Van Eck analyst: Ethereum L2 market cap will reach $1 trillion by 2030

2024-04-04 13:45:54

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ChainCatcher news, according to Cointelegraph, Van Eck's senior digital asset investment analyst Patrick Bush and digital asset research director Matthew Sigel stated in a report that the Ethereum Layer-2 scaling network will reach a market value of $1 trillion within six years and will consist of thousands of use-case-specific chains.

Bush and Sigel arrived at the $1 trillion market value prediction by estimating that Ethereum will capture 60% of the market share of all public blockchains, and then estimating the amount of assets within the Ethereum ecosystem.

The analysts stated that future L2s on the underlying Ethereum network could generate "significant" revenue. "We expect L2 revenue to exceed that of Ethereum, as Ethereum cannot match the transaction throughput or user experience of L2."

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