Runes transaction volume decreased by more than 84% from the historical high

The Bitcoin Runes protocol has had challenges maintaining its share of Bitcoin transactions. Since its launch on April 20, Runes transactions have dominated Bitcoin chain traffic for eight days, mostly on weekends. The Runes protocol launched in tandem with the fourth Bitcoin halving, sparking a boom that drove a surge in Bitcoin chain transactions and miner revenues to over $100 million for the first time. On April 23, Runes transactions peaked at 81.3%, but fell to 11.1% by May 2. Runes transactions picked up again over the weekend of May 4-6, but have generally been on a downward trend. As of May 22, Runes transactions accounted for 12.7%, far higher than Bitcoin Ordinals (0.7%) and BRC-20 (1.5%). Runes transactions are down more than 84% since their all-time high. (Cointelegraph)