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In addition to Bitcoin's upcoming halving event, the market is also paying attention to a new protocol called Rune. Introduced by Bitcoin developer Casey Rodarmor, the protocol aims to achieve more efficient token issuance through the UTXO model. Rune is expected to be the next hot topic, and the transaction volume of the existing token PUPS on the BRC-20 market has soared. However, the Rune frenzy has led to an increase in Bitcoin transaction fees, and the average transaction fee in 7 days has risen from US$4.11 to US$12.17, even exceeding Ethereum's fee level. This development shows the market's pursuit of new technologies and protocols, as well as concerns about Bitcoin network congestion.
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