比特幣交易費用在減半後暴跌至與以太坊相同的水平

在比特幣減半和 Runes 協議推出後的最初飆升之後，每日比特幣交易費用已恢復到與以太坊類似的水平。比特幣交易費用的 7 日移動平均值最高為 2,580 萬美元，但此後已降至 410 萬美元，與以太坊的每日平均交易費用相當。同樣，比特幣的平均個人交易費用已達到 40 美元的高位，目前已穩定在 8.60 美元，仍然是以太坊平均交易費用的兩倍。這一下降與符文相關交易活動的減少同時發生，這在很大程度上導致了初始費用的飆升。

Bitcoin Transaction Fees Plummet Post-Halving, Equaling Ethereum Levels

比特幣交易費用減半後暴跌，與以太坊水平持平

As the frenzy surrounding the launch of the Runes protocol subsides, the average daily transaction fees for Bitcoin (BTC) have plummeted back down to the same level as Ethereum. This decline comes after a surge in activity and fees associated with the protocol's launch.

隨著 Runes 協議推出的狂熱消退，比特幣 (BTC) 的平均每日交易費用已暴跌至與以太坊相同的水平。這種下降是在與協議啟動相關的活動和費用激增之後發生的。

During the peak of the Runes hype on April 24th, the seven-day moving average of daily Bitcoin transaction fees reached an all-time high of $25.8 million, more than five times higher than Ethereum's fees at the time. However, this surge was short-lived, and by Wednesday, the average had fallen to $4.1 million, matching Ethereum's average.

在 4 月 24 日 Runes 炒作高峰期間，比特幣每日交易費用的 7 天移動平均值達到 2580 萬美元的歷史新高，是當時以太坊費用的五倍多。然而，這種飆升是短暫的，到週三，平均價格已降至 410 萬美元，與以太坊的平均水平相當。

Similarly, individual transaction fees on Bitcoin spiked to $40 on April 24th, ten times higher than Ethereum's fees. While these fees have since dropped to $8.60 on Wednesday, they remain more than double Ethereum's average of $3.40.

同樣，比特幣的個人交易費用在 4 月 24 日飆升至 40 美元，是以太坊費用的十倍。儘管這些費用週三已降至 8.60 美元，但仍是以太坊平均費用 3.40 美元的兩倍多。

Runes Transaction Fee Windfall Fizzles Out

符文交易費暴利消失

After Bitcoin's fourth halving, block 840,000 generated a record-breaking $2.4 million in transaction fees, far exceeding the approximate $200,000 block subsidy reward. This trend continued for an unprecedented 104-block period, where transaction fee rewards surpassed the subsidy, according to data from Bitcoin explorer Mempool.

比特幣第四次減半後，第 84 萬區塊產生了創紀錄的 240 萬美元交易費用，遠遠超過了約 20 萬美元的區塊補貼獎勵。根據比特幣瀏覽器 Mempool 的數據，這種趨勢持續了前所未有的 104 個區塊時期，其中交易費用獎勵超過了補貼。

While transaction fee rewards have since decreased, they still account for a significant 13% of total block rewards on a seven-day moving average basis, compared to around 3% before the halving.

雖然交易費用獎勵此後有所下降，但以 7 天移動平均線計算，它們仍佔區塊獎勵總額的 13%，而減半前約為 3%。

Runes Hype Fueled Transaction Fee Spike

符文炒作推動交易費飆升

Much of the recent surge in transaction fee activity can be attributed to the hype surrounding Runes, a new fungible token standard launched on Bitcoin at the time of the halving. Runes generated over $135 million in fees for miners during their first week alone.

最近交易費用活動的激增很大程度上可以歸因於圍繞符文的炒作，符文是比特幣減半時推出的一種新的可替代代幣標準。僅符文推出的第一周就為礦工帶來了超過 1.35 億美元的費用。

The Runes protocol was developed by Ordinals creator Casey Rodarmor as a more efficient solution for creating tokens on Bitcoin compared to BRC-20 tokens that use Ordinals inscriptions. Data from the Runes marketplace Unisat indicates that around 65,000 Runes tokens have been minted to date, driving up the demand for network blockspace and, consequently, transaction fees.

Runes 協議由 Ordinals 創建者 Casey Rodarmor 開發，與使用 Ordinals 銘文的 BRC-20 代幣相比，它是在比特幣上創建代幣的更有效的解決方案。來自 Runes 市場 Unisat 的數據表明，迄今為止已鑄造了約 65,000 個 Runes 代幣，這增加了對網路區塊空間的需求，從而增加了交易費用。

Among the tokens created under the Runes standard, DOG stands out as the most notable, boasting a market cap of approximately $350 million, according to data from Magic Eden.

根據 Magic Eden 的數據，在 Runes 標準創建的代幣中，DOG 最為引人注目，其市值約為 3.5 億美元。

Conclusion

結論

The recent surge in Bitcoin transaction fees has subsided, and fees have now returned to levels comparable to Ethereum. While the Runes protocol contributed significantly to the initial spike, its impact has diminished as the hype surrounding the launch has faded. Nonetheless, the halving has had a lasting impact on Bitcoin's fee structure, with transaction fees now accounting for a larger proportion of total block rewards.

最近比特幣交易費用的飆升已經消退，費用現在已恢復到與以太坊相當的水平。雖然符文協議對最初的飆升做出了重大貢獻，但隨著圍繞發布的炒作逐漸消退，其影響力也隨之減弱。儘管如此，減半對比特幣的費用結構產生了持久影響，交易費用目前在總區塊獎勵中所佔比例更大。