Runes Protocol's Total Market Value Drops to $925 Million One Month After Mainnet Launch

According to PANews, data from GeniiData reveals that one month after the mainnet launch of the Runes Protocol, the total market value of the Runes ecosystem has fallen to $925 million. Among the ecosystem, DOG•GO•TO•THE•MOON holds the highest market value of $256.16 million, followed by PUPS•WORLD•PEACE with a market value of $158.75 million, and RSIC•GENESIS•RUNE in third place with a market value of $158.27 million.

Previously, Casey, the founder of Ordinals and the Runes Protocol, had jokingly stated that if the market value of the Runes ecosystem did not reach $1 billion within a month of its launch, he would be prepared to commit harakiri. However, GeniiData's data shows that the highest point the Runes ecosystem's total market value reached was $998.6 million on May 9, falling short of the $1 billion mark.