ETH Weekly Report | 90% of Ethereum addresses are currently profitable; the balance of Ethereum 2.0 deposit contract addresses exceeds 2.1 million ETH (12.28-1.3)

Author | Qin Xiaofeng

Produced | Odaily

Produced | Odaily

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)

(data from Tokenview)                                   

(data from Tokenview)

Tokenview dataIt shows that the number of transfers on the chain increased sharply last week, and the number of large-value transfers of "above 5,000 ETH", "above 10,000 ETH" and "above 50,000 ETH" increased by 29.5%, 36.3% and 366.7% month-on-month respectively. The frequency of changes has increased significantly, and the rise is effective in line with the price trend.

 OKlink dataOKlink data

3. Ecology and technology

3. Ecology and technology

1. Technological progress

1. Technological progress

(1) Data: The balance of the Ethereum 2.0 deposit contract address exceeded 2.1 million ETH

According to data from OKLink, as of 24:00 on January 3, the Ethereum 2.0 deposit contract address has received 2,198,850 ETH.

10,000 ETH, compared with 524,288 ETH to start the minimum requirement of the Ethereum 2.0 genesis block, 320% has been completed.

(2) Optimism, the Ethereum expansion plan, is scheduled to be soft-launched on the mainnet on January 15

In the roadmap for the first quarter of 2021, Optimism officially stated that it expects to enter the first milestone on January 15th, and conduct a soft launch on the mainnet. Users can experience Synthetix on the mainnet; it is expected to enter the second milestone on March 15th. The first milestone is to release the community version, which is a public test network open to everyone, complete documentation and tools for projects to start integrating.

2. Voice of the Community

2. Voice of the Community

(1) Co-founder of EthHub releases seven predictions for Ethereum in 2021

Eric Conner, the co-founder of EthHub, tweeted his predictions for the development of Ethereum in 2021: ETH 2.0 phase 1 will be launched; ETH pledges will reach 8 million; EIP-1559 will be implemented; The two main DeFi will be on the second-layer solution; five DeFi applications will rank among the top ten in the market; DeFi applications will face a regulatory crackdown.

Justin Bons, founder of Cyber ​​Capital, tweeted that Ethereum is Bitcoin 2.0 because it meets all the standards set by Bitcoin at the beginning of its birth. Not only that, but Ethereum surpasses these standards as a robust currency, store of value, and platform for DeFi. While the specifics may vary, this is Ethereum right now.

3. Project trends

3. Project trends

(1) Decentralized derivatives trading protocol dFuture platform token DFT is launched

The dFuture platform token DFT, initiated and incubated by Mix Labs, a subsidiary of MIX Group, has been launched, and the platform transaction mining has started simultaneously. The DFT obtained by users during the public beta period will be distributed in proportion after the official online launch .

It is reported that dFuture is currently in the public beta period. DFT is the token of the dFuture platform, with a total of 210 million pieces. Its value support comes from part of the transaction fees of the dFuture platform, and there are various application scenarios in the platform.

(2) The beta version of the DeFi lending protocol Liquity has been launched on the Ethereum Kovan testnet

The DeFi lending protocol Liquity recently announced that it has launched the Ethereum test network Kovan, and users can connect to the test network through MetaMask for trial use. Officials say this version is very close to the final agreement.

Note: Robert Lauko, a former blockchain researcher at Dfinity, a decentralized computing platform, has designed an Ethereum-based lending protocol called "Liquity" that promises to be fully redeemable for stablecoins. Coin LQTY. Unlike other centralized stablecoins, LQTY can fully redeem the underlying collateral at face value. Liquity backs its stablecoin with algorithmically adjusted redemption and loan issuance fees. The system allows Liquity to set its minimum collateral ratio much lower than MakerDAO’s 110%, Lauko said.

According to previous news, Liquity completed a $2.4 million seed round of financing led by Polychain Capital in September, with participation from a_capital, Lemniscap, and 1kx. This round of financing will be used to support the further development of the protocol and team expansion.

(3) Primitive, an option market protocol based on Ethereum, has been launched on the mainnet

On December 29th, Primitive, an Ethereum-based option market protocol, issued a document announcing that it has been officially launched on the main network. According to the official introduction, the Primitive protocol has no native tokens, and the protocol and interface are in beta version, so there are risks in use. Primitive is a new protocol that harnesses the power of simplicity to provide tokenization options for any asset on Ethereum.

(4) On-chain option protocol Opyn released Opyn v2 version on the Ethereum mainnet

The Gamma protocol has been audited by Open Zeplin, the audit report will be made public before December 31, 2020, and further security audits will be conducted in the coming months. Opyn has also launched a v2 bounty program with rewards of up to $100,000. Opyn v1 will continue to exist on the Ethereum network, providing a venue for physically settled options on ERC20 assets.

4. Borrowing

Defipulse4. Borrowing

The data shows that the value of locked collateral on the chain rose from US$13.309 billion to US$15.531 billion last week, a week-on-week increase of 16.7%; the previous week (Dec. . Specifically, the amount of ETH mortgages dropped from 7.305 million to 7.15 million last week, a drop of 2.1%; the amount of BTC mortgages dropped from 38,763 to 258.53 million, a drop of 33%.

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(data from etherchain.org)

etherchain.orgThe data shows that the average computing power rose by 5.28% month-on-month, temporarily reporting 303 TH/s, a record high; the average mining difficulty rose by 5.73% month-on-month, reaching 3872 T, a new record high; new addresses rose by 8.1% month-on-month, and on-chain The activity has increased, and the total mining revenue has increased by 5.63% month-on-month.

4. News

4. News

(1) Data: The balance of ETH miners is at a 2-year low, and the exchange supply is at a 1.5-year low

On December 28, Santiment tweeted that on the usually slowest trading day (Sunday), Ethereum broke through $700 for the first time since May 19, 2018. ETH miner balances are at a 2-year low and exchange supply is at a 1.5-year low.SantimentDecember 29,

Continue to tweet that in terms of ETH tokens held by exchanges, the holdings of the top 100 Ethereum exchange addresses continue to shrink, again below the level of the "Black Thursday" period. The number of whale assets available for public sale continues to dwindle, further incentivizing the development of the asset (ETH), currently the second largest by market capitalization.

On December 31, Santiment tweeted that compared with 2 months ago, the number of wallet addresses holding at least 10,000 ETH increased by 39. At the same time, the number of addresses holding 1-10,000 ETH has decreased during this time. Unfortunately, retail investors are taking profits every time the price of ETH rises, which means that the ETH held by retail investors is gradually transferred to the hands of large holders, which may make retail investors miss out on further ETH rises in the future Opportunity. Several on-chain indicators show that ETH is increasingly becoming a more favorable investment asset.

(2) 90% of Ethereum addresses are currently in profit

According to Glassnode data, 90% of all Ethereum addresses holding ETH are currently in a profitable state, the highest level since January 2018. In March 2020, only 3.2% of Ethereum addresses were profitable.

(3) Webster Rating Analyst: ETH will rise to the highest level in history in 2021

Weiss Ratings (Weiss Ratings) analysts Juan Villaverde and Bruce Ng jointly published an article stating that year-to-date, Ethereum has risen 469%, while Bitcoin has risen 281%. The article stated that it is believed that ETH will continue to bring more benefits to investors in 2021. The reasons are as follows: 1. ETH has the most developers. 2. ETH trading volume is stable and growing. 3. Bitcoin may be the king of crypto, but Ethereum is the queen of DeFi. 4. The DeFi boom shows no signs of cooling down. 5. Potential competitors such as Polkadot, Cosmos, Cardano, and Tezos are starting to fade. 6. No other single blockchain can provide DeFi investors with such a wide range of financial options. 7. Ethereum is probably undervalued by at least 40%. Additionally, the article predicts that Ethereum is a safe bet to reclaim its previous all-time high (nearly $1,200) in 2021.

(4) US SEC rejects BOX's request to report stock transaction data on Ethereum

In a notice filed last Monday by the U.S. Securities and Exchange Commission (SEC), the regulator declined to approve BOX Exchange Inc’s rule change aimed at providing blockchain-based stock trade reporting. The proposal seeks to make National Market System (NMS) stocks use BOX's blockchain trading venue, the Boston Security Token Exchange (BSTX). BOX originally submitted the proposal on February 28, and has since added several amendments. The exchange is reported to be a joint venture with tZero and began participating in blockchain-based STOs in 2018. (CoinDesk)

(5) The MITH Cash token contract was exposed to have unlimited minting risks, and the official has resolved the problem

Ethereum developer Roman Semenov tweeted that it appears that all MITH Cash tokens have an unverified owner contract that mints an unlimited number of tokens. Afterwards, MITH Cash officially responded and announced the relevant operation proof, and the contract has been verified. Semenov confirmed that the problem has been resolved.