以太坊網絡正在經歷一段時間的活動

以太坊網絡，分散應用程序的基石和市值的第二大加密貨幣，目前正在經歷一段時間的活動

The Ethereum network, known for decentralized applications and the second-largest cryptocurrency, is currently experiencing a period of inactivity, as highlighted by the record-low daily ETH burn rate. This metric, directly tied to transaction fees, has plummeted to an all-time low, indicating a significant reduction in demand for Ethereum's blockspace.

以情緒化的應用程序和第二大加密貨幣而聞名的以太坊網絡目前正在經歷一段不活動的時期，正如創紀錄的每日ETH燃燒率所強調的那樣。這種與交易費用直接息息相關的度量標準局勢一直降至歷史最低水平，表明對以太坊塊空間的需求顯著減少。

The decline in network utilization is further evident in the broader slowdown of on-chain activity.

網絡利用率的下降在更廣泛的鏈活動放緩中進一步明顯。

Meanwhile, the rise of Layer 2 scaling solutions, like Base, is rapidly changing the Ethereum ecosystem, leading financial institutions such as Standard Chartered to adjust their long-term price targets for ETH.

同時，第2層擴展解決方案的興起（例如基礎）正在迅速改變以太坊生態系統，領先的金融機構，例如憲章，以調整其對ETH的長期價格目標。

This article delves into the confluence of these factors, examining the implications of the low ETH burn rate, analyzing the slowdown in on-chain activity, and exploring the impact of Layer 2 competition on Ethereum's future trajectory.

本文深入研究了這些因素的融合，研究了低ETH燃燒率的含義，分析了鏈活動的放緩，並探討了第2層競爭對以太坊未來軌蹟的影響。

Ethereum's EIP-1559 upgrade, introduced in August 2021, brought a fundamental change to the network's transaction fee mechanism. A portion of the ETH used to pay the base transaction is burned, aiming to reduce inflationary pressure and potentially make ETH deflationary during periods of high activity.

以太坊的EIP-1559升級於2021年8月提出，為網絡的交易費用機制帶來了根本性的變化。用來支付基礎交易的ETH的一部分被燒毀，旨在降低通貨膨脹壓力，並可能在高活動期間使ETH通縮。

The effectiveness of this mechanism hinges on sustained network demand. When transaction volumes are high, the base fee increases, leading to a higher ETH burn. Conversely, periods of low network activity decrease the base fee, diminishing the ETH burn.

該機制的有效性取決於持續的網絡需求。當交易量很高時，基本費用會增加，導致ETH燃燒更高。相反，低網絡活動的時期減少了基本費用，從而減少了ETH燃燒。

The record-low daily ETH burn of 53.07 ETH, valued at approximately $106,000, underscores the substantial decline in transaction fees and, consequently, the significant reduction in network demand. This low burn rate translates to a reduced deflationary effect, as a minimal amount of ETH is being removed from circulation.

紀錄的每日ETH燃燒為53.07 ETH，價值約為106,000美元，突顯了交易費用的大幅下降，因此網絡需求的顯著降低。這種低燃燒速率轉化為減少通縮效應，因為從循環中除去了最小的ETH。

According to Ultrasound.money data, the current burn rate suggests that the supply of ETH is projected to grow by 0.76% annually, highlighting the impact of low network activity on the asset's deflationary potential.

根據Ultrasound.Money數據，目前的燃燒率表明，ETH的供應預計每年將增長0.76％，強調了低網絡活動對資產放流潛力的影響。

The record-low ETH burn is part of a broader slowdown in on-chain activity, signaling a systemic decline in network utilization.

記錄低的ETH燃燒是鏈上活動的更廣泛放緩的一部分，這表明網絡利用率的系統性下降。

These metrics collectively depict a network experiencing a period of reduced demand and activity. This slowdown could be attributed to various factors, including market sentiment, regulatory uncertainty, and the increasing competition from Layer 2 scaling solutions.

這些指標共同描繪了一個網絡，經歷了一段時間的需求和活動。這種放緩可能歸因於各種因素，包括市場情緒，監管不確定性以及第2層縮放解決方案的競爭日益增加。

Layer 2s, like Arbitrum and Optimism, offer faster transaction speeds, lower fees, and improved scalability compared to the Ethereum mainnet. They process transactions off-chain and batch them to the mainnet, reducing congestion and gas fees. This efficiency increases users and applications to opt for Layer 2s, impacting the demand for Ethereum's mainnet blockspace.

與以太坊主網相比，第2層（如仲裁和樂觀）提供了更快的交易速度，較低的費用和提高的可伸縮性。他們處理鏈接的交易並將其批量劃分到主網，以減少交通擁堵和汽油費。這種效率提高了用戶和應用程序，以選擇第2層，從而影響以太坊的主網空間的需求。

The rapid growth of Layer 2s, particularly Base, has led financial institutions to reassess their long-term price targets for ETH. Standard Chartered recently revised its 2025 price target for Ethereum downward from $10,000 to $4,000.

第2層的快速增長，尤其是基礎，導致金融機構重新評估其對ETH的長期目標目標。 《標準憲章》最近修訂了其2025年以太坊的目標目標從10,000美元下降到4,000美元。

Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, pointed out the "super-profits" being extracted by Layer 2s from the Ethereum ecosystem. This statement hints at a shift in value accrual from the mainnet to these scaling solutions, raising questions about Ethereum's long-term value proposition.

標準憲章的全球數字資產研究負責人杰弗裡·肯德里克（Geoffrey Kendrick）指出，從以太坊生態系統中提取的2層提取了“超級營養”。該陳述暗示，價值從主網轉移到這些擴展解決方案，提出了有關以太坊的長期價值主張的問題。

The confluence of a low ETH burn rate, declining on-chain activity, and the rise of Layer 2s presents a multifaceted challenge for Ethereum. In the face of these challenges, Ethereum still has potential mitigating factors and future scenarios.

低頻率燃燒速率的匯合，鏈上活性下降和第2層的上升給以太坊帶來了多方面的挑戰。面對這些挑戰，以太坊仍然具有潛在的緩解因素和未來情況。

The crypto community will be closely monitoring the progress of the Ethereum ecosystem as it navigates ebbing tides and charts a course towards renewed growth and dominance.

加密社區將密切監視以太坊生態系統的進步，因為它導航潮汐並為新的增長和優勢繪製了一條課程。