ETH Weekly | V God and other developers are arguing over the Eth 2.0 phase zero launch date; BAT became the most used token in DeFi in the second quarter (7.6-7.12)

Author | Qin Xiaofeng

Author | Qin Xiaofeng

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1. Overall overview

1. Overall overview

On July 10, Ethereum 2.0 researcher Justin Drake said that Ethereum 2.0 phase zero may not start until early 2021, "I am now inclined to say that the earliest feasible date for the initial phase is probably January 3, 2021 ( Bitcoin’s 12th Anniversary)”

In this regard, V god said that he personally strongly disagrees. Vitalik pointed out that it took 4 months for Eth1 to go from the first multi-client testnet to its release, and this calculation of four months has already started since the release of Altona in early July. Eth2 Phase 0 is simpler in some ways than Eth1 and more complex in others, but overall, he sees no reason why Eth2 Phase 0’s release cycle would take longer than Eth1’s.

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, capital fluctuations were small last week, with the largest net inflow on Monday, exceeding US$84 million; and the largest net outflow on Tuesday, exceeding US$25 million.

(data from Tokenview)     

(data from Tokenview)

Tokenview dataTokenview data

It shows that the number of transfers on the chain increased sharply last week, and the number of large-value transfers of "above 5,000 ETH", "above 10,000 ETH" and "above 50,000 ETH" increased by 28%, 23% and 125% month-on-month respectively; giant whale accounts The frequency of transactions has risen, and the bullish sentiment is strong in the short term.Last week, there were a total of 9 transfers of "above 50,000 ETH", and the maximum transfer amount was 144,200 ETH.unknown common addressTransfer to an unknown address (Ox**F2), and another74,300 ETHThe transfer is also transferred to the unknown address (Ox**F2), and the final two transfers are remitted to, Suspected to participate in "loan mining"; there was a transfer of 80,000 ETH, which was transferred between the top 300 commonly used addresses on the rich list, and it was suspected that large households were hoarding coins; the rest of the transfers were transferred between unknown new addresses.

OKlink data3. Ecology and technology

3. Ecology and technology

1. Development and technology

1. Development and technology

(1) Etherscan.io launches BeaconScan, an ETH 2.0 beacon chain browser

On July 11, the Ethereum blockchain browser Etherscan.io announced the launch of the ETH 2.0 Beacon Chain (Beacon Chain) browser BeaconScan, which has multiple functions such as email reminders, dashboard sharing, and multi-device login. Etherscan.io stated that BeaconScan is not only a blockchain browser, but also the first independent monitoring service for ETH 2.0. It is expected that as phase 0 approaches, the browser will add more new features. (Etherscan)

(2) MakerDAO has passed a new proposal on the Oracle oracle machine, adding 4 new data sources

In order to further enhance the security of the MakerDAO protocol, Maker Governance recently discussed and passed an improvement proposal (MIP), deciding to add four "light" data sources (Light Feeds) to the existing Oracle (oracle machine), which are to Centralized liquidity protocol Kyber Network, API service provider Infura of Ethereum and IPFS, Ethereum blockchain browser Etherscan, and open source Web3 development community Gitcoin.

Note: Oracle and Feeds are bridges connecting MakerDAO and the off-chain world market, and Feeds (data source) is the provider of Oracle oracle price data. (MakerDAO)

(3) Bee, the official client of Ethereum storage infrastructure Swarm, released the first version

On July 6, Swarm, the storage and communication infrastructure of Ethereum, launched the second official implementation of SwarmBee, and the first version 0.1.0 has been released. The Bee client implements a node in Swarm, allowing operators to jointly implement a "distributed immutable storage block" (DISC). After startup, the Bee node will connect with other nodes to form a Kademlia topology network, and can also realize retrieval, push synchronization, pull synchronization, etc. (Swarm)

(4) Matic Network, the Ethereum sidechain expansion plan, lowers the time required for pledge unlocking

On July 6, Matic Network, the Ethereum sidechain expansion program, stated on Twitter that the pledge unlocking time will be reduced from 888 checkpoints (about 18-21 days) to 424 checkpoints (about 8-10 days). This means that it only takes 8-10 days for users to withdraw MATIC from the staking network. (Matic Network)

(5) Truffle, the Ethereum smart contract development tool, announced that it will integrate Filecoin

On July 8, the Ethereum smart contract development tool Truffle announced on Twitter that it has reached a cooperation with Filecoin to help developers around the world create and deploy fully decentralized applications. Through this partnership, Truffle will integrate the Filecoin network into its tool suite to help users deploy directly to Filecoin. Truffle will then add new features to Ganache so that users can easily simulate the Filecoin network during development and testing.Trustnodes The data shows that the total downloads of Truffle, the Ethereum smart contract development tool, have exceeded 3.5 million, most of which occurred in the past two years. The current average monthly downloads of the suite are about 120,000. (Truffle)

2. Voice of the Community

2. Voice of the Community

Researchers say that Eth 2.0 phase 0 will not be launched until early 2021, Vitalik disagrees

Ethereum 2.0 researcher Justin Drake said that the initial phase of Ethereum 2.0, also known as Phase 0, may not start until early 2021. He was asked in a Reddit AMA session when to start deploying Phase 0, and in answering the question, he mentioned that it would take “a public testnet with 3+ clients running smoothly for 2-3 months” and "A bug bounty program like bounty.ethereum.org runs for 2-3 months" (among other projects) before stating: "None of these are likely to happen in Q3 2020. With Thanksgiving on Nov 26th Holidays and December holidays, I would say the latest viable opportunity for the initial phase in 2020 is 4 months later in mid-November. So I am now inclined to say that the earliest feasible date for the initial phase is probably January 20213 Day (the 12th anniversary of the birth of Bitcoin).”

Hudson Jameson, community manager of the Ethereum Foundation, tweeted that he believes that Ethereum 2.0 will be launched in 2020. However, Hudson Jameson emphasized that he only participated in the development of Eth 1.0, and only reached this conclusion by observing the development of Eth 2.0 and talking with developers. (Comprehensive report by The Block & Twitter)

3.DEX

according toDAppTotal.com DEXaccording to

The data on the special page shows: 17 DEX projects based on the Ethereum network have been counted. The transaction volume on the chain in the past week totaled 206,450 ETH (approximately 49.54 million U.S. dollars), a decrease of 37.39% from the previous week; down 19%. 

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4.Dapp

according toDappreview dataimage description

5. Mining             

(data from etherchain.org)

etherchain.orgThe data shows that the average computing power has increased by 2.12% month-on-month, temporarily reporting 193.1 TH/s; the average mining difficulty has increased by 1.5% month-on-month, temporarily reporting 2420 T; the activity of miners continues to increase, and new addresses have increased by 22.5% month-on-month; the total mining revenue Basically remained stable, slightly down 0.63%.

4. News

4. News

According to the latest report from Dapp.com, Brave browser native token BAT was the most used token in DeFi in the second quarter of 2020. The transaction volume of BAT in DeFi reached 931 million US dollars, 300 million US dollars more than Ethereum. DappRadar’s director of communications, Jon Jordan, said the token’s overnight success was due to its highest compound return rate, not because of any characteristics of BAT. In June alone, over $500 million worth of BAT was borrowed through Compound, enough to make it the most traded digital asset in the DeFi space in Q2 2020.

in addition,in addition,Ethereum in users

There has been a substantial increase in both transaction volume and transaction volume, a large part of which is caused by the development of DeFi. According to the report, the active users of Ethereum-based Dapps doubled in a quarter, and the cumulative total exceeded 1 million. Additionally, the massive volume of transactions on Compound drove Ethereum DeFi transactions to over $10 billion from the beginning of April to the end of June. (CoinDesk & Decrypt comprehensive report)

2. The transaction fees of Ethereum miners accounted for nearly 17% of their total revenue in June, a record high

Based on a 30-day rolling average, ethereum miners earned nearly 17 percent of their total income from transaction fees in June, an all-time high and up from 10 percent in May, according to The Block analysis. In contrast, Bitcoin transaction fees as a share of miner revenue fell from 10% in May to just over 4% in June, likely a result of the average fee per transaction falling over the same period . (The Block)

3. Cryptograph, an Ethereum-based platform, auctions the digital artworks of V God and others

Ethereum-based platform Cryptograph is running a digital art auction on July 8, featuring exclusive artwork in popular cryptocurrencies. These artworks are called non-fungible tokens (NFTs) and will be stored on Ethereum. After the artwork is sold, a portion of the tokens will be sent to charity. It is reported that the first auctioned encrypted work is called "Quadratic Funding (Quadratic Funding)", the author is Ethereum founder Vitalik Buterin, this article is a visual formula of his vision for the new public service funding method. Additionally, Bitcoin early adopter Erik Voorhees and Ethereum researcher and developer Vlad Zamfir will also be auctioning off their creations on July 8. (Decrypt)

4. Ethereum developers tracked and found that 39 USDT-related addresses have been blacklisted

On July 9, the blacklisting of USDC addresses sparked heated discussions. In response to this, Ethereum developer Philippe Castonguay created two DuneAnalytics pages to display and track blacklisted USDT and USDC addresses respectively. The latest data on this page shows that 39 USDT-related addresses have been included in the banned list, and there is still only one USDC address that has been banned.