VanEck 预测以太坊第 2 层网络的收入将超过基础以太坊，到 2030 年市值将达到 1T 美元

投资管理公司 VanEck 的分析师预测，由于以太坊第 2 层 (L2) 网络能够克服以太坊的可扩展性限制，到 2030 年，其市值将达到惊人的 1 万亿美元。尽管承认以太坊在智能合约中的主导地位，但他们强调了阻碍网络增长的可扩展性的关键问题。

VanEck Predicts Ethereum Layer 2 Networks to Surpass Base Ethereum Network in Revenue, Reaching Trillion-Dollar Market Cap by 2030

VanEck 预测以太坊第 2 层网络的收入将超过基础以太坊网络，到 2030 年市值将达到万亿美元

New York, April 3, 2023 - A comprehensive report released today by VanEck, a leading investment management company, projects a remarkable growth trajectory for Ethereum layer 2 (L2) networks, forecasting that they will collectively attain a staggering $1 trillion market capitalization by 2030.

纽约，2023 年 4 月 3 日 - 领先的投资管理公司 VanEck 今天发布的一份综合报告预测了以太坊第 2 层 (L2) 网络的显着增长轨迹，预测到 2030 年它们的市值将达到惊人的 1 万亿美元。

Authored by Patrick Bush, Senior Digital Assets Investment Analyst, and Matthew Sigel, Digital Assets Research Head, the report delves into the intricate dynamics of the Ethereum blockchain and its L2 solutions, providing a nuanced analysis of the factors driving their projected exponential growth.

该报告由高级数字资产投资分析师 Patrick Bush 和数字资产研究主管 Matthew Sigel 撰写，深入研究了以太坊区块链及其 L2 解决方案的复杂动态，对推动其预计指数增长的因素进行了细致入微的分析。

Ethereum's Scalability Bottlenecks and L2 Solutions

以太坊的可扩展性瓶颈和L2解决方案

At the core of the report's bullish outlook on L2 networks is the recognition of Ethereum's current scalability limitations. As the preeminent smart contract platform, Ethereum's dominance is attributed to its unmatched security and decentralization. However, its processing, storage, and data computing capabilities have struggled to keep pace with the burgeoning demand for its services.

该报告对 L2 网络的乐观前景的核心是认识到以太坊当前的可扩展性限制。作为卓越的智能合约平台，以太坊的主导地位归因于其无与伦比的安全性和去中心化性。然而，其处理、存储和数据计算能力一直难以跟上对其服务不断增长的需求。

This scalability deficit manifests itself in the form of escalating transaction fees and prolonged processing times, particularly during periods of high network activity. To address this bottleneck, Ethereum developers have dedicated significant efforts towards enhancing the network's layer-2 transaction processing capabilities.

这种可扩展性缺陷表现为交易费用不断上涨和处理时间延长，特别是在网络活动频繁期间。为了解决这个瓶颈，以太坊开发人员投入了大量精力来增强网络的第 2 层交易处理能力。

L2 Networks: A Path to Exponential Growth

L2 网络：指数级增长之路

Layer-2 solutions, operating on top of the Ethereum blockchain, are designed to alleviate the scalability challenges faced by the base layer. They offer faster transaction processing and reduced costs, enabling a wider range of use cases and applications to flourish on the Ethereum ecosystem.

第 2 层解决方案在以太坊区块链之上运行，旨在缓解基础层面临的可扩展性挑战。它们提供更快的交易处理和更低的成本，使更广泛的用例和应用程序能够在以太坊生态系统上蓬勃发展。

VanEck analysts Bush and Sigel predict that L2 networks will capitalize on Ethereum's scalability shortcomings and emerge as a dominant force in the blockchain landscape. The report highlights the recent Dencun upgrade as a testament to Ethereum's commitment to addressing scalability concerns and improving user experience.

VanEck 分析师 Bush 和 Sigel 预测，L2 网络将利用以太坊的可扩展性缺陷，并成为区块链领域的主导力量。该报告强调了最近的 Dencun 升级，证明了以太坊致力于解决可扩展性问题和改善用户体验。

Revenue Generation Potential of L2 Networks

L2 网络的创收潜力

In a bold projection, Bush and Sigel anticipate that L2 networks have a high probability of generating significantly greater revenues than the base Ethereum network. This assertion is based on the superior transaction throughput and user experience offered by L2s.

Bush 和 Sigel 进行了大胆的预测，预计 L2 网络很有可能比基础以太坊网络产生显着更高的收入。这一断言是基于 L2 提供的卓越交易吞吐量和用户体验。

The report envisions a future where numerous use case-specific layer 2 networks emerge on the blockchain, each catering to specific sectors, applications, or functions. This proliferation of L2 networks is poised to reshape industries and unlock unprecedented possibilities, ranging from decentralized social media platforms to specialized financial applications.

该报告展望了未来，区块链上会出现大量特定用例的第 2 层网络，每个网络都迎合特定的部门、应用程序或功能。 L2 网络的激增必将重塑行业并释放前所未有的可能性，从去中心化的社交媒体平台到专业的金融应用程序。

Emergence of General-Purpose L2 Chains

通用 L2 链的出现

While the report anticipates a diverse ecosystem of L2 networks, it also predicts the eventual emergence of a select few general-purpose layer 2 chains. These chains, by virtue of their network effects and wide user base, are expected to corner a substantial portion of the market value within the space.

虽然该报告预测了 L2 网络的多样化生态系统，但它也预测最终会出现一些选定的通用第 2 层链。这些连锁店凭借其网络效应和广泛的用户基础，预计将占据该领域很大一部分市场价值。

Cautious Approach to L2-Related Tokens

谨慎对待 L2 相关代币

Despite the optimistic outlook for L2 networks, Bush and Sigel caution against excessive valuations for L2-related tokens. They note the intense competition in the market, with the top seven Ethereum layer 2 tokens already boasting a substantial $40 billion fully diluted valuation.

尽管 L2 网络前景乐观，但 Bush 和 Sigel 对 L2 相关代币的估值过高持谨慎态度。他们注意到市场竞争激烈，排名前七的以太坊第 2 层代币已经拥有 400 亿美元的完全摊薄估值。

The report urges caution in assessing future growth prospects, recognizing the potential for market saturation in the L2 token space.

该报告敦促谨慎评估未来的增长前景，认识到 L2 代币领域市场饱和的潜力。

Conclusion

结论

VanEck's report on Ethereum layer 2 networks offers a compelling vision of the blockchain's future, characterized by scalability breakthroughs, explosive growth, and transformative applications. As the Ethereum ecosystem continues to evolve and innovate, the journey towards a trillion-dollar market cap by 2030 appears increasingly plausible.

VanEck 关于以太坊第 2 层网络的报告为区块链的未来提供了令人信服的愿景，其特点是可扩展性突破、爆炸性增长和变革性应用程序。随着以太坊生态系统不断发展和创新，到 2030 年实现万亿美元市值的旅程似乎越来越有可能。