以太坊2層網絡（如仲裁和樂觀情緒）正在看到ETH儲備有所局勢。這是臨時的碎片還是加密景觀中更深層變化的跡象？

Arbitrum, Optimism, and the ETH Exodus: What's Going On?

仲裁，樂觀和ETH Exodus：發生了什麼？

ETH is flowing out of Layer-2 networks, and native tokens are taking a hit. This piece dives into what’s driving this exodus and what it means for the future of Ethereum scaling.

ETH正在從2層網絡中流出，而天然令牌正在受到打擊。這件作品介入了驅動此出埃及記的原因及其對以太坊縮放的未來意味著什麼。

The Great ETH Retreat from Layer 2

第2層的偉大ETH撤退

Ethereum's Layer-2 (L2) networks, once the darlings of the crypto world, are experiencing a notable decline in their ETH reserves. Networks like Optimism, Arbitrum, and Base have witnessed significant ETH withdrawals. Optimism, in particular, has seen a steep 54% drop since March. But why the sudden change of heart?

以太坊的第2層（L2）網絡曾經是加密貨幣世界的寵兒，他們的ETH儲量正在顯著下降。樂觀，仲裁和基礎等網絡已經見證了大量的ETH戒斷。自3月以來，尤其是樂觀的情況下降了54％。但是為什麼突然改變心臟呢？

Weakening Token Prices and Investor Sentiment

削弱令牌價格和投資者的情緒

One major culprit is the declining prices of native L2 tokens. OP (Optimism) has tanked over 38% in the last 90 days, while ARB (Arbitrum) has dropped by 21%. This downturn has spooked investors, prompting them to seek safer havens.

一個主要的罪魁禍首是本地L2代幣的價格下降。 OP（樂觀）在過去的90天內跌幅超過38％，而ARB（仲裁）下降了21％。這種低迷使投資者嚇到了，促使他們尋求更安全的天堂。

Back to the Mainframe: The Allure of Ethereum Mainnet

返回大型機：以太坊主網的魅力

A portion of the departing ETH is making its way back to the Ethereum mainnet, perceived as a safer bet due to its robust security. Moreover, ETH staking and long-term holding are on the rise, signaling a preference for value preservation over risky L2 trading.

一部分離開的ETH正在回到以太坊的主網，由於其強大的安全性，被認為是更安全的賭注。此外，ETH的積分和長期持有正在上升，這表明對價值保存而不是風險的L2交易。

Accumulation Addresses and Shifting Strategies

積累解決和轉移策略

Data from CryptoQuant reveals that large wallets, known as Accumulation Addresses, are reallocating assets, adding selling pressure to L2 tokens. These addresses, holding a staggering 22.8 million ETH, are clearly making strategic moves.

來自加密量的數據表明，大型錢包（稱為累積地址）正在重新分配資產，為L2代幣增加了銷售壓力。這些地址持有驚人的2280萬ETH，顯然正在採取戰略舉動。

Optimism's Governance Overhaul: A Step in the Right Direction?

樂觀的治理大修：朝著正確的方向邁出的一步？

Optimism is trying to combat the bearish sentiment with its Season 8 Governance Update, launched on June 12. This update aims to decentralize decision-making by including four distinct stakeholder groups and minimizing the need for constant human intervention. However, despite these efforts, OP's price remains under pressure, overshadowed by broader market volatility and Bitcoin's uncertain path.

樂觀情緒正在試圖通過6月12日推出的第8季治理更新來與看跌情緒作鬥爭。此更新旨在通過包括四個不同的利益相關者群體並最大程度地減少對持續的人類干預的需求來分散決策。但是，儘管做出了這些努力，但OP的價格仍處於壓力之下，這被更廣泛的市場波動和比特幣的不確定道路所掩蓋。

Token Unlock Tsunami

令牌解鎖海嘯

Adding fuel to the fire, several projects, including ZKsync (ZK), Polyhedra Network (ZKJ), and Arbitrum (ARB), are scheduled for significant token unlocks. These unlocks, releasing millions of tokens into circulation, could further depress prices.

為大火增加燃料，包括ZKSYNC（ZK），Polyhedra Network（ZKJ）和intimum（ARB）在內的幾個項目計劃進行大量令牌解鎖。這些解鎖，將數百萬個令牌釋放到流通中，可能會進一步降低價格。

What Does This Mean for the Ethereum Ecosystem?

這對以太坊生態系統意味著什麼？

This ETH exodus marks a stark contrast to 2024 when L2s were seen as potential disruptors to the mainnet. Now, the mainnet is experiencing a resurgence, potentially strengthening Ethereum's overall position. However, L2s like Optimism and Base need to step up their game to regain trust and relevance.

當L2被視為主網的潛在破壞者時，這種ETH出埃及與2024年形成了鮮明的對比。現在，主網正在經歷復興，可能會增強以太坊的整體位置。但是，像樂觀和基礎這樣的L2需要加強自己的遊戲，以恢復信任和相關性。

The Road to Recovery for L2s

L2S的恢復道路

To bounce back, L2s must focus on improving liquidity, reducing reliance on easily manipulated tokens, and implementing transparent incentive mechanisms. Collaboration with centralized exchanges to stabilize capital flows is also crucial.

為了反彈，L2必須專注於提高流動性，減少對易於操縱令牌的依賴，並實施透明的激勵機制。與集中交流以穩定資本流量的合作也至關重要。

Final Thoughts

最後的想法

The current turbulence in the L2 landscape is a wake-up call. While Ethereum's mainnet is solidifying its position, L2s must adapt and innovate to remain competitive. It’s a crypto rollercoaster, folks, so buckle up and enjoy the ride! Who knows what tomorrow brings? Maybe L2s will come back stronger than ever, or maybe we'll all be staking ETH on the mainnet. Only time will tell!

L2景觀中當前的湍流是一個喚醒電話。儘管以太坊的主網正在鞏固其位置，但L2必須適應和創新才能保持競爭力。這是一個加密過山車，伙計們，搭扣並享受旅程！誰知道明天會帶來什麼？也許L2會比以往任何時候都更強大，或者我們都將在主網上放入ETH。只有時間會證明！