以太坊2层网络（如仲裁和乐观情绪）正在看到ETH储备有所局势。这是临时的碎片还是加密景观中更深层变化的迹象？

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

仲裁，乐观和ETH Exodus：发生了什么？

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正在从2层网络中流出，而天然令牌正在受到打击。这件作品介入了驱动此出埃及记的原因及其对以太坊缩放的未来意味着什么。

The Great ETH Retreat from Layer 2

第2层的伟大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层（L2）网络曾经是加密货币世界的宠儿，他们的ETH储量正在显着下降。乐观，仲裁和基础等网络已经见证了大量的ETH戒断。自3月以来，尤其是乐观的情况下降了54％。但是为什么突然改变心脏呢？

Weakening Token Prices and Investor Sentiment

削弱令牌价格和投资者的情绪

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.

一个主要的罪魁祸首是本地L2代币的价格下降。 OP（乐观）在过去的90天内跌幅超过38％，而ARB（仲裁）下降了21％。这种低迷使投资者吓到了，促使他们寻求更安全的天堂。

Back to the Mainframe: The Allure of Ethereum Mainnet

返回大型机：以太坊主网的魅力

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.

一部分离开的ETH正在回到以太坊的主网，由于其强大的安全性，被认为是更安全的赌注。此外，ETH的积分和长期持有正在上升，这表明对价值保存而不是风险的L2交易。

Accumulation Addresses and Shifting Strategies

积累解决和转移策略

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.

来自加密量的数据表明，大型钱包（称为累积地址）正在重新分配资产，为L2代币增加了销售压力。这些地址持有惊人的2280万ETH，显然正在采取战略举动。

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

乐观的治理大修：朝着正确的方向迈出的一步？

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.

乐观情绪正在试图通过6月12日推出的第8季治理更新来与看跌情绪作斗争。此更新旨在通过包括四个不同的利益相关者群体并最大程度地减少对持续的人类干预的需求来分散决策。但是，尽管做出了这些努力，但OP的价格仍处于压力之下，这被更广泛的市场波动和比特币的不确定道路所掩盖。

Token Unlock Tsunami

令牌解锁海啸

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.

为大火增加燃料，包括ZKSYNC（ZK），Polyhedra Network（ZKJ）和intimum（ARB）在内的几个项目计划进行大量令牌解锁。这些解锁，将数百万个令牌释放到流通中，可能会进一步降低价格。

What Does This Mean for the Ethereum Ecosystem?

这对以太坊生态系统意味着什么？

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.

当L2被视为主网的潜在破坏者时，这种ETH出埃及与2024年形成了鲜明的对比。现在，主网正在经历复兴，可能会增强以太坊的整体位置。但是，像乐观和基础这样的L2需要加强自己的游戏，以恢复信任和相关性。

The Road to Recovery for L2s

L2S的恢复道路

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.

为了反弹，L2必须专注于提高流动性，减少对易于操纵令牌的依赖，并实施透明的激励机制。与集中交流以稳定资本流量的合作也至关重要。

Final Thoughts

最后的想法

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景观中当前的湍流是一个唤醒电话。尽管以太坊的主网正在巩固其位置，但L2必须适应和创新才能保持竞争力。这是一个加密过山车，伙计们，搭扣并享受旅程！谁知道明天会带来什么？也许L2会比以往任何时候都更强大，或者我们都将在主网上放入ETH。只有时间会证明！