The on-chain activity of the Ethereum network remains the core driving force supporting the value of Ether, but recent growth mainly comes from the Layer 2 scaling network (Layer2). However, there is still uncertainty about how much of this activity can ultimately flow back to the Ethereum mainnet.
Citibank estimates that only about 30% of Layer 2 activity will be substantially reflected in the value model of Ether, so the current price level is already above the reasonable range estimated by the bank based on on-chain activity.
Citi's analysis suggests that the recent price resilience of Ethereum may stem from strong capital inflows and market enthusiasm for tokenization and stablecoins.
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#XRP ETF上线
The on-chain activity of the Ethereum network remains the core driving force supporting the value of Ether, but recent growth mainly comes from the Layer 2 scaling network (Layer2). However, there is still uncertainty about how much of this activity can ultimately flow back to the Ethereum mainnet.
Citibank estimates that only about 30% of Layer 2 activity will be substantially reflected in the value model of Ether, so the current price level is already above the reasonable range estimated by the bank based on on-chain activity.
Citi's analysis suggests that the recent price resilience of Ethereum may stem from strong capital inflows and market enthusiasm for tokenization and stablecoins.