ETH Weekly Report | In the first half of the year, the growth rate of ETH transaction volume far exceeded that of BTC; the number of Ethereum validator nodes exceeded 200,000 (7.26~8.1)

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)

(ETH daily chart, picture from OKEx)

2. Fund flow

(BiNuNiu)

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3. Large transaction

OKlink dataIn terms of funds, the largest net inflow of main positions in a single day was 55 million U.S. dollars (Thursday); ETH’s main holdings increased by 216 million U.S. dollars last week, a month-on-month increase of 3974%. In the coming week, the price level may continue to rebound.

OKlink dataIt shows that the number of transfers on the chain rose slightly last week, and the number of transfers of "above 1000 ETH", "above 2000 ETH" and "above 5000 ETH" increased by 0.59%, 0.33% and 6.88% month-on-month respectively, and the activity of giant whales remained basically stable.

3. Ecology and technology

1. Voice of the Community

OKlink data

3. Ecology and technology

2. Project trends

1. Voice of the Community

CoinFlip founder: Ethereum price will grow faster than Bitcoin

2. Project trends

Sorare, an Ethereum-based fantasy football game, has recently launched the StarkEx mainnet, a layer-2 expansion solution. More than 35,000 transactions have been settled. StarkEx provides Sorare with fast settlement and seamless experience.

(1) The transaction aggregation protocol OpenOcean launched the OOE pledge pool on Ethereum

Official news, OpenOcean, a cryptocurrency trading aggregation protocol, announced that the OOE pledge pool will be launched on Ethereum at 10:00 AM on July 27, and will end at 10:00 AM on August 26. Users can pledge OOE to earn OOE, a total of Provide 100,000 OOE rewards, calculated and distributed by block.

(2) The fantasy football game Sorare has launched the second-tier expansion plan StarkEx main network

(3) Stoner Cats, an NFT animation series in which V God participated, sold out in 35 minutes

The StarkEx 3.0 mainnet, the second-tier expansion solution of Ethereum, is officially launched, including two new functions of L1 Vaults and SHARP. Through L1 Vaults, StarkEx users can interact with Ethereum addresses, especially smart contract addresses. L1 Vaults allows depositing funds into any Ethereum address, issuing limit orders and withdrawing funds through smart contracts; SHARP (SHARed Prover) Collects transactions from several StarkEx-powered applications and packages them into a single proof, which improves gas usage per transaction and enables faster transaction confirmation.

The NFT animation series Stoner Cats launched by actress Mila Kunis went on sale on July 28, each priced at 0.35 ETH, with a cap of 10,420 NFTs, and another 3,000 new NFTs will be released in the first season. In addition, it also led to an increase in gas costs.

It is reported that StonerCats is an animation series launched by Mila Kunis, dubbed by voice actors such as Chris Rock, Ashton Kutcher and Seth McFarlane, and Vitalik Buterin, founder of Ethereum, also dubbed a cat named Catsington. (cointelegraph)

(4) The StarkEx 3.0 mainnet launch of the second-layer expansion plan of Ethereum

The StarkEx 3.0 mainnet, the second-tier expansion solution of Ethereum, is officially launched, including two new functions of L1 Vaults and SHARP. Through L1 Vaults, StarkEx users can interact with Ethereum addresses, especially smart contract addresses. L1 Vaults allows depositing funds into any Ethereum address, issuing limit orders and withdrawing funds through smart contracts; SHARP (SHARed Prover) Collects transactions from several StarkEx-powered applications and packages them into a single proof, which improves gas usage per transaction and enables faster transaction confirmation.

(6) Livepeer, a decentralized video transcoding platform on Ethereum, completed its B round of financing of US$20 million, led by DCG

Tenderly, an Ethereum development platform, completed its Series A financing of US$15.3 million. Accel led the investment, and Point Nine Capital, Version One, etc. participated in the investment. The funds raised will be further used to develop products and establish new development standards within the Ethereum ecosystem. It is reported that Tenderly has previously completed a US$3.3 million seed round of financing, led by Point Nine Capital and participated by Version One. Tenderly aims to build a new generation of Ethereum developer platform, providing developers with services such as smart contract real-time monitoring, contract deployment and testing environment.

3. Borrowing

DefipulseLivepeer, a decentralized video transcoding platform based on Ethereum, announced the completion of a $20 million Series B round of financing, led by Digital Currency Group (DCG), with participation from Coinbase Ventures, CoinFund, and Northzone. In a press statement, CoinFund CEO Jake Brukhman said: “By creating an open marketplace run by a decentralized network of active participants, Livepeer can transcode 10% cheaper than centralized alternatives like Amazon Web Services. times (or more)."

The data shows that the value of locked-up collateral on the chain rose from US$61.223 billion to US$70.484 billion last week, an increase of 15.12% a week; the net increase of US$6.665 billion in the previous week (July 19-July 25) was a net increase of US$9.261 billion last week, a month-on-month increase of 38.9% . Specifically, ETH mortgages rose from 9.572 million to 9.751 million last week, an increase of 1.8%; BTC mortgages rose from 186,335 to 191,483, an increase of 2.7%.

4. Mining

(data from etherchain.org)

etherchain.orgFrom the perspective of a single project, the top three locked positions are: Aave 13.33 billion US dollars; Instadapp 9.21 billion US dollars; Compound 9.11 billion US dollars.

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4. News

(data from etherchain.org)

The data shows that the average computing power increased by 1.1% month-on-month, temporarily reporting 555.8TH/s; the average mining difficulty increased by 4.2% month-on-month, temporarily reporting 7324T; the activity on the chain increased by 11% month-on-month; An increase of 5.6% month-on-month.

On July 28, Vogu’s NFT auction triggered a surge in Gas fees on Ethereum. According to Will Sheehan, founder of Parsec Finance, the transactions generated by Vogu’s NFT auction in nearly 15 minutes after the start accounted for more than 100% of Ethereum gas fees during this time period. 83% of the number of transactions included in the block, with fees amounting to $2 million.

4. News

(1) Data: ETH transaction volume in the first half of 2021 increased by 1461% year-on-year, far exceeding BTC

According to the Coinbase Institutional 2021 first-half review report released by cryptocurrency exchange Coinbase, in the first half of this year, the transaction volume of Ethereum grew faster than that of Bitcoin. The report acknowledged that the first half of the year was one of the most active ever for cryptocurrencies, with record highs in terms of price, user adoption and transaction activity. Data obtained by the report from 20 exchanges around the world shows that during this period, the trading volume of Bitcoin reached 2.1 trillion US dollars, which is a 489% increase from 356 billion US dollars in the first half of last year. Ethereum’s total transaction volume hit $1.4 trillion, but it’s growing faster, up 1,461% from $92 billion in the first half of 2020. For the first time ever, Coinbase said. (Cointelegraph)