ETH Weekly | Ethereum Arrow Glacier upgrade will be carried out on December 8; Ethereum will complete the PoS merger in June next year (10.11~10.18)
Author | Qin Xiaofeng
Editor | Hao Fangzhou
Produced | Odaily
1. Overall overview
Author | Qin Xiaofeng
secondary title
Second, the secondary market
1. Spot market
In terms of the secondary market, the current ETH price may pull back slightly in the short term, with a support level of $3,500 and a resistance level of $4,000.
(ETH daily chart, picture from OKEx)
According to OKEx market data, the price of ETH once rose to US$3,970 last week, and closed at US$3,787 during the week, a month-on-month increase of 6.5%.
2. Large transaction
OKlink dataThe daily chart shows that the price is blocked at $4,000, but it is still stable above $3,500, and it is expected to hit the $4,000 mark again in the short term; the support level is $3,400, which is the intersection of the 60-day moving average and the 30-day moving average; if If it falls below $3,400, it may fall further to the $3,000 line.
3. Rich list address
OKlink dataIt shows that the number of on-chain transfers decreased slightly last week, with "above 1,000 ETH" and "above 2,000 ETH" decreasing by 3.27% and 6.2% month-on-month, respectively, but the number of "above 5,000 ETH" transfers increased by 40% month-on-month. Significant decline, large whale trading enthusiasm increased significantly.
3. Ecology and technology
1. Technological progress
OKlink data
1. Technological progress
2. Voice of the Community
(2) The Arrow Glacier upgrade of Ethereum will be carried out on December 8, and the difficulty bomb plan will be postponed to June next year
3. Project trends
According to official news, the Ethereum expansion program Polygon recently announced the launch of the "Swap For Gas" function, which allows users to exchange ETH, DAI or USDT for MATIC tokens on the Polygon PoS network with zero Gas fees when there is no MATIC token in their wallets. The exchange amount is at least 1 MATIC, and the upper limit is 20MATIC. In the future, more token exchange support on the Polygon PoS network will be implemented.
V God: Ethereum can surpass Bitcoin as a store of value asset
Ethereum co-founder Vitalik Buterin was recently asked in an interview whether he could see Ethereum surpassing Bitcoin not only in price value, but as a store of value asset, he simply answered “it Yes", and said: "I think the biggest difference between Ethereum and Bitcoin is that Bitcoin is a platform, and the value of the ecosystem comes from the value of the currency, while in Ethereum, the value of the currency comes from the value of the ecosystem ... especially after EIP1559, when fees are burned, this becomes a reality in a more immediate economic sense." When asked if The DAO will be the next one in the cryptocurrency ecosystem with the success of DeFi and NFT And the emerging department, V God said: "I think over time, DAO will definitely become more important. In terms of what is still missing in the DAO field, I don't think any of it is a big thing, but more Small things.” In addition, V God believes that from a cultural perspective, NFTs are interesting because they bring people into Ethereum, and their way of thinking is completely different from DeFi and ordinary cryptocurrency people. (Cointelegraph)
(1) Polygon launched "Swap For Gas", which can exchange ETH, DAI or USDT for MATIC with zero gas fee
According to official news, the Ethereum expansion program Polygon recently announced the launch of the "Swap For Gas" function, which allows users to exchange ETH, DAI or USDT for MATIC tokens on the Polygon PoS network with zero Gas fees when there is no MATIC token in their wallets. The exchange amount is at least 1 MATIC, and the upper limit is 20MATIC. In the future, more token exchange support on the Polygon PoS network will be implemented.
(2) Fixed-rate lending agreement Pledge Finance will integrate Polygon
Fixed-rate lending protocol Pledge Finance will integrate Polygon to remove market risk for crypto asset traders in the Ethereum ecosystem.
(3) On-chain option protocol Pods has been launched on the Ethereum mainnet
The on-chain option protocol Pods announced that it has launched the Ethereum mainnet, and has opened an ETH:USDC put option liquidity pool with an expiration date of November 26 and an exercise price of $3,200.
Pods is an on-chain option protocol, with investors including Boost VC, Framework Ventures, P2P Capital, BitScale, Zeeprime, The LAO, etc. Pods includes two core components, Options Instrument and Options AMM, allowing users to create put options and call options, and trade them through the option AMM, which updates the option price with the Black-Scholes algorithm, and automatically according to the supply and demand situation Update implied volatility.
(4) ConsenSys acquires the supply chain platform Treum and its NFT platform
Founded in 2016, Treum has received investment from ConsenSys by leveraging the Ethereum blockchain to bring transparency, traceability and tradability to the supply chain.
4. Borrowing
Defipulse(5) The multi-signature wallet Gnosis Safe is launched on Arbitrum, the second-layer solution of Ethereum
4. Borrowing
5. Mining
(data from etherchain.org)
etherchain.orgFrom the perspective of a single project, the top three lock-up values are: Aave 15.63 billion US dollars; Maker 15.13 billion US dollars; Curve 13.96 billion US dollars.
4. News
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Coinbase will launch Coinbase NFT, a peer-to-peer NFT market at the end of the year, for users to mint, buy, sell and share NFT. It can also help creators, collectors and fans build communities, and the early access application channel is currently open. Coinbase NFT will initially be provided to users in the United States, and will expand to other regions in the future. In addition, Ethereum ERC-721 and ERC-1155 standard tokens will be supported at the beginning of the release, and multi-chain support will be provided later. (CoinDesk)
(data from etherchain.org)
The data shows that the average computing power increased by 3% month-on-month, temporarily reporting 755TH/s; the average mining difficulty increased by 2% month-on-month, temporarily reporting 9641T; the activity on the chain decreased by 4% month-on-month, and the total mining revenue rose slightly by 0.75% month-on-month.
4. News
(1) Coinbase will launch the NFT market Coinbase NFT at the end of the year
