ETH Weekly | The Ethereum Foundation launches the 2022 Layer 2 community donation plan; since September 11, giant whales have increased their holdings by more than 3.5 million ETH (10.24-10.30)
Author | Qin Xiaofeng
Editor | Hao Fangzhou
Produced | Odaily
1. Overall overview
Author | Qin Xiaofeng
1. Overall overview
In terms of the secondary market, the current ETH price may continue to consolidate in the short term, with a support level of $1,550 and a resistance level of $1,600.
Second, the secondary market
1. Spot market
In terms of the secondary market, the current ETH price may continue to consolidate in the short term, with a support level of $1,550 and a resistance level of $1,600.
(ETH daily chart, picture from OKX)
Second, the secondary market
1. Spot market
etherchain.orgAccording to OKX market data, the price of ETH once rose above $1,600 last week, reaching a peak of $1,664, and closed at $1,589 during the week, a month-on-month increase of 21%.
(ETH daily chart, picture from OKX)
OKlink dataThe data shows that in the past week, the number of blocks produced on the Ethereum network was 50,065, which was basically the same as last week; the number of active addresses per week was 2,968,786, a slight increase of 1.6% from the previous week; the block reward income was 3,548 ETH, a decrease of 13% from the previous week; The weekly ETH burning volume reached 11,734, a 30% decrease from the previous month.
4. Rich list address
OKlink dataIt shows that the number of on-chain transfers rose sharply last week, with "above 1,000 ETH", "above 2,000 ETH" and "above 5,000 ETH" rising by 124%, 92%, and 165% month-on-month, respectively. The trading enthusiasm of giant whales has picked up significantly.
3. Ecology and technology
1. Voice of the Community
OKlink data
1. Voice of the Community
2. Project trends
(1) V God reveals four key goals of Ethereum in 2023, and solving scalability is the top priority
Vitalik Buterin, the founder of Ethereum, said in an interview with Bankless that Ethereum developers hope to achieve four key goals next year, including scalability, privacy, base layer anti-censorship and account abstraction. is their "number one" priority. Buterin noted that ethereum developers are "scrambling for time" to address scalability issues. (The Daily Hodl)
(2) V God: My concerns about VR are similar to those of some anti-cryptocurrency people about cryptocurrencies
2. Project trends
(1) More than half of Ethereum validators use repeaters that comply with OFAC regulations
According to previous reports, MEV Watch data showed that on October 14, 7 MEV-Boost repeaters were used to create 58% of Ethereum blocks, of which 48% met OFAC standards, excluding transactions related to Tornado Cash. Additionally, the Flashbots.net transparency website shows that on October 14, 46% of blocks met OFAC standards. On October 15th, Flashbots announced the SUAVE upgrade plan to address the censorship issue. Further details on SUAVE will be released in the coming weeks.
GnosisDAO's GIP-64 community proposal has been passed. As of February 15, 2023, there will be three types of holders of GNO tokens, including: 1. Those who pledge GNO tokens in the Ethereum main network or smart contracts on the Gnosis chain; 2. Individual users who pledge GNO tokens; 3. Cruve GNO: sGNO 19 pool participants distributed a total of about 9 million digital asset management platform Safe (formerly Gnosis Safe) native token SAFE.
(3) Zunami, the aggregation income agreement on the Ethereum chain, launched the native stable currency UZD
(4) The Ethereum Foundation launches the 2022 Layer2 Community Donation Plan, which will allocate $750,000
The Ethereum Foundation launched the 2022 Layer 2 Community Grants 2022 (Layer 2 Community Grants 2022), with a total grant of 750,000 US dollars, aimed at funding and encouraging research and development around Layer 2 applications and education, including research on L2 indicators, multi-layer districts Block explorers, Rollup compression, and educating more users on L2, etc. The grant application window starts on October 24, 2022 for 6 weeks and will close on December 5, 2022.
(5) EYWA, a decentralized stablecoin cross-chain trading platform, will release its mainnet at the end of October
(6) The zkSync 2.0 testnet reset has been completed
(7) Etherscan launched the Arbitrum Nova block explorer
Arbitrum, the second-layer Ethereum network, announced on Twitter that the Arbitrum Nova block explorer powered by Etherscan is now live.
Google has launched a blockchain node engine for ethereum developers, describing it as a "fully managed service." This means customers don't have to hire their own teams to maintain or monitor their nodes. Google actively monitors nodes and restarts them promptly if any issues arise. The person in charge of Google's Web3 strategy said that Google "builds a huge bridge" between the traditional technology industry and Web3 by providing cloud services. In addition, the service will support multiple chains in the future. (decrypt)
On-chain firewall provider Harpie announced that it has launched its project on the Ethereum mainnet. Harpie reviews every pending transaction in the user's wallet, and when it finds a transaction that attempts to steal the user's assets, it can block its behavior during execution. If Harpie helps the user successfully recover the stolen assets, a fixed fee of 0.01 ETH will be charged.
3. Borrowing
DeFiLlama (10) The first phase of cross-chain cooperation between Aave and StarkWare has been developed and governance deployment will be carried out
4. News
According to previous reports, in February this year, the first phase of the cooperation proposal between Aave and Starkware was voted through with 100% support. Starkware will provide Aave facilities to enhance StarkNet’s user base, and the two parties will jointly contribute about $385,000. And the development will be completed within 2-3 months.
The data shows that the value of locked collateral on the chain rose from $30.59 billion to $32.36 billion last week, a 5.7% increase in a week. Specifically, the number of ETH mortgages dropped from 22.42 million to 19.98 million last week, a drop of 10.8%. From the perspective of individual projects, the top three lock-up values are: MakerDAO $8.27 billion; Lido $7.43 billion; Curve $5.6 billion.
(1) Data: After the Ethereum PoS upgrade, more funds flow into the pledge contract
According to Messari, as Ethereum successfully transitioned to PoS, the effective return rate for validators has surged from nearly 0% to 6%. The stETH discount decreases, and more funds flow into the pledge contract. Lido has the highest absolute contribution to this growth, while Rocket Pool has the fastest growth from its small base. Layer 2 liquidity has become more and more critical. After Lido announced the incentive plan, stETH L2 liquidity surged.
(2) Data: Ethereum whales have increased their holdings by over 3.5 million ETH since September 11
According to the data disclosed by Santiment, since September 11, Ethereum whales (addresses holding at least 1 million ETH) have increased their holdings by more than 3.5 million ETH, and the ETH holdings of giant whales have increased by 14% after the merger. As of now, about 132 Ethereum whale wallets hold a total of 28.55 million ETH (about 36 billion U.S. dollars), a record high. (The Coin Republic)
