ETH Weekly | The expansion plan Optimism plans to open the whitelist to more projects; Grayscale currently holds more than 3 million Ethereum (8.16~8.22)
Author | Qin Xiaofeng
Editor | Hao Fangzhou
Produced | Odaily
1. Overall overview
Optimism, the second-tier expansion plan of Ethereum, announced that it will open whitelist qualifications to more projects. Any eligible project can submit an application and obtain whitelist qualifications within two weeks, so that they can be deployed on the Optimism network. The Optimism team stated that the conditions are not yet in place to completely remove the whitelist, and the team also plans to carry out a major upgrade within the next three months.
In terms of the secondary market, the current ETH price may pull back slightly in the short term, with a support level of $3,100 and a resistance level of $3,500.
Second, the secondary market
1. Spot market
secondary title
(ETH daily chart, picture from OKEx)
The daily chart shows that the price is on the middle track of the Bollinger Band, with the support level at $3,000 and the middle track of the Bollinger Band at $3,100; the upper resistance level is the upper track of the Bollinger Band at $3,500, and it is expected to hit this point again in the short term.
In terms of the secondary market, the current ETH price may pull back slightly in the short term, with a support level of $3,100 and a resistance level of $3,500.
(BiNuNiu)
According to OKEx market data, the price of ETH once rose by more than 3,300 US dollars last week, and closed at 3,180 US dollars during the week, a month-on-month increase of 1%.
3. Large transaction
OKlink data(ETH daily chart, picture from OKEx)
OKlink data(BiNuNiu)
3. Ecology and technology
1. Technological progress
(1)EthereumIn terms of funds, the largest single-day net inflow of the main positions was 31 million US dollars (Saturday), and the largest single-day net outflow was 7 million US dollars (Sunday); ETH's main positions increased by 115 million US dollars last week, a month-on-month increase of 182%; in the coming week, The price level will continue to remain volatile.
3. Large transaction
OKlink data
2. Voice of the Community
3. Ecology and technology
Ethereum
The core developers of Ethereum held a conference call on August 20. Tim Beiko, the chief developer of Ethereum, updated the content of the meeting and said that basically all teams agreed that in addition to the consensus changes for the merger of Eth1 and Eth2, they had other important issues. Things need to be done in the next few months. Most of these are things that clients need to be in a better position for the merge itself: performance optimizations, better separation of consensus engines, etc. Given this, participants agreed not to do a "feature fork" in December. This means that the difficulty bomb may be delayed, and other "one line" changes may be added, but the new EIP will not be included until merged. It is reported that the Ethereum London upgrade incorporated EIP-3554, delaying the difficulty bomb until December.
3. Project trends
(2) Ethereum 2.0 client Lodestar releases Eth2 light client prototype
The Ethereum 2.0 client Lodestar released the Eth2 light client prototype. The prototype connects to the backend to advance the state using blocks that have not been agreed upon by validators, enabling testing of the consumer layer at low resource cost, while it also exposes the ability to request proofs based on the currently synchronized state Root (state root) for verification.
2. Voice of the Community
Optimism, the second-tier expansion plan of Ethereum, announced that it will open whitelist qualifications to more projects. Any eligible project can submit an application and obtain whitelist qualifications within two weeks, so that they can be deployed on the Optimism network. The Optimism team stated that the conditions are not yet in place to completely remove the whitelist, and the team also plans to carry out a major upgrade within the next three months.
3. Project trends
The Cryptopunk development team, Larva Labs, announced that Cryptopunk has been fully linked to the Ethereum chain. The various attributes (hairstyles, glasses, beards, hats, etc.) and images of Cryptopunk have been put on the Ethereum chain for users to query on Etherscan.
The decentralized exchange aggregator 1inch announced that it has been deployed on Optimistic Ethereum, the Layer 2 expansion solution of Ethereum. 1inch said that this will greatly increase transaction speed and help reduce Gas costs. Previously, 1inch has been deployed on Ethereum, Binance Smart Chain and Polygon.
4. Borrowing
Defipulse(3) Optimism, the Ethereum expansion plan, plans to open whitelist qualifications to more projects
(5) The development team Larva Labs announced that Cryptopunk is fully on-chain
5. Mining
(data from etherchain.org)
etherchain.org(6) Lido, the Ethereum 2.0 pledge protocol, cooperates with SushiSwap to launch the wstETH/DAI liquidity pool
4. News
Lido, the Ethereum 2.0 pledge agreement, announced that it will jointly launch the wstETH/DAI liquidity pool with SushiSwap, and provide liquidity mining rewards. The liquidity pool will provide mining rewards of 200,000 LDO and 45-135 million SUSHI in the first month.
4. Borrowing
From the perspective of a single project, the top three lock-up values are: Aave $15.81 billion; Instadapp $12.1 billion; Curve $11.28 billion;
image description
(data from etherchain.org)
The data shows that the average computing power increased by 3.3% month-on-month, temporarily reported at 628TH/s; the average mining difficulty increased by 4.1% month-on-month, temporarily reported at 8075T; the activity on the chain increased by 3.3% month-on-month; Burned, the total mining revenue decreased by 1.7% month-on-month.
4. News
(1) Data: The number of ETH burned exceeded 75,000
Ultrasound.money data shows that as of 0:00 on the 23rd, the number of ETH destroyed has exceeded 75,000, which is about 238 million US dollars; currently, the 24-hour destruction rate of the Ethereum network is 3 ETH/minute.
