ETH Weekly | ETH 2.0 will reduce Ethereum inflation, scarcity or super gold; Deribit Ethereum options open positions hit a record high (5.25-5.31)

秦晓峰

Odaily资深作者

@QinXiaofeng888

2020-06-01 08:32 (UTC+8)

This article is about 4077 words, reading the full article takes about 6 minutes

The support is at $210-225, and the resistance is at $250 and $280.

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The support is at $210-225, and the resistance is at $250 and $280.

Author | Qin Xiaofeng

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1. Overall overview

Second, the secondary market

1. Spot market

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(ETH daily chart, picture from OKEx)

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(data from BiNuNiu)

In terms of capital, capital fluctuated greatly last week, with the largest net inflow on Saturday, exceeding US$180 million; and the largest net outflow on Tuesday, close to US$50 million.

(data from Tokenview)

Tokenview dataTokenview data

It shows that the number of transfers on the chain rose slightly last week, the number of large-value transfers of "above 5,000 ETH" and "above 10,000 ETH" increased by 17% and 4% month-on-month, respectively, and the number of transfers of "above 50,000 ETH" increased by 50% month-on-month;

In the short term, the frequency of giant whale transactions began to rise. Combined with the inflow of funds, investors are optimistic and still choose to hoard coins to be bullish.（0x***ee0）3. Ecology and technology

3. Ecology and technology

1. Development and technology

(1) Ethereum 2.0 multi-client test network Witti goes online

On May 27, Ethereum core developer Afri Schoedon tweeted that the Ethereum 2.0 multi-client test network Witti has been launched. Witti is a public multi-client testnet whose goal is to be able to support ETH 2.0 clients. The testnet was previously known as "Schlesi" and was recreated as "Witti" due to issues. (Twitter)

(2) Compound announced that it will start distributing the governance token COMP in mid-June

Decentralized lending protocol Compound has announced that its users will begin earning COMP tokens in mid-June, pending a public review of the distribution plan. Compound founder Robert Leshner stated that Compound governance is ready to expand from the core team and shareholders to the entire ecosystem. Any community member can propose changes to the Compound protocol. Changes may include adding new assets, changing the model used to set interest rates on a given asset, or removing assets. Proposed governance changes will only be voted on if 1% of COMP tokens indicate that a vote should be made. The entire process from voting to modifying the code takes several days. All of these measures were allegedly recently attempted in a closed test of the governance platform. (CoinDesk)

(3) Maker's DEX Oasis Trade launched the on-chain native leverage function "Multiply"

Oasis Trade, a decentralized trading platform under Maker, launched the native leverage function "Multiply" on the chain, and the integrated lending vault supports up to twice as long ETH leverage. Note: Oasis Trade is the first DEX on Ethereum, complete on-chain matching and settlement, without any handling fees. (Weibo)

Matic Network, an Ethereum sidechain expansion solution, announced a partnership with Infosys, an Indian technology giant listed on the New York Stock Exchange. At the beginning of the cooperation, this multinational IT company with a market value of US$40 billion will become a verification node on the Matic mainnet. As a DApp partner verifier, Infosys will provide important infrastructure for verifying transactions on Matic and help maintain its digital applications ecosystem stability.

also,Magicalso,

Announced the completion of a $4 million seed round of financing, led by Placeholder, with participation from Lightspeed Ventures, SV Angel, Social Capital, and AngelList founder Naval Ravikant. (The Block)

2key, the second layer protocol of Ethereum, announced its cooperation with the open source public chain platform Qtum, and Qtum has become its PPC SmartLinks release partner. [Original link]

2. Voice of the Community

Opinion: ETH 2.0 will reduce Ethereum's inflation rate, its scarcity or surpass gold

Saunders expects everyone to use ETH as collateral as the protocol changes. He expects Ethereum’s S2F ratio to reach 57.2 by 2021 and closer to 58.5 by 2022. Gold's current S2F ratio is about 60, which means that Ethereum will likely become a more difficult asset to sell. With the implementation of PoS, the inflation rate of Ethereum is expected to drop by 2%. The drop is close to Bitcoin’s 1.8 percent inflation rate after three halvings. The inflation rate of Ethereum will reach 2.5%, which is even lower than the inflation rate of precious metals such as gold. (AMBCrypto)

3.DEX

according toDAppTotal.com DEXaccording to

according to

4.Dapp

according toDappreview dataDappreview data

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(data from etherchain.org)

etherchain.org(Mining difficulty changes)

(Mining difficulty changes)

4. News

1. Data: The top 10,000 addresses in Ethereum own 56.7% of ETH

Metacartel Ventures partner Adam Cochran recently tweeted the results of his research involving a human audit of the top 10,000 Ethereum addresses. The top 10,000 addresses own 91.7 million ETH, the top 1,000 addresses own about 70.7 million ETH, and the top 100 addresses own 37.8 million ETH. The top 10 addresses hold 16.6 million ETH (about 17% of the total supply). If the number of tokens held by the smart contract is removed, the top 10,000 addresses have 57.2 million ETH (about 56.7% of the total supply), the top 1,000 addresses have 42.5 million ETH, and the top 100 addresses have 26.4 million ETH.

The results show that Bitcoin and Ethereum are widely distributed and truly decentralized in a way that other cryptoassets cannot. For example, the top 10,000 holders of Bitcoin control 57.44% of the supply; the top 10,000 holders of Ethereum control 56.7% of the supply. In comparison, the top 16 holders of XRP control 55.2% of the supply, the top 1100 holders of BCH control 56.8% of the supply, the top 300 holders of LTC control 54.3% of the supply, and the top 1031 of TRX One holder controls 51.1% of the supply. (Cryptoticker)

2. Data: The active supply of ETH hit a new high in 3 months

Glassnode data shows that the active supply of ETH has reached 20653710.315, a new high in three months. This active supply metric includes cryptocurrencies moved by retail and institutional holders. In addition, Glassnode data also shows that other fundamental factors of Ethereum have improved recently, including the surge of new ETH addresses, reaching a three-month high of 4470.875. In addition, the average block interval on the ETH chain has been shortened by 5.1%, reaching 9.292. (U. Today)

3. Data: The number of non-zero addresses in Ethereum has reached 40 million

On May 25, GlassNode data showed that the total number of Ethereum addresses with a balance greater than zero had jumped to 40 million. The data shows that the number of non-zero addresses has grown by more than 350% since the price of ETH reached its all-time high. (CryptoPotato)

4. Data: Deribit Ethereum options open interest hits record high

Skew data shows that on May 28, the open interest in Ethereum options on the cryptocurrency derivatives exchange Deribit has increased steadily since early April, reaching a record high of $94 million.

5. Research: Ethereum is far less private than Bitcoin

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