以太坊第 2 層擴展網路的市值將在幾年內達到 1 兆美元

投資管理公司 Van Eck 的分析師表示，以太坊的第 2 層擴展網路將經歷顯著成長，在六年內達到 1 兆美元的市值。這些第 2 層區塊鏈旨在解決以太坊在處理和儲存資料方面的局限性，創建適合特定用例的專用鏈景觀。

Ethereum's Layer 2 Scaling Networks Poised for Trillion-Dollar Market Capitalization

以太坊的第 2 層擴展網路預計將實現數萬億美元的市值

According to a comprehensive report released on April 3 by investment management firm Van Eck, analysts predict that Ethereum's layer 2 (L2) scaling networks are poised to reach an astounding $1 trillion market capitalization within the next six years. This remarkable growth is anticipated to be driven by the proliferation of thousands of use case-specific chains that address the limitations of Ethereum's primary blockchain.

根據投資管理公司 Van Eck 4 月 3 日發布的綜合報告，分析師預測以太坊第 2 層（L2）擴容網路預計在未來六年內達到驚人的 1 兆美元市值。這一顯著的成長預計將由數千個特定用例鏈的激增推動，這些鏈解決了以太坊主區塊鏈的限制。

Limitations of the Ethereum Network

以太坊網路的局限性

The analysts, Patrick Bush, senior digital assets investment analyst, and Matthew Sigel, digital assets research head, identified Ethereum's limited capacity to process, store, and compute data as its primary challenge. This inherent bottleneck leads to increased transaction fees and prolonged processing times, especially when the network experiences high usage.

資深數位資產投資分析師 Patrick Bush 和數位資產研究主管 Matthew Sigel 等分析師認為，以太坊處理、儲存和運算資料的能力有限是其主要挑戰​​。這種固有的瓶頸導致交易費用增加和處理時間延長，特別是當網路使用率很高時。

L2 Scaling Solutions

L2 擴展解決方案

To overcome these limitations, L2 scaling networks have emerged as a viable solution. These off-chain networks process transactions in parallel with the Ethereum main chain, significantly increasing transaction throughput and reducing fees. By leveraging specialized data-saving techniques, such as "Blobs" introduced in Ethereum's recent Dencun update, L2s further enhance their efficiency.

為了克服這些限制，L2 擴展網路已成​​為可行的解決方案。這些鏈下網路與以太坊主鏈並行處理交易，顯著提高了交易吞吐量並降低了費用。透過利用專門的數據保存技術，例如以太坊最近的 Dencun 更新中引入的“Blob”，L2 進一步提高了效率。

Market Size and Growth Projections

市場規模和成長預測

Bush and Sigel employed a two-step approach to estimate the future market capitalization of L2 scaling networks. They initially assumed that Ethereum would maintain a dominant 60% market share among all public blockchains. Subsequently, they projected the total value of assets within the Ethereum ecosystem, based on historical data and current trends.

Bush 和 Sigel 採用兩步驟法來估計 L2 擴展網路的未來市值。他們最初假設以太坊將在所有公共區塊鏈中保持 60% 的主導市場份額。隨後，他們根據歷史數據和當前趨勢預測了以太坊生態系統內資產的總價值。

Their analysis revealed that there are currently 46 active L2 scaling networks for Ethereum, with a combined total value locked of $39 billion. Arbitrum, the largest L2 network, accounts for $18 billion of this value.

他們的分析顯示，目前以太坊有 46 個活躍的 L2 擴展網絡，鎖定的總價值達 390 億美元。 Arbitrum 是最大的 L2 網絡，價值達 180 億美元。

Long-Term Potential and Market Dynamics

長期潛力和市場動態

The analysts emphasize the substantial revenue-generating potential of L2s, which they anticipate will surpass that of the Ethereum base layer. This is attributed to L2s' superior transaction throughput and enhanced user experience compared to Ethereum.

分析師強調 L2 具有巨大的創收潛力，他們預期 L2 將超過以太坊基礎層。這歸因於與以太坊相比，L2 具有卓越的交易吞吐量和增強的用戶體驗。

However, the analysts also acknowledge the intense competition within the L2 market, which they believe could negatively impact the long-term value of many L2-related tokens. They noted that the fully diluted valuation of the top seven Ethereum L2 tokens currently exceeds $40 billion, and an influx of strong projects over the next 18 months could drive this valuation even higher, potentially to $100 billion.

然而，分析師也承認 L2 市場內的激烈競爭，他們認為這可能會對許多 L2 相關代幣的長期價值產生負面影響。他們指出，目前排名前七的以太坊 L2 代幣的完全攤薄估值超過 400 億美元，未來 18 個月內強勢項目的湧入可能會推動這一估值更高，有可能達到 1000 億美元。

Diversification and Specialization

多元化與專業化

Bush and Sigel envision a future L2 landscape characterized by thousands of highly specialized chains, each tailored to specific use cases and applications. These L2s will be segmented by sector, function, or purpose. For example, decentralized social media platforms may have their own dedicated L2s, complete with bespoke applications.

Bush 和 Sigel 設想了未來的 L2 景觀，其特徵是數千個高度專業的鏈，每個鏈都針對特定的用例和應用程式量身定制。這些 L2 將按部門、功能或目的進行細分。例如，去中心化社群媒體平台可能有自己專用的 L2，並配有客製化應用程式。

Despite the proliferation of use case-specific L2s, the analysts anticipate that a few major players will emerge in the general-purpose L2 market. These chains will benefit from network effects, becoming more valuable as they attract more users.

儘管特定用例的 L2 不斷增加，但分析師預計通用 L2 市場將出現一些主要參與者。這些鏈將受益於網路效應，隨著吸引更多用戶而變得更有價值。

Zero-Knowledge Framework

零知識框架

Furthermore, the analysts predict that most roll-up L2s will transition to a zero-knowledge framework (ZKU) in the future. ZKUs offer significant advantages, including improved scalability, privacy, and security.

此外，分析師預測，大多數 Roll-up L2 將在未來過渡到零知識框架（ZKU）。 ZKU 具有顯著的優勢，包括改進的可擴展性、隱私性和安全性。

In conclusion, Ethereum's L2 scaling networks are poised for exponential growth, with projections indicating a $1 trillion market capitalization within six years. Thousands of use case-specific chains will drive innovation and address the limitations of the Ethereum main chain. While intense competition could impact the long-term value of some L2 tokens, a few major players are expected to dominate the general-purpose L2 market. The emergence of ZKUs is also anticipated, offering further enhancements to the scalability and security of L2 networks.

總之，以太坊的 L2 擴展網路預計將呈指數級增長，預計六年內市值將達到 1 兆美元。數以千計的特定用例鏈將推動創新並解決以太坊主鏈的限制。雖然激烈的競爭可能會影響某些 L2 代幣的長期價值，但預計少數主要參與者將主導通用 L2 市場。 ZKU 的出現也是令人期待的，它將進一步增強 L2 網路的可擴展性和安全性。