Odin.fun, from the founders of Bitcoin ordinals marketplace Bioniq, seeks to promote Runes with a better marketplace and launchpad.

Magic Eden and Mintify are competing, while Satflow quietly builds in beta.

Controversy erupted after mempool.space added a feature that allows users to know if a transaction includes a Rune.

Runes are up multiples over the last week as traders move to acquire memecoins and other Bitcoin ecosystem assets.

The additional reward is for users who purchase NFTs through the Magic Eden mobile wallet.

Runes have accounted for less than 50% of Bitcoin transactions in only nine of the past thirty days. Meanwhile, interest in Ordinals has plummeted.

Bitcoin-based memecoins, known as Runes, have only been around since April this year.

Ordinals and Runes traders are falling victim to onchain front-running.

The Runes ecosystem rallied 40% on May 30, while top Ordinals collections have plummeted between 40% and 60% from their 2024 highs.

Runes’ on-chain activity and Bitcoin transaction fees dropped more than 97% in two weeks.