Is the value of ETH underestimated? Looking back in 2020, ETH is the king

I heard that the mine collapsed, everyone is making money, right?

--- Not Satoshi Somoto himself

|The Value of Ethereum

Recalling 2020, I actually found that among the mainstream coins, or among the top few market capitalization coins, Eth is really the best no matter whether it is landing or doing anything. Let’s look back at Ethereum’s 2020.

Let’s talk about Ethereum’s 2020 from a few points.

1. Fundamentals

2.DeFi

price

4.NFT

Fundamentals

price

From January 9, 2020 to today, January 9, 2021, Eth has increased by 752.1%, and from March 13, 2020 to today, the increase has been 1273.8%;

According to the minimum standard of Eth2.0, 32 Eths were worth 4064U at the beginning of last year, 2784U on 3.13, and 38208U now;

It can only be said that you ignored Eth in the past, but now Eth feels unattainable.

This year, the transfer on the Eth chain is also very active, which is beyond the scope of ordinary people’s comprehension. Of course, the most important thing is the miner’s fee. Let’s not mention the miner’s fee when UniSwap issued an airdrop in early October. Due to the rise of Eth and some unknown factors, the gas fee for the miner fee is close to 90U. What do you think?

Transfer Gas remains high:

Now Gas Fees are not very expensive, only 10.39U is enough, 10 clicks is 103.9U, don't miss it when you pass by.

The transaction fee consumed by Eth transfers every day is as high as 11193.15ETH. As for the day on the 8th, the daily average is at a level of 10,000Eth recently, that is, the daily miner fee is maintained above 12 million US dollars;

I don’t know if the data is right or not, anyway, it’s quite tiring to find, if you make a mistake, please remember to name it, spray me, and let me know that I am wrong.

secondary title

DeFi

TVL (Total Value Locked)

If you look carefully, you will find that it was a flat curve before June, and it has become an upward curve since June, and gradually the slope has become higher and higher in the last two months;

TVL has also risen nearly 33.5 times from US$895 million at the beginning of the year to US$30.57 billion now;

And we can straighten out the increase in each stage, and walk according to the timeline:

1. In June, Compound began to issue coins, and started mining by borrowing, and began to lock up a large amount of TVL. After that, Ampl began to reward liquidity on UniSwap, and there was no such thing as mining at that time;

2. Balancer directly speculates homework, learns Compound and starts issuing coins, and also starts locking TVL;

3. YFI was born in early July, which opened the "mining era", which directly locked a large amount of TVL, but it was not prominent, and then YFII appeared, opening the era of machine gun pools;

4. Yam was proposed for the first time in early August, and 200M funds were locked within 2 hours, creating the era of "fruit mining";

5. Cruve started to issue coins and joined the era of "fruit mining". At this time, SushiSwap began to "hijack" the traffic of UniSwap to start liquidity mining, and various mines began to emerge;

6. In October, UniSwap began to airdrop Uni, and launched the liquidity mining of UNI to directly lock up 1.4B liquidity, and the liquidity mining reached its climax;

7. Digital currencies began to rise, UniSwap’s wealth-creating effect became prominent, and algorithmic stablecoins began to appear, covering liquidity mining and locking a lot of TVL;

8.1INCH airdrop, causing everyone to start looking for DeFi protocols that have not issued coins, and start interacting to see if they can get the airdrop;

9. Algorithmic stablecoin mining is hot, Mith.Cash directly completed the last block, locked 1B TVL, and started 2021;

secondary title

Eth2.0 and Layer2

Ethereum 2.0 is the new generation of Ethereum, and we shouldn't even call it Ethereum. Ethereum 2.0 is a completely different project, which adopts a new idea in the blockchain architecture.

The goal of Ethereum 2.0 is to improve the scalability, security and programmability of Ethereum.

Unlike Ethereum 1.0, which can only achieve a throughput of 15 TPS, Ethereum 2.0 can process thousands to tens of thousands of transactions per second (or even more), without reducing its degree of decentralization.

In fact, Ethereum 2.0 wants to introduce a more economically secure consensus mechanism called Proof of Stake (PoS) instead of Proof of Work (PoW) used by Bitcoin and Ethereum 1.0.

In short, Eth2.0 came into being to solve the weaknesses of Eth1.0. It depends on whether it can be solved.

As for Layer 2, the current market is extremely hungry.

To put it simply, other public chains such as TRON or EOS focus on one thing, that is, the speed and fees are low. After all, the same thing is actually quite simple to build. You have to have a competitive advantage. You can’t say your father Richer than other fathers, right?

Especially as mentioned above, the Eth Fees are extremely high, with a sum of more than a dozen dollars - dozens of dollars or even hundreds of dollars.

secondary title

NFT

The first climax of the NFT sector came from the airdrop of the MEME pineapple, airdrop to get rich, probably a full-paying house in a second-tier city per capita, it seems like this.

Of course, Binance launched a series of NFT tokens, such as Pokemon AXS, and a series of CHZ tokens, which are all representatives.

Of course, for Professor Shuo personally, he doesn't think NFT has any effect at all. Could it be the legendary XJB nonsense.

Anyway, I don’t quite understand this. If NFT can be valuable, I plan to go to CAFA or other art institutes to find some people to cooperate with and draw some pictures for everyone. Welcome to buy it when the time comes.

Summarize

Summarize

The reason why Ethereum has risen this year is due to the superimposition of the above-mentioned benefits. We must be a sensible person. Simply put, we must know why and why.

Due to the relationship between supply and demand, it will naturally be reflected in the price.

Altcoin

Altcoin

Algorithmic stablecoin: The algorithmic stablecoin was the first to be established by TRON the day before yesterday. It started to plummet yesterday, and today it began to plummet across the board. It was basically bloodbathed. The rise and fall varied. The one that fell the least seemed to be Bas. I don’t know. Should I be glad.

Mis fell from yesterday's highest of around 2700 to the current 214, with a daily low of around 160. There are also various algorithmic stablecoins on Matcha, each of which fell more brutally than the other.

It can only be said that I somehow escaped to the top, escaped to play Heco, and then somehow dug into loneliness, really lonely.

At least for now, Professor Shuo doesn’t think there is any algorithmic stablecoin that is suitable for bottom-hunting, and it hasn’t landed yet. The basic gameplay is still in the game of the plate. The key is that everyone is a speculator, and there is no believer. If you have faith, you can play It should be Basis Cash, that's all.

All articles of Professor Suo cannot be used as investment advice and recommendations. Investment is risky, and the risk in the currency circle is even worse. It is recommended to evaluate personal risk tolerance and prepare psychologically before entering the market.

risk warning

All articles of Professor Suo cannot be used as investment advice and recommendations. Investment is risky, and the risk in the currency circle is even worse. It is recommended to evaluate personal risk tolerance and prepare psychologically before entering the market.