哪些 Layer 2 代币值得您投资？

Which Layer 2 Tokens Should You Hold?

您应该持有哪些 Layer 2 代币？

The Economics of Layer 2s

Layer 2 的经济学

As we've seen, Layer 2 solutions (L2s) generate substantial revenue through transaction fees. However, they also incur expenses in the form of gas fees paid to Ethereum for transaction settlement.

正如我们所看到的，第 2 层解决方案 (L2) 通过交易费用产生大量收入。然而，他们也会以支付给以太坊进行交易结算的汽油费的形式产生费用。

Profitability Trends

盈利趋势

Arbitrum and Optimism are currently generating over $200,000 in weekly profits. Base's profits are higher, but this may be due to launch hype and may not be sustainable.

Arbitrum 和 Optimism 目前每周的利润超过 200,000 美元。 Base的利润较高，但这可能是由于推出炒作，可能不可持续。

Polygon's Unique Position

Polygon 的独特地位

Polygon, not yet an L2, doesn't pay Ethereum for transaction settlement. Instead, it secures its own blockspace, incurring expenses through its fee revenue and MATIC inflation.

Polygon 还不是 L2，不向以太坊支付交易结算费用。相反，它保护自己的区块空间，通过其费用收入和 MATIC 通胀产生费用。

Tokenomics and Value Accrual

代币经济学和价值累积

$OP (Optimism)

$OP（乐观）

• Token Utility: Staking, governance, transaction fee discounts
• Value Accrual: Revenue sharing with stakers, potential for future fee-burning mechanisms

$ARB (Arbitrum)

代币效用：质押、治理、交易费用折扣价值应计：与质押者分享收入、未来费用消耗机制的潜力$ARB（仲裁）

• Token Utility: Governance, fee discounts
• Value Accrual: Staking rewards, potential for fee-burning mechanisms

Investment Considerations

代币效用：治理、费用折扣价值累积：质押奖励、费用消耗机制的潜力投资考虑因素

Short-Term

短期

• Arbitrum and Optimism may offer near-term upside potential due to growing revenues and user adoption.

Long-Term

由于收入和用户采用率的增长，仲裁和乐观可能会带来近期的上行潜力。长期

• All L2s have the potential for long-term value accrual as they become more integrated into the web3 infrastructure.
• The specific token performance will depend on factors such as tokenomics, ecosystem growth, and market conditions.

Conclusion

随着所有 L2 更加融入 web3 基础设施，它们都具有长期价值增值的潜力。具体的代币表现将取决于代币经济学、生态系统增长和市场条件等因素。结论

While all L2 tokens have potential, Arbitrum and Optimism stand out as promising investment opportunities due to their strong profitability and tokenomics. Polygon, while not an L2, also has its own unique value proposition.

虽然所有 L2 代币都具有潜力，但 Arbitrum 和 Optimism 因其强大的盈利能力和代币经济学而成为有前景的投资机会。 Polygon 虽然不是 L2，但也有自己独特的价值主张。

Disclaimer: This analysis is for informational purposes only and should not be considered investment advice.

免责声明：本分析仅供参考，不应被视为投资建议。