Ethereum ETF trading starts: a new era begins, and the second-layer projects have a promising future
After the U.S. stock market opened on the evening of July 23, ETH ETF officially started trading. This marks the beginning of a new era for Ethereum, and it is only a matter of time before it breaks through the previous high of $4,800 or even higher. Let's first take a look at some key data of Ethereum's second-layer projects:
Optimism (OP): Circulating market value (MC) $2.16 billion; fully diluted market value (FDV) $8.28 billionArbitrum (ARB): MC $2.61 billion; FDV $7.8 billionStarkNet (STRK): MC $860 million; FDV $5.9 billionMetis (METIS): MC $282 million; FDV $500 millionzkSync (ZK): MC $690 million; FDV $3.91 billion
In the previous wave of market conditions, from the lowest to the highest, OP and ARB both achieved a 3-fold increase, and Metis even reached 10 times. Looking ahead, if the next big market comes, coupled with the promotion of ETFs, assuming that the price of Ethereum reaches $10,000 and the market value exceeds $1 trillion, can the market value of these second-layer projects enter the top 10 at the peak of the bull market?
1. The impact of rising ETH prices
The launch of ETH ETFs may attract a large number of institutional investors to enter the market and push the price of ETH to a new high. Assuming that the price of ETH reaches $10,000, the market value will exceed $1 trillion. This will greatly drive the market value growth of the entire Ethereum ecosystem, especially the second-layer projects.
2. The potential of second-layer projects
Based on the current market value and fully diluted market value, the second-layer projects with the most potential to enter the top 10 include ARB and OP. However, Metis, with its lower circulating market value and higher growth potential, may also become a dark horse. Who will stand out in the end depends on their performance in the following aspects:
Trading volume and liquidity: ARB currently leads in trading volume, but other projects also have great potential in liquidity and market demand. Unlocking situation: It is necessary to pay close attention to the unlocking time and quantity of project tokens, which will directly affect the market supply and demand relationship and price trends. Technology and community: The technical strength, community activity and application ecology of the project are all important considerations. Market popularity and empowerment: The market popularity and empowerment of the project will determine its future growth space and investment value.
Control the entry cost
Whether it is short-term speculation or long-term holding, controlling the entry cost is the key.
