L2连锁店吸引了大量的流动性和以太坊的用户

L2连锁店吸引了大量的流动性和以太坊的用户，但就燃烧率而言，它们几乎没有为L1链做出贡献。

Liquidity and users have largely flowed into L2 chains from Ethereum, but they are barely contributing to the L1 chain in terms of burn rate. Even the biggest L2 chains are not burning any ETH, adding to the network’s inflation.

流动性和用户在很大程度上从以太坊流入了L2链，但就燃烧率而言，它们几乎没有为L1链做出贡献。即使是最大的L2连锁店也没有燃烧任何ETH，从而增加了网络的通货膨胀。

L2 chains are still running on Ether (ETH) virtually for free. The extremely low gas price conditions and no demand for block fees means the daily burn of ETH has slowed down even more.

L2链几乎可以免费在以太（ETH）上运行。气体价格条件极低，对收费的需求不高，这意味着ETH的每日燃烧速度降低了更多。

The outflow of revenues for Ethereum is just one of the factors affecting the network. DeFi is also shifting toward L2 and other chains, as Ethereum now carries just 51.3% of all value locked, down from over 53% in the past week. Ethereum carried over 60% of TVL in 2024, starting a trend of outflows from DeFi and DEX activity.

以太坊收入的流出只是影响网络的因素之一。 Defi也转向L2和其他连锁店，因为以太坊现在仅占所有锁定价值的51.3％，从过去一周的53％下降。以太坊在2024年载有超过60％的TVL，从而开始了DEFI和DEX活动的流出趋势。

A handful of L2 have indeed managed to take some of the traffic off Ethereum, but have left the L1 in a weakened state, with all metrics going down in the first quarter of 2024.

确实，少数L2确实设法将一些交通从以太坊中脱颖而出，但使L1处于弱势状态，所有指标在2024年第一季度下降。

Ethereum gains even smaller rent payments from L2

以太坊从L2获取较小的租金支付

During peak times in 2024, L2 chains led to the burn of 261 ETH per day, adding to the extremely low network inflation. In 2025, a total of around 602 ETH gets burned every day, but the blob fee contract is not among the leading gas burners. Blob fees now burn 17.91 ETH in a whole week, as L2s does their best to avoid paying blob fees.

在2024年的高峰时段，L2链导致每天燃烧261 ETH，增加了极低的网络通胀。在2025年，每天总共有大约602张ETH被烧毁，但是Blob Fee合同不在领先的燃气燃烧器中。 Blob Fee现在在整整一周内燃烧17.91 ETH，因为L2S尽力避免支付斑点费。

Even on busy days, L2 protocols pay only a few thousand dollars to the Ethereum L1, with fees often going down to zero.

即使在忙碌的日子里，L2协议也仅支付几千美元才能向以太坊L1支付，费用通常会降至零。

Currently, the busiest network is still Base, with the biggest number of on-chain users and activity. The chain still pays $6.41K on a busy day, with near-zero payments in the past week. Base has more than $109K in daily revenues, most of it retained for the chain’s own validators and app producers. Even Arbitrum paid less than $400 per day for all of its activity, despite being one of the top L2s with the biggest DeFi sector.

当前，最繁忙的网络仍然是基础，链上用户和活动数量最多。该连锁店在繁忙的一天仍支付6.41k美元，过去一周的付款接近零。 Base的每日收入超过10.9万美元，其中大部分保留了该连锁店自己的验证者和应用程序生产商。尽管仲裁是所有活动最大的L2，但每天的所有活动都花了不到400美元的费用。

The low rent from L2 coincides with an ongoing period of low gas fees for Ethereum. Currently, fees are back down at $0.02 for basic transactions, though rising to $0.48 for swaps. Ethereum is still widely used for stablecoins, which have flowed out of Arbitrum. Ethereum is still used to transfer USDT directly, to avoid additional bridging fees.

L2的低租金与以太坊的低汽油费用相吻合。目前，基本交易的费用降低了0.02美元，尽管掉期上涨至0.48美元。以太坊仍然广泛用于稳定的稳定剂，这些稳定蛋白已经从仲裁中流出。以太坊仍用于直接转移USDT，以避免额外的桥接费用。

Are L2 cannibalizing Ethereum?

L2蚕食以太坊吗？

The initial launch of L2 chains led to significant token burns, with up to 10K ETH destroyed per day. The early stage of L2 also led to airdrop point farming, which boosted volumes temporarily.

L2链的最初发射导致了大量的令牌烧伤，每天最多可摧毁10K ETH。 L2的早期阶段也导致了Airdrop Point农业，这暂时增加了数量。

L2 did manage to achieve cheap transactions, taking some of the volume off Ethereum. However, the chains continued to extract value from end users while paying back as little as possible to Ethereum.

L2确实设法实现了廉价的交易，从以太坊中删除了一些数量。但是，链条继续从最终用户中提取价值，同时尽可能少地偿还以太坊。

Additionally, years after introducing L2 scaling, most chains are still relatively centralized. Only Arbitrum and Optimism have a Stage 1 status with partially decentralized transaction approval. All other chains rely on a centralized transaction sequencer, which poses risks for attacks or censorship.

此外，在引入L2缩放的几年后，大多数链条仍然相对集中。只有仲裁和乐观就具有部分分散交易批准的1阶段状态。所有其他连锁店都依靠集中的交易序列，该序列构成了攻击或审查制度的风险。

L2 chains are also rarely cross-compatible and require a complex and risky ecosystem of bridging. Most L2 claim they are Ethereum maximalists, but only tap the available liquidity while running as an independent business chain.

L2链也很少互相兼容，需要一个复杂且风险的桥接生态系统。大多数L2声称它们是以太坊的最大主义者，但仅在作为独立业务链运行时点击可用的流动性。

Most L2 also have varying use cases, with some specializing in specific forms of DeFi. For now, L2 chains are extremely fragmented and often create cultures and communities widely diverging from the ideas of Ethereum.

大多数L2也具有不同的用例，其中一些专门从事特定形式的Defi。就目前而言，L2连锁店非常分散，经常创造出与以太坊思想的广泛不同的文化和社区。

Most of the activity is still concentrated within the top 5 L2 chains, while there is a total of 152 new networks that have the option to post on the Ethereum chain. The different types of L2 include optimistic rollups, ZK rollups, Validium, Optimum chains and legacy chains with no proofs such as Polygon.

大部分活动仍然集中在前5个L2链中，而总共有152个新网络可以选择在以太坊链上发布。不同类型的L2包括乐观的汇总，ZK汇总，有效的，最佳链和遗产链，没有任何证据，例如多边形。

Legacy chains such as ImmutableX and Polygon are key to the Web3 ecosystem, while newer chains have negligible activity and in some cases, only carry assets worth less than $1,000. The launch of new L2 was often tied to fundraising and token sales, but the past few years showed that demand for those types of chains is still extremely limited.

诸如Immutablex和多边形之类的传统连锁店是Web3生态系统的关键，而较新的连锁店的活动可忽略不计，在某些情况下，仅携带价值低于1,000美元的资产。新L2的推出通常与筹款和代币销售有关，但过去几年表明，对这些类型的连锁店的需求仍然非常有限。

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加密大都会学院：想在2025年养活您的钱吗？在即将到来的WebClass中学习如何使用Defi进行操作。保存您的位置