EigenLayer創辦人重申支持以太坊，但ETH為何舉步維艱？

儘管以太坊面臨可擴展性和高額汽油費，但流動性重新抵押平台 EigenLayer 的創始人堅稱該網絡更優越

Despite the narrative suggesting layer-2 scaling solutions are hurting ether (CRYPTO: ETH), Mustafa Al-Bassam, the co-founder of Celestia, believes the native token of the layer-1 blockchain is “underrated.”

儘管有說法表明第 2 層擴容解決方案正在損害以太坊（加密貨幣：ETH），但 Celestia 聯合創始人 Mustafa Al-Bassam 認為第 1 層區塊鏈的原生代幣被「低估」。

Why ETH Is Underrated

為什麼 ETH 被低估

In a post on Substack, Al-Bassam said that while layer-1 tokens have been rallying, ETH is lagging behind. However, he feels the layer-1 token is “secretly having an amazing year.”

Al-Bassam 在 Substack 上的一篇文章中表示，雖然 Layer-1 代幣一直在上漲，但 ETH 卻落後了。然而，他覺得 Layer-1 代幣「秘密地度過了令人驚奇的一年」。

The co-founder highlighted the thriving rollup ecosystem in Ethereum, which he said is “by far the largest and most successful.”

這位聯合創始人強調了以太坊中蓬勃發展的 Rollup 生態系統，他說這是「迄今為止最大、最成功的」。

“This ecosystem is growing rapidly and is bringing new use cases and applications to Ethereum every day,” he wrote.

「這個生態系統正在迅速發展，每天都在為以太坊帶來新的用例和應用程序，」他寫道。

As of Sept. 30, data from L2Beat showed the layer-2 ecosystem in Ethereum managing over $38 billion, Arbitrum being the largest with over $20 billion, followed by Base.

截至 9 月 30 日，L2Beat 的數據顯示，以太坊的第 2 層生態系統管理超過 380 億美元的資金，其中 Arbitrum 規模最大，超過 200 億美元，其次是 Base。

Layer-2 scaling solutions are designed to handle transactions off-chain, thereby reducing the load on the layer-1 blockchain and making transactions faster and cheaper.

Layer-2 擴展解決方案旨在處理鏈下交易，從而減少 Layer-1 區塊鏈的負載，並使交易更快、更便宜。

However, as more activity is shifted off-chain, the layer-1 network becomes inflationary. This is because the layer-1 blockchain still generates new blocks and adds new ether to the circulating supply, even though the activity on the layer-1 chain is decreasing.

然而，隨著越來越多的活動轉移到鏈下，第一層網路變得通貨膨脹。這是因為，即使第 1 層鏈上的活動正在減少，第 1 層區塊鏈仍然會產生新的區塊，並在循環供應中添加新的以太幣。

To counter this, layer-1 networks are burning ether, which reduces the circulating supply and offsets the new ether being added to the network. However, the rate at which ether is being burned has slowed down significantly in recent months.

為了解決這個問題，第一層網路正在燃燒以太幣，這減少了循環供應並抵消了添加到網路中的新以太幣。然而，近幾個月來，以太坊的燃燒速度已顯著放緩。

According to Ultra Sound Money, ether was inflationary for 10 days in September and is currently burning ether at a rate of 0.000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000

根據Ultra Sound Money稱，9月份以太幣有10天的通貨膨脹，目前以太幣的燃燒率為0。