符文协议炒作后比特币交易费用暴跌

减半后，比特币交易费用飙升至 128.45 美元的历史新高，但第二天迅速降至 3480 万美元。最初的激增归因于符文协议的推出，该协议用于在区块链上创建类似 NFT 的“铭文”，但它未能抵消矿工的收入损失，导致费用随后下降。

Bitcoin Transaction Fees Plummet after Surge Driven by Runes Protocol Introduction

Runes 协议介绍推动比特币交易费用飙升

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.

继 4 月 20 日星期六创下 128.45 美元的历史新高后，4 月 21 日星期日，比特币平均交易费用大幅下降至 3480 万美元。这标志着由于符文协议的实施，较前一天的峰值大幅下降。

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 的数据证实，4 月 21 日交易费用暴跌至 3480 万美元，较 4 月 20 日记录的 8100 万美元大幅下降。交易费用飙升恰逢备受期待的比特币减半，在此期间矿工的区块奖励减少减半。

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.

费用的短暂飙升主要归因于 Runes 协议的引入，这是一种类似于 ERC-20 的新代币标准。随着个人争相在比特币区块链上创建“模因币”，这导致交易费用激增。

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 与区块高度 840,000 减半同时推出，旨在促进链上活动。它允许用户在比特币区块链上嵌入类似 NFT 的铭文，并能够在比特币上创建代币，类似于 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.

基于序数理论的现有标准（例如 BRC-20 和 SRC-20）可能会导致未花费交易输出（UTXO）激增，从而可能对比特币网络造成垃圾邮件。为了解决这一问题并创建可持续的代币创建方法，Rodarmor 于 2023 年 9 月宣布了 Runes。

Runes Protocol Fails to Offset Revenue Losses for Bitcoin Miners

Runes 协议无法抵消比特币矿工的收入损失

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.

尽管 Runes 协议令人兴奋，但“哈希价格”指数（用于衡量矿工每单位哈希率收入的指标）在减半后从每个哈希每天约 183 美元暴跌至 81 美元。这些数字低于减半前的水平，表明矿商收入下降。

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.

比特币矿工原本预计减半后收入会减少，但希望符文协议能够减轻这些损失。然而，根据 Magic Eden 的数据，Runestone NFT 系列的底价在 24 小时内暴跌近 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.

相比之下，Bitcoin Puppets 和 NodeMonkes 等有序集合在同一时期分别增长了 15% 和 9.5%。