RUNES - BITCOIN'S NEW FUNGIBLE TOKEN STANDARD

Summary from the TLDR Crypto newsletter

Franklin Templeton Digital Assets highlights the upcoming Runes standard and its significance for Bitcoin. After the success of Ordinals, which has a market cap of around $2 billion, creator Casey Rodarmor is introducing Runes as a more efficient version of BRC-20 tokens that better uses Bitcoin's UTXO design. Specifically, Runes will be entirely onchain, Lightning network compatible, and will not require wasted UTXO transactions. Bitcoin's current fungible token market cap is $600 million, but the adoption of Runes could drive it higher.