Layer-2 區塊鏈：2025 年預測

第 2 層區塊鏈 (L2) 已成為區塊鏈生態系統不可或缺的一部分，尤其是以太坊。有些人認為，L2 及其支援功能包含釋放 L1 全部變革潛力所需的缺失環節。

Layer-2 (L2) blockchains have emerged as a crucial component of the blockchain ecosystem, particularly for Ethereum. Some believe that L2s and their supportive functionalities hold the key to unlocking the full transformative potential of layer-1 (L1) blockchains.

第 2 層 (L2) 區塊鏈已成為區塊鏈生態系統的重要組成部分，特別是對於以太坊而言。有些人認為，L2 及其支援功能是釋放第 1 層 (L1) 區塊鏈全部變革潛力的關鍵。

Now, as we approach 2025, we must ask what the future holds for L2s and whether their promise to deliver fundamental improvements to speed, cost, and congestion will open the doors to wider blockchain adoption.

現在，隨著 2025 年的臨近，我們必須問 L2 的未來會怎樣，以及它們對速度、成本和擁塞進行根本性改進的承諾是否將為更廣泛的區塊鏈採用打開大門。

Over the next twelve months, we’ll see whether L2 technology can leverage its impressive start to become a truly decisive and user-friendly infrastructure. To get to the heart of that matter, we’ve invited several industry thought leaders to add their highly anticipated predictions.

在接下來的 12 個月中，我們將看到 L2 技術是否能夠利用其令人印象深刻的開局，成為真正具有決定性和用戶友好性的基礎設施。為了深入探討這個問題的核心，我們邀請了幾位行業思想領袖來添加他們備受期待的預測。

If you had to pick between “consolidation” and “further fragmentation”, where do you see the L2 ecosystem moving towards in 2025?

如果你必須在「整合」和「進一步碎片化」之間做出選擇，你認為 2025 年 L2 生態系統將走向何方？

“In 2024, several developer tools for L2 interoperability were released, most notably ZKSync's Elastic Chain framework and Polygon's CDK. In 2025, these tools will finally be available to end-users. However, not all cross-chain use cases will find product or market fit. Aside from token bridging, I expect swaps, borrowing, and perp trading to be the main DeFi primitives that will benefit from this interoperability.” - Ken Timsit, Managing Director at Cronos.

「2024 年，發布了多個用於 L2 互通性的開發工具，最著名的是 ZKSync 的 Elastic Chain 框架和 Polygon 的 CDK。到 2025 年，這些工具最終將可供最終用戶使用。然而，並非所有跨鏈用例都能找到適合的產品或市場。除了代幣橋接之外，我預計互換、借貸和永續交易將成為主要的 DeFi 原語，並將受益於這種互通性。 - Ken Timsit，克羅諾斯董事總經理。

“In the evolving landscape of Layer 2 solutions, we are likely to witness a dual trend: consolidation among general-purpose L2s and increased fragmentation as more purpose-specific L2s emerge. Despite their potential, L2 chains are not yet mature enough to support the extremely high throughput needed for mass adoption. This is especially evident in sectors like gaming, where publishers may opt to operate their own L2s with native tokens, ensuring greater control over their ecosystems.” - Jack Vinijtrongjit - Co-Founder and CEO at Saakuru Labs.

「在 Layer 2 解決方案不斷發展的格局中，我們可能會看到雙重趨勢：通用 L2 之間的整合以及隨著更多專用 L2 的出現而增加的碎片化。儘管具有潛力，L2 鏈還不夠成熟，無法支援大規模採用所需的極高吞吐量。這在遊戲等行業尤其明顯，發行商可能會選擇使用原生代幣運營自己的 L2，以確保對其生態系統有更大的控制權。 - Jack Vinijtrongjit - Saakuru Labs 聯合創辦人兼執行長。

Speed, Efficiency, Accessibility: Predicting Layer-2 Success and Shortcomings in 2025

速度、效率、可近性：預測 2025 年 Layer-2 的成功和缺點

Reimagining Financial Systems: What Does 2025 Hold for DeFi’s Ambitions?

重新構想金融體系：2025 年 DeFi 的野心是什麼？

MicroStrategy stock price rebounds after $200 million+ bitcoin purchase

購買超過 2 億美元的比特幣後 MicroStrategy 股價反彈

“The rapid growth of new L2s just shows the need and demand for scalable, cost-effective solutions. However, as we’ve seen in 2024 and in the plans for 2025, it is leading to even more fragmentation in the ecosystem. This is inevitable, but it is creating more and more silos in the industry, which is problematic. Consolidation is the most sustainable path for the whole ecosystem, as this unifies tech, teams, minds and focuses collaboration towards hyper efficiency and interoperability. This is why the Apex Fusion project is novel, with a dedicated and scalable L1 based on the Bitcoin (UTxO) and Ethereum (EVM) models.” - Christopher Greenwood - Head of Programs at Apex Fusion.

「新 L2 的快速成長顯示了對可擴展、經濟高效的解決方案的需求。然而，正如我們在 2024 年和 2025 年的計劃中看到的那樣，它正在導致生態系統更加碎片化。這是不可避免的，但它正在行業中造成越來越多的孤島，這是有問題的。整合是整個生態系統最永續的路徑，因為這可以統一技術、團隊、思想，並集中協作以實現超高效率和互通性。這就是 Apex Fusion 項目新穎的原因，它具有基於比特幣 (UTxO) 和以太坊 (EVM) 模型的專用且可擴展的 L1。 - Christopher Greenwood - Apex Fusion 專案主管。

Do you see a difference between Bitcoin L2s and Ethereum L2s?

您看到比特幣 L2 和以太坊 L2 之間有什麼區別嗎？

“The use cases of Bitcoin L2s and Ethereum L2s are different. The primary use case of Bitcoin L2s is to offer extra yield to Bitcoin holders by providing economic security to other networks and collecting a tax from that activity. By contrast, the primary use case of Ethereum L2s is to enable users to invest in DeFi at a much lower transaction cost than on Ethereum while having the peace of mind that they can withdraw their assets back to Ethereum at any time if anything goes wrong. The difference in positioning is similar to how Bitcoin is viewed as a store of value simply by holding it, whereas Ethereum is more like an ecosystem of composable DeFi protocols where many types of assets are constantly traded and put to work.” - Ken Timsit, Managing Director at Cronos.

「比特幣 L2 和以太坊 L2 的用例是不同的。比特幣 L2 的主要用例是透過為其他網路提供經濟安全並從該活動中徵稅，為比特幣持有者提供額外收益。相較之下，以太坊 L2 的主要用例是讓用戶能夠以比以太坊低得多的交易成本投資 DeFi，同時放心，如果出現任何問題，他們可以隨時將資產撤回到以太坊。定位的差異類似於比特幣透過持有而被視為一種價值儲存手段，而以太坊則更像是一個由可組合的DeFi 協議組成的生態系統，其中多種類型的資產不斷進行交易並投入使用。 - Ken Timsit，克羅諾斯董事總經理。

“T​he distinct ecosystems of Bitcoin and Ethereum are shaping divergent use cases for their respective L2s. On Bitcoin, we anticipate L2s will focus almost exclusively on DeFi applications, leveraging Bitcoin’s strengths in security and value preservation. In contrast, Ethereum’s versatile architecture will continue to drive L2s toward a broad array of applications, from gaming to social networks and beyond, cementing its role as the go-to platform for decentralized innovation.” - Jack Vinijtrongjit, Co-Founder and CEO at Saakuru Labs.

「比特幣和以太坊的獨特生態系統正在為各自的 L2 塑造不同的用例。在比特幣方面，我們預計 L2 將幾乎完全專注於 DeFi 應用，利用比特幣在安全性和保值方面的優勢。相比之下，以太坊的多功能架構將繼續推動 L2 走向廣泛的應用，從遊戲到社交網絡等，鞏固其作為去中心化創新首選平台的角色。 - Jack Vinijtrongjit，Saakuru Labs 聯合創始人兼執行長。

“Yes definitely! Bitcoin L2s, like the Lightning Network, focus on efficient, low-cost micropayments and financial transactions, more suited to Bitcoin acting as "digital cash." In contrast, Ethereum L2s, such as Optimism and Arbitrum, prioritise scalability for complex dApps, smart contracts, and DeFi. Apex Fusion bridges these paradigms by leveraging Bitcoin (UTxO) as a Layer 1 for stability and integrating high-performance L2s based on Ethereum for programmability and speed, uniting the best of

「是的，絕對是！比特幣 L2 與閃電網路一樣，專注於高效、低成本的小額支付和金融交易，更適合比特幣充當「數位現金」。相較之下，以太坊 L2，例如 Optimism 和 Arbitrum，優先考慮複雜 dApp、智慧合約和 DeFi 的可擴展性。 Apex Fusion 透過利用比特幣 (UTxO) 作為第 1 層來實現穩定性，並整合基於以太坊的高效能 L2 以實現可編程性和速度，從而彌合了這些範式，將最好的技術結合在一起