In a report released earlier this week, analysts from investment manager VanEck forecasted that Ethereum’s Layer 2 scaling networks will reach an astonishing $1 trillion market capitalization by the year 2030.was reached by estimating that Ethereum would hold 60% of the market share across all public blockchains and assessing the volume of assets within its ecosystem.
According to the analysts, Layer 2 networks are set to capitalize on Ethereum’s limited capacity to process, store, and compute data, thus unlocking new opportunities for innovation and growth within the blockchain ecosystem. Despite their optimistic outlook, the analysts are cautious regarding the long-term value of most layer 2-related tokens due to “cutthroat competition,” which could impact the long-term value of many projects. They note that the top seven Ethereum layer 2 tokens already command a fully diluted valuation of $40 billion, with more projects to launch in the coming months.
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