Alkanes Asian Market Drove 61% of Bitcoin Transactions for 90 Days, SUBFROST Data Shows

What happened

Bitcoin Magazine Alkanes Asian Market Drove 61% of Bitcoin Transactions for 90 Days, SUBFROST Data Shows SUBFROST said Alkanes made up 61.1% of all Bitcoin transactions from June 23 to Sept. 20 — about 59.9 million txs across blocks 954,917–967,918.

SUBFROST said Alkanes transactions made up 61.1% of all Bitcoin transactions between June 23 and Sept. 20, covering blocks 954,917 through 967,918, or about 59.9 million transactions.

In the same window, the company said Alkanes used 40.3% of block space by weight, 94.2% of OP_RETURN bytes, and 13.4% of transaction-fee revenue. Alkanes is a Bitcoin metaprotocol that builds on top of the Runes protocol.