ETH被低估了嗎？分析表明，穩定採用的潛在激增推動了以太坊的顯著增長。了解為什麼ETH可以成為Stablecoin Beta。

ETH's Undervalued Potential: Stablecoin Surge as the Catalyst?

ETH被低估的潛力：Stablecoin激增作為催化劑？

Ethereum, often the backbone of the decentralized world, might be significantly undervalued. The potential surge in stablecoin adoption could be the key to unlocking its true value. Let's dive into why!

以太坊，通常是分散世界的骨幹，可能被大大低估。穩定採用的潛在激增可能是釋放其真實價值的關鍵。讓我們深入了解為什麼！

Stablecoins: The Sleeping Giant of the Ethereum Network

Stablecoins：以太坊網絡的沉睡巨人

Fundstrat’s Chief Analyst Tom Lee suggests that if the stablecoin market explodes to $3.7 trillion by 2030, ETH could be a major beneficiary. He highlighted U.S Treasury Secretary Scott Bessent’s ambitious 15x stablecoin surge target. Lee noted that stablecoins like USDT and USDC already account for a substantial portion (25%-30%) of Ethereum network fees. A 15x increase could mean exponential growth in ETH network usage.

Fundstrat的首席分析師湯姆·李（Tom Lee）建議，如果到2030年，Stablecoin市場爆炸至3.7萬億美元，ETH可能是主要受益人。他強調了美國財政部長斯科特·貝斯特（Scott Bessent）雄心勃勃的15倍穩定激增目標。 Lee指出，像USDT和USDC這樣的Stablecoins已經佔以太坊網絡費用的大部分（25％-30％）。 15倍的增加可能意味著ETH網絡使用率的指數增長。

Is ETH the Stablecoin Beta?

Eth是Stablecoin Beta嗎？

The passing of the GENIUS Act didn't immediately send ETH's price skyrocketing. Instead, Circle's CRCL and Coinbase's COIN saw double-digit pumps. But don't count ETH out just yet. Stablecoins are major players in Ethereum's ecosystem. Circle and Tether contribute significant fees to the Ethereum network.

《天才法案》的過去並沒有立即使ETH的價格飛漲。取而代之的是，Circle的CRCL和Coinbase的硬幣看到了雙位泵。但是不要剛才計算出Eth。穩定劑是以太坊生態系統中的主要參與者。圓圈和繫繩為以太坊網絡貢獻了大量費用。

The Numbers Don't Lie

數字不撒謊

Over the past 30 days, Circle and Tether contributed over $700 million to Ethereum network fees! The top three fee contributors to the chain? Tether, Circle, and Ethena – all stablecoin issuers. An explosive 15x stablecoin growth could expose the chain to massive network traction in terms of fees.

在過去的30天中，Circle和Tether為以太坊網絡費用貢獻了超過7億美元！鏈條的前三名貢獻者？繫繩，圓圈和乙烯 - 所有穩定的發行人。爆炸性的15倍穩態增長可能會使該鏈在費用方面暴露於大規模的網絡牽引力。

ETH's Undervaluation: What the Metrics Say

ETH的低估：指標怎麼說

Is ETH undervalued at its current price around $2.5k? According to its MVRV Z-score, it might be relatively cheap. Historically, in the current cycle, ETH would peak at $4k if the indicator tags 2 or 1.5. The current reading suggests ample room for growth before ETH hits a local price peak. In fact, MVRV pricing bands indicate potential peaks around $4.8k or even $6.4k if historical trends repeat.

ETH以目前的價格被低估了2.5萬美元嗎？根據其MVRV Z分數，它可能相對便宜。從歷史上看，在當前週期中，如果指標標籤2或1.5，則ETH將達到4K $ 4K。當前的閱讀表明，在ETH達到當地價格峰之前，有足夠的增長空間。實際上，如果歷史趨勢重複出現，MVRV定價帶錶示潛在的高峰約為4.8k美元甚至6.4K。

Beyond the Hype: Real-World Utility and Layer 1 Competition

超越炒作：現實世界實用程序和第1層競爭

While ETH focuses on stablecoin integration, other Layer 1 blockchains like Kaanch Network are emerging, touting scalability and real-world asset tokenization. Kaanch aims to tokenize assets like gold and real estate, addressing key industry challenges. While Ethereum grapples with high gas fees and occasional delays, these newer platforms offer alternatives.

儘管ETH專注於穩定的集成，但其他第1層鏈（例如Kaanch網絡）正在出現，吹捧可擴展性和現實世界中的資產令牌化。 Kaanch旨在將黃金和房地產等資產引用，以應對關鍵行業的挑戰。儘管以太坊抓住高汽油費和偶爾延誤，但這些較新的平台提供了替代方案。

Final Thoughts: Is ETH a Buy?

最終想法：Eth是買入嗎？

The potential for stablecoin-driven growth is a compelling argument for ETH's long-term value. While the market can be unpredictable, the data suggests that Ethereum is well-positioned to benefit from the increasing adoption of stablecoins. It's always wise to consider a range of factors before making any investment decisions. Is ETH undervalued? Maybe it is.

斯塔黴素驅動的增長的潛力是對ETH的長期價值的令人信服的論點。儘管市場可能是不可預測的，但數據表明，以太坊的利益良好，可以從穩定的穩定劑中受益。在做出任何投資決策之前，考慮一系列因素總是很明智的。 ETH被低估了嗎？也許是。

So, keep an eye on those stablecoins, folks! They might just be the rocket fuel that sends ETH to the moon. Or, at least, to a new all-time high. Either way, it's gonna be interesting!

因此，請密切注意那些穩定的人，伙計們！它們可能只是將ETH送入月球的火箭燃料。或者，至少是新的歷史最高水平。無論哪種方式，這都會很有趣！