随着 L2 扩展网络推动数据存储需求，以太坊 (ETH) 网络收入可能会反弹

11 月份，以太坊 L2 每天向主网发布的交易数据比 3 月份多出三倍

Ethereum network revenues are poised to rebound as surging activity on layer-2 (L2) scaling networks drives demand for data storage, according to cryptocurrency researchers and onchain data.

根据加密货币研究人员和链上数据，随着第 2 层 (L2) 扩展网络的激增推动数据存储需求，以太坊网络收入有望反弹。

In November, Ethereum L2s have been posting upward of three times more transaction data each day to the mainnet than they did in March, according to data from Dune Analytics.

根据 Dune Analytics 的数据，11 月份，以太坊 L2 每天向主网发布的交易数据比 3 月份多出三倍。

Ethereum’s revenues dropped by as much as 95% after the network’s March Dencun upgrade migrated L2 transaction data to temporary offchain stores called “blobs” in a bid to cut costs for users, according to data from asset manager VanEck.

资产管理公司 VanEck 的数据显示，在网络 3 月份的 Dencun 升级将 L2 交易数据迁移到名为“blob”的临时链下商店以降低用户成本后，以太坊的收入下降了 95%。

“ETH Fees Were Weak Due to Lack of Blob Revenues as L2s Have Not Filled Available Capacity,” Matthew Sigel, VanEck’s head of digital asset research, said in a Nov. 1 post on the X platform.

VanEck 数字资产研究主管 Matthew Sigel 在 11 月 1 日在 X 平台上发表的一篇文章中表示：“由于 L2 尚未填满可用容量，因此缺乏 Blob 收入，ETH 费用疲软。”

“There is Some Evidence this is Changing, thanks to Base, Scroll and World Chain,” Sigel said, referring to three popular L2s.

“有一些证据表明，由于 Base、Scroll 和 World Chain，这种情况正在发生变化，”Sigel 说道，他指的是三种流行的 L2。

Source: Dune Analytics

资料来源：沙丘分析

In September, Sigel said he expects Ethereum to generate up to $66 billion in annual free cash flow by 2030, driving spot Ether’s price as high as $22,000 per Ether ETH $2,898.02 token.

9 月，Sigel 表示，他预计到 2030 年，以太坊每年将产生高达 660 亿美元的自由现金流，从而推动以太币现货价格高达 22,000 美元/以太币 ETH 2,898.02 美元。

His estimate reflects anticipated value accrual to ETH holders from transaction fees as Ethereum processes a growing portion of the world’s transactions.

他的估计反映了随着以太坊处理世界上越来越多的交易，以太坊持有者将从交易费用中获得的预期价值。

“Ethereum processed roughly $4 trillion in settlement value over the last year and another $5 trillion in stablecoin transfers annually. So this is far bigger than PayPal and is beginning to approach networks like Visa,” Sigel said.

“去年，以太坊处理了大约 4 万亿美元的结算价值，每年还处理了 5 万亿美元的稳定币转账。因此，这比 PayPal 规模要大得多，并且正在开始接触 Visa 等网络。”Sigel 说道。

Since launching in 2015, Ethereum has generated $3 billion in fees (denominated in ETH), Sigel said.

Sigel 表示，自 2015 年推出以来，以太坊已产生 30 亿美元的费用（以 ETH 计价）。

Other ETH value accrual mechanisms include “burning” — or permanently removing from circulation — a portion of transaction fees and emitting new ETH to reward stakers, who post ETH as collateral to secure the network.

其他 ETH 价值累积机制包括“销毁”（或永久从流通中移除）部分交易费用，以及发行新的 ETH 来奖励利益相关者，这些利益相关者将 ETH 作为抵押品以确保网络安全。

Scenarios for ETH by 2030. Source: VanEck

到 2030 年 ETH 的情景。来源：VanEck

On Nov. 6, ETH prices spiked 10% after crypto-friendly Republican Donald Trump prevailed in the United States presidential elections.

11 月 6 日，对加密货币友好的共和党人唐纳德·特朗普在美国总统选举中获胜后，ETH 价格飙升 10%。

Meanwhile, US spot Ether exchange-traded funds (ETFs) saw net inflows of $52.3 million, the highest in six weeks.

与此同时，美国现货以太币交易所交易基金 (ETF) 净流入 5230 万美元，创六周以来最高水平。

Trump’s victory in the presidential election could pave the way for more crypto investing products to hit the US markets, including the first staked ETH ETFs, according to Edward Wilson, an analyst at Nansen.

Nansen 分析师 Edward Wilson 表示，特朗普在总统选举中的胜利可能为更多加密货币投资产品进入美国市场铺平道路，其中包括首批质押 ETH ETF。

Other protocols are competing against Ethereum in data availability. They include Celestia, EigenDA and Avail, among others.

其他协议在数据可用性方面正在与以太坊竞争。其中包括 Celestia、EigenDA 和 Avail 等。