ETH Weekly | V God has no symptoms related to new coronary pneumonia; the Ethereum network is congested again, and the Gas daily transaction fee is close to the historical peak (3.9-3.15)
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)
(ETH daily chart, picture from OKEx)
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(data from BiNuNiu)
(data from BiNuNiu)
In terms of capital, the capital fluctuated greatly last week, and the net outflow on Thursday was close to 250 million US dollars, and there was no obvious capital inflow.
(data from Tokenview)
(data from Tokenview)
Tokenview dataIt shows that the number of transfers on the chain increased sharply last week, and the number of transfers of "above 5,000 ETH", "above 10,000 ETH" and "above 50,000 ETH" increased by 280%, 250%, and 550% month-on-month, respectively.
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3. Ecology and technology
3. Ecology and technology
1. Development and technology
(1) The update performance of Ethereum 2.0 client Lighthouse has been significantly improved
On March 14, Gitcoin, an open-source crowdfunding platform on the Ethereum blockchain, announced that its next funding round will include a public health-focused category in response to the coronavirus outbreak. Projects related to fighting the coronavirus will fall under Gitcoin's new "public health" category, which includes medical research projects and relief efforts. Gitcoin has set aside $50,000 worth of funds for this and hopes to accumulate at least $100,000. These funds will be provided to participants based on Gitcoin's donation matching system. (Crypto Briefing)
2.DEX
according toDAppTotal.com DEXaccording to
according to
3.Dapp
according toDappreview dataDappreview data
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(data from etherchain.org)
etherchain.orgThe data shows that the average computing power decreased by 5.2% month-on-month, temporarily reported as 174.6 TH/s; mining difficulty decreased by 5.5% month-on-month, temporarily reported as 2182 T; new addresses increased by 7% month-on-month, and the average daily mining income increased by 10.3% month-on-month.
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In fact, mining revenue has shown an upward trend in the past three days. The root cause is network congestion and rising transaction fees.
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(Mining daily income chart)
DAppTotal data analysts believe that due to the violent market fluctuations, the panic withdrawal demand for ETH and ERC20 tokens has increased, causing congestion on the Ethereum network, and users actively raise Gas fees to speed up transfer efficiency, which in turn makes Gas daily transaction fees steep increase. The historical peak of Gas daily transaction fee is 5,862 ETH, which was created when Fomo3D was booming.
4. News
1. V God: No symptoms related to new coronary pneumonia
2.At the Ethereum community conference ETHCC held in Paris earlier this month, at least some people were confirmed to be infected with the new coronavirus. In the physical condition information sheet of the participants circulated on the Internet, the founder of Ethereum, Vitalik, said on March 6 The physical condition is "Sick/No test report" (discomfort, no test report). On March 15, Vitalik stated on Twitter that "there are no relevant symptoms. If there is any change in the physical condition, I will report it in time."
MakerDAO to start MKR auction to pay off $4M in 'bad debt'
On March 13, MakerDAO officially announced that it will start a "debt auction" of MKR governance tokens within two days. This is also the first time in MakerDAO's history to repay "bad debts" through auctions.
Due to the sharp drop in the price of Ethereum, a large number of loans fell below the mortgage threshold, triggering a liquidation procedure, which was conducted in the form of a mortgage auction, and users could obtain the mortgaged Ethereum by bidding for DAI. However, due to the market crash this time, some liquidators A bid for 0 DAI won the ethereum collateral liquidation process auction, which also resulted in MakerDAO being indebted on $4 million in outstanding loans. MakerDAO community members said that MakerDAO had a surplus of more than $500,000 before the price drop, and it is currently more than $4 million in debt.same day,MakerDAOCommunity
An executive vote will be held to adjust the parameters. The proposed adjustments will focus on the auction parameters and guarantee that the Dai price will be pegged at $1. Some tuning parameters include:
Sai stability fee rate decreased from 9.5% to 7.5%;
Dai stability fee reduced from 8% to 4% (applicable to ETH and BAT);
The difference between the Dai deposit and loan rate drops to 0, which will set the deposit rate (DSR) at 4%;
Migration contract debt limit reduced from $30 million to $10 million;
SCD debt ceiling reduced from 30 million to 25 million;
MCD ETH debt ceiling reduced from 150 million to 110 million;
The global MCD (Global MCD) debt ceiling is set at 125 million.
On March 15th, the Interim Governance Facilitator of the Maker Foundation added a new executive vote to the voting system, as follows:
Reduced Dai’s stability fee to 0.5%;
Increase the Dai deposit and loan rate spread to 0.5%, which will make the Dai deposit rate (DSR) 0%;
Reduce the Sai debt ceiling to 20 million Sai;
Reduced governance security module delay to 4 hours.
Currently, the vote has been passed, the Sai debt ceiling has been reduced to 20 million Sai, and the other three changes will be deployed at 7:15pm GMT on March 16th.
3.In addition, since the DeFi oracles (Oracles) that send price information to traders cannot follow up in time, Oracles cannot provide traders with precisely processed data, resulting in them being unable to execute without paying inflated transaction fees trade. In fact, MakerDAO’s protocol has suffered a lot due to the oracle’s pricing conundrum. Despite these concerns, MakerDAO has previously announced that there will be no emergency shutdown. (Comprehensive report by The Block, MakerDAO, AMBCrypto)
The "656 ETH" high transaction fee was caused by Coinone staff's misoperation
4. Two Italian high schools will issue digital diplomas via blockchain
