以太坊的 Layer-2 繁榮：爭議中的樂觀

在 Dencun 升級後，以太坊第 2 層 (L2) 解決方案見證了交易量的激增，並創下了低汽油費記錄。指標顯示 L2 的前景看好，交易成本顯著降低。然而，對以太坊的批評已經出現，包括對 L2 碎片化導致 ETH 價值稀釋的擔憂。儘管有這些 FUD，以太坊仍然受到關注，因為人們對它的分類和 SEC 對現貨 ETH ETF 的裁決充滿了期待。

Ethereum's Layer-2 Revolution: Optimism Amidst FUD and Controversy

以太坊的 Layer-2 革命：FUD 與爭議中的樂觀主義

The Ethereum ecosystem is undergoing a transformative shift, with its Layer-2 (L2) solutions gaining unprecedented traction and significantly reducing transaction fees. This surge in L2 adoption has spurred optimism among investors and developers, while also sparking skepticism and criticism from detractors.

以太坊生態系統正在經歷一場變革，其第 2 層 (L2) 解決方案獲得了前所未有的關注並顯著降低了交易費用。 L2 採用率的激增激發了投資者和開發商的樂觀情緒，同時也引發了批評者的懷疑和批評。

L2s Soar to New Heights

L2飆升至新高度

At the heart of this L2 revolution lies the implementation of EIP-4844's "blobs," optimizing data availability and dramatically slashing gas fees. As a result, L2s such as Optimism, Base, Arbitrum, Zora, and zkSync have witnessed a surge in activity, with gas fees for transactions plummeting by an astounding 99%.

這次 L2 革命的核心在於 EIP-4844 的「blob」的實施，優化數據可用性並大幅削減 Gas 費用。結果，Optimism、Base、Arbitrum、Zora 和 zkSync 等 L2 的活動激增，交易的 Gas 費用暴跌了 99%，令人震驚。

This decline in fees has ignited a surge in transaction volume, propelling multiple L2 solutions to record-breaking highs. Consensys' zkEVM rollup Linea and Coinbase's Base have experienced exponential growth in the past month, surging by 678% and 605%, respectively. The thriving memecoin trading season has further fueled this activity, driving transaction counts on these L2s to unprecedented levels.

費用的下降引發了交易量的激增，推動多種 L2 解決方案創下歷史新高。 Consensys 的 zkEVM rollup Linea 和 Coinbase 的 Base 在過去一個月經歷了指數級增長，分別飆升 678% 和 605%。蓬勃發展的 memecoin 交易季進一步推動了這項活動，將這些 L2 的交易數量推至前所未有的水平。

FUD and Criticisms Surface

FUD 和批評浮出水面

While the L2 revolution has sparked enthusiasm, it has not been without its detractors. Prominent OG trader Peter Brandt has voiced concerns about Ethereum's functionality, labeling ETH a "junk coin." The Solana community has also launched a promotional video criticizing Ethereum, mocking ETH maximalists and advising developers to migrate to Solana despite its own shortcomings.

儘管 L2 革命激起了人們的熱情，但並非沒有批評者。著名 OG 交易員 Peter Brandt 表達了對以太坊功能的擔憂，並將 ETH 稱為「垃圾幣」。 Solana 社群還推出了批評以太坊的宣傳視頻，嘲笑 ETH 最大化主義者，並建議開發者遷移到 Solana，儘管 Solana 本身有缺陷。

Moreover, some analysts have expressed apprehension over the potential devaluation of ETH due to the rise of L2 fragmentation. This concern stems from the analogy to ATOM, the native token of interoperable Cosmos chains, and DOT, the token of parachain-centric Polkadot. However, Ethereum advocates counter that the emergence of L2s will pave the way for a modular Ethereum ecosystem, with ETH serving as its foundational currency.

此外，一些分析師對由於 L2 碎片化的興起而導致 ETH 潛在貶值的擔憂。這種擔憂源於與 ATOM（可互通的 Cosmos 鏈的原生代幣）和 DOT（以平行鍊為中心的 Polkadot 的代幣）的類比。然而，以太坊擁護者反駁說，L2 的出現將為模組化以太坊生態系統鋪平道路，以 ETH 作為其基礎貨幣。

ETH Price Swings Amidst Uncertainty

ETH 價格在不確定性中波動

Amidst this maelstrom of optimism and criticism, Ether (ETH) has been fluctuating within the $3.2K range. Despite a recent 2.4% decline, long-term accumulation trends, as evidenced by data from Into The Block, suggest a bullish outlook. The withdrawal of nearly $4 billion worth of ETH from exchanges in Q1 2023 indicates a growing store of value among holders.

在這種樂觀和批評的漩渦中，以太幣 (ETH) 一直在 3200 美元的範圍內波動。儘管最近下跌了 2.4%，但正如 Into The Block 的數據所證明的，長期累積趨勢表明前景看漲。 2023 年第一季度，價值近 40 億美元的 ETH 從交易所撤出，這表明持有者的價值儲存不斷增長。

Anticipation Mounts Over Regulatory Developments

對監理發展的預期不斷增加

As the Ethereum ecosystem evolves, anticipation is building over the implications of its regulatory landscape. Discussions regarding ETH's classification and the pending SEC's verdict on spot Ethereum ETFs have stirred debate and uncertainty. The outcome of these regulatory decisions will undoubtedly shape the future trajectory of Ethereum and its L2 solutions.

隨著以太坊生態系統的發展，人們對其監管環境的影響的預期不斷增強。關於 ETH 分類的討論以及美國證券交易委員會 (SEC) 對現貨以太坊 ETF 的裁決懸而未決，引發了爭論和不確定性。這些監管決策的結果無疑將塑造以太坊及其 L2 解決方案的未來軌跡。

Conclusion

結論

The Ethereum ecosystem is on the cusp of transformative change, with its L2 solutions poised to revolutionize transaction costs and unlock a new era of scalability. While detractors voice their concerns, the surge in L2 adoption, coupled with ongoing regulatory developments, suggests a vibrant and uncertain future for Ethereum. As the dust settles and the true potential of L2s emerges, the role of ETH and the future of the Ethereum ecosystem will be closely scrutinized.

以太坊生態系統正處於變革的風口浪尖，其 L2 解決方案有望徹底改變交易成本並開啟可擴展性的新時代。儘管批評者表達了他們的擔憂，但 L2 採用的激增，加上持續的監管發展，表明以太坊充滿活力且不確定的未來。隨著塵埃落定和 L2 真正潛力的顯現，ETH 的角色和以太坊生態系統的未來將受到密切關注。