ETH Weekly | MetaMask will launch DAO and issue Token; V God will appear on the cover of Time Magazine (3.14～3.20)
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 March 18, Vitalik Buterin appeared on the cover of TIME magazine. In addition, Time Magazine published an article stating that Ethereum has become the second largest cryptocurrency after Bitcoin, powering a trillion-dollar ecosystem comparable to Visa; Ethereum has brought thousands of unbanked people around the world Bringing into the financial system, allowing capital to flow unimpeded across borders, and providing entrepreneurs with the infrastructure to build all kinds of new products.
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 $3,000.
According to OKX market data, the price of ETH once rose to around US$3,000 last week, and closed at US$2,854 during the week, a month-on-month increase of 10.6.
2. Large transaction
OKlink dataThe daily chart shows that the price is currently oscillating in the box, and the price may continue to test the $3,000 mark in the short term; the lower support level is $2,700, which is the intersection point of the 10-day moving average and the middle rail of the Bollinger Band, which is highly supportive ; The lower support level is $2,500.
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 19.1%, 17.7% and 26.7% respectively from the previous month.
3. Ecology and technology
1. Technological progress
OKlink data
It shows that the current top 300 ETH holdings hold a total of 53.48% of ETH, a month-on-month decrease of 0.1%; in addition, the entire position distribution presents an oval structure, and the proportions of each part are: 1st to 100th, accounting for 40.04%, A month-on-month decrease of 0.04%; 101st to 300th, accounting for 13.45%, a month-on-month decrease of 0.05%; 301st to 500th, accounting for 5.89%, a month-on-month decrease of 0.09%; 501st to 1000th, accounting for 7.06%, a month-on-month increase of 0.01 %; after the 1001st place, accounting for 33.58%, a month-on-month increase of 0.16%.
3. Ecology and technology
1. Technological progress
(1) The Ethereum testnet Kiln has successfully transitioned to Proof of Stake (PoS)
After Ethereum merged with the public test network Kiln, it has successfully transitioned and upgraded to a complete Proof of Stake (Proof of Stake) consensus mechanism. Ethereum developer Tim Beiko said that validators are generating merged blocks that contain transactions, and the network is so stable that more than two-thirds of validators can complete transaction confirmations correctly.
It is reported that the developers have confirmed that the Ethereum test network nodes are getting instructions from RPC calls, that is, stakers, not miners. If all goes well, Ethereum’s transition to proof-of-stake could happen in June or July of this year.
(2) The Ethereum community proposed to derivate G-UNI, an internal DeFi use case of Gelato Network, into an independent project
2. Voice of the Community
The proposal proposes: G-UNI is an internal DeFi application built by Gelato core developers to demonstrate the capabilities of Gelato's automated infrastructure. But so far, G-UNI’s TVL has exceeded 500 million US dollars, making it the largest LP on Uniswap v3 so far, and many major DeFi projects (MakerDAO, Aave, Fei, Frax, Angle, etc.) are already using this product for liquidity sex mining. It is mentioned in the proposal that once the vote is passed, G-UNI will be renamed Arrakis Finance and will issue the governance token SPICE.
(3) EIP-4626 has been reviewed by the Ethereum development team, aiming to standardize DeFi vaults
EIP-4626 has been reviewed by the Ethereum development team and will be part of future fork upgrades. EIP-4626 aims to standardize all DeFi vaults (Vaults) and unify them into ERC-20 tokens, which will provide functions such as casting, depositing and withdrawing, and reading balances, while reducing the integration workload of various project vaults.
2. Voice of the Community
Joseph Lubin (also known as Joe Lubin), co-founder of Ethereum and founder and CEO of ConsenSys, recently said at the Camp Ethereal 2022 summit that NFT technology is a "profound invention" that can reshape the industry.
3. Project trends
Although he does not hold a large number of NFTs, Joe Lubin said that the creation of this technology will have a huge impact on the world. "NFT is a profound invention, a major innovation in computer science... We are about to disrupt everything on the planet, we are about to transform the age of silos into the age of communities, and intermediaries will become broader and more valuable ,More effective."
(1) Optimism completes USD 150 million in Series B financing at a valuation of USD 1.65 billion
Ethereum infrastructure development company ConsenSys announced on Tuesday that the Ethereum wallet MetaMask now has more than 30 million monthly active users, an increase of 42% in the past four months. ConsenSys also stated in a statement that the global user base relies on MetaMask to mint And collect NFT, join DAO and participate in DeFi agreement. The United States, the Philippines, Brazil, Germany, and Nigeria are the most active markets for MetaMask.
In addition, ConsenSys CEO Joe Lubin said in an interview with Decrypt that MetaMask will soon launch a decentralized autonomous organization (DAO). The new DAO will not participate in the management of MetaMask, but the DAO will provide funds for MetaMask updates.
Lubin did not provide further details about the DAO or a launch date, but confirmed that MetaMask will not only launch the DAO, but also plans to issue tokens. (Decrypt)
According to official news, ConsenSys, an Ethereum infrastructure development company, completed a $450 million D round of financing, with a valuation of $7 billion. ParaFi Capital led the investment. C Ventures, existing investors such as Third Point, Marshall Wace, TRUE Capital Management and UTA VC participated in the investment.
Proceeds from the round will be converted into ETH to rebalance the ratio of ETH to U.S. dollar equivalents in line with ConsenSys’ funding strategy, ConsenSys said.
According to reports, ConsenSys is a pioneer in creating basic software for Web3, and its mission is to unleash the collaborative capabilities of the community by making DAO, NFT, and DeFi universally easy to use, access, and build.
(3) ConsenSys completed a financing of US$450 million, led by ParaFi Capital, and participated by Temasek and Microsoft
According to official news, ConsenSys, an Ethereum infrastructure development company, completed a $450 million D round of financing, with a valuation of $7 billion. ParaFi Capital led the investment. C Ventures, existing investors such as Third Point, Marshall Wace, TRUE Capital Management and UTA VC participated in the investment.
Proceeds from the round will be converted into ETH to rebalance the ratio of ETH to U.S. dollar equivalents in line with ConsenSys’ funding strategy, ConsenSys said.
(4) StarkNet launches Alpha 0.8.0 version on the test network, showing the fee mechanism for the first time
(5) Equalizer Finance, a flash loan platform, will deploy the protocol on Optimism
The NFT game F1 Delta Time developed by Animoca Brands and based on the Ethereum blockchain will cease operations on March 16, 2022. The company said it was "unable to renew the license" with the racing league. It's unclear how many players the game has in total. Data from NFT marketplace OpenSea shows that around 1,800 unique wallets own in-game NFTs.
The flash loan platform Equalizer Finance announced that it will deploy the flash loan protocol on Optimism, the second-layer solution of Ethereum. This is the second integration after it completed the deployment of the flash loan protocol on Polygon in January.
NFT Finance will be airdropped to ENS holders according to the ENS airdrop rules. Ethereum block snapshot 13656754. The total amount of Governance Token NFTF is 100 million, and the distribution method is 15% of early investors, 5% of team members, 55% of community treasury and 25% of retrospective airdrops. The airdrop NFTF proposal in the community has ended voting and received a support rate of 60.88%.
(7) The NFT game F1 Delta Time developed by Animoca Brands will stop operating
The NFT game F1 Delta Time developed by Animoca Brands and based on the Ethereum blockchain will cease operations on March 16, 2022. The company said it was "unable to renew the license" with the racing league. It's unclear how many players the game has in total. Data from NFT marketplace OpenSea shows that around 1,800 unique wallets own in-game NFTs.
Decentralized exchange DeGate launched its beta version, with the mainnet launching around the middle of the year. DeGate uses ZK-Rollup technology for order matching, allowing spot transactions through limit orders (based on the order book), providing a faster and cheaper trading experience while enjoying the security provided by the Ethereum mainnet. Other functions and features of the DeGate test version include: a permissionless currency listing mechanism, grid transactions, Gas-saving recharge, and Ultra-Efficient Gas Saving technology.
4. Borrowing
Defipulse(9) NFT market Rarible announced the completion of Polygon integration and will launch a multi-chain wallet
4. Borrowing
5. Mining
(data from etherchain.org)
etherchain.org5. Mining
4. News
(data from etherchain.org)
secondary title
4. News
