以太坊网络经历了一个显着放缓的时期

以太坊网络是分散网络的基石，也是加密货币景观中的关键播放器，目前正经历着一个显着放缓的时期。

The Ethereum network is currently experiencing a period of notable slowdown, with the daily amount of ETH burned falling to an all-time low. This signals a significant reduction in demand for Ethereum's blockspace.

以太坊网络目前正经历着一个显着放缓的时期，每天的ETH燃烧量下降到历史最低水平。这表明对以太坊块空间的需求大大减少。

As reported by Ultrasound.money, only 53.07 ETH, valued at approximately $106,000, were burned on Wednesday. This minimal burn rate is in stark contrast to the highs of over 2,000 ETH burned daily during the last bull market.

正如Ultrasound.Money报道的，只有53.07 ETH，价值约为106,000美元，在周三被烧毁。这种最小的燃烧速率与上一个牛市每天燃烧的2,000多个ETH的高点形成鲜明对比。

Ethereum's EIP-1559 upgrade, implemented in August 2021, introduced a novel transaction fee mechanism. A portion of the ETH used to pay the base transaction fee, also known as the gas fee, is burned with every block. During periods of high network activity and transaction volumes, the base fee increases, leading to a higher ETH burn. However, when there is less activity, the base fee decreases, resulting in a diminished ETH burn.

以太坊的EIP-1559升级于2021年8月实施，引入了一种新颖的交易费用机制。每个块用来支付基本交易费用（也称为汽油费）的ETH的一部分。在高网络活动和交易量的时期，基本费用增加，导致ETH燃烧更高。但是，当活动减少时，基本费用会减少，从而导致ETH燃烧减少。

This record-low daily ETH burn is a consequence of the decline in transaction fees and network demand. With less demand for Ethereum's blockspace, fewer transaction fees are being paid, ultimately reducing the amount of ETH being burned.

这种低的每日ETH燃烧是交易费用和网络需求下降的结果。随着对以太坊块空间的需求减少，支付的交易费用较少，最终减少了被烧毁的ETH数量。

According to Ultrasound.money, the current burn rate suggests that the supply of ETH is projected to grow by 0.76% annually. This minimal deflationary effect is a direct result of the low network activity and demand.

根据Ultrasound.Money的说法，目前的燃烧率表明ETH的供应预计每年增长0.76％。这种最小的放流效应是网络活动和需求低的直接结果。

The record-low ETH burn is also accompanied by a broader slowdown in on-chain activity, further indicating a decline in network utilization. For instance, the number of active Ethereum addresses has decreased to its lowest point since January 2021, as highlighted by Glassnode data.

记录的低ETH燃烧还伴随着链活动的更大放缓，进一步表明网络利用率下降。例如，正如玻璃节数据所强调的那样，活动以太坊地址的数量已减少到2021年1月以来的最低点。

Additionally, transaction counts and trading volumes on the Ethereum network have experienced a downturn, according to CCData, a digital assets data provider. These metrics collectively paint a picture of a network experiencing a period of reduced demand and activity. This slowdown could be attributed to various factors, such as market sentiment, regulatory uncertainty, and the increasing competition from Layer 2 scaling solutions.

此外，根据数字资产数据提供商CCDATA的说法，以太坊网络上的交易计数和交易量经历了下滑。这些指标集体描绘了一个网络的图片，这些网络经历了一段时间的需求和活动减少。这种放缓可能归因于各种因素，例如市场情绪，监管不确定性以及第2层缩放解决方案的竞争日益增加。

The rapid growth and increasing dominance of Layer 2 scaling solutions, like Base, Arbitrum, and Optimism, are fundamentally reshaping the Ethereum ecosystem. These solutions offer faster transaction speeds, lower fees, and improved scalability compared to the Ethereum mainnet.

第2层缩放解决方案（如基础，仲裁和乐观）的快速增长和增加的优势从根本上重塑了以太坊生态系统。与以太坊主网相比，这些解决方案提供更快的交易速度，较低的费用和提高的可伸缩性。

Layer 2s handle transaction processing off-chain and then batch transactions to the mainnet, reducing congestion and lowering gas fees. This increased efficiency has led to a migration of users and applications to Layer 2s, impacting the demand for Ethereum's mainnet blockspace.

第2层处理交易后处理，然后将交易批量交易到主网，减少拥塞并降低气体费用。这种提高的效率导致用户和应用程序迁移到第2层，从而影响了对以太坊的主网空间的需求。

The growth of Layer 2s, particularly Base, has prompted financial institutions like Standard Chartered to reassess their long-term price targets for ETH. Standard Chartered recently revised its 2025 price target for Ethereum from $10,000 to $4,000, citing the increasing dominance of Layer 2s.

第2层，尤其是基础的增长，促使金融机构（例如Sandard Charter）被租用，以重新评估其长期目标的ETH目标。 Standard Chartered最近修订了其2025年以太坊的目标目标从10,000美元到4,000美元，理由是第2层的优势越来越高。

Geoffrey Kendrick, Standard Chartered's global head of digital assets research, highlighted the "super-profits" extracted by Layer 2s from the Ethereum ecosystem, indicating a shift in value accrual from the mainnet to these scaling solutions. This assertion is supported by data from Token Terminal, which shows that Base, a Layer 2 scaling solution developed by Coinbase, has already generated $954 million in revenue this year. In contrast, the entire Ethereum network has generated $1.1 billion in revenue so far in 2024.

标准宪章的全球数字资产研究负责人杰弗里·肯德里克（Geoffrey Kendrick）强调了从以太坊生态系统中提取的“超级营能”，这表明价值应计于主网向这些扩展解决方案发生了变化。这一断言得到了Token Terminal的数据支持，Token Terminal的数据表明，Coinbase开发的2层扩展解决方案的基础已经产生了今年的收入9.54亿美元。相比之下，到目前为止，整个以太坊网络已在2024年产生了11亿美元的收入。

This shift in value creation and the potential for an "unbalanced ecosystem" have led Standard Chartered to adjust its price target accordingly. As Layer 2s continue to grow and capture more market share, it remains to be seen how this will impact the valuation and price of ETH in the long term.

价值创造的这种转变以及“不平衡生态系统”的潜力已导致宪章的标准相应地调整其目标目标。随着第2层继续增长并捕获更多的市场份额，从长远来看，这将如何影响ETH的估值和价格。

The confluence of low ETH burn rates, declining on-chain activity, and the rise of Layer 2s presents a multifaceted challenge for Ethereum. However, despite these difficulties, there are potential mitigating factors and future scenarios that could impact the network's trajectory.

低ETH燃烧率的汇合，链活动的下降和第2层的升高给以太坊带来了多方面的挑战。但是，尽管遇到了这些困难，但仍有潜在的减轻因素和未来情况会影响网络的轨迹。

One crucial factor is the upcoming implementation of EIP-4844, an Ethereum improvement proposal designed to reduce gas fees and enhance the throughput of the network. This upgrade, set for early 2025, is expected to increase demand for mainnet blockspace, potentially leading to an increase in the ETH burn rate.

一个关键因素是即将实施EIP-4844，这是一项以太坊改进的建议，旨在减少汽油费和增强网络的吞吐量。该升级定于2025年初，预计将增加对Mainnet Blockspace的需求，这可能会导致ETH燃烧率提高。

Moreover, the integration of the PoW chain, also known as ETC, via a CC0 license, could create new use cases for ETH and generate additional demand for the token. This integration, which is being spearheaded by ETC Cooperative members, aims to build a hybrid chain that combines the strengths of both PoW and PoS chains.

此外，通过CC0许可证，POW链的集成（也称为ETC）可以为ETH创建新的用例，并为令牌产生额外的需求。这种集成由ETC合作成员带头，旨在建立一个结合POW和POS链的优势的混合链。

Furthermore, the potential for increased institutional adoption of cryptocurrencies and, in particular, Ethereum could play a role in mitigating the impact of low ETH burns and spur demand for the token. As more financial institutions and corporations enter the cryptocurrency market, they might allocate a portion of their assets

此外，加密货币的机构采用尤其是以太坊的潜力可能在减轻低ETH燃烧的影响和刺激对令牌的需求方面发挥作用。随着越来越多的金融机构和公司进入加密货币市场，他们可能会分配部分资产