ETH Weekly | Canada launched three Ethereum ETFs, and the transaction quickly exceeded 100 million US dollars; EIP-1559 is tentatively scheduled to be deployed to the Ethereum mainnet on July 14 (4.19-4.26)
Author | Qin Xiaofeng
Editor | Hao Fangzhou
Produced | Odaily
1. Overall overview
Author | Qin Xiaofeng
1. Overall overview
Second, the secondary market
1. Spot market
Second, the secondary market
(ETH daily chart, picture from OKEx)
According to OKEx market data, the price of ETH once rose above $2,600 last week, then fell to $2,100, and closed at $2,341.86 during the week, a month-on-month increase of 9.1%.
2. Fund flow
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The daily chart shows that the ETH price is currently supported by the 30-day moving average, and may continue to sprint up to the previous high of $2,644 in the short term; the support is the 30-day moving average ($2,300) and the $2,000 mark.
In terms of funds, the largest net outflow was 885 million US dollars (Friday), and the largest net inflow was 870 million US dollars (Wednesday and Thursday); ETH's net inflow of funds from the entire network last week was about 108 million US dollars, a month-on-month increase of 127%; It will continue to consolidate and fluctuate or fall slightly.
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OKlink dataIt shows that the number of transfers on the chain increased sharply last week, and the number of large-value transfers of "above 5,000 ETH", "above 10,000 ETH" and "above 50,000 ETH" increased by 11.3%, 6.3%, and 67% month-on-month, respectively. The giant whales are active The degree intensified, and the number of large-value transfers decreased month-on-month.
3. Ecology and technology
1. Technological progress
3. Ecology and technology
（2）Ethereum1. Technological progress
(1) EIP-1559 is tentatively scheduled to be deployed to the Ethereum mainnet on July 14
On April 24, EthHub co-founder Anthony Sassano tweeted: "EIP-1559 is tentatively scheduled to be deployed on the Ethereum mainnet on July 14, 2021." Transaction fees, first proposed by Vitalik in 2018, are expected to make the fee market on the ethereum blockchain more predictable and ease congestion.
Ethereum
The 2.0 client Prysm defect caused the beacon chain node to lose 15 ETH, and an update will be released soon
According to the official Twitter of Prysmatic Labs, the execution team of the Ethereum 2.0 client, on April 24, the Prysm Beacon node could not generate blocks within 18 Epochs (about 2 hours), and starting from block 32302, more than 50% of the block Block proposal suddenly disappeared, suspected problem was Prysm.
Prysmatic Labs issued an incident update stating that this is an extremely rare edge case and a potential resolution has been identified. Some preliminary figures suggest that the total loss impact of the accident was around 15 ETH. Validators lost an average of 122,950 Gwei, equivalent to $0.03, due to insufficient block capacity. Some key facts:
There is no significant Slash penalty for validators;
Has no effect on beacon chain finalization;
Participation rates remain high (minimum 84.8%);
Most validators miss 2 or 3 validations regardless of client type;
Mainnet is stable and no action is necessary or recommended for Prysm operators at this time. Please wait for the fix to be released in the next few hours. In addition, according to GasNow data, the Ethereum Gas fee has dropped to around 50 Gwei.
2. Voice of the Community
(3) The Ethereum Gas Limit has been greatly increased and is currently close to 15 million
Note: Gas Limit is the maximum amount of Gas allowed in a single block, which can be used to determine how many transactions can be packaged in a single block. Previously, the Gas Limit increased significantly in September 2019 (from 8 million to around 10 million) and June 2020 (from 10 million to around 12 million). Bitfly, the parent company of the Ethermine mining pool, said: "After the Berlin hard fork improves efficiency, we believe that it is cost-effective to increase the gas limit of Ethereum from 12.5 million to 15 million."
3. Project trends
EthHub founder Sassano: Once Ethereum implements EIP-1559, every transaction will destroy ETH
EthHub co-founder Anthony Sassano tweeted that once EIP-1559 is implemented, every transaction on Ethereum will destroy ETH. Every liquidation, every ETH transfer, every second layer proof, every DEX transaction, even every Rug Pull event. Regardless of the transaction, ETH will continue to be burned.
(1) Gelato, an automatic execution tool for Ethereum smart contracts, releases version V2
On April 19, Gelato Network, an automatic execution tool for Ethereum smart contracts, released the V2 version. Gelato Network V2 adopts the diamond standard (EIP-2535). New features include: each DApp can define its own custom interface, no agency contract is required, data off-chain generation saves Gas, no pre-deposit is required to support any token payment transaction fees, Transactions can be signed off-line, coordinating bots to avoid competing with each other.
The valuation of this financing is 30000000 US dollars. A total of 8% of the total supply of SMTY tokens will be sold at 0.3 US dollars each. Features of low fees, zero slippage and high staking returns. That is, in a stable currency pool, the exchange of multiple stable currencies can be realized, and the scope and benefits of non-slip swap provided by it far exceed similar products.
(4) On-chain options protocol Hegic plans to provide long-term users with gHEGIC governance token rewards
4. Borrowing
DefipulseEthereum-based on-chain options protocol Hegic has announced a soft governance plan designed to reward its long-term users. According to an announcement on April 19, Hegic intends to reward its most loyal users with its new gHEGIC governance token. gHEGIC holders will be able to vote in future Hegic improvement proposals. According to reports, Hegic is a decentralized on-chain derivatives protocol that allows users to buy call and put options for Ethereum and wBTC speculative transactions. Users can sell options to buyers to provide liquidity for the agreement, so as to obtain part of the premium paid to the option pool. (Cointelegraph)
The data shows that the value of locked-up collateral on the chain rose from US$60.136 billion to US$55.395 billion last week, a week-to-week decrease of 7.8%; the previous week (4.12-4.18) had a net increase of US$8.27 billion and a net decrease of US$4.741 billion last week, a month-on-month decrease 157%. Specifically, last week, ETH mortgages dropped from 10.967 million to 10.756 million, a drop of 2%; BTC mortgages rose from 147,961 to 147,057, a drop of 1%.
5. Mining
(data from etherchain.org)
etherchain.org5. Mining
4. News
(data from etherchain.org)
The data shows that the average computing power has increased by 5% month-on-month, temporarily reported at 553.1 TH/s; the average mining difficulty has increased by 4.77% month-on-month, reaching 7040.4 T; the activity on the chain has increased by 15% month-on-month; network congestion has decreased slightly, and the total mining revenue A quarter-on-quarter decrease of 17%.
