ETH Weekly | "Ethereum" Google search volume hit a record high, surpassing the last round of bull market; Ethereum 2.0 deposit contract address balance exceeded 2.3 million ETH (1.4-1.10)

秦晓峰

Odaily资深作者

@QinXiaofeng888

2021-01-11 08:04 (UTC+8)

This article is about 4235 words, reading the full article takes about 7 minutes

V God: Rollups is expected to become the cornerstone of Ethereum expansion in the short and medium to long term.

AI Summary

Expand

V God: Rollups is expected to become the cornerstone of Ethereum expansion in the short and medium to long term.

Author | Qin Xiaofeng

secondary title

Produced | Odaily

1. Overall overview

Google Trends data shows that the search volume for "Ethereum" on Google has hit a record high and has surpassed the last round of bull market. The last peak Google search interest for "Ethereum" was on January 13, 2018, when the ETH price peaked at $1,432.88.

Second, the secondary market

1. Spot market

image description

(ETH daily chart, picture from OKEx)

image description

(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 75%, 105% and 78.5% month-on-month respectively. The frequency of changes has increased significantly.

OKlink data3. Ecology and technology

3. Ecology and technology

1. Technological progress

1. Technological progress

Data: Ethereum 2.0 deposit contract address balance exceeds 2.3 million ETH

Founder of EthereumV GodV God

"In a way, it's the ultimate bet on progress, and in a way, that's what Ethereum is about," he argued, continuing to say that Ethereum will be what people look forward to in the 2020s. The modern blockchain, and explained that sharding and the Layer 2 ecosystem together will bring the scalability of tens of thousands of transactions per second to Ethereum. He called this "very important" because ethereum is ultimately trying to create a platform that can achieve mainstream adoption while also providing adequate security benefits to its users.

2. Voice of the Community

2. Voice of the Community

Vitalik, the founder of Ethereum, published the article "Incomplete Rollups Guide", which introduced Rollups technology, principles and development. He concluded by saying: Rollups are a powerful layer-2 scaling paradigm that is expected to become the cornerstone of Ethereum scaling in the short and medium term (and possibly long term). Rollups has seen great enthusiasm from the Ethereum community because, unlike previous layer-2 scaling attempts, Rollups can support common EVM code, allowing existing applications to migrate easily. To do this, Rollups makes a key compromise: instead of trying to go completely off-chain, it keeps a small amount of data about each transaction on-chain. There are many types of rollups and many options in the design space. He points out that Rollups are still early days and development is still apace, but they do work, and some of them (notably Loopring, ZKSync, and DeversiFi) have been up and running for months. In the next few years, there will be more exciting work in the field of Rollup.

3. Project trends

（1）3. Project trends

Connext, the second-tier network of Ethereum, has launched the smallest available version of the cross-chain second-tier network

According to official news, Connext, the Ethereum second-tier network, has launched the minimum available version of the cross-chain second-tier network. As the first stage of the planned three stages, Stage 0, the main goal of this stage is to create a minimum viable network (Minimum Viable Network), which will allow nodes in the network to transfer value across chains in a non-custodial manner through an intermediate router. Routers can be operated by anyone and can open channels for any end user, but routers cannot interact with each other, which means that DApps wishing to cross-chain from Ethereum to Matic need to find routing services that support those specific blockchains.

(2) GasTrology.ETH, a Gas price prediction tool based on local Ethereum nodes, has been launched

Sebastian Bürgel, founder of the decentralized infrastructure HOPR Service, launched GasTrology.ETH, an Ethereum Gas price prediction tool, which means that it does not use any centralized service provider, but uses a Web3 access port (such as MetaMask). The service itself is also implemented through decentralized services, the domain name uses the Ethereum domain name system, and the front end of the website uses IPFS hosting. According to the official statement, compared with centralized service providers such as Infura, if users access their own Ethereum nodes, the data analysis speed of this service can be about 10 times faster.

(3) Decentralized futures exchange Futureswap releases V2 beta version

The decentralized futures exchange Futureswap released the V2 beta version, which added the oracle repeater network (ORN) for real-time quotations, and has also been updated in terms of efficient trading and higher capital efficiency. In addition, automatic market makers ( AMM)-style liquidity provision, incentive mechanism, community governance and other core functions remain largely unchanged. Currently, ORN is being audited by the security company Trails of Bits, and the Ethereum smart contract has passed the audit of OpenZeppelin.

(4) Lido, the Ethereum 2.0 pledged liquidity solution, launched the governance token LDO

According to official news, Lido, the Ethereum 2.0 pledged liquidity solution, announced the official launch of the governance token LDO, which is used to manage Lido DAO and network decision-making. Currently, LDO has been distributed to early Lido stakers. Between the deployment of Lido and December 28, 2020, all stETH, Uniswap stETH/ETH LP token and yvsteth stakers and holders are eligible to claim LDO.

In December 2020, Lido announced the official deployment of the governance platform LidoDAO. After the launch of Lido DAO, a total of 1 billion LDOs were minted. At present, the founding members of LidoDAO currently hold 64% of the tokens, which will be locked for one year and released linearly for one year. Of the unlocked tokens, DAO Treasury holds 36.32%, investors 22.18%, validators and signature holders 6.5%, initial Lido developers 20%, founders and team 15%.

(5) CryptoPunk artwork based on Ethereum sold for 140 ETH

Odaily Note: The Larva Labs website shows that the ownership of CryptoPunk 8219 has been transferred from gmoney to the address 0xcf74e4 on January 8. (Decrypt)

4. Borrowing

Defipulse4. Borrowing

image description

5. Mining

(data from etherchain.org)

etherchain.org(data from etherchain.org)

According to YCharts data, on January 4, Ethereum transaction fees continued to climb, with an average value of up to $17.43 per transaction, compared with an average fee of about $10.20 earlier. $17.43 per transaction constitutes an all-time high for average ether fees, surpassing the previous record of $12.54 at the height of the DeFi mania last September.