ETH Weekly | The total pledge amount of the Ethereum beacon chain network exceeds 10 million ETH; FlexPool prohibits Russian IPs from mining ETH (2.21~2.27)
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
In addition, Vitalik called on Twitter to provide support for local Ukrainians through UkraineDAO. According to its retweet, UkraineDAO stated that those who want to provide support can donate through Party Bid.
In terms of the secondary market, the current ETH price may pull back slightly in the short term, with a support level of $2,700 and a resistance level of $2,900.
According to OKX market data, the price of ETH once fell to around US$2,300 last week, and closed at US$2,809 during the week, a month-on-month increase of 6%.
2. Large transaction
OKlink dataThe daily chart shows that the price is currently on the lower track of the Bollinger Band, and the price may continue to test the $2,900 mark (the middle track of the Bollinger Band) in the short term; the lower support levels are $2,700, $2,500 and $2,300 (the previous low). The upper resistance levels are $2,900 and $3,000.
3. Rich list address
OKlink dataIt shows that the number of transfers on the chain increased sharply last week, and the "above 1000 ETH", "above 2000 ETH" and "above 5000 ETH" increased by 32.3%, 22.8% and 10% respectively from the previous month.
3. Ecology and technology
1. Technological progress
3. Rich list address
It shows that the current top 300 ETH holdings hold a total of 53.61% of ETH, an increase of 0.06% 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 39.97%, A month-on-month increase of 0.09%; 101st to 300th, accounting for 13.64%, down 0.03% month-on-month; 301st to 500th, accounting for 6.1%, basically the same; 501st to 1000th, accounting for 7.05%, basically the same; After the 1001st place, accounting for 33.26%, a decrease of 0.06% from the previous month.
2. Voice of the Community
3. Ecology and technology
1. Technological progress
2. Voice of the Community
As previously reported, Nadezhda Tolokonnikova, a political activist and founding member of the punk rock band Pussy Riot, announced the launch of Ukraine DAO with members of Trippy Labs (Trippy Jetpack DAO) and PleasrDAO. Ukraine DAO aims to raise funds for humanitarian relief by launching an NFT of the Ukrainian flag, and currently supports two charities: one is Come Back Alive, which has raised more than $5 million in cryptocurrency in the past few days; the other is Proliska, which mainly Helping residents near the contact line in eastern Ukraine.
3. Project trends
V God supports Ukraine: Ethereum is neutral, but I am not
V God (Vitalik Buterin) tweeted that Putin decided to abandon the peaceful settlement of the dispute with Ukraine and chose to go to war, which made Putin feel very disturbed. This is a crime against the people of Ukraine and Russia. I want to wish you all peace, although I know you won't feel safe right now. Glory to Ukraine. Ethereum is neutral, but I am not.
In addition, Vitalik called on Twitter to provide support for local Ukrainians through UkraineDAO. According to its retweet, UkraineDAO stated that those who want to provide support can donate through Party Bid.
3. Project trends
According to previous reports, Clesson Co., Ltd, the parent company of LABEL Foundation, received US$2 million in equity financing from eBest Investment & Securities Co., Ltd. and Groom Investments to further develop for musicians, content creators and fans NFT ecosystem.
It is reported that Connext, ZigZag, Orbiter, Composable, Hop Exchange, LayerZero, PolyNetwork, deBridge, Nomad will allow fast and low-cost transfer of tokens between zkSync 2.0 and other L1 and L2 protocols.
Users will be able to sign transactions and manage assets using most Ethereum wallets on zkSync 2.0, including Metamask, Argent, Numbio, MyKey, imToken.
(2) zkSync announced that the zkEVM test network has been launched
The Layer 2 network zkSync announced that the zkSync 2.0 public testnet is online. zkEVM has been released, the first EVM-compatible ZK Rollup on the Ethereum testnet.
It is reported that Connext, ZigZag, Orbiter, Composable, Hop Exchange, LayerZero, PolyNetwork, deBridge, Nomad will allow fast and low-cost transfer of tokens between zkSync 2.0 and other L1 and L2 protocols.
(3) The developer of the P2E game ChainGuardians launched the new metaverse game Cryptoverse
The P2E game ChainGuardians development team launched the new metaverse game Cryptoverse, an immersive role-playing game (RPG) based on Unreal Engine 5 and powered by the Ethereum blockchain, aiming to bring blockchain games to a large scale use. (Cointelegraph)
(4) Loopring L2 will launch NFT casting function
(5) StarkWare launches L2 product StarkNet on Ethereum
4. Borrowing
DefipulseEthereum Layer 2 developer StarkWare launched the L2 product StarkNet on Ethereum. StarkWare’s Ethereum L2 product, StarkNet, is ready to deploy DApps, the company said. StarkWare said that by the end of 2022, StarkNet's transactions per second are expected to be an order of magnitude higher than Ethereum, while the cost is at least two orders of magnitude lower.
According to previous reports, in November 2021, StarkWare completed a US$50 million Series C round of financing, with a company valuation of US$2 billion. This round of financing was led by Sequoia Capital, with participation from existing investors Paradigm, Three Arrows Capital, Alameda Research, Founders Fund, and IOSG. (CoinDesk)
4. Borrowing
(data from etherchain.org)
etherchain.orgThe data shows that the value of locked-up collateral on the chain fell from US$70.83 billion to US$68.91 billion last week, a week-to-week decrease of 2.7%; the net decrease of US$12.97 billion in the previous week was a net decrease of US$1.92 billion last week, an increase of 85% from the previous week. Specifically, last week, ETH mortgages dropped from 7.517 million to 7.336 million, a drop of 2.5%; BTC mortgages dropped from 205,975 to 199,694, a drop of 2.5%.
5. Mining
4. News
image description
(data from etherchain.org)
The data shows that last week, the average computing power rose by 3.5% month-on-month, temporarily reporting 1028TH/s; the average mining difficulty increased by 2.8% month-on-month, temporarily reporting 12901T; the activity on the chain decreased by 0.5% month-on-month, and the total mining revenue rose by 2% month-on-month.
Ethereum miner revenue hit an 18-month low last week at $202,766.09, according to Glassnode data. The previous 18-month low was $220,757.87 on Oct. 18, 2020.
4. News
(1) A wallet address containing 1947 ETH was activated for the first time since 2015
A dormant Ethereum wallet containing 1,947 ETH ($5.1 million) has been activated for the first time since 2015, according to Whale Alert. Considering that the initial investment was only $2,336, the profit margin for users with the above address is as high as 220,799%. (U. Today)
(2) The founder of TenX is suspected of being the hacker who stole 3.6 million Ethereum in 2016
Former Forbes reporter and Unchained manager Laura Shin said that she discovered the identity of the hacker in Ethereum's 2016 The DAO incident, suspected to be Toby Hoenisch. Toby Hoenisch is a 36-year-old Austrian programmer, co-founder and CEO of TenX. It mainly relied on the data tracking of the suspect and the on-chain analysis of the blockchain analysis company Chainalysis to lock the node address of TenX in Singapore.
Later, Toby Hoenisch denied that he had stolen 3.6 million ETH. Toby Hoenisch has denied the allegations made by former Forbes reporter and Unchained director Laura Shin, saying his statements and conclusions are inaccurate. Neither Shin nor Hoenisch responded to media requests for comment.
On April 30, 2016, The DAO project carried out token crowdfunding in Ethereum. By May 28, the project raised 11.5 million Ethereum, which was worth more than 150 million US dollars at the price of Ethereum at that time. The largest amount of crowdfunding. On June 17, hackers used a loophole to transfer 3.6 million Ethereum, which was crowdfunded by the project, to an anonymous address, accounting for 1/3 of the total. This incident also led to the fork of Ethereum. (Forbes)
(3) BTC mining in Russia is basically unaffected, and FlexPool prohibits Russian IPs from mining ETH
The latest data shows that BTC mining in Russia has not been affected, and local BTC mining has basically remained stable. According to BTC.com data, the current BTC network computing power is 195.91 EH/s.
At present, more than half of the computing power of the BTC network comes from the United States, Kazakhstan and Russia. According to data from the Cambridge Alternative Finance Center, as of July 2021, Russia accounted for more than 11% of the global Bitcoin computing power. Will Foxley of Compass Mining said that most of Russia’s BTC mining comes from Siberian gas or hydroelectric energy, so it is unlikely that the computing power will go offline.
The Ethereum community also reacted after Ethereum co-founder Vitalik Buterin made public statements about the recent military action in Ukraine. It is reported that FlexPool has announced that it will prevent people from Russian IPs from participating in ETH mining, and "apologies to Russian ETH miners" for this move. At present, FlexPool has more than 5% of the total network computing power of Ethereum, ranking fourth among all ETH mining pools. (Decrypt)
(4) Coinbase: After the merger of Ethereum is completed, the pledge yield is expected to rise to 9%-12%
