ETH Weekly Report | Harmony does not support the Istanbul fork; Gods Unchained exceeds the peak trading volume of encrypted cats (11.11-11.17)
Author | Qin Xiaofeng
Produced | Odaily
Produced | Odaily
1. Overall overview
1. Overall overview
The Ethereum Istanbul hard fork is expected to take place on December 4th. The testnet before the hard fork has been activated, and the Rinkeby testnet is the latest one. On November 15, PegaSys Protocol Engineering product manager Tim Beiko revealed that Harmony will not support Istanbul. “We also got an update from EthereumJ/Harmony announcing that they will stop maintaining their Eth 1 client to focus on Eth 2.0. They will not be supporting Istanbul.”
Second, the secondary market
Second, the secondary market
1. Spot market
image description
(ETH daily chart, picture from OKEx)
(ETH daily chart, picture from OKEx)
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(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 67 million US dollars; the net inflow of funds on Saturday was relatively high, exceeding 19 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) Developer: Harmony will not support Ethereum Istanbul hard fork
The Ethereum Istanbul hard fork is expected to take place on December 4th. The testnet before the hard fork has been activated, and the Rinkeby testnet is the latest one. On November 15th, PegaSys Protocol Engineering product manager Tim Beiko tweeted a developer conference call about the progress of the Istanbul hard fork. After several releases of Netermind, Besu, and Geth, Parity v2.5.10 Stable and v.2.6.5 Beta are the latest releases. The release will add block numbers to activate the Istanbul hard fork on the mainnet, among other updates. Alongside the latest version of Parity, Aleth 1.7.0 was also released, which focuses on the EIP for the Istanbul hard fork. While the developers urged the community to update their nodes, Beiko revealed that only 16% of nodes have been updated.
(2) The decentralized exchange IDEX claims to create "Ethereum's infinite scaling solution"
(3) Ethereum launches Ethereum Studio 1.0, a web IDE tool
The Ethereum Foundation has launched version 1.0 of its web-based integrated development environment (IDE), Ethereum Studio, according to official news. The goal of Ethereum Studio is to allow developers to develop based on Ethereum within a few minutes, reducing friction in development as much as possible. Users can perform these tasks through Ethereum Studio: develop and test smart contracts in the browser, integrate smart The contract is connected to the front-end web application, guides its application through three template tutorials, and shares projects with one click. (Ethereum)
(4) Mikerah, an independent researcher, will develop Meson, a hybrid network based on the Ethereum network layer
Danny Ryan, a researcher at the Ethereum Foundation, recently gave details on the new sharding proposal and other developments related to Ethereum 2.0 during a guest podcast.
Ryan also talked about the plan to "release Ethereum 2.0 phase zero in early January". Ryan said that he has zero expectations for the version to be released in January, but is optimistic about launching phase zero in the first quarter of 2020. Ryan clarified that a team member tossed that date as a suggestion on a public call, and the press misinterpreted it as a release date. Ryan added: "This was never our (planned) release date... Our goal is to release in the first quarter." (AMBCrypto)、
2.DEX
according toDAppTotal.com DEXimage description
(picture fromDAppTotal.com DEX）
according to
3.Dapp
according toDappreview dataDappreview data“Mutual Alliance", Dapps on the ETH chain added 15 Dapps this week, and the total number of developments reached 2,711; the newly added Dapps with the largest seven-day transaction volumeMutual Alliance, the seven-day transaction volume reached 550 ETH.
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(data from etherchain.org)
etherchain.orgThe data shows that the current average mining difficulty is 2458 T, a month-on-month decrease of 2.5%; the average computing power decreased by 2.79% month-on-month, temporarily reported at 181.1 TH/s. The activity of miners is still low this week, the new addresses decreased by about 8% month-on-month, and the total number of blocks produced decreased by 5% month-on-month.
(Mining difficulty changes)
4. News
1. Report: The healthy growth of the Ethereum network in the two years after the ICO bubble has benefited from the rise of stablecoins
Ethereum has shown considerable growth over the past two years following the ICO bubble, according to a report from Coinmetrics. Much of the growth has been attributed to the rise of stablecoins (especially Tether) in the crypto market. Although Ethereum was grossly overvalued during the 2018 ICO bubble, the current NVTV ratio is reaching a tipping point. A lower NVTV ratio indicates network growth.
2. TATTOO Wine platform developed by Ernst & Young launched on the Ethereum blockchain
On November 14, the TATTOO Wine platform developed by Ernst & Young (EY) was launched on the Ethereum public blockchain network. The related technology utilizes the EY OpsChain platform launched by Ernst & Young (EY) to achieve traceability. The plan was proposed by Blockchain Wine, a Singapore start-up company. The founder of Blockchain Wine said, “In the TATTOO wine market, each bottle of wine can be traced back to the entire process from origin to direct delivery to consumers.” (Ledger Insights)
3. The transaction volume of the Ethereum game Gods Unchained exceeds the peak period of CryptoKitties
On November 12, the blockchain research platform Coin Metrics published an article pointing out that the recent transaction volume of the Ethereum trading card game Gods Unchained has surged, causing the transaction volume of ERC 721 tokens in November to exceed the transaction volume of CryptoKitties at its peak in 2017.
4. The ranking of Ethereum’s DeFi lockups changed slightly, and Synthetix once surpassed Compound to rank second
Most of the time, projects such as MakerDAO and Compound rank high in the lockup value of the Ethereum DeFi platform. But Spencer Noon, partner at Doggie Tail Crypto Capital, noted that things are changing. In a recent tweet, he stated that the DeFi protocol Synthetix currently has $103.5 million worth of assets locked in the contract, even slightly exceeding Compound ($103 million) at one point. This also shows the development and growth of Ethereum’s DApp ecosystem and its DeFi.
