ETH Weekly Report | EIP-1559 is ready and may be launched in summer; ETH2.0 contract pledge exceeds 2.5 million (1.11-1.17)

秦晓峰

Odaily资深作者

@QinXiaofeng888

2021-01-18 08:11 (UTC+8)

This article is about 4033 words, reading the full article takes about 6 minutes

The Loopring protocol has implemented the token transfer function from L2 to Ethereum L1.

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The Loopring protocol has implemented the token transfer function from L2 to Ethereum L1.

Author | Qin Xiaofeng

Produced | Odaily

1. Overall overview

Second, the secondary market

1. Spot market

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(ETH daily chart, picture from OKEx)

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(data from BiNuNiu)

(data from Tokenview)

(data from Tokenview)

Tokenview dataIt shows that the number of transfers on the chain dropped sharply 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 35%, 43% and 32% 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

(1) Data: Ethereum 2.0 contract balance exceeds 2.5 million ETH

OKLink data shows that as of 24:00 on January 17, the Ethereum 2.0 deposit contract address has received 2,539,330 ETH.

(2) Ethereum developers: EIP-1559 is almost ready, or launched in summer

Ethereum developer Tim Beiko said that the Ethereum improvement proposal EIP-1559 is almost ready, and now only needs to be tested for block size, which is expected to be launched this summer. Beiko said that the proposal has already been implemented in the Besu, Geth and Nethermind clients, while the OpenEthereum client has not yet started. It is reported that EIP-1559 attempts to reduce transaction costs by introducing fixed fees and destruction mechanisms. The improvement proposal, first proposed by Vitalik in 2018, is expected to make the fee market on the ethereum blockchain more predictable and ease congestion. (Trustnodes)

(3) ConsenSys developers: will refine the ETH 2.0 triple roadmap delivery plan in the first few weeks of 2021

On January 11, ConsenSys developer Ben Edgington published "Beyond the Beacon Chain: What's Next for Eth2?" ". In this article, Ben Edgington reviews the development process of the Ethereum beacon chain, and revisits the triple roadmap of Ethereum in 2021: the "merger" between Eth1 and Eth2, sharding and light client-related specific content (V God announced in mid-November 2020). At the same time, Ben Edgington stated in the article that, assuming the beacon chain continues to run smoothly, the task of Ethereum 2.0 in the first few weeks of 2021 is to refine these three workflows into specific delivery plans. (The Block)

Infura, the API service provider of Ethereum and IPFS, officially tweeted that the Infura Transactions (ITX) function is now available on all public testnets of Ethereum, that is, the function can be used on Rinkeby, Kovan, Ropsten and Goerli. Note: Infura Transactions (ITX) is a simplified method of sending Ethereum transactions that helps developers simplify the complex process associated with gas fee management.

2. Voice of the Community

2. Voice of the Community

Google, Apple and Amazon have all stopped supporting social media app Parler over inflammatory remarks involving Trump supporters. In this regard, V God supports the banned Parler, saying that Parler has the right to exist. He said the attempt to bring down Parler was very concerning. Apple, Google, and Amazon AWS are more like general infrastructure providers than social media sites. And having a global conversation medium is valuable. He also said that the cryptocurrency network he helped create might actually work in social applications as well. Cryptonetworks, a non-state-centric ecosystem, already have to grapple with thorny questions of political philosophy. (Decrypt)

3. Project trends

3. Project trends

(1) Independent developers of Ethereum launched Sweeposaurus, a one-stop asset migration tool

Ethereum independent developer Matt Solomon launched the gadget Sweeposaurus, users can transfer all tokens (ETH and ERC 20) in an address to another new address through one or a small amount of transactions. A front-end website for the tool is live, but the developer has not disclosed whether the tool has undergone a security audit.

(2) The Ethereum cross-chain bridge Secret Ethereum Bridge already supports Basis Cash

On January 12, the privacy public chain Secret Network announced that the Ethereum cross-chain bridge Secret Ethereum Bridge now supports the DeFi algorithm stable currency project Basis Cash. Users can participate in staking BAC to create secretBAC and get SCRT rewards. (SCRT's private version token).

(3) The decentralized project Hermez Network is integrating USDT

Hermez Network, a decentralized project focused on expanding the Ethereum network, announced that it is integrating USDT tokens. USDT will be used to provide cheaper payment and transfer certificates to cope with the high Gas fees on the high ETH network. (CoinDesk)

(4) Linear Finance will release the Linear.Buildr mainnet version 2.0 on January 15

DeFi synthetic asset protocol Linear Finance will release Linear.Builder Mainnet v2.0 on January 15, which will be fully compatible with Binance Smart Chain (BSC) and have swap functions. The code of version 2.0 mainnet is currently being audited by the auditor SlowMist and is entering the final internal testing process. When the release goes live, Linear will migrate Buildr and all user staked and locked LINA and ℓUSD to Binance Smart Chain. As with previous migrations, the process will be seamless for users and take no more than 8 hours. After migration, users will need to complete a few steps in MetaMask to allow them to interact with Buildr on BSC.

(5) Connext, the second-tier network of Ethereum, releases the 0.1.0 mainnet version of the instant second-tier transfer application Vector

The Ethereum two-layer network Connext released the 0.1.0 mainnet version of the instant two-layer transfer application Vector, and will then focus on promoting the adoption of the two-layer network application. Currently, developers can integrate Vector into their applications or protocols to realize micropayments. According to Connext, this marks the beginning of Ethereum’s multi-chain ecosystem, where users can seamlessly interact with wallets and applications running on a variety of different Layer 2 networks and shards.

Loopring announced that it has achieved L2 to L1 transmission. Users can now send tokens from an L2 account to any Ethereum L1 layer account, no longer requiring the token recipient to also be on L2. This is important for L2 adoption and is currently only available in the Loopring wallet, not the web yet.

4. Borrowing

Defipulse4. Borrowing

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5. Mining

(data from etherchain.org)

etherchain.orgThe data shows that the average computing power rose by 1.89% month-on-month, temporarily reporting 323.6 TH/s, a record high; the average mining difficulty rose by 3.38% month-on-month, reaching 4129 T, a new record high; new addresses decreased by 2.5% month-on-month, and the chain Online activity decreased slightly; network congestion eased, and total mining revenue decreased by 13.22% month-on-month.