ETH's milestone, a new era begins. It's only a matter of time before it breaks through the previous high of 4,800 or even higher. Regarding Ethereum's second-layer projects, let's first look at a set of data: (MC: circulating market value; FDV: fully diluted market value)
OP MC 2.16 billion US dollars; FDV 8.28 billion US dollars
ARB MC 2.61 billion US dollars; FDV 7.8 billion US dollars
STRK MC 860 million US dollars; FDV 5.9 billion US dollars
METIS MC 282 million US dollars; FDV 500 million US dollars
ZK MC 690 million US dollars; FDV 3.91 billion US dollars
In the previous wave of 73,700 market, the lowest to highest K-line of OP and ARB are 3 times, metis 10 times, and strk and zk are the ones that opened Binance later. Then how big will the expectation be at the 24-25 bull peak? We can analyze the data.
First, let's look at ETH. In the next major uptrend of the market, with the support of ETFs, assuming that ETH reaches 10,000U, the market value will exceed one trillion. So how much can the market value of these second-layers reach? Can they become the top 10 of the bull market? The threshold for the top 10 of this big cycle must be at least 200 billion US dollars.
Now the second-layer of Ethereum, looking at the current MC and FDV of the five second-layer projects above, there are still unlockings and so on, who can enter the top 10 if the market is pulled later? If they enter the top 10, based on the current circulating market value, it is almost a hundred times higher than now, but there are so many second-layer Ethereums, who can run out, how to choose and how to judge?
Look at the current transaction volume? Then ARB is the first, look at the unlocking situation, which requires attention, look at narrative, technology, and community active applications? Who is better? Look at the market value competitiveness, then METIS. In the final analysis, there is liquidity, and the dealer pulls the market is the kingly way.
