符文減半後的影響：比特幣網路費用激增和下降

比特幣減半後，符文交易量激增，網路費用一度飆升，減半當天符文交易量佔交易量的 57.7%。然而，這種主導地位已經減弱，與減半後的高點相比，費用顯著下降了 75%。

Runes Post-Halving Impact on Bitcoin Network Fees: A Comprehensive Analysis

符文減半後對比特幣網路費用的影響：綜合分析

Introduction

介紹

The implementation of the Bitcoin halving event on April 20, 2024, brought significant changes to the network's fee structure. The introduction of the Runes protocol, designed to enhance tokenization on Bitcoin, initially led to a surge in transaction fees. However, recent data reveals a substantial decline in fees as the initial hype surrounding Runes subsides.

2024 年 4 月 20 日比特幣減半事件的實施為網路的費用結構帶來了重大變化。旨在增強比特幣代幣化的符文協議的引入最初導致了交易費用的飆升。然而，最近的數據顯示，隨著圍繞符文的最初炒作消退，費用大幅下降。

Runes' Dominance Post-Halving

減半後符文的統治力

On the day of the halving, Runes transactions accounted for an overwhelming 57.7% of all Bitcoin network activity. This dominance persisted over the subsequent weekend, with Runes maintaining a majority share of the network. The high volume of Runes transactions resulted in elevated mining fees, generating a cumulative revenue of $117 million post-halving. Notably, $62.4 million was amassed on the day of the halving itself.

減半當天，符文交易占所有比特幣網路活動的壓倒性 57.7%。這種主導地位在接下來的周末持續存在，符文保持了網路的大部分份額。大量符文交易導致挖礦費用上漲，減半後累積收入達 1.17 億美元。值得注意的是，減半當天就籌集了 6,240 萬美元。

Fee Decline and Long-Term Impact

費用下降和長期影響

However, this surge in fees proved short-lived. By April 28, Runes transactions had dwindled in volume, contributing only $1.03 million in fees. This represents a stark 99% decline from the post-halving peak. Medium-priority transactions are now priced at around $8.48, while high-priority transactions are priced at approximately $9.321. This marks a significant decrease of 75% compared to the immediate aftermath of the halving.

然而，這種費用的激增被證明是短暫的。截至 4 月 28 日，Runes 交易量已經減少，僅貢獻了 103 萬美元的費用。這比減半後的峰值大幅下降了 99%。目前，中等優先級交易的定價約為 8.48 美元，而高優先級交易的定價約為 9.321 美元。與減半後相比，這標誌著顯著下降 75%。

Analysts attribute the initial surge in Runes transactions to speculative minting activities, which artificially strained Bitcoin block space. They anticipate that this pressure will gradually diminish over time. Nevertheless, they believe that Runes will continue to attract developers to the Bitcoin ecosystem.

分析師將符文交易的最初激增歸因於投機性鑄幣活動，這人為地導致比特幣區塊空間緊張。他們預計這種壓力會隨著時間的推移而逐漸減輕。儘管如此，他們相信 Runes 將繼續吸引開發者進入比特幣生態系統。

Benefits and Challenges of Runes

符文的好處與挑戰

Runes tokens, leveraging Bitcoin's UTXO format, have already captured a sizable portion of the network's on-chain activity. According to Crypto Koryo's Dune dashboard, on April 25, Runes tokens comprised 45% of all Bitcoin transactions. This demonstrates the potential for Runes to become an important part of the Bitcoin ecosystem.

Runes 代幣利用比特幣的 UTXO 格式，已經捕獲了網路鏈上活動的很大一部分。根據 Crypto Koryo 的 Dune 儀表板，4 月 25 日，Runes 代幣佔所有比特幣交易的 45%。這表明符文有潛力成為比特幣生態系統的重要組成部分。

However, Bitcoin faces challenges in accumulating unspent transaction outputs (UTXOs), which strain the network and lead to performance issues. Casey Rodarmor developed Bitcoin Runes to address these challenges by enabling more efficient transactions and creating better-optimized tokens.

然而，比特幣在累積未花費的交易輸出（UTXO）方面面臨挑戰，這會對網路造成壓力並導致效能問題。 Casey Rodarmor 開發了比特幣符文，透過實現更有效率的交易和創建更優化的代幣來應對這些挑戰。

Conclusion

結論

The introduction of Runes on the Bitcoin network following the halving event has had a significant impact on transaction fees. While the initial hype surrounding Runes led to a spike in fees, this has since subsided as the volume of Runes transactions has declined. Analysts anticipate that the long-term impact of Runes will be positive, attracting more developers to Bitcoin and promoting innovation on the network. However, challenges related to UTXO accumulation and performance optimization need to be addressed to fully realize the potential of Runes.

減半事件後，比特幣網路上引入符文對交易費用產生了重大影響。雖然圍繞符文的最初炒作導致費用飆升，但隨著符文交易量的下降，這種情況已經平息。分析師預計，符文的長期影響將是正面的，吸引更多開發者使用比特幣並促進網路創新。然而，要充分發揮符文的潛力，還需要解決與 UTXO 累積和效能優化相關的挑戰。