ETH Weekly | Ethereum Arrow Glacier upgrade will be carried out on December 8; ENS open governance token airdrop claim (11.8 ~ 11.14)
Author | Qin Xiaofeng
Editor | Hao Fangzhou
Produced | Odaily
1. Overall overview
Author | Qin Xiaofeng
1. Overall overview
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 support at $4,500, $4,328, and resistance at $4,800.
Second, the secondary market
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2. Large transaction
OKlink data2. Large transaction
3. Rich list address
OKlink data3. Rich list address
3. Ecology and technology
1. Technological progress
（1）OKlink data
It shows that the current top 300 ETH holdings hold a total of 53.25% of ETH, an increase of 0.02% month-on-month; in addition, the entire position distribution presents an oval structure, and the proportions of each part are: 1st to 100th, accounting for 39.23%, A month-on-month decrease of 0.14%; 101st to 300th, accounting for 14.02%, up 0.17% month-on-month; 301st to 500th, accounting for 6.33%, the same as last week; 501st to 1000th, accounting for 7.36%, same as last week It remained the same; after the 1001st place, it accounted for 33.08%, a decrease of 0.03% from the previous month.
The Ethereum Arrow Glacier upgrade will be carried out on December 8th, and nodes must complete the upgrade before December 5th
2. Voice of the Community
The Ethereum client Geth released version v1.10.12, which includes the Arrow Glacier hard fork upgrade. The hard fork upgrade is expected to be carried out on December 8, and the difficulty bomb plan is postponed to the summer of 2022. The new release also supports the new PoW testnet Sepolia, which was conceived during the merged interop in Athens, with the aim of replacing Ropsten as the main cross-client testnet after the merger. The release also includes a brand new call tracer implemented in Go that is 2.5 times faster than the current call tracer.
3. Project trends
ConsenSys: Ethereum's transition from PoW to PoS consensus will reduce carbon footprint by 99.9%
3. Project trends
(1) zkSync development company Matter Labs completes USD 50 million in Series B financing, led by a16z
Matter Labs, a development company for zkSync, a Layer 2 solution for Ethereum, announced the completion of a US$50 million Series B round of financing led by Andreessen Horowitz (a16z). Other investors include Placeholder, Dragonfly, 1kx, Blockchain.com, Crypto.com, Consensys, ByBit, OKEx, Alchemy, Covalent. In addition, the founders and leaders of AAVE, Paraswap, Lido, Futureswap, Gnosis, Rarible, Aragon, Liquity, Celer, Connext, Perpetual, Euler, Opium and other projects participated in the investment. Matter Labs intends to use the funding to expand its science and engineering teams and to fund the growth of its business.
Polygon, the Ethereum Layer 2 network, announced a partnership with Alchemy Pay, a provider of cryptocurrency and fiat currency hybrid payment gateway solutions. Alchemy Pay will add fiat currency payment entrance to the Polygon network. Polygon said that more than 4,000 custody applications in its DeFi ecosystem can now use fiat currencies to conduct transactions on its DeFi applications through traditional financial payment platforms (such as Visa, Mastercard, PayPal) and multiple local payment channels around the world.
(3) The average handling fee for receiving ENS tokens exceeds USD 130
On November 9th, the Ethereum domain name service ENS announced the release of its governance token ENS and the opening of airdrop claims. According to the data of Okey Cloud Chain masters, after the application of ENS governance tokens is open, the average application fee is 0.028 ETH, which is about 135 US dollars.
(4) Discord may be internally testing the function of linking Ethereum addresses
According to screenshots displayed on social media by Discord founder and CEO Jason Citron, Discord may be testing the function of linking Ethereum addresses. According to community members' speculation, after linking the Ethereum address, Discord will support users to display their NFT collection.
(5) Ethereum PoS infrastructure service Rocket Pool has been launched on the mainnet
The Ethereum PoS infrastructure service Rocket Pool has launched its mainnet at 8:00 on November 9, Beijing time. Rocket Pool said that the main network will be gradually opened in four stages. Each stage will set a pledge upper limit, which is 480 ETH, 1440 ETH, and 4320 ETH. The amount of pledge will be limited.
(7) The cumulative trading volume of 0x exceeded 100 billion US dollars
Optimism, the Ethereum layer-2 expansion solution, announced the completion of the EVM (Ethereum Virtual Machine) equivalence upgrade. EVM equivalence will be fully consistent with the EVM specification rather than just compatible, which can simplify the development process for developers and reduce transaction costs. Optimism has merged OVM 2.0 changes into its main branch on November 11. Other major improvements in OVM 2.0 include: contracts whose source code has not been verified by Etherscan will be cleared along with their storage, contracts whose source code has been verified will be Recompiled with a standard Solidity compiler, EOA will no longer be a contract wallet, etc.
4. Borrowing
DefipulseThe decentralized trading protocol 0x announced that the cumulative transaction volume exceeded US$100 billion, the transaction volume of 0x API exceeded US$50 billion, and the transaction volume of Matcha exceeded US$25 billion. 0x API is a decentralized financial stack. Currently, API services based on Ethereum, Binance Smart Chain, Polygon, Avalanch, Fantom, etc. have been launched. Matcha is an end-to-end trading platform launched by 0x, which can provide users with a safe, fast and convenient cryptocurrency trading experience, and introduce more users to the DeFi ecosystem on the retail side.
The data shows that the value of locked-up collateral on the chain rose from US$105.69 billion to US$111.5 billion last week, an increase of 5.4% a week; the net increase of US$6.79 billion in the previous week was a net increase of US$5.81 billion last week, a month-on-month decrease of 14.5%. Specifically, last week, ETH mortgages rose from 6.483 million to 6.533 million, a slight increase of less than 1%; BTC mortgages rose from 215,659 to 220,114, an increase of 2%.
5. Mining
(data from etherchain.org)
etherchain.org5. Mining
4. News
(data from etherchain.org)
The data shows that the average computing power rose by 4.6% month-on-month, temporarily reporting 843.5TH/s, a record high; the average mining difficulty rose by 6% month-on-month, temporarily reporting 11015 T, a new record high; the activity on the chain decreased by 0.6% month-on-month, The total mining revenue decreased slightly by 0.2% month-on-month.
(1) ConsenSys report: The Ethereum Web 3.0 ecosystem continues to expand, with 3.4 million addresses interacting with DeFi protocols
