流入 L1 和 L2 網路的流量有助於顯示活動熱點並區分高度活躍和「死亡」的區塊鏈

最近的流量數據顯示，幾個主要鏈條的平衡發生了變化。樂觀（OP）成為淨流入最重要的受助者

Top L1 and L2 protocols saw a shift in the balance of several leading chains, with a focus on net asset inflows, according to the latest data from Artemis__xyz.

根據 Artemis__xyz 的最新數據，頂級 L1 和 L2 協議看到幾個領先鏈的平衡發生了變化，重點是淨資產流入。

Optimism (OP) emerged as the most significant recipient of net inflows, primarily driven by large-scale movements of assets from Ethereum (ETH). Arbitrum (ARB) also demonstrated higher overall activity, but a lower retention of assets. Notably, both of these L2 chains attracted more than $1 billion in liquidity.

樂觀（OP）成為淨流入最重要的受助者，主要是由以太坊（ETH）資產大規模流動所推動的。 Arbitrum (ARB) 也表現出較高的整體活動，但資產保留率較低。值得注意的是，這兩家 L2 鏈都吸引了超過 10 億美元的流動性。

These flows indicate a shift in Ethereum usage, where the leading L1 is increasingly being utilized as a relay layer, facilitating the transfer of assets to L2 blockchains. One of the key reasons for the substantial inflows into Optimism is the expansion of the Superchain, which hosts a long list of projects in addition to the Optimism main net.

這些流量表明以太坊使用的轉變，其中領先的 L1 越來越多地被用作中繼層，促進資產轉移到 L2 區塊鏈。大量資金流入 Optimism 的關鍵原因之一是超級鏈的擴張，除了 Optimism 主網之外，超級鏈還託管著一長串專案。

Among the projects included in the Superchain are Base, Worldcoin, Celo, and an OP BNB version. Several distributed apps (dApps), games, and DeFi protocols have already made the switch to these scalable chains, retaining significant shares of available liquidity.

超級鏈中包含的項目包括 Base、Worldcoin、Celo 和 OP BNB 版本。一些分散式應用程式 (dApp)、遊戲和 DeFi 協定已經轉向這些可擴展的鏈，保留了大量可用流動性。

Despite attempts to create other cross-chain tools, bridging remains the primary method for facilitating large-scale inflows of assets. Since bridges have limited capacity, this also means that L2 chains retain most of the bridged assets and guarantee a good level of liquidity.

儘管嘗試創建其他跨鏈工具，橋接仍然是促進資產大規模流入的主要方法。由於橋接能力有限，這也意味著L2鏈保留了大部分橋接資產並保證了良好的流動性。

In some cases, the inflows into L2 are driven by the actions of whale wallets, which can create a disparity in wealth distribution. Arbitrum is among the biggest targets of liquidity coming from Ethereum, mostly in the form of USDT tokens.

在某些情況下，流入 L2 的資金是由鯨魚錢包的行為所驅動的，這可能會造成財富分配的不平等。 Arbitrum 是來自以太坊的流動性的最大目標之一，流動性主要以 USDT 代幣的形式存在。

These inflows are largely limited to the top 200 wallets, which hold more than 93% of USDT wealth. While these transfers may be targeting liquidity pools, decentralized exchanges (DEXs), or other on-chain entities, they are not necessarily indicative of users taking their funds and wallets to a new chain.

這些資金流入很大程度上僅限於排名前 200 的錢包，這些錢包持有超過 93% 的 USDT 財富。雖然這些轉移可能針對流動性池、去中心化交易所（DEX）或其他鏈上實體，但它們並不一定表示用戶將其資金和錢包轉移到新鏈上。

Moreover, periods of peak market activity tend to coincide with more active flows to L1 and L2 chains. One of the reasons for this is the ability to find arbitrage opportunities between different protocols. In Q2, flows increased and affected more L2 chains.

此外，市場活動高峰期往往與流向 L1 和 L2 鏈的更活躍的流量同時發生。原因之一是能夠在不同協議之間找到套利機會。第二季度，流量增加並影響了更多的 L2 鏈。

Here is a snapshot of the top protocols by net flows, as highlighted by Artemis__xyz:

以下是按網路流量劃分的頂級協定的快照，如 Artemis__xyz 所強調的：

Top Net Flows.? @Optimism : +$1.2B? @Arbitrum : +$1.0B? @Base : +$450M4️⃣ @Injective : +$185m5️⃣ @Solana : +$175m

最大淨流量。

— Artemis (@artemis__xyz) July 31, 2024

- 阿耳忒彌斯 (@artemis__xyz) 2024 年 7 月 31 日

It is important to note that the metrics of liquidity and users do not always overlap. The reason for liquidity inflows may be specific apps, vaults or lending protocols, which draw in big sums from a small user count. For some chains, high traffic coincides with low transaction value.

值得注意的是，流動性和用戶的指標並不總是重疊的。流動性流入的原因可能是特定的應用程式、金庫或借貸協議，它們從少量的用戶數量中吸引了大量資金。對某些鏈來說，高流量與低交易價值同時發生。

Networks like Ronin only drew in $153M in value, but carry the traffic of the Axie Infinity game, with more than 2.2M daily active users. Ronin almost lines up to TRON with 2.2M daily active users.

像 Ronin 這樣的網路只獲得了 1.53 億美元的價值，但卻承載著 Axie Infinity 遊戲的流量，每日活躍用戶超過 220 萬。 Ronin 幾乎與 TRON 持平，擁有 220 萬日活躍用戶。

Older networks like BNB Chain still get close to Solana’s activity, due to carrying a significant part of stablecoins, as well as NFTs and tokens. However, BSC has slowed down in terms of building up its DeFi space.

由於承載了大量穩定幣以及 NFT 和代幣，BNB Chain 等較舊的網路仍然接近 Solana 的活動。然而，BSC 在 DeFi 領域的建設方面已經放緩。

Among the L2 solutions, former over-hyped projects saw the biggest outflows. Both Linea and ZKSync had net outflows close to $500M. These L2 chains promised to produce ZK-rollup solutions and become the next building hubs.

在L2解決方案中，以前被過度炒作的項目流出量最大。 Linea 和 ZKSync 的淨流出均接近 5 億美元。這些 L2 鏈承諾生產 ZK-rollup 解決方案並成為下一個建築中心。

ZKSync earned its high profile through airdrop promises and the launch of the ZK token. After the incentives ran out, ZKSync was abandoned. Linea is still lagging in announcing a native token. The native token airdrop may be delayed for months, and in the meantime, liquidity is abandoning the chain.

ZKSync 透過空投承諾和 ZK 代幣的推出贏得了很高的知名度。激勵用完後，ZKSync 被放棄。 Linea 在宣布原生代幣方面仍然落後。原生代幣空投可能會延遲數月，同時，流動性正在放棄該鏈。

Outflows are also affecting the older generation of chains, which boomed during the 2021 gaming bull market. Networks like Polygon and Avalanche are not enjoying the same revival in activity and liquidity. The slowdown of NFT trading and general token bridging also led to slim inflows for those chains.

資金外流也影響了在 2021 年遊戲牛市期間蓬勃發展的老一代連鎖店。像 Polygon 和 Avalanche 這樣的網路在活動和流動性方面並未享受到同樣的復甦。 NFT 交易和一般代幣橋接的放緩也導致這些鏈的資金流入較少。

BNB Chain also saw minimal net inflows, and some of the BNB assets were bridged into Solana. Part of the funds flowed into Base, which became the most important chain for Uniswap trading. Solana was a significant recipient of net flows and also became a source of liquidity for Base and Arbitrum.

BNB Chain 的淨流入也​​很少，部分 BNB 資產橋接至 Solana。部分資金流入Base，成為Uniswap交易最重要的連鎖。 Solana 是淨流量的重要接收者，也成為 Base 和 Arbitrum 的流動性來源。

The recent activity between chains was also reflected in overall bridge usage. Bridge volumes turned more consistent in Q2, moving between $170M and $300M in 24 hours. In a week, more than $1.76B in assets have been bridged between chains.

最近鏈之間的活動也反映在橋樑的整體使用情況上。第二季的橋樑交易量變得更加穩定，24 小時內在 1.7 億美元到 3 億美元之間變化。一週內，超過 $1.76B 的資產已在鏈之間橋接。