Rune frenzy pushes up Bitcoin transaction fees
Bitcoin is about to halve, but apart from this exciting event, a new protocol called Rune has also attracted market attention. This protocol was launched by Bitcoin developer Casey Rodarmor and aims to achieve more efficient token issuance through the UTXO model. It is expected that Rune will become the next hot topic after its launch, with tokens PUPS already seeing soaring trading volumes in the BRC-20 market. However, the frenzy around Rune has also led to an increase in Bitcoin transaction fees; the average transaction fee over 7 days has risen from $4.11 to $12.17, even exceeding Ethereum's fee level. This development shows both the market's pursuit of new technologies and protocols and concerns about congestion on the Bitcoin network.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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