Crypto
Alkanes Surpasses 60% Market Share in Bitcoin Transactions
Recent data from SUBFROST shows that Alkanes transactions accounted for 61.1% of all Bitcoin transactions over a 90-day period, from June 23 to September 20.
The data also reveals that Alkanes occupied 40.3% of block space weight, 94.2% of OP_RETURN byte counts, and 13.4% of transaction fee income during the same period.
Alkanes is a Bitcoin-sidechain protocol built on top of Runes, maintained by SUBFROST for the US market, with joint founders Gabe Lee and RWP IV at the helm.