Coinspeaker
Ethereum Layer 2 Networks to Reach $1 Trillion Market Cap by 2030, VanEck Analysts Predict

Analysts from investment management company VanEck have released a report on the expected growth trajectory of Ethereum layer 2 (L2) networks. According to the April 3 report, Ethereum L2s will hit a staggering $1 trillion market capitalization by 2030.

The report was put together by VanEck’s senior digital assets investment analyst Patrick Bush and digital assets research head Matthew Sigel.

Bush and Sigel made the bold prediction based on the fact that layer-2 blockchains are primed to capitalize on Ethereum’s primary challenge. That is its limitation in terms of processing, storage, and data computing.

They also acknowledged Ethereum’s dominance in smart contracts, which they claim is because of its unparalleled security and decentralization. However, scalability is a critical issue that continues to persist on the network. The analysts noted that as Ethereum’s usage intensifies, transaction fees and processing times also soar. This h...