符文减半后的影响：比特币网络费用激增和下降

比特币减半后，符文交易量激增，网络费用一度飙升，减半当天符文交易量占交易量的 57.7%。然而，这种主导地位已经减弱，与减半后的高点相比，费用显着下降了 75%。

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

符文减半后对比特币网络费用的影响：综合分析

Introduction

介绍

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 日比特币减半事件的实施给网络的费用结构带来了重大变化。旨在增强比特币代币化的符文协议的引入最初导致了交易费用的飙升。然而，最近的数据显示，随着围绕符文的最初炒作消退，费用大幅下降。

Runes' Dominance Post-Halving

减半后符文的统治力

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.

减半当天，符文交易占所有比特币网络活动的压倒性 57.7%。这种主导地位在接下来的周末持续存在，符文保持了网络的大部分份额。大量符文交易导致挖矿费用上涨，减半后累计收入达到 1.17 亿美元。值得注意的是，减半当天就筹集了 6240 万美元。

Fee Decline and Long-Term Impact

费用下降和长期影响

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，这种费用的激增被证明是短暂的。截至 4 月 28 日，Runes 交易量已经减少，仅贡献了 103 万美元的费用。这比减半后的峰值大幅下降了 99%。目前，中等优先级交易的定价约为 8.48 美元，而高优先级交易的定价约为 9.321 美元。与减半后相比，这标志着显着下降 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.

分析师将符文交易的最初激增归因于投机性铸币活动，这人为地导致比特币区块空间紧张。他们预计这种压力会随着时间的推移而逐渐减轻。尽管如此，他们相信 Runes 将继续吸引开发者进入比特币生态系统。

Benefits and Challenges of Runes

符文的好处和挑战

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 代币利用比特币的 UTXO 格式，已经捕获了网络链上活动的很大一部分。根据 Crypto Koryo 的 Dune 仪表板，4 月 25 日，Runes 代币占所有比特币交易的 45%。这表明符文有潜力成为比特币生态系统的重要组成部分。

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，比特币在累积未花费的交易输出（UTXO）方面面临挑战，这会给网络带来压力并导致性能问题。 Casey Rodarmor 开发了比特币符文，通过实现更高效的交易和创建更优化的代币来应对这些挑战。

Conclusion

结论

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.

减半事件后，比特币网络上引入符文对交易费用产生了重大影响。虽然围绕符文的最初炒作导致费用飙升，但随着符文交易量的下降，这种情况已经平息。分析师预计，符文的长期影响将是积极的，吸引更多开发者使用比特币并促进网络创新。然而，要充分发挥符文的潜力，还需要解决与 UTXO 积累和性能优化相关的挑战。