The Impact of High Fees and Runes Excitement on Bitcoin Active Addresses
Tuesday, 14 May 2024, 21:46
Analysis of Bitcoin Active Addresses Decline
The recent decline in Bitcoin active addresses has puzzled experts, with high fees being considered as a leading cause.
Contributing Factors
- High Fees: The cost of transactions has been a significant deterrent for users, impacting network activity.
- Runes Excitement: The rise in interest towards Runes has diverted attention and influenced Bitcoin's address usage.
While high fees might have initiated the decline, Runes' impact cannot be overlooked, suggesting a complex interplay of factors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.