After five months of "cooling off", we have finally entered the third wave of Bitcoin ecology

The third wave of Bitcoin ecology has begun.

Starting from the get-rich-quick effect caused by $ORDI in March last year, the Bitcoin ecology experienced a five-month "cooling-off period" after the first wave of inscriptions in May and the second wave of inscriptions in November-December. Now we have finally entered the third wave of Bitcoin ecology, which can be clearly seen from the gas fee.

Observing Ethereum, its transaction fees (gas fees) have shown a downward trend since April, usually maintaining around 20 Gwei. Especially since April 13, except for the peak period of NFT casting, the gas fee is often lower than 20 Gwei, often in the single digit.

Ethereum Gas Fee Trend

On the other hand, Bitcoin's transaction fees (gas fees) have clearly shown an upward trend since April 9. As the halving event approaches, there are still 586 blocks to complete the halving, and Bitcoin's gas fee has stabilized at about 50 Gwei. During the peak period of NFT rush, gas fees often soared to around 130 Gwei.

Bitcoin Gas Fee Trend

In addition to the surge in gas, we can also see that there are already multiple Runes protocol-related projects in the market that have begun to start the warm-up phase. Since the official version of the Runes protocol has not yet been released, there are currently no official Runes runes on the market; many projects are still promoted in the form of Bitcoin NFTs. It is expected that with the launch of the official protocol, these projects will be converted into official runes through airdrops or 1:1, and officially integrated into the Runes ecosystem.

Among them, the hottest topic is the Runes concept, especially Runestone, which has a market value of US$640 million, which has caused its floor price to soar to 0.074BTC, surpassing BAYC and becoming the second largest project in the NFT market. Related reading: "The elephant dances", why can Runestone's market value exceed BAYC? "

In addition, users who participated in the pre-mining of Bitcoin Runes tokens early on also made a lot of money. RSIC already has a trading market on the over-the-counter OTC platform whales.market, with the buyer's price mainly concentrated at 0.01u, corresponding to a total market value of 210 million US dollars. Early participants can easily make $10,000 before the halving. Related reading: " Unveiling the pre-mining of Bitcoin Runes tokens, how much can early participants earn? "

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