ETH Weekly | Galaxy Digital plans to launch the Ethereum Fund in mid-February; the number of Ethereum small wallet addresses has risen significantly (1.18-1.24)
Author | Qin Xiaofeng
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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)
(ETH daily chart, picture from OKEx)
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(data from BiNuNiu)
(data from BiNuNiu)
(data from Tokenview)
(data from Tokenview)
Tokenview dataIt shows that the number of transfers on the chain dropped sharply last week, the number of large-value transfers of "above 5,000 ETH" and "above 50,000 ETH" increased by 2% and 58.82% month-on-month, respectively, and the number of large-amount transfers of "above 10,000 ETH" decreased month-on-month 7.6%, which generally reflects the increase in the frequency of giant whale account transactions.
OKlink data3. Ecology and technology
3. Ecology and technology
1. Technological progress
1. Technological progress
(1) More than 2.6 million ETH has been mortgaged to the Ethereum 2.0 contract
According to data from OKLink, as of 24:00 on January 24, the Ethereum 2.0 deposit contract address has received 2.81421 million ETH, accounting for 2.4% of the current supply of Ethereum.
(2) EIP-1559 proposal caused dissatisfaction among minersFlexpoolOn January 18th, the Ethereum mining pool
Tweeted to announce the establishment of a website to monitor mining pools opposing the EIP-1559 proposal. Flexpool reiterated its opposition to EIP-1559, saying don't let them inflate the value of the investment by undermining our legal wages.2MinersJanuary 19,
He tweeted that he hoped that ETH developers would listen to the miners as they promised when they made the EIP-1559 update.BitflyOn January 20, the parent company of Ethermine mining pool
Tweeting: "We've been watching what's going on within the community and would like to state that Ethermine is against the adoption of EIP-1559 in its current state, as we believe the future of Ethereum may be at risk. Why? Over the past few years, Block rewards have dropped from 5 ETH to 2 ETH, however, the closer we get to the transition to Ethereum 2.0, the more risky this change will be as there is less stake for miners.”Danny RyanThe Ethereum Improvement Proposal EIP-1559 is expected to be launched this year. He emphasized that this improvement plan is very beneficial to the Ethereum network. The charging mechanism of EIP-1559 will be implemented on the shard data layer of eth2. This will provide a better user experience for Ethereum data consumers when attempting to put data into the Ethereum network, helping Rollup securely feed its block data into the beacon chain.
2. Voice of the Community
Ethereum developer Danny Ryan said that the Ethereum 2.0 client Prysm seems to be dominating Ethereum 2.0, with Prysm nodes accounting for at least 50% of the mainnet nodes. The Ethereum mainnet has 4 clients. The ideal state is that each client accounts for 25%, and each client accounts for less than 50%. This is achievable. (TrustNodes)
3. Project trends
3. Project trends
(1) ZKSwap based on ZK Rollup is expected to be launched on the Ethereum mainnet in early February
(3) Ethereum 2.0 client Prysm launched version v1.1.0
On January 19, Charm, a decentralized options platform, announced the launch of its mainnet, allowing users to trade Ethereum options contracts in an innovative way. Charm claims it can create liquid options on the blockchain. By applying predictive market scoring rules to options, it invents a new model for option creation, pricing, trading and settlement. (DeCrypto)
4. Borrowing
Defipulse4. Borrowing
The data shows that the value of locked-up collateral on the chain fell from US$23.07 billion to US$21.4 billion last week, and closed at US$25.045 billion during the week, an increase of 8.5% in the week; 1.975 billion US dollars, an increase of 792% month-on-month. Specifically, ETH mortgages rose from 6.935 million to 6.972 million last week, an increase of 1%; BTC mortgages rose from 32,692 to 38,806, an increase of 18.7%.
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(data from etherchain.org)
etherchain.orgThe data shows that the average computing power rose by 5.8% month-on-month, temporarily reporting 342.4 TH/s, a record high; the average mining difficulty rose by 5.8% month-on-month, reaching 4370 T, a new record high; new addresses decreased by 7.8% month-on-month, and the chain Online activity decreased slightly; network congestion eased, and total mining revenue decreased by 4.8% month-on-month.
4. News
(1) Galaxy Digital plans to launch the Ethereum Fund in mid-February
Galaxy Digital, an investment bank in the field of encrypted assets, pointed out in an email sent to users that it plans to officially launch the Galaxy Ethereum Fund, a private equity fund, in mid-February, which aims to provide institutional-level exposure to Ethereum. The fund will invest directly in Ethereum and will be priced according to the Bloomberg Galaxy Ethereum Index (an index benchmark jointly launched by Bloomberg and Galaxy Digital to measure the performance and investment risk of cryptocurrencies). The fund aims to ease the complexity of investing in crypto assets by providing investors with outsourced trading, operations, finance, and custody or digital asset private key protection services. Managed by Gemini and audited by Deloitte, it is open to qualified investors with a minimum investment of US$25,000 and a management fee of 1%-1.25%.
(2) Data: The number of Ethereum retail wallet addresses has increased significantly
Glassnode data shows that the number of Ethereum non-zero wallet addresses and wallet addresses holding 0.01 and 0.1 ETH has risen significantly. Non-zero wallets have been gradually increasing since 2018 and recently exceeded 50 million. The new high was nearly 52.5 million. There are over 11 million addresses holding at least 0.01 ETH. The growth of such wallets began to pick up in late 2020 - just when the price of ETH started to surge. Finally, addresses holding at least 0.1 ETH also reached a new high of over 3.715 million. The growth of such wallets briefly slowed a few months ago, but started to grow as ETH prices rebounded. (CryptoPotato)
(3) The market value of Ethereum has risen to the 60th place in global assets, surpassing Shell, McDonald's and other companies
On the evening of January 20th, ETH hit a new high, reaching a peak of US$1,439, and its market value reached US$160 billion. Its market value ranking rose to 60th in global assets, surpassing well-known companies such as Royal Dutch Shell, McDonald's, and Texas Instruments. According to information from Forbes Crypto, Ethereum co-founder Vitalik holds 333,000 ETH, worth $474.9 million.
(4) The settlement volume of Ethereum in 2020 exceeded 1 trillion US dollars, surpassing BTC to become the largest settlement layer
(5) Data on the chain shows that the rebound of Ethereum has just begun
