以太坊：当前的景观和未来前景2025

截至2025年，以太坊仍然是区块链生态系统的中心支柱，继续作为智能合约和分散应用程序（DAPPS）的分散平台的演变。

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

以太坊：当前的景观和未来前景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，以太坊仍然是区块链生态系统的中心支柱，继续作为智能合约和分散应用程序（DAPPS）的分散平台的演变。 Ethereum于2015年由Vitalik Buterin和联合创始人推出，为区块链技术引入了可编程性，使开发人员能够在简单的点对点交易之外构建广泛的应用程序。它的本地加密货币ETHER（ETH）是仅次于比特币的市值的第二大货币，巩固了以太坊作为去中心融资（DEFI），不可杀死的代币（NFTS）和许多Web3创新的作用。

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.

近年来，以太坊经历了重大的技术升级，最著名的是，通过合并，从2022年9月的合并中成功过渡了从工作证明（POW）到股份证明（POS）。这种关键的变化大大降低了以太坊的能源消耗超过99％，并为未来的可伸缩性提高了方式。 2023年的上海/Capella升级引入了积分提款，增加了网络参与度和验证者的灵活性www.coindesk.com。 2024年和2025年初，已经在以太坊的路线图上进行了持续的工作，重点是汇总，碎片和其他解决方案，以解决拥堵和高交易费用，统称为“浪涌”和“ Scourge”阶段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.

以太坊的生态系统不断扩大。截至2025年初，在网络上部署了超过4,000个DAPP，以太坊的DEFI协议中的总价值锁定（TVL）定期超过300亿美元。该平台也仍然是NFT市场的主要选择，并激发了第2层（L2）缩放解决方案（例如乐观，仲裁和ZKSYNC）的一波浪潮，这些解决方案（例如乐观，仲裁和ZKSYNC）在链上处理交易，并将其定位在以太坊上，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.

展望未来，以太坊对2025年及以后的前景是其持续努力提高可扩展性，安全性和权力下放的努力。预计将在2025年和2026年的阶段推出碎片的实施，预计将进一步提高交易速度并降低成本。随着机构采用的增长和以太坊的数字资产，分散财务的基础架构的发展，该网络有望在未来几年中保持其领导作用，以维持其领导作用。但是，随着以太坊继续定义可编程货币和分散应用程序的未来，替代区块链和监管变化的竞争仍然是值得关注的关键因素。

Ethereum Technology Overview

以太坊技术概述

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，以太坊的核心技术优先事项围绕可伸缩性，安全性和可用性，在每个领域取得了重大进展。

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.

展望未来，以太坊的技术轨迹着重于扩展以支持数十亿用户，增强开发人员工具以及促进与其他区块链的互操作性。 POS，汇总和即将到来的shard升级位置以太坊的结合，使以太坊仍然是分散融资（DEFI），NFTS和新兴的链上创新的基础层，直到2025年及以后的Cointelegraph.com。

Key Developments Since Ethereum 2.0

以太坊2.0以来的主要发展

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升级完成以来，Ethereum经历了重大变化，巩固了其作为领先的Smart合同平台的地位。从2023年到2025年，关键的发展集中在可伸缩性，可持续性和可用性上，这反映了网络的技术野心及其充满活力的生态系统的需求。

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.

展望未来，以太坊的重点是扩展，可访问性和可持续创新。随着持续的升级，该网络具有良好的位置，以保持其优势并支持2025年及以后的分散应用程序扩展。

DeFi and NFT Ecosystem on Ethereum

以太坊上的Defi和NFT生态系统

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资（DEFI）和无牙（NFT）生态系统的基础基础设施，尽管从替代1层和2层网络中竞争不断增长，但仍保持其优势。根据Defillama.com的数据，以太坊Defi协议中的总价值锁定（TVL）继续占市场的很大份额，但在2025年初的数字定期超过30至400亿美元。