ETH Weekly | V God released a new version of the Ethereum development roadmap; CryptoPunk #5822 was recognized by Guinness as the most expensive NFT collection (10.31-11.7)

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 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 rose as high as $1,678 last week, and closed at $1,623 during the week, up 2.1% from the previous month.

(ETH daily chart, picture from OKX)

OKlink dataThe data shows that in the past week, the Ethereum network produced 50,102 blocks, which was basically the same as last week; the number of active addresses per week was 2,865,602, a decrease of 3.5% from the previous week; the block reward income was 4,204 ETH, an increase of 18% from the previous week; The weekly ETH burning volume reached 11,161, a month-on-month decrease of 4.8%.

4. Rich list address

OKlink dataIt shows that the number of on-chain transfers dropped slightly last week, with "above 1,000 ETH", "above 2,000 ETH" and "above 5,000 ETH" falling by 20.8%, 0.4%, and 14% month-on-month respectively. The trading enthusiasm of giant whales has dropped significantly.

3. Ecology and technology

1. Technological progress

4. Rich list address

It shows that the total amount of pledged ETH in the entire network is currently 14,796,423 ETH, and the pledge rate is 12.37%, an increase of 179,296 compared with last week; from the perspective of the distribution of holding addresses, exchanges accounted for 10.56%, a decrease of 0.05% from the previous month; DeFi projects accounted for 17.91 %, up 0.12% month-on-month; large addresses (top 1,000 addresses and excluding exchanges and DeFi projects) accounted for 38.68%, down 0.11% month-on-month; other addresses accounted for 32.87%, up 0.03% month-on-month.

2. Voice of the Community

3. Ecology and technology

1. Technological progress

V God Releases New Version of Ethereum Development Roadmap

Vitalik Buterin, the co-founder of Ethereum, released a new version of the Ethereum development roadmap on social media. The main changes include: 1. The merger has been completed, not only about "verkle trees", but also about "verification". The conclusion is "full SNARK" 2. Add "The Scourge" to ensure fair and credible neutral transactions and solve the MEV problem; 3. Single-slot finality as the second phase of the merger milestone.

(1) V God: Cryptocurrency security is better than gold when trading with untrusted parties

3. Project trends

Vitalik Buterin, the founder of Ethereum, recently replied on social media platforms about "encryption enthusiasts do not want a centralized currency authority. In this case, why not choose gold?" He said that gold is very inconvenient and difficult to use , especially when transacting with untrusted parties, it does not support secure storage options like multi-signatures. At this point, gold is less accepted than cryptocurrencies, so cryptocurrencies are the better choice.

(2) V God: Twitter led by Musk may face more market competition

Vitalik Buterin, the founder of Ethereum, said in a speech at the Singapore Fintech Festival that as Musk is promoting a better social media experience, there may be more Twitter competitors in the market. And said that he "hopes that in the next 5 to 10 years, there will be some kind of better social media platform, whether it is Twitter itself, or a large number of alternative platforms, and we may even see both at the same time."

V God also said: "Musk can make Twitter very good or very bad, and the latter situation may provide others with the opportunity to create truly great things." Twitter could also end up somewhere in between those two extreme outcomes, he added. (Bloomberg)

3. Project trends

(1) The number of newly registered domain names in ENS exceeded 170,000 in October

According to Dune data, the number of newly registered domain names in Ethereum domain name service ENS exceeded 170,000 in October, reaching 174,204. In addition, the total number of domain names registered by ENS reached 2,759,786.

(2) The daily trading volume of OpenSea on the Ethereum chain increased by 123%, reaching a high point since August 11

According to Dune data, the total transaction volume of OpenSea on the Ethereum chain on October 31 was 12,275 ETH, an increase of 123% compared with the previous day, reaching a high point since August 11. The previous high point was 14,267 ETH on August 10 .

According to previous reports, CryptoRank data showed that OpenSea’s transaction volume in October fell 13% to $303 million, the lowest record since June 2021, and a 94% drop from the January 2022 high. This is the fourth consecutive month of decline in NFT transaction volume on OpenSea.
(3) Aelin Protocol, a decentralized financing protocol, supports the Arbitrum network

Aelin Protocol, a decentralized financing protocol, has been launched on Arbitrum. Aelin is a permissionless multi-chain protocol for financing and over-the-counter transactions, allowing anyone to raise funds and find investors for their projects or over-the-counter transactions. Aelin Protocol has previously launched the Ethereum mainnet and Optimism.

(4) MEV-Boost of Flashbots has been running on Coinbase Cloud

Coinbase Cloud announced that MEV-Boost, Flashbots’ free and open-source middleware, is now live on Coinbase Cloud. Ethereum staking customers can choose to run MEV-Boost in their infrastructure, receive MEV rewards enabled by PBS, and it is estimated that the average block reward obtained may increase by 100-200%. Coinbase Prime and retail customers who stake Ethereum will automatically receive additional rewards.

Additionally, Coinbase will continue to run multiple validators without MEV-Boost, the diversity of block building to ensure no single entity can censor Ethereum transactions.

According to previous reports, on October 15, Flashbots announced the SUAVE upgrade plan to solve the review problem. Further details on SUAVE will be released in the coming weeks.

(5) V-Art Protocol, an NFT intellectual property verification tool, will be launched on November 2

V-Art Protocol, an NFT intellectual property verification tool under the digital content monetization platform V-Art, will be launched on November 2, aiming to help protect the intellectual property rights of NFT projects. At present, V-Art Protocol can verify NFT intellectual property rights on NEAR and Ethereum. This year, it will also support verification on Aurora and Polygon, and it plans to support Solana next year. (The Block)

(6) Web3 game NFT market Fractal has been launched on Ethereum

Fractal, the Web3 game NFT market launched by Twitch co-founder Justin Kan in December 2021, has been launched on Ethereum (previously launched on Solana), including Fractal wallet, SDK, Launchpad and trading market, and other EVM compatible chains will also be launched later. Key considerations include liquidity, community, and network speed. Earlier in April, Fractal had completed a $35 million seed round led by Paradigm and Multicoin Capital.

(7) BitGo announced the introduction of wDOGE into the Ethereum blockchain

BitGo announced that it will introduce wDOGE to the Ethereum blockchain through its cooperation with wDogeDAO. All wDOGE are backed 1:1 by DOGE tokens. Additionally, BitGo will provide hot wallets, qualified custody, and self-custodial custody for DOGE and wDOGE by the end of the month. (CoinDesk)

Ethereum development platform Tenderly announced the launch of the node product "Web3 Gateway" to help Web3 developers read, transmit and analyze blockchain data. This product builds on Tenderly's observability stack, which is said to have indexed more than 20 With more than 9 billion transactions in the blockchain network, its direct competitors are ConsenSys, the company behind Infura, and Alchemy, the node provider. Tenderly completed a $15.3 million Series A round in July 2021, followed by a $40 million Series B round in March 2022. (thebharat express news)

4. Borrowing

DeFiLlama Immutable is launching a community-curated whitelist and blacklist tool on Ethereum to enforce creator royalties. This product has been used on ImmutableX, the Ethereum Layer 2 solution NFT platform. The list is controlled by IMX token holders. Immutable co-founder Robbie Ferguson said last month that NFT royalties are guaranteed on ImmutableX.

4. News

(10) Loopring encountered a DDoS attack yesterday, and the protocol assets were not affected

Loopring, the Ethereum Layer 2 solution, issued a document stating that it was attacked by a DDoS at 21:00 on November 4 (UTC+8). During the incident, the RPS (rate per second) increased significantly, and the Loopring gateway was unable to handle such a huge amount of requests, resulting in service unavailability. The service was interrupted for 11 hours, and the service has been restored. This attack did not affect Loopring assets, so users need not worry.

4. Borrowing

The data shows that the value of locked collateral on the chain fell from $32.36 billion to $31.96 billion last week, a 1.2% drop for the week. Specifically, the number of ETH mortgages rose from 19.98 million to 20.28 million last week, an increase of 1.5%. From the perspective of individual projects, the top three lock-up values ​​are: MakerDAO $8.04 billion; Lido $7.51 billion; Curve $5.41 billion.

4. News

(1) NFT sales on the Ethereum chain in October were only US$275 million, a new low since July 2021

CryptoSlam data shows that in October, NFT sales on the Ethereum chain were only $275,712,033.97, the lowest record since July 2021. In October, the total number of NFT transactions on the Ethereum chain was 877,851, an increase of 7.6% from September. There are 162,835 independent buyers and 144,103 independent sellers. The average price of a single transaction on the chain is about $314.08.