Bitcoin Network Transactions Plummet! Inscription Fever Subsides, DeFi Lukewarm, Where Is the Way Out? According to , on June 20, Bitcoin network transaction activity dropped to an 18-month low! The 7-day average transaction volume has been reduced to just 316,000 transactions, directly halving from the mid-2024 peak of 700,000 transactions! The average transaction fee has dropped to $1.5, and Block space competition has returned to "calm". Runes and Ordinals, Bitcoin native protocols, once sparked a Non-Fungible Token and token craze, bringing "Ethereum-style" innovation to BTC. However, as speculators shift to other blockchain ecosystems, these applications are gradually fading from view. BTC's DeFi has also not been as hot as expected. What is the future path of Bitcoin? Is it dormant or gathering momentum? What do you think? #Bitcoin #BTC #Inscriptions