- VanEck analysts predict Ethereum layer 2 scaling networks’ potential to reach $1 trillion in market cap by 2030.
- Analysts Patrick Bush and Matthew Sigel forecast that the Layer 2 networks’ TVL will surge substantially in the upcoming years.
- The report anticipates that Ethereum will dominate over 60% of the market share across all public blockchains.
In an April 3 report, investment manager VanEck forecasted the potential of Ethereum’s layer 2 scaling networks to reach $1 trillion in market cap by 2030. Analysts Patrick Bush and Matthew Sigel shed light on the network’s ability to enhance blockchain scalability and efficiency.
In addition, the analysts estimated that Ethereum would dominate over 60% of the market share across all public blockchains. Commenting on the primary focus of the layer 2 blockchains, Bush and Sigel elaborated that they are set to confront Ethereum’s primary challenge of “limited capacity to process, store, and compute data.” They added,
“Ethereum’s dominance in smart contracts faces a critical hurdle: scalability. While the network offers unparalleled security and decentralization, transaction fees and processing…The post Ethereum L2s To Reach $1T in Market Cap, Says VanEck Analysts appeared first on Coin Edition.