Ethereum Layer 2 Networks To Exceed $1 Trillion Valuation By 2030, Says Expert
Portfolio Pulse from Benzinga Neuro
VanEck predicts Ethereum Layer 2 networks will surpass a $1 trillion valuation by 2030, based on an evaluation of 46 L2 networks. Currently, Arbitrum leads with $18 billion in locked tokens. Despite potential growth, VanEck remains bearish on many networks due to competition and risks like an oversupply of L2 tokens.
April 04, 2024 | 12:54 pm
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VanEck's prediction of Ethereum L2 networks reaching a $1 trillion valuation by 2030 highlights significant growth potential for Ethereum, with Arbitrum leading in locked tokens.
The positive outlook on Ethereum's L2 networks, especially with Arbitrum's current lead, suggests a strong growth trajectory for Ethereum. However, VanEck's bearish view on many networks due to competition and the risk of token oversupply could temper this growth.
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