# Сопутствующие статьи по теме Layer 2

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Layer 2", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

From Airdrop Myth to King of Derivatives: A Look Back at Hyperliquid's 2025 Conquest

Reviewing crypto's growth in 2025, Hyperliquid stands out. It began the year with an epic airdrop and strong price performance, capturing attention. By year's end, it transformed into a top-four revenue-generating platform in crypto, earning over $650M and at one point capturing 70% of all perp trading volume. Its success was no accident. In Q1, it solidified its reputation by being first to list new assets like the TRUMP perp and launched HyperEVM, a smart contract layer. Q2 saw explosive growth: HYPE token surged 4x from April lows, and HyperEVM's TVL grew from $350M to $1.8B. The platform gained mainstream media coverage. In Q3, major wallets like Phantom and MetaMask integrated via Hyperliquid's builder codes, routing $158B in volume and earning partners nearly $50M. A high-profile stablecoin bid war was won by Native Markets, aligning with Hyperliquid's bootstrapped ethos. However, new competitors like Aster and Lighter emerged with aggressive airdrops. Q4 brought permissionless listings via HIP-3, enabling new markets like stock perps and yield-bearing collateral. Yet, HYPE fell nearly 50% from its September peak due to market conditions, a rare ADL event during a crash, and the start of team token unlocks. As perps go mainstream in 2026, Hyperliquid's true test begins. Its success came from building a superior product and ecosystem without shortcuts. Maintaining leadership will require doing it all over again in a crowded field.

marsbit12/12 11:35

From Airdrop Myth to King of Derivatives: A Look Back at Hyperliquid's 2025 Conquest

marsbit12/12 11:35

Global Shift Towards Easing, ETH May Have Taken the 'Best Offensive Position'

Global monetary policy is shifting towards easing, creating a favorable environment for risk assets. Despite a significant market decline in October, the long-term trend of crypto integration with traditional finance continues. A key narrative is emerging: U.S. political and economic elites are building a capital network connecting U.S. Treasury bonds, stablecoins, and Ethereum-based RWA (Real World Assets) protocols. This chain funnels dollar credit into assets ultimately settled on Ethereum and its Layer 2s. Ethereum's recent Fusaka upgrade is a milestone, addressing the issue of L1 value capture diminished by L2 growth. By introducing a dynamic floor price for data blobs (EIP-7918), it ensures L2 activity consistently contributes to ETH burning. Post-upgrade, blob fees have become the primary source of ETH burn, potentially returning ETH to a deflationary state. Technically, ETH appears strong. Leverage in the market is at historically low levels (~4%), and the Long BTC/Short ETH trade has been failing since November. ETH exchange reserves are at a multi-year low, suggesting a potential short squeeze. With anticipated friendly monetary policy from both the U.S. and China, ETH is positioned in a favorable accumulation zone.

比推12/12 06:09

Global Shift Towards Easing, ETH May Have Taken the 'Best Offensive Position'

比推12/12 06:09

Yilihua | Trend Research Latest Report: Wall Street Has Secretly Built Positions, Is Your ETH Still on Board?

Following the market crash in October, the crypto sector has been subdued, but institutional momentum—particularly from Wall Street—is accelerating. U.S. SEC Chair Paul Atkins recently stated that the entire U.S. financial market could migrate on-chain within years, highlighting benefits like transparent ownership and T+0 settlement. A clear narrative is emerging: U.S. political and financial elites are driving a flow of capital from Treasury bonds → stablecoins → Ethereum and RWA protocols → ETH and L2 networks. Ethereum dominates RWA TVL, accounting for 64.5% of the total. The Fusaka upgrade represents a major step in improving Ethereum’s value capture. By introducing a dynamic base fee for blobs (EIP-7918), it ties L2 transaction costs to L1 fees, ensuring more consistent ETH burning. Blob fees now contribute 98% of burn volume, potentially returning ETH to a deflationary model as L2 activity grows. Technically, ETH appears stronger: leverage is near historic lows at 4%, exchange reserves are down, and the ETH/BTC ratio has held steady since November, reducing the effectiveness of popular short-ETH strategies. With anticipated monetary easing in both the U.S. and China, along with supportive regulation, ETH may be entering a favorable accumulation zone.

marsbit12/12 05:05

Yilihua | Trend Research Latest Report: Wall Street Has Secretly Built Positions, Is Your ETH Still on Board?

marsbit12/12 05:05

Amid Global Easing Expectations, ETH Has Entered the Value "Sweet Spot"

In a market still recovering from the October 11 crash, Ethereum (ETH) is positioned as a strong value opportunity amid growing global monetary easing expectations. The article highlights three key factors supporting this outlook: 1. **Wall Street’s deepening integration with crypto**: U.S. regulatory and financial leaders, including SEC officials, are endorsing tokenization and blockchain adoption. A capital network linking U.S. Treasury bonds, stablecoins (like USDT and USDC), real-world assets (RWA), and Ethereum is strengthening. ETH dominates RWA total value locked (TVL), accounting for 64.5% of the crypto total. 2. **ETH’s value capture mechanism**: The Fusaka upgrade introduced EIP-7918, tying blob transaction fees to L1 base fees, ensuring L2 activity consistently contributes to ETH burning. Blob fees now represent 98% of ETH burned, potentially returning ETH to a deflationary model as L2 adoption grows. 3. **Technical strength**: ETH’s leverage ratio has dropped to a historical low of 4%, indicating reduced speculative risk. Exchange reserves are at record lows, and the ETH/BTC ratio has shown resilience, suggesting a potential short squeeze. With anticipated monetary easing in both the U.S. and China, ETH is entering an attractive accumulation zone.

marsbit12/12 04:35

Amid Global Easing Expectations, ETH Has Entered the Value "Sweet Spot"

marsbit12/12 04:35

Trend Research: Why We Remain Bullish on ETH?

Despite the market downturn following the 10/11 crash, Trend Research remains optimistic about Ethereum (ETH). Key factors supporting this view include: 1. **Wall Street Consensus Strengthens**: U.S. SEC Chair Paul Atkins recently highlighted the inevitability of tokenizing traditional financial assets on blockchain, emphasizing benefits like transparency, T+0 settlement, and reduced systemic risk. A clear capital flow has emerged: U.S. dollar credit → U.S. Treasuries → stablecoin reserves → crypto treasury/RWA protocols → ETH/L2. ETH dominates RWA sector with 64.5% of total TVL, recovering swiftly post-crash. 2. **Value Capture Mechanism**: The Fusaka upgrade introduced EIP-7918, linking blob base fees to L1 execution fees, ensuring L2 activity consistently contributes to ETH burning. Blob fees now account for 98% of ETH burned, potentially returning ETH to a deflationary model as L2 activity grows. 3. **Technical Strength**: ETH futures leverage is at a low 4%, indicating reduced speculative risk. The Long BTC/Short ETH trade has underperformed, and ETH exchange reserves are at historic lows (~10% of supply), suggesting potential for a short squeeze. With anticipated monetary easing in both the U.S. and China, ETH presents a favorable buying opportunity in a subdued market.

深潮12/12 04:00

Trend Research: Why We Remain Bullish on ETH?

深潮12/12 04:00

Bankless | Hyperliquid's Epic Battle in 2025, Can It Hold Its Ground in 2026?

Hyperliquid dominated the perpetual futures exchange landscape in 2025, rising from a major airdrop in late 2024 to become the fourth-largest crypto ecosystem by revenue, earning over $650 million and at one point capturing 70% of all perp trading volume. Its success was driven by a crypto-native strategy, including quickly listing trending tokens like TRUMP, the launch of its HyperEVM smart contract layer, and key integrations with major wallets like Phantom and MetaMask via its builder codes program. However, facing rising competition from platforms like Aster and Lighter, along with an automatic deleveraging (ADL) event and team token unlocks in Q4, Hyperliquid’s market share fell to around 17% by year-end. The question for 2026 is whether it can maintain its lead through organic growth and decentralization as the perp market grows more competitive.

比推12/11 23:52

Bankless | Hyperliquid's Epic Battle in 2025, Can It Hold Its Ground in 2026?

比推12/11 23:52

Interop Roadmap Accelerates: After Fusaka Upgrade, Ethereum Interoperability May Take a Key Leap

Recent Ethereum Fusaka upgrade, while primarily focused on Blob capacity expansion, introduced the underappreciated EIP-7825, a critical enabler for Ethereum's zero-knowledge (ZK) and interoperability roadmap. This proposal sets a hard per-transaction gas limit (~16.78 million gas), preventing "mega-transactions" from monopolizing a block. This change transforms block proof generation from a sequential logic problem into a parallelizable computational task, making real-time ZK proofs an engineering feasibility rather than a theoretical impossibility. This foundational shift is pivotal for the L1 zkEVM vision, where Ethereum itself generates verifiable proofs for its state transitions. L1 zkEVM acts as a universal "trust anchor," allowing Layer 2s (L2s) to instantly and trustlessly verify the mainnet's state without waiting for challenge periods. This eliminates the speed-trust decentralization trade-off, enabling near-instant, decentralized cross-chain interoperability. Concurrently, ZK technology is evolving from EVM-compatible zkEVMs to more efficient, ZK-optimized zkVMs. EIP-7825's parallelizable environment allows these zkVMs to operate at peak efficiency, drastically reducing proof generation cost and time. The convergence of EIP-7825, L1 zkEVM, and advanced zkVMs paves the way for the final stage of interoperability (Interop)—abstracting away chain boundaries to deliver a single-chain user experience where cross-chain actions are seamless, secure, and instantaneous.

marsbit12/11 22:52

Interop Roadmap Accelerates: After Fusaka Upgrade, Ethereum Interoperability May Take a Key Leap

marsbit12/11 22:52

Bitcoin Price Surpasses Open Interest Following FOMC

Following Bitcoin Price Surpasses Open Interest After FOMC Following the FOMC announcement, Bitcoin's price demonstrated the instability of leverage in the current market cycle, fluctuating between $92,000 and $89,500. This volatility liquidated billions in open positions on major derivatives markets. Despite the extreme swings, capital continued flowing into high-conviction crypto projects like Bitcoin Hyper ($HYPER), a Bitcoin Layer-2 solution combining Solana-level transaction speeds with Bitcoin's security. U.S. traders added over $38 million in new Bitcoin exposure ahead of key macroeconomic data. The sentiment remains cautiously optimistic, with analysts viewing the $90,000 level as a critical psychological and structural support. A sustained break above $92,000 could open a path toward the $100,000–$110,000 resistance range. Post-FOMC, the market saw a healthy reset with open interest dropping and funding rates normalizing. U.S. institutional flows via ETFs remained strong, indicating long-term investor confidence. Analysts from Bernstein project a potential long-term move to $200,000, while others like Matrixport forecast a mid-cycle consolidation around $120,000–$150,000. Concurrently, Bitcoin Hyper is gaining attention as an ambitious L2 project, having raised over $29 million in its presale. It aims to solve Bitcoin's scalability issues by enabling seamless cross-chain movement with instant, low-fee transactions. Its architecture and staking rewards position it as a high-beta play on Bitcoin's adoption, attracting capital shifting from speculative altcoins to core infrastructure projects.

bitcoinist12/11 17:44

Bitcoin Price Surpasses Open Interest Following FOMC

bitcoinist12/11 17:44

Interop Roadmap "Acceleration": After Fusaka Upgrade, Ethereum Interoperability May Take a Key Leap

The Ethereum Fusaka upgrade, while primarily noted for expanding blob capacity and reducing L2 data costs, introduced the underappreciated EIP-7825—a critical enabler for Ethereum’s ZK and interoperability roadmap. EIP-7825 imposes a per-transaction gas limit (~16.78 million gas), preventing "mega-transactions" from blocking entire blocks. This change makes proof generation parallelizable, transforming it from a logic-bound challenge into a solvable computational problem. As a result, real-time ZK proofs become feasible, even for large blocks, paving the way for near-instant finality. This upgrade supports the development of L1 zkEVM, which can serve as a trust anchor for L2s, enabling secure, instant cross-chain communication without relying on optimistic challenge periods or centralized bridges. Furthermore, the shift from zkEVM to more efficient zkVM architectures is accelerated by EIP-7825, as zkVMs can leverage parallelization for faster, cheaper proof generation. Ultimately, these advancements are key to achieving seamless interoperability—not just for asset transfers, but for generalized cross-chain logic and communication—bringing Ethereum closer to a future where users experience a unified, chain-agnostic interface powered by real-time ZK verification.

深潮12/11 11:02

Interop Roadmap "Acceleration": After Fusaka Upgrade, Ethereum Interoperability May Take a Key Leap

深潮12/11 11:02

Ethereum Network Fees Drop 62%: Is ETH Price at Risk?

Ethereum network fees have dropped 62% over the past 30 days, raising questions about potential risks to ETH’s price. Despite this decline, the network shows resilience through strong layer-2 growth and maintained price support levels. Key data from Nansen indicates a significant cooling in Ethereum base-layer activity, with fees falling more sharply than on competing chains like Solana. However, layer-2 solutions such as Base and Polygon have seen substantial transaction volume growth—108% and 81%, respectively—suggesting that Ethereum’s expanding ecosystem remains dynamic. Ethereum’s recent upgrade, Fusaka, may have contributed to lower fees by improving rollup efficiency. Meanwhile, ETH’s price rose over 11% amid softer U.S. employment data, though it remains 32% below its August peak. On-chain metrics show reduced activity in decentralized applications (DApps). DEX trading volume on Ethereum fell to $13.4 billion from $23.6 billion four weeks earlier, and DApp revenue hit a five-month low. Total value locked (TVL) in Ethereum DApps also declined, dropping from $100 billion to $76 billion over two months. Still, Ethereum maintains a dominant 68% market share among smart contract platforms. Perpetual futures funding rates held near 9%, reflecting balanced leverage market sentiment. Broader institutional and regulatory developments, including positive comments from former SEC commissioner Paul Atkins on blockchain adoption, may support longer-term confidence. In summary, while Ethereum’s base-layer demand has softened, strong layer-2 growth and ongoing ecosystem development suggest underlying strength. Current data does not indicate fundamental weakness in ETH’s market structure.

cointelegraph_中文12/10 08:55

Ethereum Network Fees Drop 62%: Is ETH Price at Risk?

cointelegraph_中文12/10 08:55

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