以太幣 (ETH) 或 L2 代幣：哪個更好？

DeFi 報告加密貨幣分析師 Michael Nadeau 通過強調以太坊的進展和當前積極的市場狀況來開始他的分析。

Crypto analyst Michael Nadeau kicks off his analysis by highlighting Ethereum’s progress and the current positive market conditions. He points out that Ethereum is scaling effectively through Layer 2 (L2) solutions, anticipates an ETF trading by summer, and notes influential figures like Larry Fink discussing tokenization. Plus, with potential rate cuts on the horizon, Nadeau sees a strong case for being bullish on Ethereum.

加密貨幣分析師 Michael Nadeau 透過強調以太坊的進展和當前積極的市場狀況來開始他的分析。他指出，以太坊正在透過第 2 層 (L2) 解決方案進行有效擴展，預計 ETF 會在夏季進行交易，並指出 Larry Fink 等有影響力的人物正在討論代幣化。此外，隨著可能的降息，納多認為有充分理由看好以太坊。

He’s asking whether investors should hold Ethereum (ETH), L2 tokens, or both.

他詢問投資者是否應該持有以太幣（ETH）、L2 代幣，或兩者都持有。

Analysts have some answers for you.

分析師為您提供了一些答案。

Which Ethereum (ETH) or L2 tokens are better?

以太幣 (ETH) 或 L2 代幣哪個比較好？

Michael Nadeau’s series of X posts highlights the significant contributions and market positioning of top Layer 2 (L2) solutions in the Ethereum ecosystem. He points out that L2s now hold 15% of Ethereum’s total value locked (TVL) and contribute 15% of its transaction fees. Plus, they have 4.7 X more active addresses and handle 6.7 times more daily transactions than Ethereum’s Layer 1 (L1), with twice the developer activity.

Michael Nadeau 的 X 貼文系列強調了以太坊生態系統中頂級第 2 層 (L2) 解決方案的重大貢獻和市場定位。他指出，L2 目前持有以太坊鎖定總價值 (TVL) 的 15%，並貢獻其交易費用的 15%。此外，它們的活躍地址數量是以太坊第 1 層 (L1) 的 4.7 倍，處理的每日交易量是以太坊第 1 層 (L1) 的 6.7 倍，開發人員活動是其兩倍。

Despite this, L2s have only 2.4% of Ethereum’s token holders, represent just 9% of Ethereum’s fully diluted market cap, and account for only 2.7% of its circulating market cap. This disparity suggests that L2s might be undervalued relative to their impact on the Ethereum network.

儘管如此，L2 僅佔以太坊代幣持有者的 2.4%，僅佔以太坊完全稀釋市值的 9%，僅佔其流通市值的 2.7%。這種差異表明，相對於對以太坊網路的影響，L2 的價值可能被低估。

Investor Interest in L2 Tokens

投資者對 L2 代幣的興趣

With his deep analysis, the analyst notes that there could be potential investment opportunities in L2 solutions given their growing importance and current undervaluation. Investors might consider diversifying their portfolios to include both Ethereum (ETH) and leading L2 tokens to maximize exposure to the ecosystem’s growth and scalability advancements.

透過深入分析，分析師指出，鑑於 L2 解決方案的重要性日益增長且目前估值被低估，L2 解決方案可能存在潛在的投資機會。投資者可能會考慮使其投資組合多樣化，將以太坊 (ETH) 和領先的 L2 代幣納入其中，以最大限度地受益於生態系統的成長和可擴展性的進步。

Nadeau explores whether investors are inclined to hold L2 tokens. He notes that OP and ARB are the most popular L2 projects based on token holders. For context, Ethereum currently has over 123 million token holders.

Nadeau 探討了投資者是否傾向於持有 L2 代幣。他指出，OP和ARB是基於代幣持有者最受歡迎的L2專案。就背景而言，以太幣目前擁有超過 1.23 億代幣持有者。

Correlation with ETH Price

與 ETH 價格的相關性

In conclusion, he mentions that L2 tokens also exhibit a correlation with Ethereum’s price. ARB has an all-time correlation coefficient of 0.70 with ETH, while OP has a correlation coefficient of 0.61, indicating a significant but not perfect correlation.

最後，他提到 L2 代幣也表現出與以太幣價格的相關性。 ARB 與 ETH 的歷史相關係數為 0.70，而 OP 的相關係數為 0.61，顯示存在顯著但不完美的相關性。

At present, Arbitrum (ARB) is ranked 38th on CoinMarketCap with a market cap of $2 billion. It has risen 5.79% in the past 24 hours, trading at $0.820238 with a 24-hour trading volume of $257 million. Whereas, Optimism (OP) is ranked 42th trades at $1.92 with $248 million in 24-hour activity. Both are showing blazing signs of growth and investor confidence despite the market downturn.

目前，Arbitrum（ARB）在CoinMarketCap上排名第38位，市值為20億美元。過去24小時上漲5.79%，交易價格為0.820238美元，24小時交易量為2.57億美元。而 Optimism (OP) 則以 1.92 美元的價格排名第 42 位，24 小時交易額為 2.48 億美元。儘管市場低迷，但兩者都顯示出強勁的成長跡象和投資者信心。

Read Also: Ethereum Supply Surges Post-Dencun Upgrade: What It Means for Investors

另請閱讀：Dencun 升級後以太坊供應激增：這對投資者意味著什麼

What you will pick ETH or L2 Tokens? Tell us.

您會選擇 ETH 還是 L2 代幣？告訴我們。