ETH Weekly | The Ethereum Foundation sold 70,000 ETH at the highest point; Fidelity Digital Assets may support Ethereum next year (12.9-12.15)

Author | Qin Xiaofeng

Author | Qin Xiaofeng

secondary title

1. Overall overview

1. Overall overview

Second, the secondary market

Second, the secondary market

1. Spot market

image description

(ETH daily chart, picture from OKEx)

image description

2. Fund flow       

(data from BiNuNiu)

(data from BiNuNiu)

(data from Tokenview)

3. Large transaction       

(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

(1) It will take at least 3-5 years to fully launch ETH 2.0 due to core issues that slow down development

With the Istanbul upgrade successfully completed, Ethereum 2.0 is also making progress, but the complete ETH 2.0 timetable has not yet been announced. According to a recent official blog post, it can be expected that “the full rollout of Ethereum 2.0 may be many years away.”

The team is currently focusing on more incremental upgrades to Ethereum 1.x, and related research is being broken down into smaller updates to ensure the original chain remains operational during this interim period. The task now is to "extend the life of the original chain by at least 3-5 years before upgrading to ETH 2.0."

The reasons for this "delay" are multifaceted and complex. In this blog post, Griffin Ichiba Hotchkiss mentions some core issues that are currently slowing developers down, including: on-chain storage; block size and transaction throughput; state size and network performance. (BeInCrypto)

(2) The Ethereum 2.0 development team released the Lighthouse public test network

Ethereum 2.0 development team Sigma Prime has officially released the first Eth2 public testnet with mainnet configuration - Lighthouse public testnet, which is also the first official release of Lighthouse (v0.1.0). The testnet has two notable features: it uses the mainnet specification (with minor modifications); it has over 16384 validators.

According to a report released by the Ethereum Foundation's cooperative start-up company Iden3, the ZK-Rollup function will allow more transactions to be verified in each Ethereum block. The Visa network currently averages 2000 TPS, and Ethereum currently supports around 30 TPS, but with the implementation of ZK-Rollup, this number could explode by 6300%. So this breakthrough is not entirely impossible. (U. Today)

2.DEX

according toDAppTotal.com DEXimage description

(picture fromDAppTotal.com DEX）

according to

3.Dapp

according toDappreview dataDappreview data

image description

(data from etherchain.org)

etherchain.org(Mining difficulty changes)

(Mining difficulty changes)

4. News

4. News

1. V God: The Ethereum Foundation basically sold 70,000 ETH at the highest point

In an interview with Eric Weinstein, managing director of Thiel Capital, Vitalik Buterin, the co-founder of Ethereum, said that I did let the Ethereum Foundation sell 70,000 ETH, basically at the highest point, which made our funds sustainable. Doubled, so it was a good decision that made a big difference. It is reported that ETH reached a high of $1,400 in January 2018. So if they sold at that price, 70,000 ETH would be worth about $100 million. (TrustNodes)

2. Ethereum developer ConsenSys shuts down operations in India and the Philippines

Ethereum developer ConsenSys has shut down key operations in India and the Philippines. ConsenSys Chief Executive Joe Lubin notified the team of the news via email, the people said. A member of the seven-member Indian team confirmed the closure of local offices and Philippine operations. It is reported that ConsenSys has more than 30 offices around the world. (CoinDesk)

3. Santander Successfully Redeemed a $20M Bond Issued on the Ethereum Blockchain in September

Spain’s Santander bank has redeemed $20 million worth of bonds it issued in September on the ethereum blockchain. John Whelan, the bank’s head of digital investment banking and chairman of the Enterprise Ethereum Alliance, also provided public evidence of blockchain transactions on Etherscan, visible to both issuer and investor wallets. In this pilot transaction, Santander is both investor and issuer. (CoinDesk)

4. The data shows that Asian countries tend to run Ethereum nodes, while many European countries tend to run Bitcoin nodes

Data shows that there are currently estimated to be more than 70,000 Bitcoin nodes, but if only visible and accessible listening nodes are considered, there are about 9,400 Bitcoin nodes and 8,200 Ethereum nodes. The U.S. has by far the most Bitcoin and Ethereum nodes, followed by Germany, China, Singapore, and France; Singapore comfortably leads with 171 nodes per million people, while Hong Kong and several European countries follow . Asian countries tend to run Ethereum nodes, while European countries tend to favor Bitcoin nodes. (The Block)

5. President of Fidelity Digital Assets: May support Ethereum in the next year

Tom Jessop, president of Fidelity Digital Assets, said that they have done a lot of work on Ethereum and, at the request of customers, intend to support Ethereum in the next year. (AMBC crypto)

6. Coin Metrics data engineer: After the upgrade of Ethereum Istanbul, the gas demand for smart contract calls is in short supply

Coin Metrics data engineer Antoine Le Calvez noted in a series of tweets that the Ethereum Istanbul upgrade had negative consequences: “While technically successful, the recent Ethereum Istanbul upgrade was not without its negative consequences. Some EVM operations were repriced , which is more expensive, which impacts some smart contract activity.”