符文協議炒作後比特幣交易費用暴跌

減半後，比特幣交易費用飆升至 128.45 美元的歷史新高，但第二天迅速降至 3,480 萬美元。最初的激增歸因於符文協議的推出，該協議用於在區塊鏈上創建類似 NFT 的“銘文”，但它未能抵消礦工的收入損失，導致費用隨後下降。

Bitcoin Transaction Fees Plummet after Surge Driven by Runes Protocol Introduction

Runes 協議介紹推動比特幣交易費用飆升

On Sunday, April 21, the average Bitcoin transaction fee witnessed a significant decline to $34.8 million, following a record high of $128.45 on Saturday, April 20. This marked a sharp drop from the previous day's peak, attributed to the implementation of the Runes Protocol.

繼 4 月 20 日星期六創下 128.45 美元的歷史新高後，4 月 21 日星期日，比特幣平均交易費用大幅下降至 3480 萬美元。

Data from YCharts confirmed the plunge in transaction fees to $34.8 million on April 21, a notable decrease from $81 million recorded on April 20. The surge in transaction fees had coincided with the highly anticipated Bitcoin halving, during which the block reward for miners was reduced by half.

YCharts 的數據證實，4 月21 日交易費用暴跌至3,480 萬美元，較4 月20 日記錄的8,100 萬美元大幅下降。塊獎勵減少減半。

The brief spike in fees was primarily attributed to the introduction of the Runes Protocol, a new token standard akin to ERC-20s. This led to a surge in transaction fees as individuals rushed to create "meme coins" on the Bitcoin blockchain.

費用的短暫飆升主要歸因於 Runes 協議的引入，這是類似於 ERC-20 的新代幣標準。隨著個人爭相在比特幣區塊鏈上創建“模因幣”，這導致交易費用激增。

Runes, launched simultaneously with the halving at block height 840,000, was designed to boost on-chain activity. It allows users to embed NFT-like inscriptions on the Bitcoin blockchain and enables the creation of tokens on Bitcoin, akin to functionality offered on platforms like Solana and Ethereum.

Runes 與區塊高度 840,000 減半同時推出，旨在促進鏈上活動。它允許用戶在比特幣區塊鏈上嵌入類似 NFT 的銘文，並能夠在比特幣上創建代幣，類似於 Solana 和以太坊等平台上提供的功能。

Existing standards like BRC-20 and SRC-20, based on the Ordinals theory, could lead to a proliferation of unspent transaction outputs (UTXOs), potentially spamming the Bitcoin network. To address this concern and create a sustainable token creation method, Runes was announced by Rodarmor in September 2023.

基於序數理論的現有標準（例如 BRC-20 和 SRC-20）可能會導致未花費交易輸出（UTXO）激增，從而可能對比特幣網路造成垃圾郵件。為了解決這個問題並創建可持續的代幣創建方法，Rodarmor 於 2023 年 9 月宣布了 Runes。

Runes Protocol Fails to Offset Revenue Losses for Bitcoin Miners

Runes 協議無法抵銷比特幣礦工的收入損失

Despite the excitement surrounding the Runes Protocol, the "hash price" index—a metric used to gauge miner earnings per unit of hash rate—plummeted from approximately $183 per hash/day to $81 following the halving. These figures fell below pre-halving levels, indicating a decline in miner revenue.

儘管 Runes 協議令人興奮，但「哈希價格」指數（用於衡量礦工每單位哈希率收入的指標）在減半後從每個哈希每天約 183 美元暴跌至 81 美元。這些數字低於減半前的水平，顯示礦商收入下降。

Bitcoin miners had anticipated reduced revenue following the halving, but had hoped that the Runes protocol would mitigate these losses. However, the floor prices for the Runestone NFT collection plummeted nearly 50% in 24 hours, dropping to around 0.0364 BTC, according to data from Magic Eden.

比特幣礦工原本預計減半後收入會減少，但希望符文協議能減輕這些損失。然而，根據 Magic Eden 的數據，Runestone NFT 系列的底價在 24 小時內暴跌近 50%，跌至 0.0364 BTC 左右。

In contrast, ordinal collections such as Bitcoin Puppets and NodeMonkes experienced increases of 15% and 9.5%, respectively, over the same period.

相較之下，Bitcoin Puppets 和 NodeMonkes 等有序集合在同一時期分別成長了 15% 和 9.5%。