With Runes turning one week old, I wanted to see how they have been performing and what market dynamics are emerging in this new meta-token. I was initially excited about Runes, but as their launch was so telegraphed, I figured the reaction to it would be muted, as the market had probably priced in the excitement around Runes far in advance of their launch. However, there has been a flurry of activity since their launch, with some interesting trends emerging. 

Runes So Far

In one week, users etched more than 11K Rune tokens into Bitcoin. As we are in phase 1 of Runes, these tickers are all 12+ characters. But, regardless of the length, people are rushing to etch a wide range of tickers like Super M