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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)

秦晓峰
Odaily资深作者
@QinXiaofeng888
This article is about 3984 words, reading the full article takes about 6 minutes
In the range of $531~547, there are 6.43 million ETH buying orders.
AI Summary
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In the range of $531~547, there are 6.43 million ETH buying orders.

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

2. Voice of the Community

(1) V God: After combining rollups and sharding, the TPS of Ethereum can reach 25,000 to 100,000

The first Blockchain Service Network (BSN) Global Technology Innovation and Development Summit & Hubei Blockchain Technology Innovation Conference was held in Wuhan on November 27. Vitalik, the founder of Ethereum, delivered a keynote speech at the meeting, saying that rollups can improve scalability and increase the TPS of Ethereum from 15-45 to 1000-4000. Combining rollups and shards together can increase the TPS of Ethereum to 25,000 to 100,000. He also said that rollups are almost ready, but sharding will take more time. One of the reasons why enterprises will use private chains is that the scalability of public chains is very poor, but Ethereum 2.0 will have very good scalability.

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 24, HashQuark announced that HashQuark has accepted more than 30,000 ETH entrusted by users, and built 1,000 Ethereum 2.0 verification nodes in the first batch. Through the enterprise-level staking service EtherPocket Pro launched by HashQuark, enterprise users can realize "one-click" node construction and node visual management. HashQuark has also launched a claim settlement scheme, increasing the security of user assets. As a professional Staking ecological service provider, HashQuark provides safe, convenient and stable enterprise-level infrastructure services.

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

4. News

(1) The open interest volume of Bitcoin options and Ethereum options hit a record high

As of Nov. 22, total Bitcoin options open interest reached $4.53 billion, an increase of $1.13 billion since Nov. 15, an increase of nearly 25% in a week. Additionally, Ethereum options open interest totaled $780.05 million, an increase of $221.09 million or 39.5% in a week. (The Block)

(2) Data: Google Trends "Ethereum" search volume reached the highest level since early 2018

Data shows that since October 2020, more and more people in the United States have been discussing and researching Ethereum, and the Google Trends search volume for "Ethereum" has reached the highest level of the year. The situation is similar elsewhere in the world. The popularity of Ethereum has grown significantly, with the number of searches already surpassing 2020 and 2019 levels, with higher query densities in Kosovo, Macedonia, and Nigeria. (Cryptopotato)

(3) The Ethereum Ecosystem Support Program provided $2.4 million in funding in the third quarter

According to the Ethereum blog, the Ethereum Ecosystem Support Program (ESP) team has released an update for the third quarter of 2020. In the third quarter, the program provided a total of US$2.4 million in funding for BlockchainsForSchools, Hubble, Zkopru (zk-optimistic-rollup), DarkForest and other teams.

(4) Data: 499,000 addresses purchased 6.43 million ETH in the range of $531~547

On November 26, the encryption analysis company IntoTheBlock tweeted that after breaking through the $600 mark, Ethereum is currently facing strong selling pressure. The indicators show that between $531 and $547, 499,000 addresses purchased a total of 6.43 million ETH, and the support in this range is the most stable.

(5) Liquidation on the Compound platform exceeds USD 80 million

Compound
ETH
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