ETH Weekly | Ethereum Foundation Launches Client Incentive Program; ConsenSys Launches ConsenSys Rollups to Provide Enterprise-Level Scalability for Financial Institutions and Others (12.13～12.19)
Author | Qin Xiaofeng
Editor | Hao Fangzhou
Produced | Odaily
1. Overall overview
Author | Qin Xiaofeng
secondary title
Second, the secondary market
1. Spot market
The Ethereum Foundation has announced the launch of the Client Incentive Program, which provides client teams with rewards denominated in ETH that unlock over time. Teams in the program will receive a total of 144 validator nodes (4608 ETH), each validator running on mainnet. Client teams eligible for the program include Besu, Erigon, Go-ethereum (geth), Lighthouse, Lodestar (50% stake), Nethermind, Nimbus, Prysm, Teku.
In terms of the secondary market, the current ETH price may pull back slightly in the short term, with support at $3,800, $3,500, and resistance at $4,150.
According to OKEx market data, the price of ETH once fell to US$3,650 last week, and closed at US$4,024,3950 during the week, a month-on-month decrease of 2%.
2. Large transaction
OKlink dataThe daily chart shows that the price is currently moving below the Bollinger Bands. The resistance level is the middle track of $4160, which is also the position of the 20-day moving average, and the resistance is strong; the support level is $3800 (the 120-day moving average), which continues to fall If it breaks, it is expected to find support around $3,500; if it continues to fall below $3,500, it may further drop to $3,000.
3. Rich list address
OKlink dataIt shows that the number of on-chain transfers dropped sharply last week, with "above 1000 ETH", "above 2000 ETH" and "above 5000 ETH" decreasing by 19.6%, 20.2%, and 17% month-on-month, respectively.
3. Ecology and technology
1. Technological progress
OKlink data
It shows that the top 300 ETH holdings currently hold a total of 53.37% of ETH, a month-on-month decrease of 0.11%; in addition, the entire position distribution presents an elliptical structure, and the proportions of each part are: 1st to 100th, accounting for 39.49%, 101st to 300th, accounting for 13.88%, down 0.13% from the previous month; 301st to 500th, accounting for 6.33%, up 0.02% from the previous month; 501st to 1000th, accounting for 7.2%, down 0.02 from the previous month %; after the 1001st place, accounting for 33.13%, a month-on-month increase of 0.11%.
1. Technological progress
On December 17, the Ethereum 2.0 testnet Kintsugi was launched. Kintsugi aims to incorporate new changesets and facilitate the implementation of The Merge.
3. Project trends
Founder of Galaxy Digital: ETH is a bet on technology, BTC is a bet against inflation
Despite BTC’s weak price action, Novogratz remains bullish on Bitcoin’s prospects, adding: “From the Middle East to across the U.S. to pension funds, there are new market players lining up to enter the crypto economy, institutional investors Waiting to participate. I think people are now realizing that crypto is an asset class. Bitcoin is part of a crypto portfolio. Even if the Fed starts to act more hawkish, the U.S. has a huge budget deficit and if it raises rates too quickly, it will would bring down the economy, and no one wants to do that, not even the chairman of the Fed.” (The Daily Hodl)
(1) The Ethereum Foundation announced the launch of the Client Incentive Program to provide client teams with rewards denominated in ETH
(2) The decentralized trading platform HashFlow launched public pools, which are currently in the testing stage
On December 15, the decentralized trading platform HashFlow launched public pools, aiming to allow ordinary users to use the pricing algorithms of institutional-level market makers. At present, the total TVL of public pools is set at 10 million US dollars, and the actual test is underway. After that, the project party will open access to some holders of HashFlow's official NFT. HashFlow said that it will soon support more addresses on the Ethereum chain to use public pools. (Hashflow)
(3) Ethereum mixer Tornado Cash launched a major upgrade
On December 15, the Ethereum-based privacy mixer Tornado Cash just received a major upgrade. On Wednesday, Tornado Cash announced the launch of the upgrade Nova, bringing the protocol to the xDai sidechain, allowing variable deposits and withdrawals, and supporting privacy-preserving “shielded” fund transfers to protocol pools. The protocol currently has over 150,000 ETH worth $580 million in its pool. (coindesk)
(4) Superfluid launched the Optimism and Arbitrum testnets, and will launch the mainnet in the future
According to official news, on December 16, the streaming payment protocol Superfluid announced the launch of the Optimism and Arbitrum testnets, and will launch the Optimism and Arbitrum mainnets in the future. At present, users can already conduct test interactions with applications in the Optimism and Arbitrum ecosystems, and the Superfluid contract will be fully compatible.
It is reported that Superfluid can create a payment flow and pay funds in real time without interruption without having to wait for the transaction to be fully confirmed. Superfluid has previously been running on the Ethereum, Polygon and xDAI mainnets.
According to official news, on December 16, Cosmos EVM Hub Evmos announced that it will launch the mainnet in mid-January 2022, and will then distribute airdrop rewards to active users of Ethereum and Cosmos ecology. The snapshot time is 19:00 UTC time on November 25, 2021.
It is reported that users who have used dozens of mainstream protocols such as AAVE, Uniswap, SushiSwap, Compound, Curve, OpenSea, MetaMask Swaps, ENS, Perpetual Protocol, and dYdX on Ethereum are eligible for airdrops.
In addition, users who have participated in governance on Cosmos Hub and some liquidity mining on Osmosis will also be eligible for airdrops.
On December 17th, Optimism announced today that it has canceled the whitelist. From today, anyone can freely deploy contracts and build applications on the Optimism system. Future upgrades will retain all status, transaction history and event data. Optimism official said: "The removal of the whitelist plus the completion of the EVM equivalent upgrade means that Optimism is more accessible than ever. Decentralization is a challenging and gradual process. Permissionless contract deployment takes us from truly open , Accessible, and positive Ethereum vision is one step closer." In November, Optimism announced the official launch of the EVM (Ethereum Virtual Machine) equivalent, which simplifies the development process for developers and reduces transaction costs. (yahoo)
4. Borrowing
Defipulse(7) Rainbowcity Foundation officially launched the DAO infrastructure project RainbowDAO protocol
4. Borrowing
5. Mining
(data from etherchain.org)
etherchain.orgFrom the perspective of individual projects, the top three lock-up values are: Maker $18.23 billion; Curve $14.28 billion; Aave $11.26 billion.
4. News
5. Mining
image description
(data from etherchain.org)
The data shows that the average computing power increased by 4.7% month-on-month, and it was temporarily reported as 920TH/s; the average mining difficulty increased by 4.2% month-on-month, and it was temporarily reported as 11621T; the activity on the chain decreased by 6% month-on-month, the transaction enthusiasm decreased slightly, and the total mining revenue rose month-on-month 2.5%.
Dune Analytics data shows that the number of Ethereum addresses that have traded on OpenSea has exceeded 800,000. At the same time, the number of Polygon addresses that have traded on OpenSea has exceeded 750,000.
According to reports, ConsenSys Rollups is an innovative modular software solution for permissioned blockchain applications, focused on providing scalability and privacy features, and can be connected to any block compatible with the Ethereum Virtual Machine (EVM) chain. Solutions built using ConsenSys Rollups can currently achieve throughputs of up to 10,000 transactions per second (TPS) on private chains, compared to 300 TPS on private chains and 15 TPS on Ethereum mainnet.
(2) The number of addresses with currency holdings greater than 0.01 ETH hit a record high
(3) Ethereum software company ConsenSys announced the launch of ConsenSys Rollups to provide enterprise-level scalability for financial institutions, etc.
Official news, Ethereum software company ConsenSys announced the launch of ConsenSys Rollups to provide leading financial institutions and other institutions with enterprise-level scalability, solving the key challenges of scalable applications on the Quorum technology stack. ConsenSys leveraged the expertise of Mastercard's engineering team to design the ConsenSys Rollups solution.
According to reports, ConsenSys Rollups is an innovative modular software solution for permissioned blockchain applications, focused on providing scalability and privacy features, and can be connected to any block compatible with the Ethereum Virtual Machine (EVM) chain. Solutions built using ConsenSys Rollups can currently achieve throughputs of up to 10,000 transactions per second (TPS) on private chains, compared to 300 TPS on private chains and 15 TPS on Ethereum mainnet.
