Block Weekly: The total market value of DeFi has risen by 700% in 2 months; who can better capture value in Ethereum DeFi?

On July 9, according to Yahoo Finance citing a Reuters report, sources said that the virtual currency platform Coinbase has begun preparations for stock listing, and the listing may be completed as early as this year, and it is expected to become the first mainstream U.S. encryption exchange listed. It is reported that in the latest round of financing in 2018, Coinbase was valued at more than $8 billion.

2. Over 100 million yuan was involved in the case! The police revealed how the country's first "digital currency arbitrage case" was solved

On July 9, the Cyber ​​Security Bureau of the Ministry of Public Security released a criminal case of "Telegram digital currency brick arbitrage", which has attracted widespread attention in the industry. In the case, the criminal suspect stated in the fake exchange’s official Telegram group that he could exchange ETH for the platform currency at a ratio of “1:60”, inducing the victim to transfer his ETH to the criminal suspect’s account, and then to the victim People transfer fake platform currency, thus committing crimes. The police in Ouhai District, Wenzhou City (hereinafter referred to as "Ouhai Police"), after careful investigation and sufficient criminal evidence, arrested 10 suspects and seized more than 20,000 digital currencies such as ETH, BTC, and USDT More than 30 mobile phones and computers, 3 luxury cars, and 3 real estate properties were seized on the spot, with a total value of more than 13 million yuan. This case is the first criminal case of "Telegram digital currency brick arbitrage" in the country, and it is also the largest criminal case investigated and dealt with by the Ouhai police.

3. Aave will launch a liquidity mining and token staking reward program, and will launch a new token, AAVE, to replace Lend

On July 10, Lianwen News, the decentralized lending platform Aave confirmed to Lianwen that it will launch a liquidity mining and token pledge reward program. Jordan Lazaro Gustave revealed that the platform will launch a new token AAVE, which will replace the currently issued token Lend through token swaps. The economic model designed for the new token AAVE will include mechanisms for liquidity rewards and token pledge rewards.

4. Japan's Kyodo News Agency said that the G20 intends to give the green light to digital currency transactions and will discuss regulatory measures

On July 11, Japan's Kyodo News reported that the Group of Twenty (G20) has initiated coordination in the direction of de facto allowing the settlement tool "digital currency" to replace cash. According to reports, the G20 finance ministers and central bank governors will hold regular meetings online on the 18th to confirm future discussions on major issues such as digital currencies.

5. Filecoin technical director: At the request of miners, the testnet incentive plan may be postponed for 1-2 weeks

On July 11th, Lianwen News, WHY, the official technical director of Filecoin, said in a community statement, "Some miners have requested more time before the testnet rewards go online. In terms of technology, we can definitely use the extra time to test the code and Make sure there aren't any glaring issues in the code. We've been pushing for the July 20th date and might still be able to do it, but I'm thinking maybe a week (maybe two?) and running another devnet would be best There is about a three-week window between the end of the rewards test and the mainnet launch.”

6. Vitalik Buterin: It is more likely that Phase 0 of Ethereum 2.0 will be launched within four months

On July 11, The Block reported that in response to "Ethereum researcher Justin Drake said that Ethereum 2.0 phase 0 may be launched in early 2021", Ethereum co-founder Vitalik Buterin responded, "I personally strongly disagree with this. Compared with Ethereum 1.0, Ethereum 2.0 has a more complex proof-of-stake (PoS) mechanism, which also needs some optimization, but it does not have complex GPU-oriented proof-of-work (PoW) and complex virtual machines (VMs). I tend to think that Ethereum 2.0 Phase 0 is a bit simpler on the network, and that Ethereum 2.0 won't depend on it until Phase 1, so there's less real risk of error. Overall, there's no reason to think that Ethereum 2.0 Phase 0 release cycle will be longer than Ethereum 1.0.”

7. The total market value of DeFi tokens exceeds $8.1 billion

On July 12, according to DeFimarketcap data, the total market value of the top 100 DeFi tokens has exceeded $8 billion.

8. Crypto exchange Cashaa has stolen more than 336 BTCs and has suspended all transactions

On July 12, according to Cointelegraph, the British cryptocurrency exchange Cashaa stated that hackers stole more than 336 bitcoins from one of its wallets. Currently the exchange has halted all crypto-related transactions.

In today’s DeFi ecosystem, we think automated market makers (AMMs) and lending protocols will converge over time. In a brutal competition, the winner may be short-lived, so we tend to avoid tokens with unbalanced supply and demand and slightly overvalued tokens such as COMP, BAL, and CRV (not yet issued), and prefer to invest in tokens that have improved Tokens that lead to Catalyst pushes like LEND, BNT and REN.

2. The total market value of DeFi has risen by 700% in 2 months, but many people still say that they can’t see it, look down on it, can’t understand it, and can’t keep up (click on the picture to go directly)

According to statistics from DeFi Market Cap, the current total market value of DeFi projects has exceeded 7.4 billion US dollars, while two months ago, the total market value was less than 1 billion US dollars. In other words, in just over two months, the total market value of DeFi projects has soared by more than 700%. In addition, the locked funds on DeFi projects have also shown explosive growth, and have exceeded 2.08 billion US dollars so far.

3. Current status of the Ethereum Layer-2 solution (click on the picture to go directly)

The increase in usage of the Ethereum network, coupled with a 10-fold increase in transaction fees, has led multiple teams to officially launch projects they have been working on for a long time. We've seen - many projects launched over the past few months, all vying for the community's attention and acceptance. This article makes a chart of all these Layer-2 projects, and prepares to see whether these projects (so far) are successful or not from an investment perspective.

4. The DeFi protocol is a global public good, and Ethereum is the protocol basin (click on the picture to go directly)

Global public goods are "antifragile": the more people use them, the better and stronger they become. DeFi is a global public good, and Ethereum provides protection for public goods and is a protocol of protocols. In the field of monetary finance, Ethereum is a platform for Global Public Goods.

1. Insights into the data of the encryption market in June: ETH miners’ income has soared, and the transaction volume on the chain is close to that of Bitcoin (click the picture to go directly)

This article analyzes various macro data of the encryption market in June in the form of icons. Main content: In June, many indicators, such as on-chain trading volume, spot and derivatives trading volume, and website traffic, all reached low points. The total stablecoin supply has grown by more than 100% since February. More than 15% of the income of Ethereum miners comes from handling fees, which is much higher than Bitcoin's 4%.

2. Understand the necessity of the existence of digital assets from inflation (click on the picture to go directly)

In the more than 10 years since Bitcoin came out, with the completion of the third "halving", the term inflation has appeared frequently in the digital asset community. Rather, the absence of inflation is seen as a guarantee of stability. It's an interesting point, but it's also mostly true. This article explains the concept of inflation and describes the relationship between inflation and digital assets.

3. Is it reliable for Bitcoin HODLer to rely on DeFi to earn "passive income"? (Direct recognition of QR code pictures)

In the words of Andreas Antonopoulos, a "veteran" in the encryption industry, Bitcoin HODLers can earn "passive income" on decentralized finance (DeFi) platforms, and this trick is great. Although it is a bit risky, it can be done . This article tells you how to use DeFi to earn "passive income", and what risks should you pay attention to?

4. Weekly data report on the chain: Active data has rebounded slightly, and domestic large firms are encountering strong gold absorption by two foreign firms? (Click on the picture to go directly)

The Beijing ChainsMap chain data monitoring system monitored and analyzed various types of chain data last week. Judging from the data of the past week (07.06-07.12), the on-chain data dropped slightly from the transaction volume, but most other active data rebounded slightly, while the on-chain transaction volume of the two major exchanges, Binance and Huobi, both increased significantly , and the overall inflow increased even more, and the net inflow of Huobi took the lead in turning positive.