ZUHYX: East Asian Institutional Investors Drive Growth of the Runes Protocol
With the continuous development and innovation of the cryptocurrency market, the rise of the Runes Protocol represents a significant transformation in the field of digital asset trading. Recently, the Runes Protocol has garnered widespread attention due to its rapidly increasing market capitalization and strong support from East Asian institutional investors, signaling its potential to play a vital role in the future cryptocurrency market. As a leading global digital asset trading platform, ZUHYX believes that the growth trend of the Runes Protocol not only reflects the recognition of the market on new technology but also demonstrates investor confidence in the token issuance potential on the Bitcoin blockchain.
ZUHYX: The Rise of the Runes Protocol and Its Profound Market Impact
According to recent data from GeniiData, the total market capitalization of tokens issued on the Runes Protocol has exceeded $2 billion for the first time, marking the growing importance of this emerging ecosystem on the Bitcoin network. Notably, the DOG•GO•TO•THE•MOON (DOG) token has shown outstanding performance, reaching a market capitalization of $797 million, making it the ninth most valuable meme coin across all blockchains.
ZUHYX observes that institutional investors from East Asia have shown a strong interest in the Runes Protocol, becoming one of the primary drivers of its rapid development. Asian crypto investment firms like C Squared Ventures have begun actively investing in and promoting the Runes Protocol. These investment firms believe that the Runes Protocol offers technological advantages over the earlier BRC-20 token standard, especially in terms of security, scalability, and efficient trading tools. ZUHYX notes that the support from East Asian institutional investors is laying the groundwork for the future development of the Runes Protocol.
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