{"id":601375,"date":"2024-04-04T15:00:51","date_gmt":"2024-04-04T15:00:51","guid":{"rendered":"https:\/\/ktsl888.com\/?p=601375"},"modified":"2024-04-04T12:45:29","modified_gmt":"2024-04-04T12:45:29","slug":"ethereum-l2s-growth-vaneck-eyes-1-trillion-market-cap","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-l2s-growth-vaneck-eyes-1-trillion-market-cap\/","title":{"rendered":"Ethereum L2s Growth: VanEck Eyes $1 Trillion Market Cap As ETH Stalls"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Banking behemoth VanEck has valued Ethereum Layer-2 (L2) solutions at an astounding $1 trillion in a daring <\/span><a href=\"https:\/\/www.vaneck.com\/us\/en\/blogs\/digital-assets\/matthew-sigel-vanecks-ethereum-layer-2s-valuation-prediction-by-2030\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">prediction<\/span><\/a><span style=\"font-weight: 400\">, emphasizing the critical role that efficiency gains and scalability improvements will play in the development of blockchain technology.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Ethereum Layer 2s Poised For Significant Increase In Valuation<\/span><\/h2>\n<p>According to VanEck researchers, <a href=\"https:\/\/ktsl888.com\/press-releases\/vitalik-advocates-for-layer-2s-on-ethereum-uniswaps-fresh-memecoin-promises-lucrative-opportunities\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Ethereum Layer 2<\/span><\/a><span style=\"font-weight: 400\"> scaling networks are expected to soar to the aforementioned market valuation by 2030. Leading the comprehensive prediction were Patrick Bush, the senior investment analyst at VanEck, and Matthew Sigel, the head of digital research.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-layer-2-networks\/\" target=\"_blank\" rel=\"noopener \">Ethereum Layer 2 Networks Just Set A New Record<\/a><\/div>\n<p><span style=\"font-weight: 400\">Specifically, the bold forecast was carried out while evaluating Ethereum Layer 2s in five distinct important areas. These include Layer 2s transaction pricing, developer experience, user experience, trust assumptions, and L2s ecosystem size. <\/span><span style=\"font-weight: 400\">In addition, it was made by first assessing the amount of assets in the Ethereum ecosystem and then projecting that <\/span><a href=\"https:\/\/ktsl888.com\/press-releases\/validator-landmark-for-ethereum-spurs-monero-and-render-rivals-growth-expectations\/\"><span style=\"font-weight: 400\">ETH<\/span><\/a><span style=\"font-weight: 400\"> would account for about 60% of the market share among public blockchains.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">It is noteworthy that Layer 2s, by managing the majority of transactions off the main blockchain, addresses scalability issues. In this case, Zero-knowledge roll-ups (ZKUs) and optimistic roll-ups (ORUs) are the two major forms of layer 2 networks.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Given the limits of the main blockchain&#8217;s transaction processing, these L2 technologies may be able to generate more funds than Ethereum since they handle scalability by processing transactions off the main network.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the researchers stated, in the future, a few general-purpose L2s will be in control, but a plethora of roll-ups tailored to certain use cases will also arise, making it possible to host social media networks on different rollups.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The report read:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">Beyond the dominance of a few roll-ups among general-purpose L2s, we forecast a future of thousands of use-case-specific roll-ups. These L2 will be segmented by sector, application, or function. Other types of chains may be specifically geared towards hosting a whole sector, such as a roll-up that hosts a social media network, as well as applications that want to build products and services for that social media network.<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">This forecast by <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/vaneck-ceo-bitcoin-price-69000\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">VanEck<\/span><\/a><span style=\"font-weight: 400\"> primarily points to the possibility that L2 solutions could perform better in terms of value than Ethereum in the next six years. The report also claims that Layer-2 blockchains will benefit from Ethereum&#8217;s restricted processing power, as well as its data-storing and computation capabilities.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">ETH Price Experiences Bearish Activity<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Presently, <\/span><a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-uptrend-3320\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Ethereum&#8217;s price<\/span><\/a><span style=\"font-weight: 400\"> is declining after failing to rise above the $4,000 mark once more. Even though the market is currently correcting downward, a positive bounce is still anticipated to occur soon.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-fails-again-3300\/\" target=\"_blank\" rel=\"noopener \">Ethereum Price Fails Again, Signs Of More Losses Below $3,300<\/a><\/div>\n<p><span style=\"font-weight: 400\">Compared to other notable coins in the crypto market like Bitcoin, ETH has underperformed over the past month. Consequently, there have been speculations within the cryptocurrency community, if a further decline is imminent.<\/span><\/p>\n<p><span style=\"font-weight: 400\">ETH has seen a decrease of more than 10% since March, following a surge to $4,091 ahead of the Dencun upgrade. As of press time, Ethereum was trading at $3,343, displaying an increase of 1% in the past day.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Its market cap is now valued at $401,42 billion, with a 1% rise in the last 24 hours. However, its daily trading volume has plummeted by over 30%, pegging at $13,50 billion.\u00a0<\/span><\/p>\n<figure style=\"width: 2273px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/8oDTNMgR\/\" alt=\"Ethereum\" width=\"2273\" height=\"1351\"><figcaption class=\"wp-caption-text\">ETH trading at $3,344 on the 1D chart | Source: ETHUSDT on <a href=\"https:\/\/www.tradingview.com\/x\/8oDTNMgR\/\" target=\"_blank\" rel=\"noopener nofollow\">Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Banking behemoth VanEck has valued Ethereum Layer-2 (L2) solutions at an astounding $1 trillion in a daring prediction, emphasizing the critical role that efficiency gains and scalability improvements will play in the development of blockchain technology. Ethereum Layer 2s Poised For Significant Increase In Valuation According to VanEck researchers, Ethereum Layer 2 scaling networks are expected to soar to the aforementioned market valuation by 2030. Leading the comprehensive prediction were Patrick Bush, the senior investment analyst at VanEck, and Matthew Sigel, the head of digital research. Related Reading: Ethereum Layer 2 Networks Just Set A New Record Specifically, the bold forecast was carried out while evaluating Ethereum Layer 2s in five distinct important areas. These include Layer 2s transaction pricing, developer experience, user experience, trust assumptions, and L2s ecosystem size. In addition, it was made by first assessing the amount of assets in the Ethereum ecosystem and then projecting that ETH would account for about 60% of the market share among public blockchains.\u00a0 It is noteworthy that Layer 2s, by managing the majority of transactions off the main blockchain, addresses scalability issues. In this case, Zero-knowledge roll-ups (ZKUs) and optimistic roll-ups (ORUs) are the two major forms of layer 2 networks. Given the limits of the main blockchain&#8217;s transaction processing, these L2 technologies may be able to generate more funds than Ethereum since they handle scalability by processing transactions off the main network. As the researchers stated, in the future, a few general-purpose L2s will be in control, but a plethora of roll-ups tailored to certain use cases will also arise, making it possible to host social media networks on different rollups. The report read: Beyond the dominance of a few roll-ups among general-purpose L2s, we forecast a future of thousands of use-case-specific roll-ups. These L2 will be segmented by sector, application, or function. Other types of chains may be specifically geared towards hosting a whole sector, such as a roll-up that hosts a social media network, as well as applications that want to build products and services for that social media network. This forecast by VanEck primarily points to the possibility that L2 solutions could perform better in terms of value than Ethereum in the next six years. The report also claims that Layer-2 blockchains will benefit from Ethereum&#8217;s restricted processing power, as well as its data-storing and computation capabilities. ETH Price Experiences Bearish Activity Presently, Ethereum&#8217;s price is declining after failing to rise above the $4,000 mark once more. Even though the market is currently correcting downward, a positive bounce is still anticipated to occur soon. Related Reading: Ethereum Price Fails Again, Signs Of More Losses Below $3,300 Compared to other notable coins in the crypto market like Bitcoin, ETH has underperformed over the past month. Consequently, there have been speculations within the cryptocurrency community, if a further decline is imminent. ETH has seen a decrease of more than 10% since March, following a surge to $4,091 ahead of the Dencun upgrade. As of press time, Ethereum was trading at $3,343, displaying an increase of 1% in the past day. Its market cap is now valued at $401,42 billion, with a 1% rise in the last 24 hours. However, its daily trading volume has plummeted by over 30%, pegging at $13,50 billion.\u00a0 Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":601379,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,92008,8686,78803,92011,92012,14829,92009,92010],"class_list":["post-601375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethereum-layer-2-solutions","tag-ethusd","tag-ethusdt","tag-optimistic-roll-ups","tag-orus","tag-vaneck","tag-zero-knowledge-roll-ups","tag-zkus"],"acf":[],"yoast_head":"\n<title>Ethereum L2s Growth: VanEck Eyes $1 Trillion Market Cap As ETH Stalls<\/title>\n<meta name=\"description\" content=\"Banking behemoth VanEck has valued Ethereum 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. 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Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. 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