ETH Weekly | The encryption community is arguing over the exact supply of Ethereum; miners' income has repeatedly hit new highs and become the biggest winner (8.10-8.16)

Author | Qin Xiaofeng

Author | Qin Xiaofeng

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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 dataTokenview data

Last week, there were a total of 7 transfers of "more than 50,000 ETH", and the maximum transfer amount was 308,000 ETH, which was a transfer between Binance's internal wallet addresses; in addition, Binance's internal wallet also transferred 150,000 ETH; another The 55,000 ETH transfer is a transfer between Gemini Exchange wallet addresses.

OKlink data3. Ecology and technology

3. Ecology and technology

1. Development and technology

（1）1. Development and technology

Ethereum client OpenEthereum is about to launch a new version that supports the Berlin hard fork

On August 14, the Ethereum client OpenEthereum officially tweeted that it is getting closer to the Berlin hard fork. The next version of OpenEthereum will be based on the 2.5.13 stable version, which will fix all bugs including versions after 2.7 and 3.0, and add hard fork support. Note: OpenEthereum was formerly known as the Ethereum client Parity.

(2) Medalla has been launched for nearly a week, and more than 1 million GöETH have participated in the pledgeTerence TsaoOn August 4, the Ethereum developer community officially released the Medalla testnet of ETH 2.0 phase 0. Developer at Prysmatic Labs

Today tweeted that as of now, more than 1 million GöETH (simulated ETH for the Goerli testnet) have participated in the pledge, and more than 26,000 active verification nodes are running well.Preston VanloonOn August 15th, the co-founder of Prysmatic Labs, the execution team of Ethereum 2.0 client

It said that there was a clock bug on Medalla, which affected all nodes. The Prysm node had a clock skew of nearly 90 minutes, and the validators also received advanced Slot blocks and proofs one after another. In addition, after the incident, the ratio of the number of validators actively voting to the total number of validators in the Medalla test network dropped from around 75% to below 5%. A few hours later, the developers completed their investigation and issued a fix. After this, though, developer Nishant noticed a serious flaw in the PR 6898 fix. Still under investigation.

(3) GasSaver, an aggregation tool for developers to save Gas fees for open source Ethereum

On August 10, developer Emiliano Bonassi released GasSaver, a smart contract suite that saves Gas for Ethereum transactions. By accessing GasSaver, developers can call Chi or GasToken2 tokens developed by 1inch, and then part of the Gas in the transaction can be paid with these two tokens, saving the overall Gas consumption.

On August 14, a new feature called "Protected Transactions" is being released. The system allows users to view Ethereum addresses to determine if they are known scam addresses. (Decrypt)

2. Voice of the Community

2. Voice of the Community

(1) Vitalik warned the Ponzi scheme Forsage not to pollute the ecology of Ethereum

ForsageOn August 11, V God retweeted "Forsage accuses the Philippine central bank of boycotting it" and said that they confronted you because you are a liar. This kind of project relies on more and more people coming in every day to pay the previous participants. Once there are no new participants, most users will lose everything they put in. Look at Bitconnect, Onecoin, etc. Please leave and don't pollute the Ethereum ecology in the future.

Rebutting V God said: "You are whitewashing yourself! The large-scale emergence of projects has brought about the prosperity of Ethereum. A large part of the large-scale rise of Ethereum in 2017 was due to various "projects", including plate projects. It is the project They have brought traffic to Ethereum, transaction fees: people will know Ethereum, use Ethereum, and consume Ethereum. The same is true for Bitcoin. There are no various projects and plates. How did it soar in 2017? ?”

In July, the Philippine Securities and Exchange Commission (SEC) said Forsage lacked the necessary licenses to operate. Therefore, they are not allowed to invest or issue investment contracts and other forms of securities from the public.

Ethereum developer eric.eth tweeted that he has decided to temporarily (and possibly permanently) leave the Twitter platform. eric.eth said: "In the bear market, I brought everyone together through Twitter. I think these people who stay are crucial to the future of Ethereum. But I don't like the "influence" that comes with it , this is not something I would like to have in a frenetic, hyped bull market. Some people will come to me for advice, especially investment advice, which I am not interested in. I will continue to be active in the Telegram group and Discord, you can Find me there. Finally, don't forget to sell at the top.

3. Borrowing

Defipulseimage description

(Lock value on the DeFi chain)

(Lock value on the DeFi chain)

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4.Dapp

according toDappreview dataDappreview data

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(data from etherchain.org)

etherchain.orgThe data shows that the average computing power has increased by about 12% month-on-month, temporarily reporting 209.1 TH/s; the average mining difficulty has increased by 4% month-on-month, temporarily reporting 2679 T; newly added addresses have decreased by 13% month-on-month; due to the hot DeFi mining, network Gas costs The total mining revenue increased by 40%.

4. News

4. News

1. Ethereum futures open interest exceeds $1.5 billion for the first time

According to Skew data, as the price of Ethereum rose, on August 15, the open interest in the Ethereum futures market hit a new high, breaking through $1.5 billion for the first time. Interest in the Ethereum futures market was strong this Thursday, with daily volume closing at $9 billion. In addition, interest in the options market has also surged, reaching an all-time high of $453 million. However, despite the bullishness of Ethereum in the spot market, the situation may turn bearish. Skew data shows that the put/call ratio has reached above 0.7, which is usually a bearish signal. (AMBCrypto)

2. The total amount of MakerDao stablecoin Dai exceeds 400 million pieces

On August 10, Dai Stats data showed that the total amount of MakerDao stablecoin Dai exceeded 400 million. Among them, 87.86% of Dai is generated by mortgaging ETH, 13.55% of Dai is generated by mortgaging USDC, and 10.85% of Dai is generated by mortgaging WBTC. Currently, more than 2.53 million Ethereum and 7,234 Bitcoin (WBTC) are locked in MakerDAO.

3. The crypto community debates the exact supply of Ethereum

The question of the exact supply of ethereum has sparked discussions on Twitter over the past few days, and there still seems to be no consensus. MakerDAO developer Marc André Dumas initially calculated the ethereum supply at 112.43 million, correcting the figure to 112.093 million after reporting an error in the script. Pierre Rochard then questioned the figure. In this regard, Ethereum co-founder Vitalik Buterin said that this number is known, and Pierre Rochard asked the ETH community to provide the exact number and its calculation proof.

Bitcoin security expert Andreas Antonopoulos said that "ETH supply" is a stupid trap. If you understand how Ethereum works, it doesn't make much sense, because it is difficult to give a specific answer to "what is ETH supply".

Anthony Pompliano, co-founder of Morgan Creek Digital, said that the Ethereum community's inability to figure out the total supply of the asset is a major problem because "provable scarcity" is very important. (CryptoNews)

4. Tokenview: Ethereum service fee, mining revenue, single block service fee and other indicators hit new highs in the short term

According to the Tokenview block explorer data, on August 12, the Ethereum mining revenue was 0.0454/day/MHash/s, the average daily single transaction fee was $4.28, and the average single block fee was 2.185ETH. Both hit the highest value in the past 60 days.

According to data from OKLink, on August 13, the fee income of Ethereum miners exceeded the block reward for the first time. The average income of each block of Ethereum is about 5 ETH, of which the system block reward is 2 ETH, and the remaining 3 ETH is fee income.

5. Data: In July, the income of Ethereum miners was 143.8 million US dollars, a new high in nearly two years

6.According to The Block Research data, the revenue of Ethereum miners in July was 143.8 million US dollars, a new high in 23 months, and transaction fees accounted for nearly 23% of the revenue of Ethereum miners that month. In May, transaction fees accounted for only 10% of Ethereum miner revenue. In addition, Bitcoin miners earned a total of $299 million in July, almost double that of Ethereum miners. The proportion of bitcoin transaction fees rose slightly to 8% in July, compared with more than 4% in June.point

Analyst: Ethereum is in the early stages of a bull market and may soar after the next correction