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ETH Weekly Report | In August, the transaction fee on the chain has exceeded 90 million US dollars; Aave’s mortgage volume has skyrocketed to 1.7 billion US dollars, ranking first (8.24-8.30)

秦晓峰
Odaily资深作者
@QinXiaofeng888
This article is about 3428 words, reading the full article takes about 5 minutes
Ethereum’s correlation with Bitcoin is growing again.
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Ethereum’s correlation with Bitcoin is growing again.

Author | Qin Xiaofeng

Author | Qin Xiaofeng

secondary title

1. Overall overview

1. Overall overview

Second, the secondary market

Second, the secondary market

1. Spot market

image description

(ETH daily chart, picture from OKEx)

(ETH daily chart, picture from OKEx)

image description

(data from BiNuNiu)

(data from BiNuNiu)

In terms of capital, capital fluctuated greatly last week: the largest net outflow of funds on Tuesday was 48 million U.S. dollars; the largest net inflow of funds on Friday and Sunday exceeded 50 million U.S. dollars.

(data from Tokenview)            

(data from Tokenview)

Tokenview dataTokenview data

Last week, there were 5 transfers of "above 50,000 ETH", the largest transfer amount was 176,000 ETH, which was transferred between unknown and unused addresses, and has not yet been split; there was another transfer of 50,000 ETH, which belonged to the Bitfinex exchange Internal address transfers; other transfers are unknown.

OKlink data3. Ecology and technology

3. Ecology and technology

1. Development and technology

1. Development and technology

(1) OpenEthereum: The 2.5.13 stable version is expected to be launched in the second week of September

On August 24, OpenEthereum officially tweeted that Ethereum developer claveros announced on Github that after months of trying to catch bugs that affect OpenEthereum disk and memory usage, Parity officials have reached an agreement with OpenEthereum that it is necessary to Transition node to 2.5.13 stable release. At the same time, OpenEthereum officially stated that the 2.5.13 stable version is expected to be launched around the second week of September, and the official is evaluating the option to automatically convert the 3.0x database to the 2.5 database format without resynchronization. On August 14th, OpenEthereum officially revealed that this version will fix all bugs including versions after 2.7 and 3.0, and add Berlin hard fork support. (Note: OpenEthereum was formerly known as the Ethereum client Parity.) [Original link]

(2) OpenEthereum official: version v.2.5 has been launched, and the affected nodes have not been offline before

On August 28, in response to previous media reports that "the upgrade of OpenEthereum 2.7.2 version caused about 12% of the Ethereum nodes to be basically unavailable", OpenEthereum officially tweeted that: OpenEthereum client inheritance update has stability problems, and it will be released in September. repair. Nevertheless, OpenEthereum v.2.5 release is ready and running stably. It should be noted that 13% (and the previously reported 12% may have data errors) Ethereum nodes are neither useless nor offline. Earlier on August 25, media reports said that an update bug in OpenEthereum rendered 12% of nodes running on the new version essentially useless.

(3) Ethereum client Geth has launched v1.9.20 version

On August 25, Ethereum core developer Péter Szilágyi tweeted that the Ethereum client Geth has launched version v1.9.20. It is reported that this version has fixed some bugs and enhanced security. In addition, the official reminded that after upgrading to v1.9.20, it is not possible to revert to Geth v1.9.19 or earlier versions, unless it is resynchronized, because the layout of the blockchain database has changed, so it cannot be restored.

On August 25, MaticNetwork, the Ethereum sidechain expansion solution, announced that it will integrate Razor oracle services. Developers on Matic can seamlessly access real-world data, including the decentralization of applications such as DeFi, lending, stablecoins, and identity recognition. data.

2. Voice of the Community

2. Voice of the Community

On August 27, Ethhub.io co-founder Anthony Sassano said that the Ethereum improvement proposal EIP-1559 will be launched in the next 6-12 months. He is optimistic about implementing the proposal on Ethereum. But he noted that in order to maintain the projected timeline, it was necessary to "unify the community and make it a standalone ethereum network upgrade" rather than bundling it with other EIPs. EIP-1559 is currently one of the most anticipated improvement proposals in the Ethereum community, with Sassano calling it "probably the biggest and most complex change since Ethereum went live." (Cryptonews)

3. Borrowing

Defipulseimage description

(Lock value on the DeFi chain)

Specifically, ETH mortgages increased from 4.714 million to 4.963 million last week, an increase of 5.2%; BTC mortgages increased from 47,683 to 53,940, an increase of 13.1%.

From the perspective of a single project, the top three lock-up values ​​are:

  • From the perspective of a single project, the top three lock-up values ​​are:

  • Aave: US$1.71 billion, up 28% quarter-on-quarter;

  • Maker: $1.44 billion, up 0.6% month-on-month

And, Aave also topped the list for the first time. One of the reasons for the skyrocketing mortgage volume of Aave is that YFI was launched on August 28, supporting YFI as a mortgage asset.

4.Dapp

according toaccording toimage description

5. Mining

(data from etherchain.org)

etherchain.org(data from etherchain.org)

OKLink data shows that the average Ethereum gas fee has dropped by more than 70% compared to two weeks ago. As of now, the average Ethereum gas fee is 62 Gwei. In contrast, the average Ethereum gas fee was 263 Gwei two weeks ago .

4. News

4. News

1. OKLink: From August to now, the transaction fee on the Ethereum chain has exceeded 90 million US dollars

According to data from OKLink, since August 1, the transaction fee on the Ethereum chain has reached 225,500 ETH, which is about 90,534,600 US dollars, and the transaction fee of the entire Bitcoin network during the same period is about 34,106,500 US dollars. Among them, on August 13, the daily transaction fee on the Ethereum chain reached 20261.4 ETH, which is about 7.8513 million US dollars.

In addition, from August to now, the Ethereum single-day on-chain fee is lower than the Bitcoin on-chain fee only on August 6, and the rest of the days are higher than the Bitcoin on-chain fee.

2. Data: The three-month volatility gap between ETH and BTC has risen to a six-month high

Investors expect ethereum (ETH) to outpace bitcoin (BTC) in volatility as decentralized finance (DeFi) booms, with a key measure of risk hitting a six-month high. According to data from Skew, the three-month volatility difference between ETH and BTC has risen to 29%, the highest level since February 23. The metric tracks the difference in implied volatility of at-the-money options on the two cryptocurrencies. The surge in this volatility differential suggests that investors expect ETH to be more volatile than Bitcoin over the next quarter. (CoinDesk)

3. Data: Ethereum-Bitcoin correlation grows again

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