Alkanes Asian Market Drove 61% of Bitcoin Transactions for 90 Days, SUBFROST Data Shows
By Juan Galt
AI summary of the source article
According to data published by protocol maintainer SUBFROST, transactions for the Bitcoin metaprotocol Alkanes accounted for 61.1% of all Bitcoin transactions between June 23 and September 20. The activity, driven largely by users in the Asia Pacific region, was primarily tied to DIESEL mint operations. The protocol builds on top of Runes and represented 40.3% of Bitcoin block space by weight during the tracked window.