ETH Weekly | The first anniversary of the launch of the Ethereum Beacon Chain; the investment company KSM submits an Ethereum futures ETF application to the SEC (11.29~12.5)
Author | Qin Xiaofeng
Editor | Hao Fangzhou
Produced | Odaily
1. Overall overview
Author | Qin Xiaofeng
Editor | Hao Fangzhou
1. Overall overview
Second, the secondary market
1. Spot market
On the same day, V God tweeted to celebrate the birth of the beacon chain, and released an updated roadmap, saying that the new version of the roadmap shows the current status of the development of the Ethereum protocol and the order of future development.
In terms of the secondary market, the current ETH price may pull back slightly in the short term, with support at $4,000, $3,750, and resistance at $4,274.
According to OKEx market data, the price of ETH fell below $3,500 last week, and closed at $4,071 during the week, down 1% month-on-month.
2. Large transaction
OKlink dataThe daily chart shows that the price is currently moving below the Bollinger Band, with the resistance at $4,274 on the mid-track, and may continue to fall below $4,000 in the short term; if it falls below $4,000, the next support level is $3,750 (120-day moving average ).
3. Rich list address
OKlink dataIt shows that the number of on-chain transfers rose sharply last week, with "above 1000 ETH", "above 2000 ETH" and "above 5000 ETH" rising by 67%, 63%, and 61% month-on-month respectively. The enthusiasm for large-amount giant whale transactions has increased significantly.
3. Ecology and technology
1. Technological progress
3. Rich list address
OKlink data
It shows that the current top 300 ETH holdings hold a total of 53.39% of ETH, a month-on-month decrease of 0.08%; in addition, the entire position distribution presents an elliptical structure, and the proportions of each part are: 1st to 100th, accounting for 39.42%, A month-on-month decrease of 0.09%; 101st to 300th, accounting for 13.97%, basically the same; 301st to 500th, accounting for 6.3%, a month-on-month increase of 0.02%; 501st to 1000th, accounting for 7.33%, a month-on-month decrease of 0.01% ; After the 1001st place, accounting for 33%, a month-on-month increase of 0.04%.
1. Technological progress
According to data from Okey Cloud Chain masters, as of December 3, the Ethereum 2.0 deposit contract address has received 8.502 million ETH, accounting for 7.24% of the ETH supply. On the first anniversary of the launch of the Ethereum Beacon Chain, there are more than 264,200 verification nodes on the Beacon Chain, and 56,393 addresses participating in ETH2.0 pledge.
On the same day, V God tweeted to celebrate the birth of the beacon chain, and released an updated roadmap, saying that the new version of the roadmap shows the current status of the development of the Ethereum protocol and the order of future development.
(2) The Ethereum Arrow Glacier upgrade is expected to take place on December 10
The data shows that the Arrow Glacier upgrade of Ethereum is expected to be carried out at 3 am on December 10 (block height 13,773,000), and the nodes need to complete the upgrade. It is reported that the Arrow Glacier network upgrade is similar to Muir Glacier, changing the parameters of the ice age/difficulty bomb, delaying it by several months.
(3) Ethereum developers: Calculated based on the amount of ETH pledged by the current Ethereum 2.0 contract, it is necessary to destroy more than 10 billion US dollars for reorganization attacks after the merger
Block structure: Beacon chain blocks will contain ExecutionPayloads, which are the merged equivalent of blocks on the current proof-of-work chain. ExecutionPayloads is where the interaction with Ethereum takes place.
2. Voice of the Community
BLOCKHASH and DIFFICULTY opcode changes: The BLOCKHASH opcode will be less pseudo-random and the DIFFICULTY opcode will be updated and renamed to RANDOM.
Average block time: currently about 13 seconds, reduced to 12 seconds after the merger.
2. Voice of the Community
3. Project trends
According to official news, Tornado.Cash, the Ethereum privacy trading platform, plans to deploy to Arbitrum. Tornado’s smart contracts are all set up and just need the help of the community to deploy and launch. Previously, Tornado.Cash has been successfully deployed to BinanceSmartChain, Polygon, xDAIChain and Avalanche.
For non-technical users, the self-bootstrap provides them with tasks such as setting up the consensus layer client, reporting failures, and sending transactions; for technical users, they can choose goals such as running their own validators, deploying and testing contracts, building their own The testnet, while highly skilled users can review the specification, propose invalid blocks, and split invalid blocks by voting. The project asks all participants to document as much of their work as possible and share it online on Twitter under the hashtag #TestingTheMerge. Wijden also pointed the community to the Ethereum R&D Discord channel to maintain communication throughout the beta project. (Cointelegraph)<>3. Project trends
(1) The Ethereum privacy trading platform Tornado.Cash plans to deploy to Arbitrum
(2) ZK Rollup expansion solution StarkNet Alpha launched on the Ethereum mainnet
StarkNet Alpha, the Ethereum Rollup expansion solution launched by StarkWare, is launched on the Ethereum mainnet. StarkNet is a permissionless decentralized Ethereum L2Rollup scaling solution. StarkNet is based on a secure and scalable cryptographic proof system - STARK, which allows dApps to achieve computational scale without compromising composability and security. StarkNet is built on top of the Cairo programming language, both Cairo and STARK are developed internally by StarkWare and power production-grade applications. Among other features, StarkNet Alpha supports general-purpose computing smart contracts, enabling StarkNet contracts to pass L1
The launch of StarkNet Alpha on the Ethereum mainnet means that developers can deploy contracts on StarkNet, and users can send transactions to these contracts. Each StarkNet block is proven and verified on the chain, and applications can be infinitely expanded and L1 security maintained. This is an alpha release and the network is still under development. The team is constantly adding features, fixing bugs and improving it. In the coming weeks and months, the team will be upgrading the Alpha on the following features: contract upgrade mechanism; fee mechanism; adding system calls (get_block_number, get_block_timestamp, etc.).
According to the latest data, BookLocal-Hotel Booking, the NFT asset of the metaverse digital world project Decentraland, was sold for 210,000 MANA, worth about 1.08 million U.S. dollars. Currently ranked first is Fashion Street Estate with a transaction volume of US$2.42 million (618,000 MANA); the third is Decentraland #4247 with a price of about US$914,000; the fourth is Premium Estate with a selling price of About $709,000.
It’s official, the Uniswap community launched a governance proposal proposing to start incentivizing the liquidity of its Arbitrum and Optimism deployments to kick-start the adoption of Ethereum’s Layer 2. The proposal seeks to achieve two goals: initiate L2 adoption by incentivizing users to transition their activity to L2; and provide deep liquidity for key trading pairs on L2. The proposal is currently in the consensus check phase.
Perpetual Protocol v2 integrates and innovates with Uniswap v3, improving the capital efficiency of liquidity providers (LPs), while allowing them to leverage the trading volume generated by perpetual futures on DEX. DeFi protocols such as Visor Finance, Popsicle Finance, and Teahouse Finance will launch their managed LP services for v2 shortly after the launch of the new mainnet. (Cryptoslate)
(6) Perpetual Protocol v2 was released on Optimism, the second-layer expansion solution of Ethereum
4. Borrowing
DefipulseThe decentralized perpetual futures exchange Perpetual Protocol was released on Optimism, the second-layer expansion solution of Ethereum. The release of Perpetual Protocol v2 (called Curie) on the Optimism mainnet reduces transaction costs and speeds up transaction execution while relying on the security and decentralization of the Ethereum network.
4. Borrowing
5. Mining
(data from etherchain.org)
etherchain.orgFrom the perspective of individual projects, the top three lock-up values are: Maker $18.52 billion; Curve $15.01 billion; AAVE $11.39 billion.
4. News
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The data shows that the average computing power increased by 4.5% month-on-month, temporarily reported at 892TH/s; the average mining difficulty increased by 5.8% month-on-month, temporarily reported at 11608T; the activity on the chain increased by 16% month-on-month, and the transaction enthusiasm increased significantly. down 1.2%.
According to the data from the masters on the Okey Cloud chain, the income of Bitcoin miners in November was approximately US$1.69 billion, a decrease of 1.93% from the US$1.72 billion in October; block rewards accounted for 98.55%. During the same period, the revenue of Ethereum miners was approximately US$1.97 billion, an increase of 11.66% from the US$1.76 billion in October.
(1) Kelly Strategic Management submits an Ethereum futures ETF application to the US SEC
