ETH Weekly | The network is now deploying more than 200,000 smart contracts; 54% of respondents believe that ETH may exceed $1,000 again (8.5-8.11)

Author | Qin Xiaofeng

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Produced | Odaily

1. Overall overview

1. Overall overview

This week, analyst Nik Patel conducted a poll on Twitter "Will ETH trade above $1,000 again". The results showed that 54% of the participants thought they would.

Second, the secondary market

Second, the secondary market

1. Spot market

1. Spot marketimage description

(picture from Huobi)

image description

2. Fund flow                                                 

(data from AIcoin)

(data from AIcoin)

In terms of funds, the funds fluctuated greatly this week. The net outflow of funds was the largest on Friday, exceeding 87 million US dollars; the net inflow of funds on Monday was relatively high, about 30 million US dollars.

(data from Tokenview)                                               

(data from Tokenview)

Tokenview dataimage description

(more than 50,000 ETH transfers)

3. Ecology and technology

3. Ecology and technology

1. Development and technology

1. Development and technology

In order to achieve complete privacy transactions on Ethereum, the Tornado team launched the Tornado.cash tool, which does not require centralized hosting and can use Ethereum to achieve private transactions. In Tornado.cash, one address can make a deposit to a smart contract, and then another address can withdraw the money. Based on zero-knowledge proof, others cannot judge who the parties to the transaction are. Moreover, there is no custody in this process, and users can always control their assets. (Medium)

2.DEX

according toDAppTotal.com DEXaccording to

3.Dapp

This week, Ethereum DAPP ushered in a "big explosion", and the number surged. according toDappreview dataDappreview dataTornado.cash, Dapps on the ETH chain added 13 Dapps this week, and the total number of developments reached 2,304;

image description                     

(data from etherchain.org)

etherchain.orgThe data shows that the current average mining difficulty is 2324 T, a month-on-month increase of 3%; the average computing power slightly increased by 1.8%, temporarily reported at 181 TH/s; the activity of miners has increased, and the number of new addresses has increased by 8% month-on-month.

(Mining difficulty changes)

4. News

4. News

1. The PundiX payment ecosystem allows users to trade with the stablecoin Dai

According to MakerDAO official Weibo, Dai has become the first stablecoin in the PundiX payment ecosystem. Through the PundiX payment network, users use the XWallet application, xPASS cards and XPOS devices to conduct Dai transactions. (MakerDAO)

2. The Ethereum network is now deploying more than 200,000 ERC 20 smart contracts

According to EtherScan data, as of EWN’s publication, more than 200,000 ERC 20 smart contracts have been deployed on the Ethereum network, and there are currently 204,453 ERC 20 smart contracts on the Ethereum mainnet. (EWN)

3. The Enterprise Ethereum Alliance appoints Aya Miyaguchi, executive director of the Ethereum Foundation, to help its "mainnet plan"

The Enterprise Ethereum Alliance (EEA) has appointed Ethereum Foundation executive director Aya Miyaguchi to help drive its "Mainnet Initiative." Further details of the EEA mainnet plans will be announced at Devcon5 in Osaka, Japan, October 8-11, 2019. (CoinDesk)

4. dForce launches on-chain interest-earning index synthetic stablecoin USDx

dForce announced that it has recently completed its first round of strategic financing and will soon launch USDx. USDx is a synthetic index-based stablecoin based on Ethereum, which is automatically minted from a basket of high-quality US dollar stablecoins through smart contract decentralization.

5. Twitter survey: 54% of participants believe that ETH may exceed $1,000 again

 Analyst Nik Patel recently conducted a poll on Twitter "Will ETH trade above $1,000 again". The results showed that 54% of the participants thought they would.

6. Media: EtherDelta’s actual controller, Chen Jun, ran away and a case has been filed in Changzhou, Jiangsu

The incident of Chen Jun, the actual controller of the decentralized exchange EtherDelta (EtherDelta), has made new progress, and a case has been filed in Changzhou City, Jiangsu Province according to law. (Golden Finance)

7. Report: USDT owned by 318 addresses accounts for 80% of the supply

According to Coin Metrics, an encryption market research company, there are 318 addresses with at least $1 million worth of Tether (USDT), which account for 80% of the global Tether supply; some USDT whales include major crypto exchanges such as Binance and Bitfinex.