堆疊升級推動比特幣 DeFi 激增，為費用帶來豐厚利潤

Stacks 是比特幣第 2 層 (L2) 生態系統的關鍵參與者，預計將於 5 月底完成 Nakamoto 升級，這可能會導致 BTC 費用上漲。此次升級旨在提高速度並促進 BTC 從 L1 到 L2 的移動，提高人們對類似於 2020 年以太坊飆升的「比特幣 DeFi 夏季」的預期。

Nakamoto Upgrade Ignites Bitcoin DeFi Summer, Stacks Positioned for Fee Surge

中本聰升級點燃比特幣 DeFi 之夏，堆疊準備迎接費用激增

Amidst the ongoing crypto market dynamics, the Bitcoin Layer-2 (L2) ecosystem has emerged as a focal point for innovation and potential growth. At the forefront of this space is Stacks [STX], a project that has recently initiated a two-step upgrade known as Nakamoto. The successful completion of this upgrade, anticipated by the end of May, is poised to fuel a surge in Bitcoin [BTC] transaction fees, mirroring the "DeFi summer" phenomenon experienced by Ethereum in 2020.

在持續的加密貨幣市場動態中，比特幣第 2 層 (L2) 生態系統已成為創新和潛在成長的焦點。該領域的前沿是 Stacks [STX]，該專案最近啟動了名為 Nakamoto 的兩步驟升級。此次升級預計將於 5 月底成功完成，預計將推動比特幣 [BTC] 交易費用飆升，這與 2020 年以太坊經歷的「DeFi 夏季」現像如出一轍。

Runes Protocol Spurs Fee Spike

符文協議刺激費用飆升

The recent launch of the Runes protocol on Bitcoin has ignited a remarkable surge in transaction fees. This new memecoin protocol has witnessed a staggering 1,200% increase in BTC fees, driving them to a record high of $80 million. The surge has underscored the potential for Layer-2 solutions to significantly impact Bitcoin's transaction fee landscape.

最近在比特幣上推出 Runes 協議引發了交易費用的顯著飆升。這個新的 memecoin 協議見證了 BTC 費用驚人的 1,200% 增長，使其達到 8000 萬美元的歷史新高。這一激增凸顯了 Layer-2 解決方案對比特幣交易費用格局產生重大影響的潛力。

Stacks' Nakamoto Upgrade: A Catalyst for Enhanced Performance

Stacks 的 Nakamoto 升級：增強性能的催化劑

Stacks, a prominent player in the Bitcoin L2 space, is expected to contribute to further fee increases upon completion of its highly anticipated Nakamoto upgrade. The upgrade, which commenced on April 22, is designed to enhance speed and seamlessly facilitate the movement of BTC from Layer-1 (L1) to Layer-2.

Stacks 是比特幣 L2 領域的重要參與者，預計在完成備受期待的 Nakamoto 升級後，將進一步提高費用。此次升級於 4 月 22 日開始，旨在提高速度並無縫促進 BTC 從第 1 層 (L1) 到第 2 層的移動。

Muneeb Ali, co-founder of Stacks, highlighted the significance of the upgrade in the wake of the Runes-related fee surge: "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."

Stacks 聯合創始人 Muneeb Ali 在 Runes 相關費用激增後強調了升級的重要性：「還記得我們告訴您比特幣費用將增加 500 倍嗎？是的，我們一直在研究比特幣 L2祝大家減半快樂！

Bitcoin DeFi Summer: Analogies to Ethereum's 2020 Boom

比特幣 DeFi 之夏：與以太坊 2020 年繁榮的類比

The burgeoning Bitcoin L2 space has captured the attention of prominent analysts at Bernstein. In a recent note to clients, they drew parallels between the current Bitcoin DeFi landscape and Ethereum's 2020 "DeFi summer," which witnessed a proliferation of decentralized applications and tokens on the Ethereum blockchain, leading to a surge in liquidity and transaction fees.

蓬勃發展的比特幣 L2 領域引起了伯恩斯坦著名分析師的注意。在最近給客戶的一份報告中，他們將當前的比特幣DeFi 格局與以太坊2020 年的「DeFi 夏季」進行了類比，見證了以太坊區塊鏈上去中心化應用程式和代幣的激增，導致流動性和交易費用激增。

Technical Details and Potential Impact

技術細節和潛在影響

Despite its existence for over three years, Stacks has faced challenges with transaction speed. The Nakamoto upgrade aims to address these issues by improving throughput.

儘管 Stacks 已經存在三年多了，但它仍然面臨著交易速度的挑戰。 Nakamoto 升級旨在透過提高吞吐量來解決這些問題。

Louise Payawal, growth executive at Stacks, summarized the potential impact of the Nakamoto release: "In essence, the Nakamoto release is poised to redefine Bitcoin's role and utility, elevating its capabilities and actually fulfilling the narrative of Bitcoin DeFi. Stacks is making it happen after so many years."

Stacks 的成長主管Louise Payawal 總結了中本聰發布的潛在影響：「從本質上講，中本聰的發布準備重新定義比特幣的角色和效用，提升其能力並真正實現比特幣DeFi 的敘述。Stacks正在讓這一切成為現實。

Market Reaction and Competitive Landscape

市場反應及競爭格局

STX, the native token of Stacks, has seen a notable surge in value in anticipation of the Nakamoto upgrade. As of press time, the token traded at $3, having rallied 8% on Monday and witnessing gains of over 36% on weekly charts.

Stacks 的原生代幣 STX 在中本聰升級的預期下，其價值顯著飆升。截至發稿時，該代幣交易價格為 3 美元，週一上漲 8%，週線圖漲幅超過 36%。

However, Stacks faces competition in the Bitcoin L2 space. Other projects, such as Merlin Chain and Rootstock, hold leading positions in terms of total value locked (TVL). Whether the Nakamoto upgrade will provide Stacks with an edge remains to be determined as the Bitcoin L2 ecosystem continues to heat up.

然而，Stacks 在比特幣 L2 領域面臨競爭。 Merlin Chain 和 Rootstock 等其他項目在鎖定總價值（TVL）方面佔據領先地位。隨著比特幣 L2 生態系統的持續升溫，中本聰的升級是否會為 Stacks 帶來優勢仍有待確定。

Analyst Perspectives

分析師觀點

Some market observers believe that STX and BTC have yet to fully price in the potential impact of the Nakamoto upgrade. Matt Zhang of web3 investment firm Hivemind Capital Partners expressed optimism, stating, "The next month will be 'orange' because the Stacks Nakamoto Upgrade is not priced in."

一些市場觀察家認為，STX 和 BTC 尚未完全消化中本聰升級的潛在影響。 web3 投資公司 Hivemind Capital Partners 的 Matt 張 表達了樂觀態度，他說：“下個月將是‘橙色’，因為 Stacks Nakamoto 升級尚未計入價格。”

Conclusion

結論

The Nakamoto upgrade has the potential to revolutionize Bitcoin's transaction fee dynamics and unlock a new era of Bitcoin DeFi. Stacks, as a key player in the Bitcoin L2 space, is well-positioned to benefit from these developments. However, the competitive landscape and market sentiment will ultimately shape the trajectory of the project and its impact on the broader Bitcoin ecosystem.

中本聰的升級有可能徹底改變比特幣的交易費用動態，並開啟比特幣 DeFi 的新時代。 Stacks 作為比特幣 L2 領域的關鍵參與者，處於有利地位，可以從這些發展中受益。然而，競爭格局和市場情緒最終將決定該項目的發展軌跡及其對更廣泛的比特幣生態系統的影響。