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Investment firm VanEck forecasts that Ethereum layer 2 (L2) networks could be valued at over $1 trillion by 2030 in a base case scenario. Evaluating 46 L2 networks across key areas, VanEck predicts the emergence of “thousands” of rollups, with Arbitrum leading with over $18 billion in locked tokens. VanEck analysts Patrick Bush and Matthew Sigel estimate Ethereum will capture 60% of the market share across public blockchains, modeled around the volume of assets within the Ethereum ecosystem.
L2s serve as secondary networks atop main blockchains like Ethereum, aiding scalability and speed, with rollups being a specific scaling system. Factors like transaction pricing, developer and user experience, trust assumptions, and ecosystem size influence long-term growth. Despite bullish projections, VanEck remains “generally bearish” on the long-term prospects of many L2 tokens, citing fierce competition and potential oversupply, with $100 billion more in L2 tokens expected to hit the market in the next 12-18 months.
