Several reasons why the current Runes rune is unsustainable and the comparison with the brc20 inscription.

In the first 18 blocks related to this halving, more than 20 million US dollars in handling fees were spent, part of which was mainly used for the issuance of Runes runes. According to this consumption, the issuing project party will spend 150 million US dollars a day and 1 billion US dollars a week.

1. This is also different from the outbreak of brc20, so the issuance of rune assets will not last long. The project party has no motivation, not only the profit and loss ratio of retail investors is poor, but also the profit and loss ratio of the project party is poor. (Some people have prepared a lot for runes and spent a lot of money to build a platform), the cost of issuing inscription projects in brc20 is lower.

The performance of the leading Runes stone big miners is very honest, and they shipped crazily after halving.

2. Everyone has seen the mechanism this time. The name is longer and more complicated. Some people deceive themselves and say that they look at the previous ticket, but I think maybe the market has not yet discovered the naming skills for rune projects. It is radical to imagine that even the future rune leader may not appear in the runes that have appeared at present. The naming conditions are wide, which means that the narrative space should also open up imagination. The current naming logic cannot make the market climax.

3. The good name of the rune can be snatched away by higher gas snipers. The issuer can submit high fees from the beginning to prevent others from grabbing and deploying the name. The difference between issuing and deploying brc20 is that the chips that have not been played are snatched away.

4. Compared with brc20, the several types of rune designs are more friendly to institutions. The issuance cost, operation logic, and transaction costs of future blocks, which well-known runes will be better matched with exchanges in the future, and they will be listed on exchanges first. Resources are bundled with each other, which is more in line with the potential possibility of pulling the market or leading consensus that everyone likes.

But for exchanges, this part of the benefits is actually limited.

Cold knowledge: During the last period of Bitcoin halving,

most block fees did not exceed 1.5 BTC.