比特幣交易費用創下歷史新高，反映區塊空間需求不斷上升

比特幣交易費用最近飆升至史無前例的8000 萬美元，超過了2017 年創下的紀錄。爭論。

Bitcoin Transaction Fees Surge to Record Highs, Signaling Increased Demand for Block Space

比特幣交易費用飆升至歷史新高，顯示對區塊空間的需求增加

Bitcoin (BTC) miners are reaping the rewards of the recent halving, as transaction fees have skyrocketed to unprecedented levels. On April 20th, BTC fees reached a record high of over $80 million, eclipsing the previous peak set in 2017.

隨著交易費用飆升至前所未有的水平，比特幣（BTC）礦工正在收穫最近的減半回報。 4 月 20 日，BTC 費用創下超過 8,000 萬美元的歷史新高，超過了 2017 年創下的高峰。

According to Lucas Outumuro, Head of Research at IntoTheBlock, the daily fee revenue of $80 million is approximately four times higher than the previous all-time high set in December 2017. The average BTC transaction fee stood at a staggering $128, dwarfing the $30 peak reached during the first Ordinals frenzy.

IntoTheBlock 研究主管 Lucas Outumuro 表示，每日手續費收入為 8,000 萬美元，約為 2017 年 12 月創下的歷史新高的四倍。一屆樞機主教狂熱期間達到。

The surge in transaction fees has ignited a debate on the demand for block space between Ethereum (ETH) and Bitcoin networks. A pseudonymous crypto analyst pointed out that BTC's higher-than-normal average fees of $128 indicate that the Bitcoin network currently has more demand for block space than Ethereum.

交易費用的飆升引發了關於以太坊（ETH）和比特幣網路之間區塊空間需求的爭論。一位匿名加密貨幣分析師指出，BTC 的平均費用高於正常水平 128 美元，這表明比特幣網路目前對區塊空間的需求比以太坊更大。

"The average fee to send value on the Ethereum network is about $0.50 right now (single digits gwei). On the Bitcoin network, it's $20. That's a 40x difference in demand for BTC blockspace. Huge alpha there," the analyst stated.

「目前在以太坊網路上發送價值的平均費用約為0.50 美元（個位數gwei）。在比特幣網路上，這筆費用為20 美元。這與BTC 區塊空間的需求相差40 倍。這是巨大的阿爾法，”分析師表示。

However, it's important to note that the spike in BTC fees coincided with the launch of Runes Protocol, a new Bitcoin fungible token standard. Adriano Feria, another industry observer, downplayed Bitcoin's higher fees and attributed them to the shortcomings of the Lightning Network (LN) and the lack of viable alternatives.

然而，值得注意的是，比特幣費用的飆升與符文協議（一種新的比特幣可替代代幣標準）的推出同時發生。另一位產業觀察家阿德里亞諾·費裡亞（Adriano Feria）淡化了比特幣較高的費用，並將其歸因於閃電網路（LN）的缺點和缺乏可行的替代方案。

"BTC's fees are still $20 because LN (Lightning Network) is garbage, and there are no other alternatives," Feria said.

「BTC 的費用仍然是 20 美元，因為 LN（閃電網路）是垃圾，而且沒有其他選擇，」Feria 說。

Feria also highlighted that Ethereum's introduction of blobs has shifted demand to layer-2 (L2) solutions.

Feria 也強調，以太坊引入 blob 已將需求轉向第 2 層 (L2) 解決方案。

"Demand for transactions secured by ETH are at an ATH, but they are just shifting to L2s," Feria explained.

Feria 解釋說：“對 ETH 擔保的交易的需求已經達到了 ATH，但它們只是轉向了 L2。”

Despite these observations, other analysts and executives anticipate that Bitcoin transaction fees will continue to rise as Runes Protocol gains traction and BTC L2s heat up. Outumuro attributed the impact of Runes on BTC fees to its ability to generate high-fee transactions.

儘管有這些觀察結果，其他分析師和高層預計，隨著 Runes Protocol 的吸引力和 BTC L2 的升溫，比特幣交易費用將繼續上漲。 Outumuro 將 Runes 對 BTC 費用的影響歸因於其產生高費用交易的能力。

"24 hours after the halving, inflationary rewards have dropped by 50%, but transaction fees spiked 1,200% due to Runes. Miners made a record $100M+ in revenue on 4/20," Outumuro said.

「減半後 24 小時，通貨膨脹獎勵下降了 50%，但由於符文，交易費用飆升了 1,200%。4 月 20 日，礦工收入創紀錄地超過 1 億美元，」Outumuro 說。

Currently, Runes Protocol is dominated by memecoins. However, the upcoming Nakamoto upgrade to Stacks (STX), a Bitcoin layer-2 scaling solution, is expected to further fuel activity and fees on the network.

目前，符文協議以模因幣為主。然而，中本聰即將對 Stacks（STX）（一種比特幣第 2 層擴展解決方案）進行升級，預計將進一步推動網路上的活動和費用。

"Remember when we told you that Bitcoin fees will do a 500x? Yeah, we've been working on Bitcoin L2s for a reason. Happy halving, everyone! Next stop, Nakamoto," said Ali Muneeb, co-founder of Stacks.

Stacks 聯合創始人Ali Muneeb 表示：「還記得我們告訴過你比特幣費用將增加500 倍嗎？是的，我們一直致力於比特幣L2 的開發是有原因的。大家減半快樂！下一站，中本聰。

Merlin Chain, another BTC L2, went live on April 19th and now leads in terms of Total Value Locked (TVL) according to DefiLlama data.

另一種 BTC L2 的 Merlin Chain 於 4 月 19 日上線，根據 DefiLlama 的數據，目前在鎖定總價值（TVL）方面處於領先地位。

If the BTC L2 ecosystem reignites interest in the network, transaction fees could remain elevated. This surge in fees signals an increased demand for block space on the Bitcoin network and underscores the potential for further growth in the BTC L2 ecosystem.

如果 BTC L2 生態系統重新激發人們對網路的興趣，交易費用可能會繼續上漲。費用的激增標誌著比特幣網路上區塊空間的需求增加，並強調了 BTC L2 生態系統進一步增長的潛力。