ETH Weekly | Ethereum Pledge Withdrawal Devnet has started; Ethereum Foundation issued a paper summarizing research and development in 2022 (12.26-1.1)

Author | Qin Xiaofeng

Editor | Hao Fangzhou

Produced | Odaily

1. Overall overview

Author | Qin Xiaofeng

Editor | Hao Fangzhou

Evan Van Ness, founder of Ethereum News Weekly, tweeted that the Devnet test network for Ethereum pledged withdrawals has been launched recently. The relevant withdrawal function will be launched soon, probably at the end of the first quarter of next year. Parithosh, a member of the Ethereum Foundation, commented, "We will soon have a more public testnet for everyone to withdraw money." Chain-staked ETH withdrawals, also known as EIP 4895.

Second, the secondary market

1. Spot market

Second, the secondary market

(ETH daily chart, picture from OKX)

According to OKX market data, the price of ETH closed at $1196 last week, a month-on-month increase of 1%.

2. Network operation

etherchain.orgThe daily chart shows that the price is currently consolidating around $1,200, and may continue to test $1,200 in the short term. The upper resistance level is $1,250; if it stands firm at $1,250, it is expected to hit $1,300; the lower support levels are $1,200 and $1,150 Dollar.

3. Large transaction

OKlink data3. Large transaction

4. Rich list address

OKlink data4. Rich list address

3. Ecology and technology

1. Technological progress

OKlink data

It shows that the total amount of pledged ETH in the entire network is currently 15,860,727 ETH, and the pledge rate is 13.27%, an increase of 134,622 compared to last week; from the perspective of the distribution of holding addresses, exchanges accounted for 10.42%, a month-on-month increase of 0.07%; DeFi projects accounted for 24.7% %, up 6.6% month-on-month; large addresses (top 1,000 addresses excluding exchanges and DeFi projects) accounted for 30.12%, down 6.36% month-on-month; other addresses accounted for 34.77%, down 0.3% month-on-month.

3. Ecology and technology

(1) Devnet for pledged withdrawal of Ethereum has been launched, and the public test network will be launched soon

2. Voice of the Community

Evan Van Ness, founder of Ethereum News Weekly, tweeted that the Devnet test network for Ethereum pledged withdrawals has been launched recently. The relevant withdrawal function will be launched soon, probably at the end of the first quarter of next year. Parithosh, a member of the Ethereum Foundation, commented, "We will soon have a more public testnet for everyone to withdraw money." Chain-staked ETH withdrawals, also known as EIP 4895.

yoav.eth, the co-author of ERC 4337, an account abstraction proposal for Ethereum, tweeted that a new version of ERC 4337 has been released. The new version relaxes storage rules during verification, enabling access to token balances and storage and access to account-related information in third-party contracts, etc. ; At the same time, in order to achieve compatibility and anti-censorship, there must be a unified memory pool in the network, so the team added two modules to achieve this function: Bundlers compatibility test suite and reference bundler implementation.

3. Project trends

2. Voice of the Community

V God: The extended definition of the good vision of cryptocurrency includes improving expansion, privacy, UX and encrypted social interaction, etc.

Vitalik Buterin, the founder of Ethereum, tweeted about "what is the extended definition of the good vision of cryptocurrency" asked by Matt Huang, the co-founder of Paradigm, that the extended definition of the good vision of cryptocurrency includes improving expansion, improving privacy, improving UX, Safer user accounts for users (decentralized services), "payment + SoV + DeFi" provides value to more people, encrypted social take-off, identity and SIWE (Sign-In with Ethereum) success, DAO new organizational paradigm be more widely adopted, etc.

3. Project trends

(1) Defrost Finance released the specific process of returning stolen funds to users, and all stolen funds in V1 have been returned

Defrost Finance, the Avalanche ecological native stablecoin project, released the specific process for returning stolen funds to users, and stated that all V1 stolen funds have been returned, and the Defrost team will soon begin returning these assets to their legitimate owners before the attack.

The specific steps are as follows: 1. All ETH in the address will be converted to a stablecoin (preferably DAI) at the on-chain market price; 2. All stablecoins will be transferred from Ethereum to Avalanche; 3. The team will start scanning the chain 4. Then a refund smart contract will be deployed, and legitimate users will be able to claim their assets back in the form of stablecoins. same address.

(2) Taiko, the second layer network of Ethereum based on zkRollup, releases the first public testnet

Taiko, the zkRollup-based Layer 2 Ethereum network, released the Alpha-1 (a 1 ) testnet Snæfellsjökull. Its first public testnet supports developers to deploy smart contracts, and opens up functions such as transaction testing and L2 node operation to ordinary users.

(3) Gnosis launched the decentralized trading protocol Gnosis Protocol, which uses a ring trading mechanism to improve liquidity

Ethereum prediction platform Gnosis has announced the launch of the Gnosis Protocol. Gnosis Protocol is a completely permissionless DEX (decentralized exchange protocol) that supports a new mechanism of ring trading to maximize liquidity. Ring trades are order settlements that share liquidity across all orders, rather than for individual token pairs. The Gnosis Protocol specifically improves liquidity for illiquid or "long tail" tokens, such as prediction market outcome tokens, by facilitating transactions that are not normally possible with traditional trading protocols. The agreement not only executes all orders, but also executes them with the best possible order settlement.

(4) Fixed investment tool Mean Finance launched on Ethereum

4. Borrowing

DeFiLlama (5) MEVerse chain test network has integrated EVM and Solidity

4. News

Korean mobile game company Me 2 Gen announced that it has integrated EVM into the MEVerse testnet. MEVerse is the main network of the blockchain created by the company. The relevant person in charge of the company said, "Since Ethereum occupies a large part of the main network market of the public chain, if Solidity is applied to the main network, it will be beneficial for us to introduce Ethereum project.” The company expects to formally integrate it into the mainnet in January. (coindesk)

4. Borrowing

The data shows that the value of collateral locked on-chain fell from $23.36 billion to $22.9 billion last week, a 2% drop for the week. Specifically, the number of ETH mortgages dropped from 19.13 million to 19.08 million last week, a drop of 1%. From the perspective of individual projects, the top three lock-up values ​​are: MakerDAO $5.89 billion; Lido $5.85 billion; Curve $3.35 billion.

4. News

(1) From 2022 to the present, the NFT minting and trading volume on the Ethereum chain will reach 23.7 billion US dollars

According to Nansen data, a total of $23.7 billion worth of NFTs have been minted and traded on the Ethereum chain since 2022. Weekly volume on ethereum reached $1.6 billion in early May after Yuga Labs launched Otherdeed for Otherside.