ETH Weekly Report | Tether newly issued 100 million USDT; ProgPow audit is expected to be postponed (5.20-5.26)

Author | Qin Xiaofeng

Produced | Odaily

Produced | Odaily

1. Overall overview

1. Overall overview

This week, Tether issued a new USDT worth 100 million USD to the Ethereum network, and the newly issued 100 million USDT was transferred to the exchange address marked Bitfinex 4 at one time.

Second, the secondary market

Second, the secondary market

1. Spot market

1. Spot marketimage description

(Picture from Huobi Pro)

2. Fund flow

(data from AIcoin)

(data from AIcoin)

In terms of funds, funds fluctuated greatly this week. Among them, the net inflow of funds on Friday was higher, exceeding 66 million US dollars; the net outflow of funds on Wednesday was the largest, reaching 170 million US dollars.

(data from Tokenview)

(data from Tokenview)

Tokenview data3. Ecology and technology

3. Ecology and technology

1. Development and technology

(1) Vitalik suggested anonymizing Ethereum transactions through mixers

Founder of EthereumFounder of EthereumV God (Vitalik Buterin)

Recently, a "minimal mixer design" was proposed to obfuscate user addresses when sending a fixed amount of ETH. By creating two smart contracts on ethereum, a "mixer and transponder registry," users can choose to conduct private transactions on the ethereum blockchain through a so-called anonymity set.

(2) Ethereum developer conference call tentatively approves an improvement proposalEIP（EIP 1108）For Istanbul upgrade, there is only one

Gaining tentative approval, the proposal proposes small improvements to Ethereum’s gas fees. The proposal was tentatively approved, but benchmark data needs to be submitted at the next core developer meeting.

(3) Ethereum developers: ProgPow audit expected to be delayedHudson Jamesonaccording to

2.Dapp

according toDappreview data, the cumulative number of Dapps developed on the ETH chain reached 1692, and 15 new Dapps were added this week; only 4 of the newly added Dapps have users.

DappraderThe data shows that the newly added Dapp with the highest seven-day transaction volume "Battle RacersThe data shows that the newly added Dapp with the highest seven-day transaction volume "Battle Racersis an arcade game where users build race and battle model cars.

image description

(data from Dapprader)

image description

(data from etherchain.org)

etherchain.org(Mining difficulty changes)

(Mining difficulty changes)

4. News

4. News

1. The U.S. Financial Industry Authority approves the listing and trading of Grayscale Ethereum Trust

The U.S. Financial Industry Regulatory Authority (FINRA) has approved a deal for asset manager Grayscale’s Grayscale Ethereum Trust, making it the first publicly quoted security linked to ethereum. (The Block)

2. The Ethereum Foundation will spend $19 million to fund the Ethereum 2.0 upgrade

The Ethereum Foundation issued a document stating that it will invest $30 million in key projects within the Ethereum ecosystem in the coming year. Of this, $19 million will be used to "build the future of Ethereum," which includes Ethereum 2.0, "second-layer" scaling projects like Plasma, and other research and development projects; another $8 million will be spent over the next 12 months Plans such as Ethereum 1x to support the current Ethereum mainnet. (CoinDesk)

3. The monthly active users of MetaMask, the light wallet of Ethereum, are about 264,000, and the number of transactions is about 1.51 million

The Ethereum light wallet MetaMask announced its April user data, with about 90,000 weekly active users, about 264,000 monthly active users, and about 320,000 weekly visits, indicating that active users visited the wallet 4.9 times a week on average; the number of transactions in April was about 1.51 million; MetaMask added 89,000 new wallets and 53,000 access wallets in the past two months. (Medium)

4. BlockFi will adjust deposit rates in Bitcoin and Ethereum interest accounts

Fintech startup BlockFi has announced that it has decided to adjust deposit rates in its Bitcoin and Ethereum interest accounts. For ETH interest accounts, the interest rate for accounts with a balance of 25 ETH-100 ETH will be reduced from 6.2% to 3.25% for balances above 100 ETH. Will continue to earn 0.2% interest. (CryptoGlobe)

5. Tether newly issued 100 million USDT

According to data from the PeckShield situational awareness platform: at 20:50 pm on May 24th, Tether issued a new USDT worth 100 million US dollars to the Ethereum network, and the newly issued 100 million USDT was blocked once at 20:58. sex to the exchange address labeled Bitfinex 4. As of now, Tether's total issuance of ERC20 USDT on the Ethereum network has reached 500 million.