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以太坊 L2 策略遭質疑:Robinhood 日賺 600 萬美元,以太坊卻難分一杯羹

2026-09-06 11:11:38

ChainCatcher 消息,DeFi 研究員 Ignas 發文表示,Robinhood 此前創下超 600 萬美元的單日手續費紀錄,其中約 10%流向 Arbitrum,最終分給以太坊 L1 的收入則"少得可憐"。

Ignas 認為,這種模式或許並非完全不可接受,就像 Uber 早期通過補貼換取增長一樣,以太坊也可能通過 L2 吸引傳統金融業務進入其生態,並在生態形成較高轉換成本後逐步提高"租金"。不過,如果以太坊開發者能夠制定明確戰略,先吸引更多 L2,再在其轉換成本足夠高後實現變現,這反而可能成為利好 L1 的長期商業模式,但目前在以太坊路線圖中尚未看到這樣的明確戰略,並反問:"還是我理解錯了?"

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