According to Deep Tide TechFlow news on June 20, The Block reported that Bitcoin network transaction activity has fallen to its lowest level in 18 months, with the 7-day moving average transaction volume dropping to 316,000 last week, currently slightly rebounding to about 350,000. This figure starkly contrasts with the daily 700,000 transactions during the peak period of Bitcoin's native protocol application in mid-2024.



The sharp decline in volume reflects the cooling of speculative activities surrounding Bitcoin native protocols like Runes and Ordinals. These protocols, which once brought Ethereum-like application functionalities to Bitcoin, have gradually faded from mainstream attention, as traders' interests shift towards other blockchain ecosystems that more natively support such activities.
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