A Bitcoin metaprotocol similar to Ordinals accounted for most Bitcoin transactions over a 90-day stretch ending in September, according to figures published by SUBFROST, which maintains the protocol.

SUBFROST said Alkanes transactions made up 61.1% of all Bitcoin transactions between June 23 and Sept. 20, covering blocks 954,917 through 967,918, or about 59.9 million transactions. In the same window, the company said Alkanes used 40.3% of block space by weight, 94.2% of OP_RETURN bytes, and 13.4% of transaction-fee revenue.

Alkanes is a Bitcoin metaprotocol that builds on top of the Runes protocol. It is maintained by SUBFROST, a U.S.-facing company led by co-founder Gabe Lee,…

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