VanEck 預測以太坊第 2 層網路的收入將超過基礎以太坊，到 2030 年市值將達到 1T 美元

投資管理公司 VanEck 的分析師預測，由於以太坊第 2 層 (L2) 網路能夠克服以太坊的可擴展性限制，到 2030 年，其市值將達到驚人的 1 兆美元。儘管承認以太坊在智慧合約中的主導地位，但他們強調了阻礙網路成長的可擴展性的關鍵問題。

VanEck Predicts Ethereum Layer 2 Networks to Surpass Base Ethereum Network in Revenue, Reaching Trillion-Dollar Market Cap by 2030

VanEck 預測以太坊第 2 層網路的收入將超過基礎以太坊網絡，到 2030 年市值將達到萬億美元

New York, April 3, 2023 - A comprehensive report released today by VanEck, a leading investment management company, projects a remarkable growth trajectory for Ethereum layer 2 (L2) networks, forecasting that they will collectively attain a staggering $1 trillion market capitalization by 2030.

紐約，2023 年4 月3 日- 領先的投資管理公司VanEck 今天發布的一份綜合報告預測了以太坊第2 層(L2) 網路的顯著增長軌跡，預測到2030 年它們的市值將達到驚人的1 兆美元。

Authored by Patrick Bush, Senior Digital Assets Investment Analyst, and Matthew Sigel, Digital Assets Research Head, the report delves into the intricate dynamics of the Ethereum blockchain and its L2 solutions, providing a nuanced analysis of the factors driving their projected exponential growth.

該報告由高級數位資產投資分析師Patrick Bush 和數位資產研究主管Matthew Sigel 撰寫，深入研究了以太坊區塊鏈及其L2 解決方案的複雜動態，對推動其預計指數增長的因素進行了細緻入微的分析。

Ethereum's Scalability Bottlenecks and L2 Solutions

以太坊的可擴展性瓶頸和L2解決方案

At the core of the report's bullish outlook on L2 networks is the recognition of Ethereum's current scalability limitations. As the preeminent smart contract platform, Ethereum's dominance is attributed to its unmatched security and decentralization. However, its processing, storage, and data computing capabilities have struggled to keep pace with the burgeoning demand for its services.

該報告對 L2 網路的樂觀前景的核心是認識到以太坊當前的可擴展性限制。作為卓越的智慧合約平台，以太坊的主導地位歸因於其無與倫比的安全性和去中心化性。然而，其處理、儲存和資料運算能力一直難以跟上對其服務不斷增長的需求。

This scalability deficit manifests itself in the form of escalating transaction fees and prolonged processing times, particularly during periods of high network activity. To address this bottleneck, Ethereum developers have dedicated significant efforts towards enhancing the network's layer-2 transaction processing capabilities.

這種可擴展性缺陷表現為交易費用不斷上漲和處理時間延長，特別是在網路活動頻繁期間。為了解決這個瓶頸，以太坊開發人員投入了大量精力來增強網路的第 2 層交易處理能力。

L2 Networks: A Path to Exponential Growth

L2 網路：指數級成長之路

Layer-2 solutions, operating on top of the Ethereum blockchain, are designed to alleviate the scalability challenges faced by the base layer. They offer faster transaction processing and reduced costs, enabling a wider range of use cases and applications to flourish on the Ethereum ecosystem.

第 2 層解決方案在以太坊區塊鏈之上運行，旨在緩解基礎層面臨的可擴展性挑戰。它們提供更快的交易處理和更低的成本，使更廣泛的用例和應用程式能夠在以太坊生態系統上蓬勃發展。

VanEck analysts Bush and Sigel predict that L2 networks will capitalize on Ethereum's scalability shortcomings and emerge as a dominant force in the blockchain landscape. The report highlights the recent Dencun upgrade as a testament to Ethereum's commitment to addressing scalability concerns and improving user experience.

VanEck 分析師 Bush 和 Sigel 預測，L2 網路將利用以太坊的可擴展性缺陷，並成為區塊鏈領域的主導力量。該報告強調了最近的 Dencun 升級，證明了以太坊致力於解決可擴展性問題並改善用戶體驗。

Revenue Generation Potential of L2 Networks

L2 網路的創收潛力

In a bold projection, Bush and Sigel anticipate that L2 networks have a high probability of generating significantly greater revenues than the base Ethereum network. This assertion is based on the superior transaction throughput and user experience offered by L2s.

Bush 和 Sigel 進行了大膽的預測，預計 L2 網路很有可能比基礎以太坊網路產生顯著更高的收入。這項斷言是基於 L2 提供的卓越交易吞吐量和使用者體驗。

The report envisions a future where numerous use case-specific layer 2 networks emerge on the blockchain, each catering to specific sectors, applications, or functions. This proliferation of L2 networks is poised to reshape industries and unlock unprecedented possibilities, ranging from decentralized social media platforms to specialized financial applications.

該報告展望了未來，區塊鏈上會出現大量特定用例的第 2 層網絡，每個網絡都迎合特定的部門、應用程式或功能。 L2 網路的激增必將重塑產業並釋放前所未有的可能性，從去中心化的社群媒體平台到專業的金融應用程式。

Emergence of General-Purpose L2 Chains

通用 L2 鏈的出現

While the report anticipates a diverse ecosystem of L2 networks, it also predicts the eventual emergence of a select few general-purpose layer 2 chains. These chains, by virtue of their network effects and wide user base, are expected to corner a substantial portion of the market value within the space.

雖然該報告預測了 L2 網路的多樣化生態系統，但它也預測最終會出現一些選定的通用第 2 層鏈。這些連鎖店憑藉其網路效應和廣泛的用戶基礎，預計將佔據該領域很大一部分市場價值。

Cautious Approach to L2-Related Tokens

謹慎對待 L2 相關代幣

Despite the optimistic outlook for L2 networks, Bush and Sigel caution against excessive valuations for L2-related tokens. They note the intense competition in the market, with the top seven Ethereum layer 2 tokens already boasting a substantial $40 billion fully diluted valuation.

儘管 L2 網路前景樂觀，但 Bush 和 Sigel 對 L2 相關代幣的估值過高持謹慎態度。他們注意到市場競爭激烈，排名前七的以太坊第 2 層代幣已經擁有 400 億美元的完全稀釋估值。

The report urges caution in assessing future growth prospects, recognizing the potential for market saturation in the L2 token space.

該報告敦促謹慎評估未來的成長前景，並認識到 L2 代幣領域市場飽和的潛力。

Conclusion

結論

VanEck's report on Ethereum layer 2 networks offers a compelling vision of the blockchain's future, characterized by scalability breakthroughs, explosive growth, and transformative applications. As the Ethereum ecosystem continues to evolve and innovate, the journey towards a trillion-dollar market cap by 2030 appears increasingly plausible.

VanEck 關於以太坊第 2 層網路的報告為區塊鏈的未來提供了令人信服的願景，其特點是可擴展性突破、爆炸性增長和變革性應用程式。隨著以太坊生態系統不斷發展和創新，到 2030 年實現萬億美元市值的旅程似乎越來越有可能。