哪些 Layer 2 代幣值得您投資？

Which Layer 2 Tokens Should You Hold?

您應該持有哪些 Layer 2 代幣？

The Economics of Layer 2s

Layer 2 的經濟學

As we've seen, Layer 2 solutions (L2s) generate substantial revenue through transaction fees. However, they also incur expenses in the form of gas fees paid to Ethereum for transaction settlement.

正如我們所看到的，第 2 層解決方案 (L2) 透過交易費用產生大量收入。然而，他們也會以支付給以太坊進行交易結算的汽油費的形式產生費用。

Profitability Trends

獲利趨勢

Arbitrum and Optimism are currently generating over $200,000 in weekly profits. Base's profits are higher, but this may be due to launch hype and may not be sustainable.

Arbitrum 和 Optimism 目前每週的利潤超過 20 萬美元。 Base的利潤較高，但這可能是由於推出炒作，可能無法持續。

Polygon's Unique Position

Polygon 的獨特地位

Polygon, not yet an L2, doesn't pay Ethereum for transaction settlement. Instead, it secures its own blockspace, incurring expenses through its fee revenue and MATIC inflation.

Polygon 還不是 L2，不向以太坊支付交易結算費用。相反，它保護自己的區塊空間，透過其費用收入和 MATIC 通膨產生費用。

Tokenomics and Value Accrual

代幣經濟學和價值累積

$OP (Optimism)

$OP（樂觀）

• Token Utility: Staking, governance, transaction fee discounts
• Value Accrual: Revenue sharing with stakers, potential for future fee-burning mechanisms

$ARB (Arbitrum)

代幣效用：質押、治理、交易費用折扣價值應計：與質押者分享收入、未來費用消耗機制的潛力$ARB（仲裁）

• Token Utility: Governance, fee discounts
• Value Accrual: Staking rewards, potential for fee-burning mechanisms

Investment Considerations

代幣效用：治理、費用折扣價值累積：質押獎勵、費用消耗機制的潛力投資考量

Short-Term

短期

• Arbitrum and Optimism may offer near-term upside potential due to growing revenues and user adoption.

Long-Term

由於收入和用戶採用率的成長，仲裁和樂觀可能會帶來近期的上行潛力。長期

• All L2s have the potential for long-term value accrual as they become more integrated into the web3 infrastructure.
• The specific token performance will depend on factors such as tokenomics, ecosystem growth, and market conditions.

Conclusion

隨著所有 L2 更加融入 web3 基礎設施，它們都具有長期價值增值的潛力。具體的代幣表現將取決於代幣經濟學、生態系統成長和市場條件等因素。結論

While all L2 tokens have potential, Arbitrum and Optimism stand out as promising investment opportunities due to their strong profitability and tokenomics. Polygon, while not an L2, also has its own unique value proposition.

雖然所有 L2 代幣都具有潛力，但 Arbitrum 和 Optimism 因其強大的獲利能力和代幣經濟學而成為有前景的投資機會。 Polygon 雖然不是 L2，但也有自己獨特的價值主張。

Disclaimer: This analysis is for informational purposes only and should not be considered investment advice.

免責聲明：本分析僅供參考，不應視為投資建議。