ETH被低估了吗？分析表明，稳定采用的潜在激增推动了以太坊的显着增长。了解为什么ETH可以成为Stablecoin Beta。

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

ETH被低估的潜力：Stablecoin激增作为催化剂？

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干，可能被大大低估。稳定采用的潜在激增可能是释放其真实价值的关键。让我们深入了解为什么！

Stablecoins: The Sleeping Giant of the Ethereum Network

Stablecoins：以太坊网络的沉睡巨人

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的首席分析师汤姆·李（Tom Lee）建议，如果到2030年，Stablecoin市场爆炸至3.7万亿美元，ETH可能是主要受益人。他强调了美国财政部长斯科特·贝斯特（Scott Bessent）雄心勃勃的15倍稳定激增目标。 Lee指出，像USDT和USDC这样的Stablecoins已经占以太坊网络费用的大部分（25％-30％）。 15倍的增加可能意味着ETH网络使用率的指数增长。

Is ETH the Stablecoin Beta?

Eth是Stablecoin Beta吗？

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》的过去并没有立即使ETH的价格飞涨。取而代之的是，Circle的CRCL和Coinbase的硬币看到了双位泵。但是不要刚才计算出Eth。稳定剂是以太坊生态系统中的主要参与者。圆圈和系绳为以太坊网络贡献了大量费用。

The Numbers Don't Lie

数字不撒谎

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.

在过去的30天中，Circle和Tether为以太坊网络费用贡献了超过7亿美元！链条的前三名贡献者？系绳，圆圈和乙烯 - 所有稳定的发行人。爆炸性的15倍稳态增长可能会使该链在费用方面暴露于大规模的网络牵引力。

ETH's Undervaluation: What the Metrics Say

ETH的低估：指标怎么说

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以目前的价格被低估了2.5万美元吗？根据其MVRV Z分数，它可能相对便宜。从历史上看，在当前周期中，如果指标标签2或1.5，则ETH将达到4K $ 4K。当前的阅读表明，在ETH达到当地价格峰之前，有足够的增长空间。实际上，如果历史趋势重复出现，MVRV定价带表示潜在的高峰约为4.8k美元甚至6.4K。

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

超越炒作：现实世界实用程序和第1层竞争

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.

尽管ETH专注于稳定的集成，但其他第1层链（例如Kaanch网络）正在出现，吹捧可扩展性和现实世界中的资产令牌化。 Kaanch旨在将黄金和房地产等资产引用，以应对关键行业的挑战。尽管以太坊抓住高汽油费和偶尔延误，但这些较新的平台提供了替代方案。

Final Thoughts: Is ETH a Buy?

最终想法：Eth是买入吗？

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.

斯塔霉素驱动的增长的潜力是对ETH的长期价值的令人信服的论点。尽管市场可能是不可预测的，但数据表明，以太坊的利益良好，可以从稳定的稳定剂中受益。在做出任何投资决策之前，考虑一系列因素总是很明智的。 ETH被低估了吗？也许是。

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，请密切注意那些稳定的人，伙计们！它们可能只是将ETH送入月球的火箭燃料。或者，至少是新的历史最高水平。无论哪种方式，这都会很有趣！