistance.

ChainCatcher news, OKX Web3 wallet announced that it will suspend support for the Runes trading market on June 5, 2025. At that time, related trading functions (including listing and delisting) will be closed, and all open orders will be cleared. The wallet will still support the display and transfer of Runes assets, and the trading and transfer functions of other assets will not be affected.

ChainCatcher news, the Runes marketplace and launch platform Odin.fun, founded by Bioniq founder Bob Bodily, announced the completion of a new round of strategic financing, led by Taproot Wizards. The specific investment amount has not been disclosed, and the new funds are intended to support the development of DeFi on the Bitcoin blockchain.It is reported that after the transaction is completed, Odin.fun will continue to operate independently and will still be led by Bob Bodily.According to the Web3 asset data platform RootData, Odin.fun is a Runes marketplace and launch platform founded by the creator of the Bitcoin ordinal market Bioniq, inspired by Pump.fun.

ChainCatcher news, according to Cointelegraph, rune transactions on the Bitcoin blockchain now account for only 3-5% of the transaction volume, down from 80% at launch.

ChainCatcher message, Runestone founder Leonidas posted on social media to remind the Runes community that $DOG holders have just been airdropped a scam inscription, which links to a scam website that will steal users' wallet assets. Runes have now attracted the attention of scammers, so be very careful about which websites you connect your wallet to.

ChainCatcher news, according to GeniiData, the total market capitalization of runes has surpassed 1.89 billion dollars, with a 24H increase of 16.86%.Among them, DOG•GO•TO•THE•MOON has a market capitalization of over 780 million dollars, PUPS•WORLD•PEACE has a market capitalization of over 350 million dollars, and BILLION•DOLLAR•CAT has a market capitalization of over 120 million dollars.

ChainCatcher news, Runestone founder Leonidas publicly addressed Coinbase on X, requesting clarification on the transparency of the DOG listing and its fair listing policy.He stated: "We acknowledge that Mr. Armstrong (Coinbase CEO) posted on November 2, 2024, claiming 'free listing', but despite the DOG community's multiple attempts to reach out to Coinbase, we have yet to receive any response.We strongly urge Coinbase to improve its Asset Hub process to truly include all decentralized and fairly distributed Memecoin communities, regardless of their organizational structure. For clarity and fairness, we respectfully make the following requests to Coinbase, including holding a formal meeting to discuss these key issues:Specific issues regarding DOG: If there are any specific issues preventing the listing of DOG, they must be clearly stated so that the community can address these concerns;Listing standards: A complete and detailed explanation of all listing standards adopted by Coinbase is needed to ensure transparency, trust, and fairness."

ChainCatcher message, Runestone founder Leonidas posted on the X platform stating, "Other meme coins talk about decentralization, but DOG actually does it. DOG is a project with a CC0 license, which means anyone can use DOG to do anything without asking for permission. Imagine a DOG community with hundreds of entrepreneurs bringing their products to every corner of the world."

ChainCatcher news, Bitcoin Ordinals browser Ord.io posted on social media X that there are rumors indicating that insiders at Coinbase have revealed that the exchange is conducting an internal security audit and regulatory compliance assessment of the Runes protocol. These claims have not yet been independently verified.