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ETH Weekly | AMC Cinemas plans to accept ETH payments at the end of the year; Ethereum expansion plan Optimism will double the throughput limit of the main network (9.13~9.21)

秦晓峰
Odaily资深作者
@QinXiaofeng888
This article is about 3975 words, reading the full article takes about 6 minutes
The ETH balance of the centralized exchange fell to a new low this year.
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The ETH balance of the centralized exchange fell to a new low this year.

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

image description

(ETH daily chart, picture from OKEx)

The daily chart shows that the price fell near the 120-day moving average, and may rebound to $3,000 in the short term, but there is still a high probability of continuing to fall again. The next support level is at the 200-day moving average, which is temporarily reported at $2,600; If it breaks, it may fall further to the $2,000 line.

image description

OKlink dataIn terms of funds, the largest single-day net inflow of the main positions was 91.8 billion US dollars (Tuesday), and the largest single-day net outflow was 68 million US dollars (Monday); ETH’s main positions last week decreased by 140 million US dollars, a month-on-month decrease of 205%; It will continue to fluctuate or rebound slightly.

OKlink dataIt shows that the number of transfers on the chain dropped sharply last week, and the number of transfers of "above 1000 ETH", "above 2000 ETH" and "above 5000 ETH" decreased by 31%, 21% and 21% month-on-month respectively, and the activity of giant whales remained basically stable.

3. Ecology and technology

1. Technological progress

OKlink data

3. Ecology and technology

2. Voice of the Community

1. Technological progress

Unknown attackers tried unsuccessfully to attack Ethereum by publishing long blocks containing invalid PoW

On September 14, Ethereum developer Marius VanDerWijden stated that someone tried to attack Ethereum by releasing long blocks (about 550) containing invalid PoW, but failed. Only some Nethermind nodes switched to this invalid chain, and all other clients rejected the long side chain because of invalidity. Van Der Wijden said that client diversity is another good proof that Ethereum is getting stronger, and node operators need not worry too much.

(1) YouTube influencer: ETH is preparing to rise above $10,000

3. Project trends

Cryptocurrency trader and YouTube influencer Lark Davis says ethereum is poised to rise 190% to reach five-figure prices. Davis told his YouTube subscribers that the second-largest crypto asset by market capitalization is poised to rise above $10,000 based on key fundamental factors. One of the reasons he thinks the price of ethereum will more than double is because of its declining supply on exchanges. According to Davis, supply on exchanges has trended strongly down over the past year, as holders either locked their ETH in decentralized finance (DeFi) protocols or used their ETH to buy NFTs. With the supply mechanism functioning normally, it is only a matter of time before the Ethereum supply crisis finally pushes the price significantly higher. (dailyhodl)

(2) Tim Beiko, developer of Ethereum: EIP-1559 research and development costs are lower than expected, returning more than $200,000 to Gitcoin

Ethereum developer Tim Beiko said they raised about $90,000 in Gitcoin grants when they started working on EIP-1559. With the price of ETH rising, donations from the Ethereum Foundation, and spending lower than expected, they returned over $200,000 and sent 56 ETH, 800 USDC, 500 USDT, etc. to Gitcoin’s CLR matching address. They have temporarily reserved about 70,000 DAI to pay for an upcoming EIP-1559 impact analysis.

3. Project trends

(1) The total lock-up volume of the Ethereum L2 network exceeded 3 billion US dollars, and Arbitrum ranked first with 2.2 billion US dollars

According to L2BEAT data, as of September 13, the total lock-up volume of Ethereum Layer 2 has exceeded 3 billion US dollars, of which the largest lock-up volume is the expansion program Arbitrum, which is about 2.2 billion US dollars (up to 3263.90% within 7 days), accounting for Bi reached 73.75%; followed by dYdX, with a lock-up volume of US$329.8 million, accounting for 10.89%; Optimism ranked third with a lock-up volume of US$155.7 million, accounting for 5.14%.

(2) The Ethereum expansion plan Arbitrum license-free token bridging function will be open to all projects on October 22

Arbitrum, the Ethereum expansion program, announced that its permission-free token bridging function will be open to all projects on October 22. This function will apply to the functions of basic ERC20 tokens and transferability on L1 and L2. Project parties or individuals deploy functions such as governance and snapshots on ERC20 tokens. Arbitrum said that the project party needs to confirm the functions to be deployed in advance, or expand from basic functions to include special functions such as governance and snapshots, and the upgrade process will be very complicated. In addition, before October 22, this function is only available to project tokens in the whitelist, and project parties can contact Arbitrum for early deployment.

(3) Optimism, the Ethereum expansion plan, doubles the throughput limit of the main network

On September 13, Optimism, the Ethereum expansion program, announced that it had just doubled the throughput limit of the main network, and could process up to 200,000 transactions per day before starting to limit higher gas prices.

(4) "Zignaly Bridge" will be launched soon, assets on Ethereum will be conveniently cross-chained to Solana

On September 14, Zignaly officially announced that the "Zignaly Bridge" connecting Ethereum and Solana will be unveiled soon. ZIG will soon be available on Solana's chain, enabling Zignaly to take advantage of a domain of efficient and highly scalable infrastructure. This is also the first time that Zignaly has chosen a public chain planned for the future, which will cover a range of uses: an NFT-based insurance agreement, aimed at launching other useful products for Zignaly users, to enhance the market model.

(5) Immutable, a second-tier NFT solution, completed a $60 million Series B round of financing

(6) zkTube, an Ethereum Layer 2 protocol based on ZK-Rollup, completed $15 million in financing, led by DASH Foundation

4. Borrowing

DefipulsezkTube, an Ethereum Layer 2 protocol based on ZK-Rollup, announced the completion of $15 million in financing, led by DASH Foundation, with participation from OneUni Capital, Amplio Capital (Bitmart), Chainfir Capital, YFund, and July Capital. It is reported that zkTube will participate in the recently launched blockchain online event ETHOnline as a sponsor, which has attracted projects such as IPFS, Uniswap, Compound, NEAR, Aztech, and Polygon to participate.

The data shows that last week, the value of locked-up collateral on the chain dropped from US$87.206 billion to US$74.118 billion, a decrease of 15% a week; down 22%. Specifically, the amount of ETH mortgages dropped from 7.277 million to 7.26 million last week, a drop of 1%; the amount of BTC mortgages dropped from 203,099 to 187,800, an increase of 7.5%.

5. Mining 

(data from etherchain.org)

etherchain.org5. Mining

4. News

image description

(data from etherchain.org)

The data shows that the average computing power rose by 2.7% month-on-month, temporarily reporting 729TH/s, and the computing power reached a new high; the average mining difficulty rose by 2.4% month-on-month, temporarily reporting 9247T; The month-on-month decrease was 8.3%.

4. News
(1) Nearly 600,000 ETHs have flowed out from centralized exchanges in the past week

According to the data of Okey Cloud Chain masters, in the past week, the number of Ethereum flowing out from centralized exchanges reached 595,000. The current balance of Ethereum on the centralized exchange is 10.3881 million ETH, and the balance has dropped to a new low this year.

(2) AMC CEO: AMC plans to accept ETH, LTC and BCH payments

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