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On May 20, after the news that the Ethereum ETF may be passed with a high probability was released, what happened to the Ethereum ecosystem❓ #以太坊ETF批准预期 I counted the secondary gains of 20 projects on the same day, including 12 Layer2 and 8 representative on-chain ecosystems This article does not have secondary operation views, but it can be used as a reference, depending on whether you believe that the strong will always be strong or the sector will make up for the rise The statistical results are as follows👇🏻 In the Layer2 sector, based on the market value factor, I divided the sector into two parts with a market value of 1 billion as the watershed, among which the market value of more than 1 billion $OP performed better than other targets And $METIS led the market value echelon of 100-1 billion with a daily increase of 38%, and even in this sector, it can be said to have the strongest rebound Among the on-chain ecosystems, the most noteworthy is $LINK , as a veteran oracle leader, the day's increase performance was the worst, but there is no comprehensive market value factor in the ecological statistics Layer2, as the liquidity undertaker of infrastructure, can be said to have the strongest correlation with Ethereum, and the on-chain ecology I basically counted the sector leaders, including: DEX, liquidity pledge, Defi protocol, NFT market, social and domain names ENS, as the domain name leader, achieved the best increase on the 20th and 21st, but because the two-day factor was not considered, it was not shown in the chart 📍Finally, it should be noted that only counting the rebound factor is not comprehensive, and the decline ratio caused by the previous weakness of Ethereum is not considered comprehensively. In fact, the ratio of decline and rebound should be used as a comparison, which will have a stronger reference significance (This article also does not count the new coins launched this year)

On May 20, after the news that the Ethereum ETF may be passed with a high probability was released, what happened to the Ethereum ecosystem❓ #以太坊ETF批准预期

I counted the secondary gains of 20 projects on the same day, including 12 Layer2 and 8 representative on-chain ecosystems

This article does not have secondary operation views, but it can be used as a reference, depending on whether you believe that the strong will always be strong or the sector will make up for the rise

The statistical results are as follows👇🏻

In the Layer2 sector, based on the market value factor, I divided the sector into two parts with a market value of 1 billion as the watershed, among which the market value of more than 1 billion $OP performed better than other targets

And $METIS led the market value echelon of 100-1 billion with a daily increase of 38%, and even in this sector, it can be said to have the strongest rebound

Among the on-chain ecosystems, the most noteworthy is $LINK , as a veteran oracle leader, the day's increase performance was the worst, but there is no comprehensive market value factor in the ecological statistics

Layer2, as the liquidity undertaker of infrastructure, can be said to have the strongest correlation with Ethereum, and the on-chain ecology I basically counted the sector leaders, including: DEX, liquidity pledge, Defi protocol, NFT market, social and domain names

ENS, as the domain name leader, achieved the best increase on the 20th and 21st, but because the two-day factor was not considered, it was not shown in the chart

📍Finally, it should be noted that only counting the rebound factor is not comprehensive, and the decline ratio caused by the previous weakness of Ethereum is not considered comprehensively. In fact, the ratio of decline and rebound should be used as a comparison, which will have a stronger reference significance

(This article also does not count the new coins launched this year)

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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看了一下BinanceResearch的新更新了篇有关BTC L2的研究报告,目前BTC L2的基本盘和使用的基本方案都有做通盘介绍,推荐阅读 📍懒得看原文的朋友一会我会把这篇文章给翻译成中文,这次是全文翻译 总结一下报告👇🏻 (1)比特币的最新发展,包括铭文、BRC-20 代币和符文,将比特币扩容方案的讨论推向了新的高度。比特币的平均交易费用从 2022 年的 1.5 美元上涨至 2023 年的 4.2 美元,到目前为止,2024 年为 9.5 美元。 (2)以太坊的市值约为4500亿美元,而各种L2解决方案的总TVL约为 450 亿美元,即 L2 整个板块占以太坊总市值的约 10%。比特币的市值为 1.4 万亿美元,其 L2 TVL 仅为约 20 亿美元,仅占比特币总体市值的约0.13%。 (3)分析比特币可扩展性解决方案时需要考虑的关键包括: -它们如何解决无需信任的双向桥接问题 -与比特币基础层的关系和一致性 -是否有任何分叉的要求 -它们在用户、开发者和新用户之间具有何种程度的激励 (4)基础设施层面的Taproot和BitVM方案的发展扩大了在比特币上构建协议的可能性。尽管其中一些实现仍处于起步阶段,但这并没有阻止为比特币的扩容问题提供了创新的解决方案。 (5)闪电网络和RGB协议等“比特币原生”协议都旨在提高比特币的P2P交易能力,并为原链引入智能合约功能,同时保留比特币的完整性。到目前为止,闪电网络的推出相对成功,而 RGB 仍处于开发阶段。 (6)还存在其他类型的扩容解决方案,从侧链到使用BTC封装的资产作为质押资产来保护其链的EVM兼容L1。尽管这一方案在某种程度上的确利用了比特币的安全性,但它们通常具有中心化组件,这些协议无法真正声称继承了比特币的安全性。 (7)近来出现在比特币“L2”场景中的零知识Rollup利用BitVM作为其底层技术,与其他仅将区块数据的哈希值发布到比特币区块中的扩容解决方案相比,可以更安全地验证Rollup数据。这些Rollup可以说继承了当前阶段比特币的最高安全性。 (8)随着比特币的表现力不断开拓,以及稳定币、货币市场、质押和再质押以及链上衍生品等DeFi原语的出现,比特币L2解决方案的重要性将继续增长。未来是一个激动人心的时刻,预计未来几个月将有大量发展。 原文跳转
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📍聊L2的充分竞争与多元化格局下的机会 昨天Vitalik在推特发布了一篇文章,文章观点中简单聊了一下当前L2的格局,我发现虽然 #Taiko 在社区当中的口碑不怎么样,但却是被他点名了几回了 而基于这篇文章所描述的现象,让我想到L2最终的格局可能不是之前设想的那样由主要的几条L2占据主导,而是迈向整体均衡化 因此随着新L2的不断推出,对于生态市场的多元化当然有所助益,但这种阶段对二级市场投资者来说其实也许不是一个多么合适的赛道 为什么呢,其实就一句话:“别和政策对着干” 举2个例子来说:1.流动性质押赛道就有着33%的“政策红线”,这其实不光是和个人意志有关系,还和是否去中心化的论调有关,因此流动性质押的业务规模天花板其实是有限的 (而作为业务承接的下游赛道,就没有这一红线限制) 2.而DEX这个赛道作为每条链基础的业务赛道,也是一个处于充分竞争的竞争格局,据不完全统计下的DEX就有1300多个,可以说是行业第一大内卷化的赛道 (可以试想一下在二级市场我们在这种板块中可选择上的容错率其实挺低的) 那L2其实具备着上面的两个赛道特征: (1)大基本盘的指导思想——多元化 (2)数量多,充分竞争 我们很难否认,以太目前的一些发展方向就是比较受个人或某主体的意志所影响的,因此多Rollup的格局可以说是一种大几率的趋势 通过不断的拓展执行层,这样可以让以太主链更好的扮演共识(安全)层的角色 未来就形成了一种以以太主网共识为独立核心的多Rollup生态谱系,包括现在原先链上的应用也开始逐渐有向应用Rollup发展的趋势了(近日ENS就有拓展至L2的提案) 目前L2未上线和已上线的加一块将近200条,但市场的流动性暂时是固定的:那车流固定的情况情况下,车道在不断扩散,车流可选择的空间就变得非常的多了 因此基于上述逻辑去做推导,在Rollup构建的上游,可能会成为这轮周期L2竞争的下半场 例如$OP 的超级链框架以及 $ALT 的模块化Rollup构建都属于这个范畴(ARB的Orbit计划是面向L3的,不太属于该范畴) 随着上游方案的完善,这些各种个性化rollup的推出,其实都符合Vitalik所描述的L2生态谱系的的多元化补充 因此对于一些新兴Rollup来说,已经不能完全的从基础设施所能解决的差异化需求去考虑是否值得参与了,还需要考虑该Rollup在同质化的竞争下是否有可以破局的竞争能力 例如特定的应用Rollup,估值的逻辑就应该从应用端出发,而还是执行层业务的基础Rollup,就真的要多思考市场份额的竞争问题 附图:ETH L2的前十TVL分布情况,其实已经初步展现了这种均衡的多元化现象了
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