SUBFROST Data: Alkanes Accounts for 61.1% of Bitcoin Transaction Volume Over 90 Days

Data from SUBFROST, the maintainer of the Bitcoin meta-protocol Alkanes, shows that Alkanes transactions accounted for 61.1% of all Bitcoin transactions—approximately 59.9 million transactions—between June 23 and September 20. During this 90-day period, Alkanes represented 40.3% of block space weight, 94.2% of OP_RETURN bytes, and 13.4% of transaction fee revenue. Alkanes is a meta-protocol built on the Runes protocol that utilizes WebAssembly for contract code, with execution handled by the independent indexer Metashrew.