以太坊：當前的景觀和未來前景2025

截至2025年，以太坊仍然是區塊鏈生態系統的中心支柱，繼續作為智能合約和分散應用程序（DAPPS）的分散平台的演變。

Ethereum: Current Landscape and Future Outlook 2025Table of ContentsIntroduction to Ethereum

以太坊：當前的景觀和未來前景2025 totentsintentsintentsintuction to Ethereum

Ethereum remains a central pillar of the blockchain ecosystem as of 2025, continuing its evolution as a decentralized platform for smart contracts and decentralized applications (dApps). Launched in 2015 by Vitalik Buterin and co-founders, Ethereum introduced programmability to blockchain technology, enabling developers to build a broad array of applications beyond simple peer-to-peer transactions. Its native cryptocurrency, Ether (ETH), is the second-largest by market capitalization after Bitcoin, cementing Ethereum’s role as the backbone for decentralized finance (DeFi), non-fungible tokens (NFTs), and much of Web3 innovation.

截至2025年，以太坊仍然是區塊鏈生態系統的中心支柱，繼續作為智能合約和分散應用程序（DAPPS）的分散平台的演變。 Ethereum於2015年由Vitalik Buterin和聯合創始人推出，為區塊鏈技術引入了可編程性，使開發人員能夠在簡單的點對點交易之外構建廣泛的應用程序。它的本地加密貨幣ETHER（ETH）是僅次於比特幣的市值的第二大貨幣，鞏固了以太坊作為去中心融資（DEFI），不可殺死的代幣（NFTS）和許多Web3創新的作用。

In recent years, Ethereum has undergone significant technical upgrades, most notably the successful transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) via The Merge in September 2022. This pivotal change has drastically reduced Ethereum’s energy consumption by over 99% and paved the way for future scalability improvements. The Shanghai/Capella upgrade in 2023 introduced staking withdrawals, increasing network participation and flexibility for validators www.coindesk.com. 2024 and early 2025 have seen ongoing work on Ethereum’s roadmap, focusing on rollups, sharding, and other solutions to address congestion and high transaction fees, collectively known as “The Surge” and “The Scourge” phases ethereum.org.

近年來，以太坊經歷了重大的技術升級，最著名的是，通過合併，從2022年9月的合併中成功過渡了從工作證明（POW）到股份證明（POS）。這種關鍵的變化大大降低了以太坊的能源消耗超過99％，並為未來的可伸縮性提高了方式。 2023年的上海/Capella升級引入了積分提款，增加了網絡參與度和驗證者的靈活性www.coindesk.com。 2024年和2025年初，已經在以太坊的路線圖上進行了持續的工作，重點是匯總，碎片和其他解決方案，以解決擁堵和高交易費用，統稱為“浪湧”和“ Scourge”階段Ethereum.org。

Ethereum’s ecosystem continues to expand. Over 4,000 dApps are deployed on the network, and the total value locked (TVL) in DeFi protocols on Ethereum regularly exceeds $30 billion as of early 2025 defillama.com. The platform also remains the leading choice for NFT marketplaces and has inspired a wave of Layer 2 (L2) scaling solutions—such as Optimism, Arbitrum, and zkSync—which process transactions off-chain and settle them onto Ethereum, significantly increasing throughput and reducing costs www.theblock.co.

以太坊的生態系統不斷擴大。截至2025年初，在網絡上部署了超過4,000個DAPP，以太坊的DEFI協議中的總價值鎖定（TVL）定期超過300億美元。該平台也仍然是NFT市場的主要選擇，並激發了第2層（L2）縮放解決方案（例如樂觀，仲裁和ZKSYNC）的一波浪潮，這些解決方案（例如樂觀，仲裁和ZKSYNC）在鏈上處理交易，並將其定位在以太坊上，大大增加了吞吐量和降低成本www.theblock.theblock.co。

Looking ahead, Ethereum’s outlook for 2025 and beyond is shaped by its ongoing efforts to improve scalability, security, and decentralization. The implementation of sharding, anticipated to further enhance transaction speeds and lower costs, is expected to roll out in phases through 2025 and 2026. With institutional adoption growing and Ethereum serving as the infrastructure for digital assets, decentralized finance, and Web3, the network is poised to maintain its leadership role in the coming years www.coindesk.com. However, competition from alternative blockchains and regulatory changes remain key factors to watch as Ethereum continues to define the future of programmable money and decentralized applications.

展望未來，以太坊對2025年及以後的前景是其持續努力提高可擴展性，安全性和權力下放的努力。預計將在2025年和2026年的階段推出碎片的實施，預計將進一步提高交易速度並降低成本。隨著機構採用的增長和以太坊的數字資產，分散財務的基礎架構的發展，該網絡有望在未來幾年中保持其領導作用，以維持其領導作用。但是，隨著以太坊繼續定義可編程貨幣和分散應用程序的未來，替代區塊鍊和監管變化的競爭仍然是值得關注的關鍵因素。

Ethereum Technology Overview

以太坊技術概述

Ethereum, the world’s leading programmable blockchain, continues its rapid evolution in 2025, building upon the pivotal transition to proof-of-stake (PoS) completed by The Merge in September 2022. The PoS model, which replaced energy-intensive mining, has reduced Ethereum’s energy consumption by over 99% and established the platform as a leader in sustainable blockchain infrastructure ethereum.org. In 2025, Ethereum’s core technological priorities revolve around scalability, security, and usability, with significant progress in each area.

Ethereum, the world's leading programmable blockchain, continues its rapid evolution in 2025, building upon the pivotal transition to proof-of-stake (PoS) completed by The Merge in September 2022. The PoS model, which replaced energy-intensive mining, has reduced Ethereum's energy consumption by over 99% and established the platform as a leader in sustainable blockchain infrastructure ethereum.org.在2025年，以太坊的核心技術優先事項圍繞可伸縮性，安全性和可用性，在每個領域取得了重大進展。

Looking ahead, Ethereum’s technology trajectory focuses on scaling to support billions of users, enhancing developer tools, and fostering interoperability with other blockchains. The combination of PoS, rollups, and forthcoming sharding upgrades positions Ethereum to remain a foundational layer for decentralized finance (DeFi), NFTs, and emerging on-chain innovations through 2025 and beyond cointelegraph.com.

展望未來，以太坊的技術軌跡著重於擴展以支持數十億用戶，增強開發人員工具以及促進與其他區塊鏈的互操作性。 POS，匯總和即將到來的shard升級位置以太坊的結合，使以太坊仍然是分散融資（DEFI），NFTS和新興的鏈上創新的基礎層，直到2025年及以後的Cointelegraph.com。

Key Developments Since Ethereum 2.0

以太坊2.0以來的主要發展

Since the completion of the Ethereum 2.0 upgrade—culminating with the “Merge” in September 2022—Ethereum has undergone significant changes, solidifying its position as the leading smart contract platform. Key developments from 2023 through 2025 have focused on scalability, sustainability, and usability, reflecting both the network’s technical ambitions and the demands of its vibrant ecosystem.

自Ethereum 2.0升級完成以來，Ethereum經歷了重大變化，鞏固了其作為領先的Smart合同平台的地位。從2023年到2025年，關鍵的發展集中在可伸縮性，可持續性和可用性上，這反映了網絡的技術野心及其充滿活力的生態系統的需求。

Looking ahead, Ethereum’s focus is on scaling, accessibility, and sustainable innovation. With ongoing upgrades, the network is well-positioned to maintain its dominance and support a broadening array of decentralized applications through 2025 and beyond.

展望未來，以太坊的重點是擴展，可訪問性和可持續創新。隨著持續的升級，該網絡具有良好的位置，以保持其優勢並支持2025年及以後的分散應用程序擴展。

DeFi and NFT Ecosystem on Ethereum

以太坊上的Defi和NFT生態系統

In 2025, Ethereum remains the foundational infrastructure for decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, maintaining its dominance despite growing competition from alternative layer-1 and layer-2 networks. The total value locked (TVL) in Ethereum DeFi protocols continues to account for a significant share of the market, with figures regularly exceeding $30 to $40 billion in early 2025, according to defillama.com.

在2025年，以太坊仍然是分散融資（DEFI）和無牙（NFT）生態系統的基礎基礎設施，儘管從替代1層和2層網絡中競爭不斷增長，但仍保持其優勢。根據Defillama.com的數據，以太坊Defi協議中的總價值鎖定（TVL）繼續佔市場的很大份額，但在2025年初的數字定期超過30至400億美元。