堆栈升级推动比特币 DeFi 激增，为费用带来丰厚利润

Stacks 是比特币第 2 层 (L2) 生态系统的关键参与者，预计将于 5 月底完成 Nakamoto 升级，这可能会导致 BTC 费用上涨。此次升级旨在提高速度并促进 BTC 从 L1 到 L2 的移动，提高人们对类似于 2020 年以太坊飙升的“比特币 DeFi 夏季”的预期。

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

中本聪升级点燃比特币 DeFi 之夏，堆栈准备迎接费用激增

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.

在持续的加密货币市场动态中，比特币第 2 层 (L2) 生态系统已成为创新和潜在增长的焦点。该领域的前沿是 Stacks [STX]，该项目最近启动了名为 Nakamoto 的两步升级。此次升级预计将于 5 月底成功完成，预计将推动比特币 [BTC] 交易费用飙升，这与 2020 年以太坊经历的“DeFi 夏季”现象如出一辙。

Runes Protocol Spurs Fee Spike

符文协议刺激费用飙升

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.

最近在比特币上推出 Runes 协议引发了交易费用的显着飙升。这个新的 memecoin 协议见证了 BTC 费用惊人的 1,200% 增长，使其达到 8000 万美元的历史新高。这一激增凸显了 Layer-2 解决方案对比特币交易费用格局产生重大影响的潜力。

Stacks' Nakamoto Upgrade: A Catalyst for Enhanced Performance

Stacks 的 Nakamoto 升级：增强性能的催化剂

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 是比特币 L2 领域的重要参与者，预计在完成备受期待的 Nakamoto 升级后，将进一步提高费用。此次升级于 4 月 22 日开始，旨在提高速度并无缝促进 BTC 从第 1 层 (L1) 到第 2 层的移动。

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 联合创始人 Muneeb Ali 在 Runes 相关费用激增后强调了升级的重要性：“还记得我们告诉过您比特币费用将增加 500 倍吗？是的，我们一直在研究比特币 L2祝大家减半快乐！中本聪。”

Bitcoin DeFi Summer: Analogies to Ethereum's 2020 Boom

比特币 DeFi 之夏：与以太坊 2020 年繁荣的类比

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.

蓬勃发展的比特币 L2 领域引起了伯恩斯坦著名分析师的关注。在最近给客户的一份报告中，他们将当前的比特币 DeFi 格局与以太坊 2020 年的“DeFi 夏季”进行了类比，见证了以太坊区块链上去中心化应用程序和代币的激增，导致流动性和交易费用激增。

Technical Details and Potential Impact

技术细节和潜在影响

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.

尽管 Stacks 已经存在三年多了，但它仍然面临着交易速度的挑战。 Nakamoto 升级旨在通过提高吞吐量来解决这些问题。

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 的增长主管 Louise Payawal 总结了中本聪发布的潜在影响：“从本质上讲，中本聪的发布准备重新定义比特币的角色和效用，提升其能力并真正实现比特币 DeFi 的叙述。Stacks 正在让这一切成为现实。”这么多年之后。”

Market Reaction and Competitive Landscape

市场反应及竞争格局

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 的原生代币 STX 在中本聪升级的预期下，其价值显着飙升。截至发稿时，该代币交易价格为 3 美元，周一上涨 8%，周线图涨幅超过 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 在比特币 L2 领域面临着竞争。 Merlin Chain 和 Rootstock 等其他项目在锁定总价值（TVL）方面占据领先地位。随着比特币 L2 生态系统的持续升温，中本聪的升级是否会给 Stacks 带来优势仍有待确定。

Analyst Perspectives

分析师观点

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."

一些市场观察人士认为，STX 和 BTC 尚未完全消化中本聪升级的潜在影响。 web3 投资公司 Hivemind Capital Partners 的 Matt 张 表达了乐观态度，他表示：“下个月将是‘橙色’，因为 Stacks Nakamoto 升级尚未计入价格。”

Conclusion

结论

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.

中本聪的升级有可能彻底改变比特币的交易费用动态，并开启比特币 DeFi 的新时代。 Stacks 作为比特币 L2 领域的关键参与者，处于有利地位，可以从这些发展中受益。然而，竞争格局和市场情绪最终将决定该项目的发展轨迹及其对更广泛的比特币生态系统的影响。