ETH Weekly Report | The average daily trading volume of Grayscale ETHE hit a new high in November; 3iQ Corp’s Ethereum Fund raised $76.5 million and was successfully listed (12.7-12.13)

Author | Qin Xiaofeng

Author | Qin Xiaofeng

Produced | Odaily

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)                                 

(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" and "above 10,000 ETH" decreased by 3.2% and 10.84% ​​month-on-month, but the number of large-amount transfers of "above 50,000 ETH" increased by 466% month-on-month. %, the frequency of giant whale account transactions has increased significantly, and there are many transfers into the Eth2.0 deposit contract.

OKlink dataOKlink data

3. Ecology and technology

3. Ecology and technology

1. Technological progress

1. Technological progress

(1) The balance of the Ethereum 2.0 mortgage address exceeded 1.4 million ETH

According to OKLink data, as of 24:00 on December 13, the Ethereum 2.0 deposit contract address has received 1,448,545 ETH.

(2) Ethereum 2.0 block explorer beaconcha.in releases mobile version

On December 11, Bitfly, the parent company of the Ethermine mining pool, announced that its open-source Ethereum 2.0 block browser beaconcha.in has released a mobile version, supporting iOS and Android. The supported functions include receiving validator reminders, tracking validator performance and receiving relevant information Push notifications for client updates.

On December 11, the Ethereum client Go Ethereum (Geth) officially announced that it has officially released the Geth v1.9.25 version Marljeh. This release is a maintenance release with some improvements over previous releases and a security fix for the LES server.

2. Voice of the Community

2. Voice of the Community

(1) V God: It is expected that there are multiple ways to convert CBDC into cryptocurrencies such as Bitcoin

On December 10, Vitalik, the founder of Ethereum, said that it will be quite easy to convert central bank digital currency (CBDC) into cryptocurrency in the future. He expects that there are many ways to convert CBDC into cryptocurrency such as Bitcoin and other digital tokens. He added, “One question that exists is how these central bank digital currencies will interact with cryptocurrencies and digital currencies more broadly. Over the next few decades, there will be a greater variety of digital assets. I anticipate that there will be many opportunities for fair exchange between different types of assets and transfer from one ecosystem to another." In addition, V God also expressed optimism about the development of global CBDCs, and pointed out that central bank digital currencies have Many potential benefits, such as simplified macroeconomics. (Cointelegraph)

On December 10, Michael Godsey, general manager and product director of Infura, said: "It is right to think of the Ethereum 0 phase as a testing phase. I think that when developers start to get involved in ETH 2.0, it will still be in the late stage." In a video interview with Forkast.News, Godsey said: "The early stages really need to verify that the staking architecture works and that the ethereum network can run on this new consensus algorithm. You will see a lot of validators and staking services and things like that. Helping people get involved.” Note: Infura is a subsidiary of ConsenSys that allows users to run applications on Ethereum without setting up nodes or wallets. (Forkast)

3. Project trends

3. Project trends

(1) Ethereum push notification service EPNS completes USD 750,000 in seed round financing

On December 9, the decentralized notification protocol Ethereum Push Notification Service (EPNS) announced the completion of a US$750,000 seed round of financing, with a current valuation of US$5 million. Investors include several industry insiders and a number of venture capital institutions or organizations. EPNS said that the native token PUSH will be launched soon, and 15% of the total amount of PUSH has been allocated through the SAFT (Simple Agreement for Future Tokens) mechanism. Next, EPNS will build the remaining functions of the protocol MVP and conduct audits, and then the main network will be launched.

(2) More than 100,000 ETH participated in the pledge through Kraken within four days

As of Dec. 9, customers of U.S. cryptocurrency exchange Kraken have deposited more than 100,000 ETH worth more than $60 million, four days after the launch of the Eth2 staking service.

(3) Ethereum's cross-chain bridge Secret Ethereum Bridge will support TUSD and SNX

On December 11, Ethereum's cross-chain bridge Secret Ethereum Bridge will support TUSD and SNX, and TUSD is the first stablecoin supported on the cross-chain bridge. In previous news, the privacy public chain Secret Network (Secret Network) announced the launch of the Secret Ethereum Bridge, a cross-chain bridge with Ethereum, and plans to launch it on the mainnet on December 14, 2020.

On December 9th, MyEtherWallet (MEW) announced a partnership with Staked to enable MEW users on Android mobile devices to stake Ethereum 2.0.

4. Borrowing

Defipulse4. Borrowing

The data shows that the value of locked-up collateral on the chain dropped from US$14.417 billion to US$14.39 billion last week, a decrease of 1% in the week; 102%.

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5. Mining                       

(data from etherchain.org)

etherchain.orgThe data shows that the average computing power decreased by 0.5% month-on-month, and was temporarily reported as 286 TH/s; the average mining difficulty reached 3615 T, a month-on-month decrease of 0.22%; the total mining revenue increased slightly by 0.3% month-on-month; Activity dropped drastically.

4. News

4. News

(1) In November, the average daily trading volume of Grayscale Ethereum Trust hit a record high

According to The Block data, the average daily trading volume of Grayscale’s Ethereum Trust (ETHE) product in November increased by 220% compared with October. The average daily trading volume of ETHE in November was $24.63 million, a record high. Daily trading volume in November was $9.43 million higher than the previous peak in August. According to previous reports on December 2, Grayscale officially announced that it will split the issuance share of Ethereum Trust 9:1.

(2) Data: The total circulation of Ethereum stablecoins reached 18.6 billion US dollars, a record high

According to DeBank data, the total circulation of Ethereum stablecoins has reached 18.6 billion U.S. dollars, a record high. Calculated by circulation, the current top three Ethereum stablecoins are: 1. USDT: USD 12,442,113,561, accounting for 66.88% of circulation; 2. USDC: USD 3,046,577,409, accounting for 16.38% of circulation; 3. DAI: 1,063,650,356 U.S. dollars, accounting for 5.72% of circulation.

(3) 3iQ Corp's Ethereum fund rose 2.5% on the first day of listing

Canadian investment fund manager 3iQ Corp's ethereum fund traded Thursday on the Toronto Stock Exchange, opening at $10.80 a share after raising $76.5 million. The fund hit an intraday high of $11.48 before closing at $11.02. That represented a 2.5 percent gain on a day when ETH prices fell about 0.5 percent, placing a premium on QETH.U stock prices. (Cointelegraph)

(4) Informed sources: Standard Chartered Bank will launch a digital asset trading platform for institutional investors

Standard Chartered has assembled a group of cryptocurrency exchanges for a new digital asset trading platform targeting the institutional market, according to two sources familiar with the plans. Standard Chartered’s crypto trading group includes the five largest OTC traders and four exchanges and will include an ethereum-based settlement token, a person familiar with the matter said. Companies involved in the custody and trading project include LMAX and ErisX, while Standard Chartered-backed Swiss custody provider METACO and British trade technology provider Cobalt will also support the project, the sources said. Standard Chartered and the other companies mentioned declined to comment.