runes protocol40

what's runes protocol?

The Runes Protocol is a fungible token standard built on the Bitcoin blockchain, designed to enable the creation and management of digital tokens efficiently using Bitcoin's UTXO model and OP_RETURN opcode. Created by Casey Rodarmor, it aims to bring speculation, memecoins, and fungible assets to Bitcoin without relying on Ordinals or inscriptions, making it simple, secure, and native to Bitcoin's architecture. Runes supports applications like tokens, NFTs, and on-chain data embedding while addressing miner revenue by increasing transaction fees. It competes with other standards like BRC-20 by offering a more efficient alternative for Bitcoin-based assets. Despite initial hype, the protocol's total market cap for Runes tokens remains modest, with key examples including $DOG and $PUPS.

Snapshot

Morgan Stanley's SEC filing mentions Runes protocol; Odin smart contract audit completed.

6D ago
REGULATORY

Morgan Stanley filed a registration statement with the SEC that mentions the Runes protocol.

1W ago
TECH EVENT

Completed audit on Odin smart contract changes including community fee distribution, liquidity fees on external tokens, and additional fixes.

RISK ALERT

Experienced indexing issue causing ord instances to exit unexpectedly, resulting in temporary halt of Runes indexing data updates with recovery expected to take several hours starting January 1, 2026.

ONCHAIN METRICS

Bitcoin OP_RETURN outputs created in 2025 dropped by 47% year over year, reflecting decreased interest in the protocol that launched in 2024.

3W ago
PARTNERSHIP

Integrated with Ordinals scrapyard, enabling users to sell Runes for 1 SAT for tax loss realization purposes.

1M ago
MARKET ACTIVITY

Support ends on Brotocol platform on January 31, 2026, after which assets will no longer be accessible.

Meme Dealer, a Runes launchpad, closes all swaps and DAO operations immediately citing "almost zero new demand for new Runes tokens," initiating near-full refund process for all users with deposits and withdrawals remaining open for 6 months.

Udi Wertheimer publicly supports erasing Bitcoin inscriptions and declares ordinals and runes were mistakes, amid allegations he collected ~800 BTC through Quantum Cats and Taproot Wizards before actively criticizing Runes bags held by those same funders.

A proposal called "cat" aims to burn all Runes, Ordinals, and BRC-20s from Bitcoin, with developers actively working on implementation and seeking resources.

Beyond Tech enables tri-directional native swaps between Runes and BRC-20s in single L1 transactions without wrappers or sidechains, providing atomic composability on Bitcoin base layer.

Ryder_ID adds support for Runes and Ordinals through xverse infrastructure integration.

Arch protocol enables Runes and Ordinals applications to manage collateral and financial logic on Bitcoin through ArchVM execution environment and Titan mempool indexer for lending and structured financial workflows.

World class investor Mark Yusko publicly endorses Runes and inscriptions on Bitcoin in Wealthion interview, stating blockchains should not have dependencies on AWS.

Beyond Tech's native $BYD token distribution enters final 5-day window with only 2 percent of total supply remaining.

Beyond Tech connects to 140+ blockchains (up from 80+) and has backing from Animoca, BitGo, and BNB Chain.

Beyond Tech supports 500+ assets and integrates LayerZero messaging for routing, with bBTC wrappers enabling interoperability between BRC-20, Runes, and Taproot Assets on Bitcoin.

Management tool launches for Ordinals, runes, TAP and BRC-20 with features including quick avatar/SNS switching, inscription quickview, sales tracking, UTXO management, and quick listings functionality.

Beyond Tech reaches 200+ partners before expansion phase, with cross-chain bridging infrastructure connecting Bitcoin assets to Solana, Base, CORE, and Bitlayer.

Beyond Tech's cross-chain infrastructure supports 80+ chains and L2s, with capability to move USDT, ETH, and SOL onto Bitcoin L1.

New tooling releases within one week to address management complexity for Ordinals, runes, TAP and BRC-20 tokens.

@beyond__tech announces mainnet launch in Q4 for its cross-chain bridging infrastructure that connects Bitcoin with other chains.

Beyond Tech operates Epoch 1 on Wallchain platform with 19 days left, expanding Bitcoin standard support to include rings and atomicals alongside BRC-20, Runes, and TAP.

@beyond_tech offers Runes lending as part of its DeFi infrastructure on Bitcoin, alongside BRC-20 swaps and cross-chain liquidity functionality.

@beyond__tech enables native swaps between BRC-20, Runes and TAP token standards, with cross-chain BTC liquidity routing in single transactions powered by LayerZero.

@beyond__tech builds bridging infrastructure that enables assets from 70+ chains to be bridged to Bitcoin L1 as Runes or BRC-20 tokens, and allows native $BTC usage on Uniswap, Aave, and Jupiter across chains.

A burn mechanism launches allowing Runes holders to exchange their tokens for $PILL by Orange Pill on BTC as part of a token unification program.

2M ago

ZapApp cross-chain solution launches in 12 hours, enabling easier access to buy Runes tokens including $DOG with one click.

A Runes ETF is available on Kraken exchange.

$billy becomes top cat-themed asset on Bitcoin as Runes catches recent bids, with market participants observing recovery in the Bitcoin ecosystem.

Liquidium.wtf processes over $507M in loan volume across 115,000+ loans with $9.2M+ paid in interest, providing native Bitcoin L1 lending for Runes and Ordinals.

Runes has the largest combined market cap among Bitcoin token standards. Beyond Tech integrates Runes into their multi-standard DeFi infrastructure supporting cross-standard movement on Bitcoin L1.

Token metaprotocols including Runes are down -80% from peak but continue to represent over 1/3 of all Bitcoin transactions this year.

Runes account for nearly 50% of all Bitcoin transactions over the past 3 months, with more than 50% transaction share on many days.

Arch Network and Proof of Mud plan to build their marketing from day one around the Ordinals and Runes ecosystem with strong incentives for long-term community engagement.

The protocol reaches 200,000 Runes issued on Bitcoin.

Spark protocol records more trading volume in 30 minutes than Runes protocol accumulated in an entire year.

The Pizza Ninjas community creates a 3.99MB Bitcoin transaction with a 0.04 BTC miner fee and posts it to GitHub as a technical demonstration proving Runes and Ordinals cannot be censored despite Bitcoin Knots' relay filters, directly challenging the censorship initiative from 2025-10-27.

RuneX ecosystem launches Meme Dealer platform live today.

Luke Dashjr plans Bitcoin fork to censor Runes and Ordinals protocols, warning that rejecting the softfork may subject entities to legal or moral consequences.

Coinbase receives $DOG spot listing application and actively reviews the token through their new "Blue Carpet" listing process with direct communication established between Coinbase's listing team and $DOG representatives.

Arch Network completes $20M in funding at $200M valuation ($7M seed + $13M Series A) backed by Multicoin Capital, Pantera Capital, and CMS Holdings. Testnet attracts 40K+ users, 25+ live protocols, and 330K+ signups since November 2024 launch.

Arch Network raises $13m in funding with backing from Pantera to build ArchVM infrastructure that enables native Runes and Ordinals applications on Bitcoin.

ArchVM introduces native programmability to Bitcoin, enabling developers to write apps in Rust that use Runes and Ordinals directly on the base layer.

Runes protocol version 2.0 is now live.

Kraken exchange lists $DOG token with zero listing fees and supports the Runes ecosystem.

3M ago

New Runes strategy token $NODESTR launches and generates $189,769 in trading fees within its first 24 hours, with the amount equivalent to purchasing 37 NodeMonkes NFTs.

A Bitcoin Runes token will be featured on the rear wing of an F1 car during this weekend's race, marking a major mainstream marketing partnership and visibility opportunity.

DOG token gains 15% in price movement.

Multiple rune tokens experience significant price surges today, with RAD gaining 39.4%, GIZMO up 34.6%, and MIM rising 20.7%.

Leaked messages reveal Bitcoin Knots developer plans to hard fork Bitcoin with centralized multisig controls to retroactively censor Ordinals and Runes transactions.

Total market cap of all tokens reaches $315M, with DOG maintaining $237M market cap while PUPS sits at $12M. Related Ordinals NFTs decline 90% from previous highs.

4M ago

Creator rodarmor appears on The Ordinal Show to discuss active censorship attempts against the protocol and Bitcoin Knots filtering issues.

Long-dormant BTC whales initiate large-scale selling in millions/billions range, bypassing new protocols.

New staking protocol and cross-chain DeFi expansion announced for later this year.

Exclusive conference in Hong Kong tomorrow attracts over 1,000 participants.

New memecoin $RAD surges 44% to $1.4M market cap ATH

Network fees drop 80%+ with 15% of blocks now free (≤1 sat/vB), indicating significant decrease in network congestion.

Magic Eden marketplace records critically low $2500 hourly trading volume.

New scam alert: Taproot Alpha project identified as potential fraud scheme with warning against following prominent figure's recommendations.

Market manipulation alert: Notable figure attempts to incite token-vs-token competition ("PvP") among listed assets, while community maintains unified stance against artificial rivalry.

5M ago

$PUPS token secures first tier-1 exchange listing on Kraken

$MIM token surges 62.2% following Elon Musk repost, while Coinbase listing remains uncertain.

New Runes tokens receive Kraken exchange listing, expanding market access.

Protocol upgrades to version 2.0 with successful first token mint completed.

Active participation in runes drops to critical level with only 34 users remaining, while related poll attracts 10,000 votes, indicating severe adoption challenges.

New Arch integration enables programmability, composability, and instant execution features.

Motocat Racing Club launches with exclusive access for $DOG and Runestone holders, featuring upcoming raffles and LeonidasNFT collaboration.

$600M capital outflow to PUMP presale matches 15-month cumulative on-chain volume, indicating significant ecosystem drain.

New trading infrastructure deployment includes aggregators, trustless virtual liquidity pools, and AMM interfaces.

6M ago

New mandatory purchase requirement implemented for golden bull participation, creating forced buy pressure.

New non-$DOG rune listing on Kraken triggers 75% price surge.

Tier-1 exchange OKX promotes $DOG token across social media platforms.

Usage drops 99% from peak, with market share falling from 82% to 2% of Bitcoin transactions.

Kraken exchange completes listing of Runes protocol.

Runes protocol contributes 2,800 BTC ($300M) in miner fees within first year of operation.

Network activity for native Bitcoin protocols hits 18-month low with 350,000 daily transactions, down 50% from peak of 700,000, indicating significant cooling of protocol activity.

Major trading platform for protocol lacks security audit and has experienced two exploits, one capable of draining all BTC holdings.

Aggregated liquidity feature now live across platforms, while DEXs and CEXs compete for $DOG deposits.

Major infrastructure upgrade enables cross-chain trading on Bitcoin L2s, Solana, ICP, and NEAR, with 30+ CEX integrations including upcoming Kraken listing.

New protocol upgrade (Alkanes) introduces programmability features as next evolution.

Active market manipulation detected with multiple wallets mass creating tokens and dumping within seconds for quick profits.

7M ago

Trading resumes after Cloudflare outage with all funds secure; system operating at reduced speed.

Technical issues affecting Ordinals and Runes protocol; trading suspended with affected funds to be recovered.

$MIM token secures spot listing on Biconomy exchange

New DEX platform ODIN•FUN launches first wave of trading pairs on June 18, implementing Uniswap V2 AMM protocol and seeking liquidity providers for BTC pairs.

New protocol layer Alkanes launches with $MIST token, introducing gamification mechanics through stealth mint and luck-based distribution system led by established developers @0xBunzy and @hathbanger.

New bridged token $GIZMO launches on Solana, marking first cross-chain implementation beyond Bitcoin.

Security breach detected: Jan's account compromised, trading interactions warned against.

Major stakeholder signals upcoming liquidity pool manipulation and aggressive market moves.

Current on-chain metrics reveal dominant market position with 41.7 BTC in protocol fees over 3 months, surpassing BRC-20 tokens (35.2 BTC) and Ordinals (6.2 BTC).

Kraken development team integrates Runes and prepares $DOG listing, while Starknet launches USDC stablecoin Rune on Bitcoin L1, establishing major institutional backing and stablecoin infrastructure.

Notable insider accumulation detected while maintaining bearish public messaging

Slingshot integrates with Trump Wallet, enabling direct TRUMP to Runes swaps

Multiple platforms including Magic Eden, Dotswap, OdinFun, Saturn, and Hyper Mall compete for dominance in trading infrastructure, with additional unannounced teams entering the market.

Negative founder publicity triggers -6.87% price movement

Community developer launches 29 Bitcoin AI tools for automated information access about Ordinals, Runes, and BRC20.

New fiat on-ramp enables purchases through Apple Pay, Venmo, and PayPal via moonpay and SatGoBTC integration.

Six new DEX-style applications launching in Q3 2025, featuring execution layers, fiat on/off ramps, and AMMs, with $DOG community influence determining market leadership.

Emerging as leading Bitcoin DeFi protocol with organic growth and zero external funding.