ETH Weekly | The top 100 richest people in Ethereum have started hoarding coins again; V God predicts that ETH2.0 phase 0 will start this summer, and PoS will eventually become a reality (3.2-3.8)

Author | Qin Xiaofeng

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Produced | Odaily

1. Overall overview

1. Overall overview

Second, the secondary market

Second, the secondary market

1. Spot market

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(ETH daily chart, picture from OKEx)

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2. Fund flow             

(data from BiNuNiu)

(data from BiNuNiu)

(data from Tokenview)

3. Large transaction       

(data from Tokenview)

Tokenview dataIt shows that the number of transfers on the chain dropped sharply last week, and the number of transfers of "above 5,000 ETH", "above 10,000 ETH" and "above 50,000 ETH" decreased by 18%, 8%, and 33% month-on-month, respectively.

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(more than 50,000 ETH transfers)Gemini 3. Ecology and technology

3. Ecology and technology

1. Development and technology

1. Development and technology

On March 6, Co-Founder of EthereumV GodV God

In an interview with the Block TV podcast, he said that the Ethereum 2.0 phase 0 will be launched this summer, and the Proof of Stake (PoS) will finally become a reality. V God said that he expects ZK-rollups and Loopring to make great progress in improving the efficiency of their proofs. "I expect these two technologies to have a huge impact in the next year or so."

Many see ZK-Rollups as one of the privacy and scalability solutions for the new Ethereum 2.0 chain. In fact, Ethereum 2.0 researcher Danny Ryan recently explained that ZK-Rollups are much simpler than previous structures and remove some core hurdles.ETHLondonUKOn March 7, God V spoke again. exist

At the meeting, Vitalik discussed the development prospects of Ethereum in 2020. He said that Ethereum will deploy sharding technology as early as this year, which will expand the size of the Ethereum network by "100 times or even hundreds of times." Additionally, Ethereum's ecosystem will "increase privacy" over the next year. (AMBCrypto, Decrypt comprehensive report)

(2) The ETH core developer meeting discusses the ProgPow vulnerability

On March 6, the ethereum core developers conference call lasted about three hours, two hours of which were devoted entirely to ProgPow. Discussions initially centered on the technical feasibility of ProgPow, citing vulnerabilities outlined by independent auditors and researchers. Despite the loopholes in ProgPow, the core developers stated that under the existing framework, the EIP cannot be revoked, but it can be "replaced" by other proposals. Moderator Hudson Jameson proposed a solution whereby ProgPow would be fixed and moved to a new EIP under the name "Ethash 2.0". Not all developers are entirely on board, and it's unclear if this will be implemented at a later date.

Some developers believe that the objections to ProgPow are enough to justify rejecting the proposal entirely. However, it looks like other members of the team want to continue this work, albeit under a different name. Ethereum founder Vitalik Buterin also participated in the call but did not speak during the ProgPow discussion. (Cointelegraph)

(3) ETH 2.0 developers synchronize the Prysm node with the ETHDenver testnet Lighthouse node

Nishant Das, a programmer for the Prysmatic Labs ethereum 2.0 client, said that eventually a connection was established with some Lighthouse nodes and a block was received from one Lighthouse node. He has been working for several months to enable this node to "talk" to Lighthouse, another eth2.0 client. As another Prysm programmer, Terence Tsao, described, a Prysm node syncs with a Lighthouse node on the ETHDenver testnet, and the developers have now achieved “one more step toward a multi-client testnet.” This particular Lighthouse testnet is the ETHDenver testnet, more for coders to crack. (Trustnodes)

(4) ConsenSys and Ernst & Young collaborated to create the Baseline Protocol

ConsenSys and Ernst & Young announced a new project, the Baseline Protocol, joined by 12 other companies and organizations, including Microsoft, AMD, ChainLink, and MakerDAO. The new protocol will allow businesses to access DeFi services built on the Ethereum blockchain without disclosing all their private information. (The Block)

On March 6, Gojoy announced its migration to the Ethereum blockchain, the first phase of a multi-phase upgrade that also included software updates to enhance security and transparency for its community. It is reported that Gojoy is a sales acceleration network that enables retailers to move goods quickly and profit from them through TikTok, Kwai and other short video platforms. (Globe Newswire)

2.DEX

according toDAppTotal.com DEXaccording to

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3.Dapp

according toDappreview dataDappreview data

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(data from etherchain.org)

etherchain.orgThe data shows that the average computing power increased by 1.26% month-on-month, temporarily reported as 184.2 TH/s; mining difficulty increased by 0.39% month-on-month, temporarily reported as 2310 T; other data did not change significantly compared with the previous week.

(Mining difficulty changes)

4. News

4. News

1. Data: The top 100 of the Ethereum rich list started hoarding coins again

Since the start of the year, the top 100 ethereum holders have once again started accumulating a higher percentage of the total token supply, according to research from crypto information site Santiment. They had a lot of accumulation in late October last year, only to see a lot of selling in late December. These whales are buying again after a downturn, and continued accumulation is also seen as a positive indicator.

The data is generally a bullish indicator for Ethereum, with the collective sentiment appearing to be improving. However, the consequences of this accumulation period are still open to debate. For example, Ethereum surged in January, but the circulating supply of the top 100 wallets is much lower than it was in December. Therefore, the direct relationship between the top 100 Ethereum wallets and future prices is unclear. (Beincrypto)

2. The circulation of Ethereum officially exceeded 110 million

According to data from Etherscan.io, as of March 8, the circulation of Ethereum officially exceeded 110 million. Among them, the creation block (72 million public offerings), mining rewards (35 million), and uncle block rewards (2.6 million).

3. Report: YTD Compound debt issuance and debt outstanding up 44% and 76% respectively

Compound, the DeFi lending protocol, continues to show strong momentum. Compound daily borrowers are up 148% year-to-date, with early and mid-February being particularly active, with 123 unique borrowers on Feb. 12, while debt issuance and debt outstanding are up 44% and 76%, respectively. From the data point of view, DAI and USDC are still the most sought-after assets, accounting for 54% and 43% of outstanding debt respectively, and the demand may come from long cryptocurrencies such as ETH. (The Block)

4. Weiss Ratings and Morgan Creek affirm the value of ETHWeiss Ratings

Tweeted affirming the value of ETH: "We see people calling ETH a 'fiat currency' while praising governments for their efforts to launch their own 'digital currencies' as if it were related to cryptocurrencies. Right now, Ethereum is driving the industry forward Major project for development. Whether you want to build or trade, it’s hard to leave ETH.”Anthony PomplianoIn addition, the founder of Morgan Creek Digital

He also stated that there is no difference between Ethereum and legal tender. Pompliano said: "ETH is no different from fiat currency. One, there is no fixed supply; The news is that every change in supply plan so far has reduced the new issuance rate, but the bad news is that the option to increase the new issuance rate is always there. This is similar to our current fiat currency policy, and policymakers can decide The state of production of new coins entering the system makes decisions about increases or decreases.” (ZyCrypto)

5. Founder of ConsenSys: The prospect of DeFi should not be underestimated, and a decentralized global economy will be formed in the future