​ETH Weekly | zkSync Era mainnet Alpha is now open; Base Ecological Fund announces four major support directions (3.20-3.26)

1. Overall overview

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Coinbase’s Ethereum Layer 2 network Base recently published a blog post, announcing the four directions of its ecological fund support: 1. Stable coins (flatcoins) that can track inflation rates; 2. On-chain reputation platform; 3. On-chain price cap order book (LOB) trading platform; 4. Safer DeFi, this includes tools that can prevent smart contract code vulnerabilities or protocol logic errors, and ultimately on-chain insurance and insurance agreements, or any other Key supported products.

Second, the secondary market

1. Spot market

1. Spot market

ETH daily chart via OKX

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2. Network operation

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3. Large transaction

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4. Rich list address

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3. Ecology and technology

1. Technological progress

It shows that the total amount of pledged ETH in the entire network is 17,805,642 ETH, and the pledge rate is 14.55%, an increase of 132,768 in the past week; from the perspective of the position address distribution, exchanges accounted for 10.12%, a decrease of 0.22% from the previous month; DeFi projects accounted for Compared with 21.13%, it rose 0.24% month-on-month; large addresses (top 1000 addresses and excluding exchanges and DeFi projects) accounted for 33.82%, down 0.04% month-on-month; other addresses accounted for 34.93%, up 0.02% month-on-month.

3. Ecology and technology

1. Technological progress

(1) The Ethereum client Geth released version v1.11.5, which will enable Shanghai mainnet upgrade on April 13

(2) Ethereum 2.0 client Lighthouse released version v4.0.0, which already supports the mainnet Capella/Shanghai upgrade

2. Voice of the Community

The Ethereum 2.0 client Lighthouse released version v4.0.0, which is a mandatory version and supports running the mainnet Capella upgrade. The verification nodes participating in the Capella/Shanghai upgrade must upgrade to the latest version before April 12.

It is reported that the database schema has been upgraded to v1 6 in order to support changes to the fork choice algorithm. Mode upgrades will be automatically applied on upgrade, which will take no more than a few seconds. The minimum supported Rust version has been set to 1.66 .

X-explore report: Arbitrum anti-sybil rules have loopholes, 21.8% airdrops allocated to 150,000 sybil addresses and at least 4,000 sybil communities

3. Project trends

According to data analysis platform X-explore, Arbitrum’s anti-witch rules in this airdrop caused a “major loophole”, resulting in about 150,000 Sybil (witch) addresses and at least 4,000 Sybil communities earning more than 253 million tokens. Accounting for 21.8% of the total airdrop volume.

According to X-explore speculation, Arbitrum's rules are: exclude cross-chain bridges, centralized exchanges, and smart contracts when detecting Sybil; use relatively tolerant detection for small-scale, same-person addresses; only snapshots (February 6, 2023 ) was used for Sybil detection; only data from Arbitrum and Ethereum was used for Sybil detection, while data from other Ethereum 2 layers such as Optimism and Polygon were ignored. These Sybil detection rules will cause major loopholes. According to the above rules, X-explore detects witch address data through the internal same-person address/Sybil address recognition model.

3. Project trends

（2 ）(1) zkSync Era Mainnet Alpha is now open to all users

zkSync Era issued a document saying that the main network Alpha is now open to all users, and $3.8 million has been spent to ensure the security of zkSync Era. Users can now use the cross-chain bridge to transfer funds to experience the zkSync Era ecological Dapp.

According to CEO Gluchowski, if you want to decentralize the sequencer, you need tokens. And he estimates that the sequencer will be decentralized in about a year, in other words zkSync Era will be issued in a year. (The Block)

Multiverse NFT Standard (ERC-5606) Approved on Ethereum to Enhance Web3 Asset Interoperability

Following the submission of EIP-5606 (Ethereum Improvement Proposal) last September, ERC-5606, the new "Multiverse" NFT standard developed by the Metalinq technical team, has successfully completed the Ethereum community approval process, Web3 venture capitalist Coinsilium Group Limited said. ERC-5606 is a new standard for creating multivariate NFTs across multiple metaverses, Web3 games and platforms. These NFTs can represent unique assets in different virtual worlds, enabling interoperability between these worlds. ERC-5606 is fully compatible with NFT standards ERC-721 and ERC-1155.

Metalinq, a project backed by the founding team of Coinsilium and Coinsilium portfolio company Indorse, is building technology solutions that enhance the interoperability of Web3 assets.

(3) MetaMask announced compatibility with EIP-4361 to support Ethereum login, and launched the "domain name binding" function

Web3 wallet MetaMask tweeted: “MetaMask is now compatible with EIP-4361, which is logging in with Ethereum. Our deployment also provides a 'domain binding' feature that detects signatures/approvals from malicious URLs."

(4) Taiko, the second layer network of Ethereum, launched the Alpha-2 testnet

According to official news, Taiko, the second-tier network of Ethereum based on zkRollup, has launched the Alpha-2 test network "Askja", which is open to all developers to deploy smart contracts, and partially integrates ZKP validity proofs. Verifiers can now generate proofs without permission . In addition, protocol economics is enabled, and validators are rewarded with real rewards to compensate for their resource consumption. The corresponding L1 is Sepolia, the Ethereum test network, and the Uniswap V fork is deployed to support the exchange.

(5) Starknet Alpha v 0.11.0 has been launched on the testnet, supporting the deployment of Cairo 1.0 contracts

Starknet, the Ethereum Layer 2 expansion solution, announced on Twitter that Starknet Alpha v 0.11.0 has been launched on the test network. Developers and users can now deploy and interact with Cairo 1.0 contracts on the Starknet test network. will drop fivefold. Mainnet upgrades will feature governance voting where community members can participate in shaping Starknet by voting on protocol changes.

(6) OP Labs: The Bedrock upgrade will introduce a new two-step withdrawal process for the Optimism main bridge, which improves security

OP Labs tweeted that the Bedrock upgrade will introduce a new two-step withdrawal process for the Optimism main bridge, which will improve its security and make attacks more difficult.

L1's new withdrawal process is divided into two parts: attestation and finalization. To withdraw funds from the Optimism mainnet, users must submit a proof of withdrawal as soon as the output of the L2 block containing the withdrawal transaction appears on L1. On average, it takes about an hour for this output to appear on Ethereum. Once proof of withdrawal is submitted, the user waits for the standard 7-day closing window before the user can complete the withdrawal on L1.

(7) ImmutableX announced 2 IMX utility upgrades: 20% of the platform fee must be paid in IMX; it will be used as the core Gas currency of Immutable zkEVM

According to official news, ImmutableX, the Ethereum NFT layer-2 expansion plan, announced two IMX utility upgrades: 20% of the platform fee must be paid in IMX; IMX will serve as the core Gas currency of Immutable zkEVM and become a native network token.

(8) Fuel, the expansion plan of Ethereum, launched the Beta-3 testnet, adding a P2P network and running full nodes synchronously

Fuel, the modular execution layer of Ethereum, launched the third public testnet Beta-3. The new testnet added a P2P network and introduced the ability to run full nodes synchronously on Fuel. Fuel stated that Beta-3 is not an incentivized testnet. There are no direct rewards for participating in the network.

(9) Ethereum side chain Gnosis Chain integrates Balancer

Gnosis Builders, the ecosystem team behind Ethereum sidechain Gnosis Chain, announced the integration of DeFi protocol Balancer. The integration brings deep liquidity to Gnosis Chain and will allow users to deploy funds using apps like the Balancer App and DeFi yield booster Aura. GnosisDAO has partnered with Karpatkey to drive the integration and will be the first adopter of the liquidity pool. (PR Web)

Optimism, the second-tier expansion plan of Ethereum, stated on Twitter that the second round of retrospective public product fundraising (RetroPGF 2) voting has now ended, and details about the allocation of 10 million OP in RetroPGF 2 will be announced next week. According to previous news, RetroPGF 2 will allocate 10 million OP tokens to fund public products that support the development and use of the OP Stack open source code base. Projects that have been nominated will fall into three categories, including Infrastructure, Tools and Utilities, and Transactions.

4. Borrowing

DeFiLlamaCoinbase’s Ethereum Layer 2 network Base recently published a blog post, announcing the four directions of its ecological fund support: 1). Stable coins (flatcoins) that can track inflation; 2). On-chain reputation platform; 3). Chain cap order book (LOB) trading platform; 4). Safer DeFi, this includes tools that can prevent smart contract code vulnerabilities or protocol logic errors, and finally on-chain insurance and insurance agreements, or any other in the event of smart contract failure Products that provide critical support to users.

4. News

4. Borrowing

The data shows that the value of locked collateral on the chain rose from $28.71 billion to $29.02 billion last week, up 1% for the week. Specifically, the number of ETH mortgages rose from 15.94 million to 16.55 million last week, an increase of 3.8%. From the perspective of individual projects, the top three lock-up values ​​are: Lido $10.53 billion; MakerDAO $7.68 billion; Aave $4.79 billion.

4. News

(1) Data: ~$1.15 billion in ETH has been lost forever due to various mistakes

Conor Grogan, director of product strategy and business operations at Coinbase, tweeted that due to errors and human errors, about $1.15 billion in ETH has been lost forever, the specific figure is about 636,000 ETH, accounting for 0.5% of the token circulation supply.

Of this, approximately 306,000 ETH was due to a bug in the Parity crypto wallet in 2017; the collapsed cryptocurrency exchange Quadriga lost 60,000 ETH due to a contract failure; the Akutars NFT series lost 11,500 ETH in the failed Mint; Ethereum users have sent a cumulative 24,000 ETH to a burn address, which will no longer have access to the tokens. (The Block)

(2) French fashion brand Balmain launched a limited edition NFT based on the "Unicorn" shoe series

French luxury fashion house Balmain has released limited-edition NFTs based on its Unicorn footwear collection, with each sneaker coming with a matching pair of limited-edition real-world shoes. The sale includes 130 limited-edition unicorn sneakers featuring identical NFT sneakers designed by Space Runners.

The collection's ethereum NFT was created in partnership with digital fashion company Space Runners, and five unique sneaker designs debuted via the collection's Unicorn pack, each priced between $1,595 and $2,095 and available in traditional currencies or ETH payment. (Decrypt)

(3) The Ethereum Foundation doubled the bug bounty for the Shapella upgrade to $500,000