ETH Weekly | The hard fork of Ethereum Berlin has been upgraded; Canadian regulators have approved three Ethereum ETFs (4.12-4.18)
Author | Qin Xiaofeng
Editor | Hao Fangzhou
Produced | Odaily
1. Overall overview
Author | Qin Xiaofeng
1. Overall overview
Second, the secondary market
1. Spot market
Second, the secondary market
(ETH daily chart, picture from OKEx)
1. Spot market
According to OKEx market data, the price of ETH once rose above $2,500 last week, then fell to $1,885, and closed at $2,144.6 during the week, which was basically the same as last week's closing price.
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The daily chart shows that the price of ETH is currently supported by the middle track of the Bollinger Band, and may rebound slightly in the short term. The upper resistance level is $2,450 on the upper track of the Bollinger Band; the short-term may drop again, and the lower support level is the $2,000 mark and the 60-day Moving average ($1850).
In terms of funds, the largest net outflow was 385 million US dollars (Saturday), and the largest net inflow was 300 million US dollars (Tuesday); ETH’s net outflow of funds from the entire network last week was about 383 million US dollars, a month-on-month decrease of 16%. The trend is obvious, so in the coming week, the price level will continue to consolidate and fluctuate, and may even usher in a relatively large correction.
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OKlink 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" and "above 10,000 ETH" increased by 43% and 44% month-on-month respectively. The number of large-value transfers above "has decreased month-on-month.
3. Ecology and technology
1. Technological progress
OKlink data
It shows that the current top 300 ETH holdings hold a total of 52.17% of ETH, an increase of 0.04% month-on-month; the entire position distribution presents an oval structure, and the proportions of each part are: 1st to 100th, accounting for 37.82%, a month-on-month increase 0.22%; 101st to 300th, accounting for 14.35%, down 0.18% from the previous month; 301st to 500th, accounting for 6.56%, down 0.09% from the previous month; 501st to 1000th, accounting for 8.15%, down 0.09% from the previous month; After the 1001st place, accounting for 33.15%, a month-on-month increase of 0.15%.
3. Ecology and technology1. Technological progress
(1) The Berlin hard fork of Ethereum has been upgraded
On April 15th, Beijing time, the Berlin hard fork of Ethereum was completed at block height 12244000 (expected on April 15th, Beijing time).Githubupgrade content
On April 16th, OpenEthereum was
2. Voice of the Community
Released v3.2.3 on , which contains a fix for the "Berlin Upgrade" bug.
On April 14, Sigma Prime, the Ethereum 2.0 client Lighthouse development team, announced the release of Lighthouse v1.3.0. This release includes important bug fixes for beacon chain nodes and should be considered a high priority for all stakers and should be done as soon as possible. Additionally, #2306 adds additional validation conditions to aggregate proofs to prevent incorrect proofs from filling up the operation pool. #2307 Improved block packaging, leading to better block rewards for stakers. Sigma Prime calls for an immediate update for your safety and benefit.
3. Project trends
V God: I don’t think zkPorter has a stronger security guarantee than Optimistic Rollup
ConsenSys completed $65 million in financing, JPMorgan Chase, MasterCard, UBS, Protocol Labs, Maker Foundation, Fenbushi Capital, The LAO, Alameda Research, CMT Digital, NGC Ventures, Greater Bay Area Common Home Development Fund, Quotidian Ventures and Liberty City Ventures participated. In this investment, in addition to fiat currencies, several investment funds also consider Ethereum-based stablecoins as investment methods, such as DAI and USDC. According to TechCrunch, this round of funding came around the time ConsenSys acquired Quorum last June. (CoinDesk)
3. Project trends
(1) ConsenSys raised USD 65 million, with participation from JPMorgan Chase, MasterCard, UBS, etc.
ConsenSys completed $65 million in financing, JPMorgan Chase, MasterCard, UBS, Protocol Labs, Maker Foundation, Fenbushi Capital, The LAO, Alameda Research, CMT Digital, NGC Ventures, Greater Bay Area Common Home Development Fund, Quotidian Ventures and Liberty City Ventures participated. In this investment, in addition to fiat currencies, several investment funds also consider Ethereum-based stablecoins as investment methods, such as DAI and USDC. According to TechCrunch, this round of funding came around the time ConsenSys acquired Quorum last June. (CoinDesk)
On April 16, 10 days after the DeFi lending protocol Liquity Protocol went live on the Ethereum mainnet, its total locked-up volume (TVL) had reached $1 billion. Between April 12 and April 14, the agreement generated an average of about $240,000 in fees per day, according to Dune Analytics. On April 15, the total value of pledged assets exceeded 720,000 US dollars, and the mortgage rate of most users was in the range of 150-250%. (Cointelegraph)
（(3) The multi-chain DeFi platform Rubic has launched the Routing system, which can reduce gas fees
On April 17, the multi-chain DeFi platform Rubic announced that it has launched the Routing system. Currently, the Routing system has supported transactions on the Ethereum and BSC networks, and users can trade any token through the system. Compared with Uniswap, the system can calculate and pay the smallest gas fee to complete the transaction.
(4) Coinbase has officially launched the Ethereum 2.0 pledge service
5) The Ethereum domain name service ENS has created NFTs of 25 top-level domain names and will put them up for auction
4. Borrowing
DefipulseEthereum Domain Name Service (ENS) has created NFTs for 25 top-level domains (TLDs), including “.hiphop,” “.click,” “.game,” and “.audio,” which belong to domain name system (DNS) company Uni Registry. & Naming (UNR). UNR will auction 23 of these top-level domain names, and the winner will get both the domain name and the NFT representing the ENS version. NFTs are part of the mechanism to easily allow TLD owners to control the TLD on ENS. (CoinDesk)
The data shows that the value of locked collateral on the chain rose from US$51.866 billion to US$60.136 billion last week, a week-on-week increase of 15.9%; the previous week (4.6-4.11) had a net increase of US$1 billion, and last week a net increase of US$8.27 billion, a month-on-month increase of 727% . Specifically, last week, ETH mortgages rose from 10.539 million to 10.967 million, an increase of 4%; BTC mortgages rose from 144,879 to 147,961, an increase of 2.1%.
5. Mining
(data from etherchain.org)
etherchain.orgFrom the perspective of individual projects, the top three lock-up values are: Compound $10.94 billion; Maker $9.35 billion; Aave $6.43 billion.
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4. News
The data shows that the average computing power increased by 4.3% month-on-month, temporarily reported at 526.9 TH/s; the average mining difficulty increased by 4.1% month-on-month, reaching 6720 T; the activity on the chain increased by 7% month-on-month; network congestion decreased slightly, and the total mining revenue A month-on-month decrease of 1.5%.
According to data from OKLink, the transaction fees of Ethereum continued to decline this month. In the past week, the average transaction fee for a single transaction on Ethereum was 0.007451 ETH/transaction, and the average Gas price was about 121 Gwei, down 42% and 45% respectively from the beginning of the month. And with the reduction of transfer fees, the income of miners has also decreased. Previously, transfer fees once accounted for more than 50% of miners' income, but recently the proportion has dropped to about 35%.
(1) Flashbots may have caused a large number of front-running trading robots to shut down, pushing the gas fee below 70 Gwei
Flashbots is a research and development institution that aims to reduce the negative external impact and risks of the smart contract blockchain caused by miners' extractable value (MEV). That means the optimal Gas fee auction "Priority Gas Auctions" robot) to attack, resulting in a large number of such robots being shut down.
(2) Flashbots March Transparency Report: About 58% of the Ethereum computing power of 12 mining pools supports Flashbots
Flashbots research and developer Stephane Gosselin pointed out in the Flashbots March Transparency Report that Flashbot searchers submitted more than 4 million Flashbots Bundles in March, an increase of 666% from the previous month, and a total of 90 active MEV (miner extractable value) searchers successfully listed on 5,423 Flashbots Bundles were completed on the chain and mined by 8 different mining pools, while in February, there were only 23 active MEV searchers. In addition, miners earn an average of 0.2 ETH extra income on each Flashblock (the block containing Flashbots Bundle), a quarter-on-quarter increase of 313%. Among them, the most profitable Flashbots Bundle pays a lucky miner 101.11 ETH as a transaction package reward. The total number of Ethereum blocks including Flashbots Bundle transactions in the entire network increased from 0.83% in early March to 13.9% on April 1, an increase of 16 times. In addition, more than 58% of Ethereum's computing power (with 12 mining pools participating) is currently mining on Flashbots.
(3) The open interest of Ethereum options is close to 3.6 billion US dollars, a record high
According to data from The Block Research, Ethereum options open interest reached an all-time high on Thursday at $3.57 billion, with Deribit accounting for 95% at $3.39 billion and the rest coming from OKEx. Overall, ethereum options open interest is up 393 percent this year, rising from $755 million on Jan. 1 to a high on Thursday.
(4) The circulation of USDT on the TRON public chain has reached 23.9 billion, surpassing that of Ethereum
(5) Rothschild Investment Company has purchased Grayscale Ethereum Trust Fund worth $4.75 million
