以太坊网络正在经历一段时间的活动

以太坊网络，分散应用程序的基石和市值的第二大加密货币，目前正在经历一段时间的活动

The Ethereum network, known for decentralized applications and the second-largest cryptocurrency, is currently experiencing a period of inactivity, as highlighted by the record-low daily ETH burn rate. This metric, directly tied to transaction fees, has plummeted to an all-time low, indicating a significant reduction in demand for Ethereum's blockspace.

以情绪化的应用程序和第二大加密货币而闻名的以太坊网络目前正在经历一段不活动的时期，正如创纪录的每日ETH燃烧率所强调的那样。这种与交易费用直接息息相关的度量标准局势一直降至历史最低水平，表明对以太坊块空间的需求显着减少。

The decline in network utilization is further evident in the broader slowdown of on-chain activity.

网络利用率的下降在更广泛的链活动放缓中进一步明显。

Meanwhile, the rise of Layer 2 scaling solutions, like Base, is rapidly changing the Ethereum ecosystem, leading financial institutions such as Standard Chartered to adjust their long-term price targets for ETH.

同时，第2层扩展解决方案的兴起（例如基础）正在迅速改变以太坊生态系统，领先的金融机构，例如宪章，以调整其对ETH的长期价格目标。

This article delves into the confluence of these factors, examining the implications of the low ETH burn rate, analyzing the slowdown in on-chain activity, and exploring the impact of Layer 2 competition on Ethereum's future trajectory.

本文深入研究了这些因素的融合，研究了低ETH燃烧率的含义，分析了链活动的放缓，并探讨了第2层竞争对以太坊未来轨迹的影响。

Ethereum's EIP-1559 upgrade, introduced in August 2021, brought a fundamental change to the network's transaction fee mechanism. A portion of the ETH used to pay the base transaction is burned, aiming to reduce inflationary pressure and potentially make ETH deflationary during periods of high activity.

以太坊的EIP-1559升级于2021年8月提出，为网络的交易费用机制带来了根本性的变化。用来支付基础交易的ETH的一部分被烧毁，旨在降低通货膨胀压力，并可能在高活动期间使ETH通缩。

The effectiveness of this mechanism hinges on sustained network demand. When transaction volumes are high, the base fee increases, leading to a higher ETH burn. Conversely, periods of low network activity decrease the base fee, diminishing the ETH burn.

该机制的有效性取决于持续的网络需求。当交易量很高时，基本费用会增加，导致ETH燃烧更高。相反，低网络活动的时期减少了基本费用，从而减少了ETH燃烧。

The record-low daily ETH burn of 53.07 ETH, valued at approximately $106,000, underscores the substantial decline in transaction fees and, consequently, the significant reduction in network demand. This low burn rate translates to a reduced deflationary effect, as a minimal amount of ETH is being removed from circulation.

纪录的每日ETH燃烧为53.07 ETH，价值约为106,000美元，突显了交易费用的大幅下降，因此网络需求的显着降低。这种低燃烧速率转化为减少通缩效应，因为从循环中除去了最小的ETH。

According to Ultrasound.money data, the current burn rate suggests that the supply of ETH is projected to grow by 0.76% annually, highlighting the impact of low network activity on the asset's deflationary potential.

根据Ultrasound.Money数据，目前的燃烧率表明，ETH的供应预计每年将增长0.76％，强调了低网络活动对资产放流潜力的影响。

The record-low ETH burn is part of a broader slowdown in on-chain activity, signaling a systemic decline in network utilization.

记录低的ETH燃烧是链上活动的更广泛放缓的一部分，这表明网络利用率的系统性下降。

These metrics collectively depict a network experiencing a period of reduced demand and activity. This slowdown could be attributed to various factors, including market sentiment, regulatory uncertainty, and the increasing competition from Layer 2 scaling solutions.

这些指标共同描绘了一个网络，经历了一段时间的需求和活动。这种放缓可能归因于各种因素，包括市场情绪，监管不确定性以及第2层缩放解决方案的竞争日益增加。

Layer 2s, like Arbitrum and Optimism, offer faster transaction speeds, lower fees, and improved scalability compared to the Ethereum mainnet. They process transactions off-chain and batch them to the mainnet, reducing congestion and gas fees. This efficiency increases users and applications to opt for Layer 2s, impacting the demand for Ethereum's mainnet blockspace.

与以太坊主网相比，第2层（如仲裁和乐观）提供了更快的交易速度，较低的费用和提高的可伸缩性。他们处理链接的交易并将其批量划分到主网，以减少交通拥堵和汽油费。这种效率提高了用户和应用程序，以选择第2层，从而影响以太坊的主网空间的需求。

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

第2层的快速增长，尤其是基础，导致金融机构重新评估其对ETH的长期目标目标。 《标准宪章》最近修订了其2025年以太坊的目标目标从10,000美元下降到4,000美元。

Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, pointed out the "super-profits" being extracted by Layer 2s from the Ethereum ecosystem. This statement hints at a shift in value accrual from the mainnet to these scaling solutions, raising questions about Ethereum's long-term value proposition.

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）指出，从以太坊生态系统中提取的2层提取了“超级营养”。该陈述暗示，价值从主网转移到这些扩展解决方案，提出了有关以太坊的长期价值主张的问题。

The confluence of a low ETH burn rate, declining on-chain activity, and the rise of Layer 2s presents a multifaceted challenge for Ethereum. In the face of these challenges, Ethereum still has potential mitigating factors and future scenarios.

低频率燃烧速率的汇合，链上活性下降和第2层的上升给以太坊带来了多方面的挑战。面对这些挑战，以太坊仍然具有潜在的缓解因素和未来情况。

The crypto community will be closely monitoring the progress of the Ethereum ecosystem as it navigates ebbing tides and charts a course towards renewed growth and dominance.

加密社区将密切监视以太坊生态系统的进步，因为它导航潮汐并为新的增长和优势绘制了一条课程。