Author | Qin Xiaofeng

Produced | Odaily

Produced | Odaily

1. Overall overview

1. Overall overview

On August 2, many users in the Dharma community of the decentralized lending platform recently reported that they encountered problems when using the product to withdraw coins today. The contract that should have been automatically processed has not been executed and is in the processing state (pending). At the same time, the number of locked assets on Dharma's chain also plummeted by 74% within a month, leaving only $5.61 million.

Second, the secondary market

Second, the secondary market

1. Spot market

1. Spot marketThe data shows that this week, the price of ETH rose slowly, closing at 220.57 USDT during the week, a month-on-month increase of 5.7%.

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2. Fund flow                                                 

(data from AIcoin)

(data from AIcoin)

In terms of funds, the fluctuation of funds this week is relatively small, with the largest net outflow of funds on Thursday, exceeding 25 million US dollars; the net inflow of funds on Wednesday is relatively high, reaching 23 million US dollars.

(data from Tokenview)                                                 

(data from Tokenview)

Tokenview dataIt shows that the number of transfers "above 5,000 ETH" did not fluctuate greatly; however, the number of transfers "above 10,000 ETH" and "above 50,000 ETH" both increased month-on-month, with an increase of nearly 100%.

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3. Ecology and technology

3. Ecology and technology

1. Development and technology

1. Development and technology

(1) The prototype of the formal verification compiler Elle for the Ethereum virtual machine is released

According to ConsenSys official news, the blockchain development team funded by ConsenSys launched an EVM (Ethereum Virtual Machine) formal verification compiler "Elle", which aims to ensure that higher-level smart contract codes are consistent with the Ethereum Virtual Machine that executes it. Secure connections between machine bytecodes. At present, Elle is still in the prototype stage, and it is not recommended to deploy it on the main network or use it to manage very important and valuable assets. (Medium)

(2) Truffle is developing development tools other than Ethereum

Ethereum suite development company Truffle is expanding to three new blockchain networks. Tim Coulter, CEO and founder of ethereum development suite Truffle, announced Friday at the Seattle startup's TruffleCon event that additional tools will be built for Hyperledger Fabric, Tezos and R3's Corda. (CoinDesk)

(3) Ethereum startup company Argent integrates MakerDAO protocol

（4）Ethereum startup Argent has integrated the MakerDAO protocol and will provide users with direct access to credit, hopefully through lending, liquidity participation and management on its short-term roadmap. (The Block)

according to

2.Dapp

according toDappreview dataDappreview dataCoinX, the cumulative number of Dapp developments on the ETH chain reached 2,291, and 9 new Dapps were added this week;CoinX", the trading volume was 73 ETH, and the seven-day DAU was 109 people.

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(data from etherchain.org)

etherchain.org(Mining difficulty changes)

(Mining difficulty changes)

4. News

4. News

1. Decentralized lending platform Dharma’s locked assets plummeted by 74%, users have difficulty withdrawing coins, and the contract code has been closed

On August 2, many users in the Dharma community of the decentralized lending platform recently reported that they encountered problems when using the product to withdraw coins today. The contract that should have been automatically processed has not been executed and is in the processing state (pending). At the same time, the number of locked assets on Dharma's chain also plummeted by 74% within a month, leaving only $5.61 million.support@dharma.ioSome users reported that there was no feedback for more than ten hours after they clicked on the withdrawal, and the user’s withdrawal order was reset, and the withdrawal was still unable to be made multiple times. Official

The mailbox also did not give feedback on the user's problems. Some users have submitted problems for several months and still cannot solve them, which has caused anxiety for many users.

2. The US SEC plans to use a contractor to operate a Bitcoin and Ethereum node to monitor risks

3.The US SEC plans to use contractors to operate a bitcoin node and an ethereum node. The SEC did not give any specific reason why it needs to run its own nodes, except that it would support it in monitoring risk, improving compliance, and informing the Commission about its policies on digital assets (Trustnodes)

The number of CDPs on the MakerDAO platform surged, nearly 30 times more than last month

MakerScan data shows that after the launch of the Coinbase Earn blockchain teaching platform under the exchange Coinbase in July, the CDP (collateralized debt position) created on MakerDAO has risen from 858 in June to nearly 25,000 CDP, an increase of nearly 30 times. According to previous reports, after Coinbase Earn launched the DAI event, users have created about 14,700 CDPs, accounting for 40% of all historical CDPs.

4. Analysis: ETH holdings of projects raising funds through ICO are gradually declining

According to research from The Block, the ETH holdings of projects raising funds through ICOs have been steadily declining. The agency analyzed 57 ICO projects, each of which liquidated or transferred an average of 2,500 ETH (about $530,000) per month over the past 12 months. Since the start of the ICO, 5.9 million ETH has been moved or liquidated, or 72% of the amount of ETH raised. Some projects seem to be dipping into their ETH savings balances to cover operating expenses, while they may have some cash reserves as well. (The Block)

5. Insight Chain market research: Nearly 50% of ETH investors will continue to hold coins in the near future

Research chain Insight Chain (INB) released the market research results of Ethereum (ETH) in the first half of August. 43.7% of investors choose to buy when ETH breaks through $215, and 33.5% of investors will hold it for a long time.

6. U.S. Energy Company Has Issued Tokens on the Ethereum Blockchain

U.S. oil and energy technology company Ziyen Inc. announced that the first batch of digital tokens, ZiyenCoin, have been issued on the Ethereum blockchain. The company announced on June 11 that it will use Ethereum's ERC-20 to tokenize oil resources for financing through STO, and has submitted an application to the US SEC, becoming the first company to submit an energy-related business STO application . (Globe Newswire)

7. V God: Glad to see more "skeptics" enter the design world of ETH 2.0

V God tweeted that it was great to see more "skeptics" entering the design world of ETH 2.0. V God listed Layer 2 expansion researcher John Adler and others, and said that "we need them to make us stronger."

8. V God encourages the connection of Bitcoin Lightning Network to Ethereum