ETH Weekly | Eth2.0 deposits meet the requirements, the genesis block will start as scheduled, and peripheral services will be launched one after another (11.23-11.29)
Author | Qin Xiaofeng
Produced | Odaily
Produced | Odaily

1. Overall overview
1. Overall overview
On November 24, the Ethereum 2.0 deposit contract address has received 524288ETH, meeting the minimum requirements for starting the Ethereum 2.0 genesis block. Click on the official start. As of 24:00 on November 29, the total amount of ETH in the deposit contract reached 836,384 ETH.
On November 26, the DAI price of Coinbase Pro, the oracle data source, fluctuated violently, and a liquidation data as high as $87,837,568 suddenly appeared in the leading DeFi lending compound.
2. Ecology and technology
1. Technological progress
1. Technological progress
(1) The Ethereum 2.0 deposit contract meets the minimum requirements for starting
According to data from OKLink, on November 24, the Ethereum 2.0 deposit contract address has received 524,288 ETH, meeting the minimum requirements for starting the Ethereum 2.0 creation block. It is expected that the creation block will be completed seven days after the minimum requirements are met. , that is, it will be officially launched at 12:00 on December 1, UTC time. As of 24:00 on November 29, the total amount of ETH in the deposit contract reached 836,384 ETH.
(2) Multi-client released a new version to support Eth2.0Prysmatic LabsOn November 25th, the Ethereum 2.0 client executive team
Official announcement of Prysm v1.0.0. This version fully supports the launch of the Ethereum 2.0 mainnet on December 1. In addition, the official said that another release will be launched next week, and it is hoped that it will be launched before or after the creation of Ethereum 2.0, and it will be compatible with Prysm v1.0.0.LighthouseOn the same day, the Ethereum 2.0 clientNimbusThe development team Sigma Prime releases the first major version v1.0.0 of Lighthouse to support Ethereum 2.0 genesis launch; Ethereum 2.0 client
Also released v1.0.0 release candidate to support Ethereum 2.0 genesis block launch.
On November 27th, Ethereum core developer Mikhail Kalinin initiated a transition proposal from Eth1 to Eth2 "Executable Beacon Chain". According to the proposal, this eth2 execution model can replace executable sharding and support the Beacon Chain A single thread of execution contained in . The original idea of this proposal was proposed by Ethereum founder Vitalik Buterin, which aims to reduce complexity by embedding eth1 data (transactions and state roots, etc.) into beacon blocks and allowing beacon proposers to generate executable eth1 data .
2. Voice of the Community
(1) V God: After combining rollups and sharding, the TPS of Ethereum can reach 25,000 to 100,000
On November 23, latetot, an Ethereum hacker and founder of EthGasStation, tweeted that only 4 validator nodes can be activated per epoch in ETH2. To earn 22% APY (annualized yield), you need to put your 32 ETH deposit into Genesis now. If you waited until after Genesis, it could be a long wait before activation.
3. Project trends
3. Project trends
(1) PoS infrastructure service provider stakefish launched the Ethereum 2.0 Staking platform
On November 24th, stakefish, a PoS infrastructure service provider, has officially launched the non-custodial staking platform of Ethereum 2.0. This platform is the first staking platform in the Ethereum community that supports batch establishment of nodes, and a maximum of 100 Ethereum 2.0 can be deposited at one time. Verification node, the smart contract has passed the Runtime Verification audit. Stakefish has open-sourced its batch storage contract not long ago. At present, 680 verification nodes have been successfully created within about 15 hours since the platform was launched, and the amount of Staking ETH has reached 21,760 ETH.
(2) HashQuark builds 1,000 Ethereum 2.0 verification nodes in the first phase
On November 26, Lido, the Ethereum 2.0 staking liquidity solution, announced the official launch of the testnet. The Lido DAO governance tool for Ethereum staking services will also be released in the near future. Lido stated that within a few weeks after the launch of the testnet, the official will deploy Lido DAO, distribute governance tokens, and set all necessary parameters through the DAO member voting process; at the same time allocate and start the oracle machine, which is responsible for the Ethereum 2.0 beacon On-chain Lido balances are reported to smart contracts.
4. Borrowing
Defipulse4. Borrowing
The data shows that last week, the value of locked-up collateral on the chain dropped from US$14.119 billion to US$13.515 billion, a week-to-week decrease of 4.2%; the previous week (11.16-11.22) had a net increase of US$498 million, and a net increase of -604 million US$ last week, a month-on-month decrease 221%.
Specifically, last week, ETH mortgages dropped from 7.48 million to 6.682 million, a drop of 10.6%; BTC mortgages dropped from 169,461 to 167,451, a drop of 1.1%.
image description

(data from etherchain.org)
etherchain.org(data from etherchain.org)
3. 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)

(data from Tokenview)
3. Large transaction

(data from Tokenview)
Tokenview dataIt shows that the number of transfers on the chain decreased slightly last week, and the number of large-value transfers of "above 5,000 ETH", "above 10,000 ETH" and "above 50,000 ETH" decreased by 11.59%, 3.92%, and 37.5% month-on-month. Reduced frequency.

OKlink dataIt shows that the top 300 ETH holdings currently hold a total of 50.57% of ETH, a month-on-month decrease of 0.02%; the entire position distribution presents an oval structure, and the proportions of each part are: 1st to 100th, accounting for 34.83%, a month-on-month increase 0.09%; 101st to 300th, accounting for 15.74%, down 0.11% from the previous month; 301st to 500th, accounting for 6.7%, up 0.16% from the previous month; 501st to 1000th, accounting for 7.34%, up 0.06% from the previous month; After the 1001st place, accounting for 35.43%, a decrease of 0.17% from the previous month.
4. News
(1) The open interest volume of Bitcoin options and Ethereum options hit a record high
(2) Data: Google Trends "Ethereum" search volume reached the highest level since early 2018
(3) The Ethereum Ecosystem Support Program provided $2.4 million in funding in the third quarter
(4) Data: 499,000 addresses purchased 6.43 million ETH in the range of $531~547
(5) Liquidation on the Compound platform exceeds USD 80 million


