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Futures
Futures
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CandyDrop
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Launchpool
Quick staking, earn potential new tokens
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Hold GT and get massive airdrops for free
Launchpad
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Alpha Points
NEW
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NEW
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Earn interests with idle tokens
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Auto-invest on a regular basis
Dual Investment
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Soft Staking
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Crypto Loan
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Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Recently, I came across some interesting data: the Lighter project accounts for nearly 90% of the daily volume on Ethereum L2, which sounds quite impressive at first glance. However, upon closer inspection, it turns out that it contributes only about 685 USD in costs to the Ethereum Mainnet each day, which totals just over 250,000 USD in a year.
More importantly, the TVL of Lighter is entirely in USDC. What does this mean? Users trading and providing liquidity on it do not need to hold ETH as gas or collateral at all. The entire ecosystem operates with little relation to ETH as an asset, and it hasn't brought any incremental demand for the monetary properties of ETH.
To put it simply: the data is bustling, but the actual value brought to the Ethereum ecosystem is quite limited. L2 does alleviate the pressure on the Mainnet, but if it merely increases the activity without contributing to the demand for ETH itself, this kind of prosperity is somewhat hollow.