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A Bitcoin ‘Spam’ Takeover! Data Storage Surpassed ‘Money’ Use Case Over the Last Year

Orange Surf, in charge of research and strategy at Mempool Research, has determined that over half of all bitcoin transactions made during the last 12 months included some data-related component. 51% of all the transacti...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

A Bitcoin ‘Spam’ Takeover! Data Storage Surpassed ‘Money’ Use Case Over the Last Year
Orange Surf, in charge of research and strategy at Mempool Research, has determined that over half of all bitcoin transactions made during the last 12 months included some data-related component. 51% of all the transactions involved Runes and BRC20 tokens, which are considered “spam” by some. Spam-Filled Bitcoin: Over Half of All Transactions Included Runes […]

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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