隨著 L2 擴展網路推動資料儲存需求，以太坊 (ETH) 網路收入可能會反彈

11 月份，以太坊 L2 每天向主網發布的交易數據比 3 月份多出三倍

Ethereum network revenues are poised to rebound as surging activity on layer-2 (L2) scaling networks drives demand for data storage, according to cryptocurrency researchers and onchain data.

根據加密貨幣研究人員和鏈上數據，隨著第 2 層 (L2) 擴展網路的激增推動數據儲存需求，以太坊網路收入有望反彈。

In November, Ethereum L2s have been posting upward of three times more transaction data each day to the mainnet than they did in March, according to data from Dune Analytics.

根據 Dune Analytics 的數據，11 月份，以太坊 L2 每天向主網發布的交易數據比 3 月份多出三倍。

Ethereum’s revenues dropped by as much as 95% after the network’s March Dencun upgrade migrated L2 transaction data to temporary offchain stores called “blobs” in a bid to cut costs for users, according to data from asset manager VanEck.

資產管理公司 VanEck 的數據顯示，在網路 3 月的 Dencun 升級將 L2 交易數據遷移到名為「blob」的臨時鏈下商店以降低用戶成本後，以太坊的收入下降了 95%。

“ETH Fees Were Weak Due to Lack of Blob Revenues as L2s Have Not Filled Available Capacity,” Matthew Sigel, VanEck’s head of digital asset research, said in a Nov. 1 post on the X platform.

VanEck 數位資產研究主管 Matthew Sigel 在 11 月 1 日在 X 平台上發表的一篇文章中表示，“由於 L2 尚未填滿可用容量，導致 Blob 收入不足，ETH 費用疲軟。”

“There is Some Evidence this is Changing, thanks to Base, Scroll and World Chain,” Sigel said, referring to three popular L2s.

「有一些證據表明，由於 Base、Scroll 和 World Chain，這種情況正在發生變化，」Sigel 說道，他指的是三種流行的 L2。

Source: Dune Analytics

來源：沙丘分析

In September, Sigel said he expects Ethereum to generate up to $66 billion in annual free cash flow by 2030, driving spot Ether’s price as high as $22,000 per Ether ETH $2,898.02 token.

9 月，Sigel 表示，他預計到 2030 年，以太坊每年將產生高達 660 億美元的自由現金流，從而推動以太幣現貨價格高達 22,000 美元/以太幣 ETH 2,898.02 美元。

His estimate reflects anticipated value accrual to ETH holders from transaction fees as Ethereum processes a growing portion of the world’s transactions.

他的估計反映了隨著以太坊處理世界上越來越多的交易，以太坊持有者將從交易費用中獲得的預期價值。

“Ethereum processed roughly $4 trillion in settlement value over the last year and another $5 trillion in stablecoin transfers annually. So this is far bigger than PayPal and is beginning to approach networks like Visa,” Sigel said.

「去年，以太幣處理了大約 4 兆美元的結算價值，每年還處理了 5 兆美元的穩定幣轉帳。因此，這比 PayPal 規模要大得多，並且正在開始接觸 Visa 等網路。

Since launching in 2015, Ethereum has generated $3 billion in fees (denominated in ETH), Sigel said.

Sigel 表示，自 2015 年推出以來，以太坊已產生 30 億美元的費用（以 ETH 計價）。

Other ETH value accrual mechanisms include “burning” — or permanently removing from circulation — a portion of transaction fees and emitting new ETH to reward stakers, who post ETH as collateral to secure the network.

其他 ETH 價值累積機制包括「銷毀」（或永久從流通中移除）部分交易費用，以及發行新的 ETH 來獎勵權益持有者，這些權益持有者將 ETH 作為抵押品以確保網路安全。

Scenarios for ETH by 2030. Source: VanEck

到 2030 年 ETH 的情境。

On Nov. 6, ETH prices spiked 10% after crypto-friendly Republican Donald Trump prevailed in the United States presidential elections.

11 月 6 日，對加密貨幣友好的共和黨人唐納德·川普在美國總統選舉中獲勝後，ETH 價格飆升 10%。

Meanwhile, US spot Ether exchange-traded funds (ETFs) saw net inflows of $52.3 million, the highest in six weeks.

同時，美國現貨以太幣交易所交易基金 (ETF) 淨流入 5,230 萬美元，創六週以來最高水準。

Trump’s victory in the presidential election could pave the way for more crypto investing products to hit the US markets, including the first staked ETH ETFs, according to Edward Wilson, an analyst at Nansen.

Nansen 分析師 Edward Wilson 表示，川普在總統選舉中的勝利可能為更多加密貨幣投資產品進入美國市場鋪平道路，其中包括首批質押 ETH ETF。

Other protocols are competing against Ethereum in data availability. They include Celestia, EigenDA and Avail, among others.

其他協議在數據可用性方面正在與以太坊競爭。其中包括 Celestia、EigenDA 和 Avail 等。