流入 L1 和 L2 网络的流量有助于显示活动热点并区分高度活跃和“死亡”的区块链

最近的流量数据显示，几个主要链条的平衡发生了变化。乐观（OP）成为净流入的最重要接受者

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.

根据 Artemis__xyz 的最新数据，顶级 L1 和 L2 协议看到几个领先链的平衡发生了变化，重点是净资产流入。

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.

乐观（OP）成为净流入的最重要接受者，主要是由以太坊（ETH）资产大规模流动推动的。 Arbitrum (ARB) 也表现出较高的整体活动，但资产保留率较低。值得注意的是，这两家 L2 链都吸引了超过 10 亿美元的流动性。

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.

这些流量表明以太坊使用的转变，其中领先的 L1 越来越多地被用作中继层，促进资产转移到 L2 区块链。大量资金流入 Optimism 的关键原因之一是超级链的扩张，除了 Optimism 主网之外，超级链还托管着一长串项目。

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.

超级链中包含的项目包括 Base、Worldcoin、Celo 和 OP BNB 版本。一些分布式应用程序 (dApp)、游戏和 DeFi 协议已经转向这些可扩展的链，保留了大量可用流动性。

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.

尽管尝试创建其他跨链工具，桥接仍然是促进资产大规模流入的主要方法。由于桥接能力有限，这也意味着L2链保留了大部分桥接资产并保证了良好的流动性。

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.

在某些情况下，流入 L2 的资金是由鲸鱼钱包的行为驱动的，这可能会造成财富分配的不平等。 Arbitrum 是来自以太坊的流动性的最大目标之一，流动性主要以 USDT 代币的形式存在。

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.

这些资金流入很大程度上仅限于排名前 200 的钱包，这些钱包持有超过 93% 的 USDT 财富。虽然这些转移可能针对流动性池、去中心化交易所（DEX）或其他链上实体，但它们并不一定表明用户将其资金和钱包转移到新链上。

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，市场活动高峰期往往与流向 L1 和 L2 链的更活跃的流量同时发生。原因之一是能够在不同协议之间找到套利机会。第二季度，流量增加并影响了更多的 L2 链。

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

以下是按网络流量划分的顶级协议的快照，如 Artemis__xyz 所强调的：

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

最大净流量。? @Optimism : +$1.2B? @Arbitrum : +$1.0B? @Base : +$450M4️⃣ @Injective : +$185m5️⃣ @Solana : +$175m

— Artemis (@artemis__xyz) July 31, 2024

- 阿耳忒弥斯 (@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，流动性和用户的指标并不总是重叠的。流动性流入的原因可能是特定的应用程序、金库或借贷协议，它们从少量的用户数量中吸引了大量资金。对于某些链来说，高流量与低交易价值同时发生。

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 这样的网络只获得了 1.53 亿美元的价值，但却承载着 Axie Infinity 游戏的流量，每日活跃用户超过 220 万。 Ronin 几乎与 TRON 持平，拥有 220 万日活跃用户。

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.

由于承载了大量稳定币以及 NFT 和代币，BNB Chain 等较旧的网络仍然接近 Solana 的活动。然而，BSC 在 DeFi 领域的建设方面已经放缓。

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解决方案中，以前被过度炒作的项目流出量最大。 Linea 和 ZKSync 的净流出均接近 5 亿美元。这些 L2 链承诺生产 ZK-rollup 解决方案并成为下一个建筑中心。

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 通过空投承诺和 ZK 代币的推出赢得了很高的知名度。激励用完后，ZKSync 被放弃。 Linea 在宣布原生代币方面仍然滞后。原生代币空投可能会延迟数月，与此同时，流动性正在放弃该链。

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.

资金外流也影响到了在 2021 年游戏牛市期间蓬勃发展的老一代连锁店。像 Polygon 和 Avalanche 这样的网络在活动和流动性方面并未享受到同样的复苏。 NFT 交易和一般代币桥接的放缓也导致这些链的资金流入较少。

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 的净流入也很少，部分 BNB 资产桥接至 Solana。部分资金流入Base，成为Uniswap交易最重要的链。 Solana 是净流量的重要接收者，也成为 Base 和 Arbitrum 的流动性来源。

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.

最近链之间的活动也反映在桥梁的总体使用情况上。第二季度的桥梁交易量变得更加稳定，24 小时内在 1.7 亿美元到 3 亿美元之间变化。一周内，超过 $1.76B 的资产已在链之间桥接。