Layer 2 解决方案：在喧闹的市场中将黄金与垃圾分离

Layer 2 Solutions: Assessing Value and Avoiding 'Garbage' Investments Amidst Market Noise

第 2 层解决方案：在市场噪音中评估价值并避免“垃圾”投资

Emin Gün Sirer, the founder and CEO of Ava Labs, has raised concerns over the proliferation of subpar layer 2 (L2) solutions, drawing parallels to the catastrophic collapse of FTX. In a recent interview with Platform X, Sirer cautioned investors against indulging in "garbage" projects that lack substance.

Ava Labs 的创始人兼首席执行官 Emin Gün Sirer 对低于标准的第 2 层 (L2) 解决方案的扩散表示担忧，这与 FTX 的灾难性崩溃相似。在最近接受 Platform X 采访时，Sirer 警告投资者不要沉迷于缺乏实质内容的“垃圾”项目。

Ignoring Red Flags Poses Risks

忽视危险信号会带来风险

Sirer lamented the crypto community's penchant for ignoring warning signs, particularly in regard to individuals who initially appear successful. He emphasized that the upcoming market cycles are likely to witness an uptick in predatory behavior and rampant noise. The ease with which low-quality L2 solutions can be launched has further exacerbated this concerning trend.

Sirer 对加密货币社区忽视警告信号的倾向感到遗憾，特别是对于那些最初看似成功的个人。他强调，即将到来的市场周期可能会见证掠夺性行为和猖獗噪音的增加。低质量 L2 解决方案的轻易推出进一步加剧了这一令人担忧的趋势。

Gaps Between Marketing Hype and Technical Reality

营销炒作与技术现实之间的差距

Sirer highlighted specific concerns related to the disconnect between marketing claims and technical capabilities of certain L2 projects. He underscored the prevalence of centralized sequencers within these projects, which lack the proper anti-fraud measures.

Sirer 强调了与某些 L2 项目的营销主张和技术能力之间脱节相关的具体担忧。他强调这些项目中普遍存在集中测序仪，缺乏适当的反欺诈措施。

Additionally, Sirer criticized L2 solutions that conduct token sales solely for fundraising purposes without offering genuine utility within their networks, suggesting a lack of intrinsic value or innovation. He also cautioned against token sales conducted prematurely by project founders, as this could signal a lack of confidence in long-term sustainability.

此外，Sirer 批评 L2 解决方案仅出于筹款目的进行代币销售，而没有在其网络内提供真正的效用，这表明缺乏内在价值或创新。他还警告项目创始人不要过早进行代币销售，因为这可能表明对长期可持续性缺乏信心。

Criteria for Identifying Legitimate Projects

识别合法项目的标准

To discern between legitimate and spurious L2 projects, Sirer advised investors to seek out solutions that address fundamental challenges within the crypto ecosystem, such as performance, scalability, and seamless integration with traditional financial systems. He emphasized the significance of L2 platforms that support diverse use cases and offer benefits beyond mere technical enhancements.

为了辨别合法和虚假的 L2 项目，Sirer 建议投资者寻找能够解决加密生态系统内基本挑战的解决方案，例如性能、可扩展性以及与传统金融系统的无缝集成。他强调了 L2 平台的重要性，该平台支持多种用例并提供超越单纯技术增强的好处。

Ethical Considerations

道德考虑

Sirer stressed the paramount importance of ethical conduct among developers, as unethical behavior can undermine project integrity. He recommended that investors carefully assess the track record and reputation of project teams before making any investment decisions.

Sirer 强调了开发商道德行为的重要性，因为不道德行为可能会破坏项目的完整性。他建议投资者在做出任何投资决定之前仔细评估项目团队的业绩记录和声誉。

Ethereum L2 Ecosystem Shows Promise

以太坊 L2 生态系统展现出希望

Despite the concerns raised, the Ethereum L2 ecosystem has demonstrated remarkable growth, with its total value locked (TVL) surpassing $38 billion. In October 2023, L2 transaction activity on Ethereum's main network surpassed that of the main network itself. As of today, L2 networks handle approximately five times more transactions than the main network, as reported by L2beat.

尽管存在担忧，以太坊 L2 生态系统仍表现出显着的增长，其锁定总价值 (TVL) 超过 380 亿美元。 2023年10月，以太坊主网上的L2交易活动超过了主网络本身。据 L2beat 报道，截至目前，L2 网络处理的交易量大约是主网络的五倍。

Conclusion

结论

In the rapidly evolving crypto landscape, it is crucial for investors to exercise due diligence and discernment when assessing L2 solutions. By adhering to the criteria outlined by Sirer, investors can mitigate the risk of investing in "garbage" projects and maximize the potential for long-term returns.

在快速发展的加密货币领域，投资者在评估 L2 解决方案时进行尽职调查和辨别至关重要。通过遵守 Sirer 概述的标准，投资者可以降低投资“垃圾”项目的风险，并最大限度地发挥长期回报的潜力。