Runes
0.01%
0.00%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
291 DOG 291Dog (Bitcoin) | $0.0006396 | 2.63% | −0.44% | 6.18% | $64.02 M | $64.02 M | $306,326.29 | |||
399 NAT 399DMT-NAT | $0.0₅11 | 11.56% | 14.43% | 6.36% | $42.69 M | $42.69 M | $529,855.00 | |||
464 ME 464Magic Eden | $0.06062 | 4.54% | −2.88% | −3.54% | $35.45 M | $60.41 M | $2.61 M | |||
1414 MIM 1414MAGIC•INTERNET•MONEY (Bitcoin) | $0.0002541 | 11.61% | 15.85% | 21.39% | $5.34 M | $5.34 M | $4,487.38 | |||
1871 UNCOMMONGOODS 1871UNCOMMON•GOODS | $0.01747 | −9.71% | −6.92% | −14.88% | $2.44 M | $2.44 M | $125.18 | |||
1894 PUPS 1894Pups (Bitcoin) | $0.002433 | 21.20% | 9.97% | 25.03% | $2.36 M | $2.36 M | $2,895.76 | |||
2513 BDC 2513Billy (Bitcoin) | $0.001059 | 4.10% | −0.14% | −31.25% | $1.06 M | $1.06 M | $2,197.06 | |||
2753 PEPE 2753PEPE (Ordinals) | $0.01931 | −0.11% | −0.75% | 24.29% | $812,352.39 | $812,352.39 | $28.32 | |||
3031 LOBO 3031LOBO•THE•WOLF•PUP (Runes) | $0.0000339 | 4.12% | −0.02% | −25.55% | $591,118.70 | $709,157.75 | $8,458.06 | |||
3327 GAMES 3327GAME•OF•BITCOIN | $0.0206 | 2.01% | −61.84% | −67.43% | $432,600.00 | $432,600.00 | $82.82 | |||
3851 GIZMO 3851GIZMO•IMAGINARY• KITTEN (Runes) | $0.0002676 | 0.91% | 1.92% | −5.74% | $267,600.00 | $267,600.00 | $133.23 | |||
4000 TRIO 4000Trio (Ordinals) | $0.01111 | 0.63% | 8.35% | −15.22% | $233,310.00 | $233,310.00 | $104,031.00 | |||
4451 WAM 4451Wam | $0.0003433 | −1.56% | −4.05% | 12.08% | $159,559.09 | $343,300.00 | $76.96 | |||
11331 PEOPLEFB 11331people (BRC-20) | $0.001903 | 0.00% | −8.14% | −76.27% | -- | $39,963.00 | $1.02 | |||
11556 🔄 11556DOTSWAP•DOTSWAP | $0.009544 | 7.15% | 8.67% | −3.37% | -- | $954,400.00 | $1.64 |
Frequently Asked Questions
What is the Runes protocol on Bitcoin?
Runes is a fungible-token protocol native to Bitcoin, proposed by Casey Rodarmor and launched at the April 20, 2024 Bitcoin halving. Runes lets users issue and trade tokens directly on Bitcoin without a smart-contract layer. Runes matters to investors as the primary Bitcoin-native fungible-token standard for speculative assets. The flagship etching, DOG•GO•TO•THE•MOON (DOG), rallied toward roughly $1B market cap in June 2024, per CoinDesk.
How do Bitcoin Runes work?
Bitcoin Runes track token balances directly in Bitcoin's UTXO model using compact OP_RETURN outputs, as small as ~80 bytes per operation. Runes avoid reliance on off-chain indexers, which reduces on-chain bloat versus inscription-based standards. This design matters because a smaller data footprint means cheaper etching and transfers when Bitcoin block space is scarce. Etching, minting, and transfer counts are the primary on-chain demand signals for Bitcoin Runes.
What makes Bitcoin Runes different from BRC-20 and Ordinals?
Bitcoin Runes store balances in native UTXO outputs, while BRC-20 stores token data through Ordinals inscriptions of up to ~4MB of witness data. Runes use OP_RETURN outputs as small as ~80 bytes, making Runes more data-efficient than BRC-20. Ordinals is the broader inscription protocol — also created by Casey Rodarmor — on which BRC-20 is built. Explainer sources including Kraken and Ledger frame Runes as the more efficient successor to BRC-20.
Which coins lead the Bitcoin Runes category?
DOG•GO•TO•THE•MOON (DOG) is the dominant asset in the Bitcoin Runes category and the flagship Runes etching, distributed partly via an airdrop to Ordinals holders. MAGIC•INTERNET•MONEY (MIM) and Pups (PUPS) rank among the prominent early meme etchings. Magic Eden (ME) is listed as marketplace and wallet infrastructure rather than a meme etching. The category also carries adjacent Ordinals and BRC-20 assets such as PEPE (Ordinals) and people (BRC-20).
How is the Bitcoin Runes category measured by market cap?
Analysts measure the Bitcoin Runes category with market cap, 24h and 7d trading volume, and etching, mint, and transaction activity. TVL is not a meaningful metric for Runes — Runes tokens are not DeFi-native and mostly lack protocol-level TVL, so aggregate TVL should not be treated as a category KPI. Runes data is fragmented across marketplaces and aggregators, so figures read as source ranges rather than precise universals. Magic Eden marketplace flow is a practical secondary signal for liquidity.
What are the risks of investing in Bitcoin Runes?
Bitcoin Runes carry heavy concentration risk — a small number of assets, led by DOG, dominate category market cap, so category health skews toward one token. Runes demand is speculative and meme-driven with limited utility, and liquidity concentrates on a narrow set of marketplaces. Etching and transfer costs rise with Bitcoin block-space demand, adding fee-market exposure. Buyers should note that RUNE (THORChain) is a separate L1 asset, unrelated to Bitcoin Runes.
Where can traders buy Bitcoin Runes?
Bitcoin Runes trade primarily on Bitcoin-native marketplaces and wallets, with Magic Eden (ME) listed as the dominant venue for Runes and Ordinals assets. Trading Bitcoin Runes requires a Runes-aware wallet, since Runes settle in Bitcoin UTXOs rather than on a smart-contract chain. Liquidity concentrates on a narrow set of marketplaces — a liquidity-risk signal worth monitoring. Marketplace and wallet UX maturation is a catalyst to watch for the Bitcoin Runes category.
How to track Bitcoin Runes projects on DropsTab?
DropsTab tracks 15+ Bitcoin Runes, Ordinals, and BRC-20 assets on the Runes category page, including DOG, MIM, PUPS, and Magic Eden (ME). The category scanner filters these assets by market cap and trading volume for side-by-side comparison. Drops Bot alerts flag price moves on individual Runes assets. Because Runes data is fragmented across sources, an aggregated category view helps compare the concentrated leaders against smaller etchings.