比特币（BTC）第2层高管解释了“被夸大”的叙事现在如何“完全消失”

比特币2层高管解释了在生态系统发展时“被夸大”的比特币叙事如何完全消失。

An executive at a Bitcoin layer-2 firm has explained how several Bitcoin narratives that were "overhyped" have now wholly vanished as the ecosystem develops.

一家比特币2层公司的高管解释了随着生态系统的发展，几种“被夸大”的比特币叙事如何完全消失。

In a Cointelegraph interview, Bitlayer co-founder Charlie Hu laid out three Bitcoin narratives that he believed were overhyped. This included narratives that surrounded Ordinals, layer-2s and re-staking.

Bitlayer联合创始人查理·胡（Charlie Hu）在一次Cointelegraph采访中阐述了他认为被夸大的三个比特币叙述。这包括围绕着序数，第2层和重新制作的叙述。

According to Hu, one of the overhyped narratives in Bitcoin was non-fungible tokens (NFTs). The executive told Cointelegraph that while inscriptions may have gone "to the moon," Hu said the era is "completely gone."

根据HU的说法，比特币中的一种被夸大的叙述是不可杀死的令牌（NFTS）。高管告诉Cointelegraph，Hu说，虽然铭文可能已经“月球”，但时代“完全消失了”。

CryptoSlam data shows that in the first quarter of 2024, Bitcoin NFTs had a volume of $1.4 billion. In 2025 Q1, the volume is only at $280 million, showing an 80% drop. The executive believes that the 1,000x days of Bitcoin NFTs may be over and that people can’t expect similar "crazy" price performances anymore.

CryptoSlam数据显示，在2024年第一季度，比特币NFTS的数量为14亿美元。在2025年第1季度，该销量仅为2.8亿美元，显示80％的下降。高管认为，比特币NFT的1,000倍天可能已经结束，人们不再期望类似的“疯狂”价格表现。

Are Bitcoin layer-2s running out of steam?

比特币2层是否用尽蒸汽？

Apart from Bitcoin NFTs, Hu told Cointelegraph that the hype around Bitcoin layer-2 and Bitcoin re-staking has also declined among venture capitalists.

除比特币NFT外，Hu告诉Cointelegraph，Bitcoin Layer-2层和比特币重新制作的炒作在风险投资家中也有所下降。

Hu told Cointelegraph that at least 80 layer-2 networks aimed to get funded at the beginning of 2024 when the layer-2 narrative was strong. The executive said many projects pitched their ideas to investors, the media and different communities. Hu said that while there was some hype, this was "definitely over."

Hu告诉Cointelegraph，至少80层网络旨在在2024年初的第二层叙述强劲时获得资金。高管说，许多项目将他们的想法推向了投资者，媒体和不同的社区。胡说，尽管有些炒作，但这“肯定已经结束”。

Many other crypto executives and entrepreneurs resonate with Hu's point of view about the dying hype around layer-2 ecosystems. On Feb. 20, Stacks co-founder Muneeb Ali said the "honeymoon phase" for Bitcoin layer-2s is over. The executive said that most projects will cease to exist as their initial excitement fades.

许多其他加密高管和企业家与HU关于第二层生态系统垂死的炒作的观点产生了共鸣。 2月20日，Stacks联合创始人Muneeb Ali表示，比特币2层的“蜜月阶段”已经结束。高管表示，大多数项目将不再存在，因为它们的最初兴奋会消失。

Meanwhile, Hu also told Cointelegraph that a third "overhyped" narrative was Bitcoin re-staking. Hu told Cointelegraph that at the moment, there are only 2 to 3 projects still surviving after the peak of the narrative's hype phase in 2024.

同时，胡还告诉Cointelegraph，第三个“夸张的”叙述是比特币重新制作的。胡告诉Cointelegraph，目前，在叙事阶段达到2024年的高峰之后，只有2至3个项目仍然存在。

While some hyped narratives started to fade, Hu believes there are many things to look forward to in the growing Bitcoin ecosystem. The executive said that while layer-2s are a great narrative, they see it more as an engine that powers Bitcoin's decentralized finance (DeFi) ecosystem, which could allow holders to explore yield opportunities. Hu told Cointelegraph:

尽管一些大肆宣传的叙述开始消失，但胡认为，在不断增长的比特币生态系统中，有很多事情值得期待。这位高管说，尽管第2层是一个很好的叙述，但他们将其视为为比特币分散融资（DEFI）生态系统提供动力的引擎，这可以使持有人能够探索产量机会。胡告诉Cointelegraph：

"We are still very early in the Bitcoin DeFi journey. Although there has been a significant focus on layer-2s, which are a crucial technological advancement for Bitcoin DeFi to develop, we are still in the nascent stages of realizing the full potential of Bitcoin DeFi."

“我们在比特币Defi之旅中仍然很早。尽管人们对比特币Defi的发展是至关重要的技术进步，但我们仍处于实现比特币Defi的全部潜力的新生阶段。”

Related: Bitcoin volatility hits 3.6% amid heightened market uncertainty

相关：由于市场不确定性增强，比特币波动率在3.6％

Bitcoin DeFi yet to take off

比特币Defi尚未起飞

Meanwhile, Dominik Harz, the co-founder of hybrid layer-2 Build on Bitcoin (BOB), told Cointelegraph that Bitcoin layer-2s should be seen as a long-term play.

同时，Hybrid Layer-2的联合创始人Dominik Harz在比特币（Bob）上建立，他告诉Cointelegraph，比特币2层应视为长期游戏。

"Looking at Bitcoin Layer-2s through a short-term lens misses the point. Hype cycles come and go, but lasting developments in crypto, like Bitcoin itself, are inherently long-term plays," Harz said.

哈兹说：“通过短期镜头看比特币2层，这错过了这一点。炒作周期来来去去，但是加密货币本身的持久发展是长期的长期游戏。”

The executive also believes that Bitcoin DeFi has not yet reached its full potential. "Bitcoin DeFi hasn’t even really taken off yet. We’re very early. Only 0.3% of Bitcoin’s market cap is active in DeFi right now compared to 30% for Ethereum," Harz told Cointelegraph.

高管还认为，比特币Defi尚未发挥全部潜力。 Harz告诉Cointelegraph：“比特币Defi甚至还没有真正起飞。我们很早。比特币的市值中只有0.3％在DEFI中活跃起来，而以太坊的市值为30％。”

Harz pointed out this was a 100x discrepancy, saying it would decrease rapidly as Bitcoin DeFi explodes. The executive also said layer-2s are necessary technological advancements for Bitcoin DeFi to hit the market.

哈兹指出，这是100倍的差异，称随着比特币Defi的爆炸，它将迅速减少。高管还说，第2层是比特币Defi上市的必要技术进步。

Max Sanchez, the chief technology officer of layer-2 protocol Hemi Labs, also believes that Bitcoin layer-2s are not losing steam.

第2层协议Hemi Labs的首席技术官Max Sanchez还认为，比特币2层不会失去蒸汽。

The executive told Cointelegraph that the space is entering a maturation phase where fundamentals matter. Sanchez said that many early projects in the Bitcoin layer-2 space brought technology from Ethereum without adapting it to Bitcoin's unique architecture "in a way that truly extends Bitcoin."

高管告诉Cointelegraph，该空间正在进入基本面重要的成熟阶段。桑切斯说，比特币2层空间中的许多早期项目都从以太坊带来了技术，而没有将其改编为比特币独特的建筑“以真正扩展比特币的方式”。

Sanchez, who works on a hybrid project connecting to Ethereum, also said that building a layer-2 in just one silo and forgoing interoperability with Ethereum-based protocols is a "false notion."

桑切斯（Sanchez）从事连接到以太坊的混合项目的桑切斯（Sanchez）还说，仅在一个筒仓中建立2层，并与基于以太坊的协议进行互操作性是“错误的概念”。