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)

1. Spot market

According to OKEx market data, the price of ETH once rose to US$2,150 last week, and closed at US$2,077 during the week, a month-on-month increase of 21.5%.                                                                  

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The ETH daily chart shows that the price fell below the 60-day moving average for a short time and then regained its footing. Daily moving averages are unlikely; resistance is at $1760.                                      

In terms of funds, the largest net outflow was 150 million US dollars, and the largest net inflow was 670 million US dollars; last week, the net inflow of funds in the entire network of ETH was about 1.275 billion US dollars, a month-on-month increase of 253%, and the trend of capital inflows is obvious; the price level is expected to maintain an upward trend in the coming week , slightly consolidated and oscillated.

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OKlink dataIt shows that the number of transfers on the chain rose slightly 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 28.34%, 19.88% and 25% month-on-month respectively, indicating that giant whales are active intensified.

3. Ecology and technology

1. Technological progress

OKlink data

It shows that the current top 300 ETH holdings hold a total of 52.14% of ETH, a month-on-month increase of 0.24%. 0.29%; 101st to 300th, accounting for 14.44%, down 0.05% from the previous month; 301st to 500th, accounting for 6.62%, down 0.03% from the previous month; 501st to 1000th, accounting for 8.22%, down 0.03% from the previous month; After the 1001st place, accounting for 33.05%, a decrease of 0.17% from the previous month.

3. Ecology and technology

(1) Ethereum 2.0 client Nimbus released version v1.0.12, supporting the Beacon Chain test network Prater

2. Voice of the Community

（1）On March 30, the Ethereum 2.0 client Nimbus released version v1.0.12, supporting the beacon chain test network Prater, which is now open to the public.

(2) The Ethereum Foundation solicits proposals related to "improving the security and robustness of the beacon chain"

The Ethereum Foundation announced a Request for Proposals (RfP) to improve the security and robustness of the Ethereum Beacon Chain and future mergers of Ethereum. Key areas include but are not limited to: real-time network analysis, network load testing and simulation, client load testing, consensus attack, merger and sharding R&D, etc.

ETH Miners' 51-Hour Hashrate Transfer Demonstration Has Failed

3. Project trends

The 51-hour hashrate transfer demonstration for ETH miners led by Red Panda Mining in early March, which called for a 51-hour transfer of 51% of Ethereum’s hashpower to the Ethermine mining pool on April 1, has failed. However, on April 1st, Ethermine accounted for no more than 20% of Ethereum's computing power; by Friday morning, Ethermine's computing power accounted for only 20.7%. (Cryptonews)

(2) Ethereum core developer: ETH will implement PoS at this time next year

On March 30, eric.eth, the core developer of Ethereum, stated that by this time next year, ETH will have: PoS to verify the chain; fee destruction; close to zero issuance; full layer 2 scalability.

3. Project trends

(1) An independent team releases an ARM version custom system that can run the Ethereum client for Raspberry Pi 4

The "Ethereum on ARM" team released the latest ARM-based Linux system that can run on Raspberry Pi 4. This system can run all mainstream node clients of Ethereum 1.0 and 2.0, turning Raspberry Pi into a full node of Ethereum . At the same time, the team launched a new version of the reference document, and users can refer to the document installation and management.

• (2) ConsenSys, HENI Group and Heyday Films jointly launch an environmentally friendly NFT scalable solution

• According to official news, ConsenSys, HENI Group, and Heyday Films have joined forces to launch Palm NFT Studio, an innovation laboratory designed to work with artists, marketplaces, and rights holders to introduce projects and platforms into the Palm ecosystem, which is said to be faster than the current The Ethereum network is 99% more efficient. Palm is a sidechain designed to be "fully connected" to Ethereum, with faster settlement times, lower fees and a tiny carbon footprint.

• (3) The Rayonism project plans to build an Ethereum merged test network and build a sharding prototype on it

• On March 31, the Rayonism project was launched. It plans to use Eth1 and Eth2 clients to build the Ethereum merged test network and build a sharding prototype on it. The roadmap is as follows:

• The project started on March 29;

• Early April: Under the Eth2.0 specification, complete Phase 1 reconstruction and modularize sharding;

Early April: The goal is to complete the Eth2-Eth1 developer testnet following the merge specification;

Mid-April: target minimum viable spec for shards (no hosted games or data availability sampling);

Develop the merge function on Eth1 and Eth2 clients; develop the fragmentation function on the Eth2 client, and enable KZG in the EVM (Ethereum Virtual Machine) of Eth1;

After May 14th: Launch of public trial testnet with merge and sharding.

(4) The Ethereum push notification service project EPNS reached a cooperation with Uniswap

The Ethereum push notification service project EPNS announced a strategic cooperation with Uniswap to jointly develop the communication layer between Web 3 and decentralized applications. It is expected to provide push services for Uniswap's price and mining information. In addition, EPNS will conduct IDO on Polkastarter on April 13, and the whitelist application has been opened. EPNS will sell 833,333 PUSH tokens worth $100,000 through Polkastarter.

(5) AntiMatter, a cross-chain perpetual derivatives protocol, releases the V1 launch plan

AntiMatter, the cross-chain sustainable derivatives protocol, announced that it has completed the Antimatter V1 product. The mainnet launch will take place in several stages, ensuring proper testing and community feedback.

Phase 2: Launch on ETH mainnet (within two weeks). A complete v1 product was released on the ETH mainnet, with a liquidity option mining function.

4. Borrowing

DefipulsePhase 3: The ultimate goal of AntiMatter is to enable everyone to create perpetual options, just like Uniswap allows everyone to list tokens. V1 contracts have enabled this, but we believe that the front end should take an incremental approach so as not to favor one side. Currently only USDT is allowed to generate options. The next goal is to enable all stablecoins to generate deposits as options. This is possible by creating a basket container for all stablecoins. To enable cross-chain options, AntiMatter will deploy versions for BSC, HECO, and other EVM-compatible chains.

The data shows that the value of locked-up collateral on the chain rose from $41.057 billion to $50.867 billion last week, a week-on-week increase of 23.8%; the previous week (3.22-3.29) saw a net decrease of $3.417 billion, and a net increase of $9.81 billion last week, a month-on-month increase of 387% . Specifically, ETH mortgages rose from 9.332 million to 10.779 million last week, an increase of 15.5%; BTC mortgages dropped from 132,097 to 138,073, an increase of 3.8%.

5. Mining

(data from etherchain.org)

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4. News

(data from etherchain.org)

The data shows that the average computing power has increased by 5.7% month-on-month, temporarily reported at 505TH/s; the average mining difficulty has increased by 6.8% month-on-month, reaching 6453T; the activity on the chain has increased by 4.6% month-on-month; network congestion has slightly increased, and the total mining revenue has increased month-on-month 2.5%.

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4. News

(1) The one-month implied volatility difference between Ethereum and Bitcoin has dropped to 8%

The one-month implied volatility (IV) spread between ethereum and bitcoin has fallen to 8%, the lowest level since Dec. 8, data provider Skew said. The indicator measures the expected relative price volatility between the two. This means that after weeks of focusing on ETH, alternative digital assets and even NFTs, cryptocurrency traders may shift their main focus back to Bitcoin. Historically, this metric has proven to be a reliable indicator of an impending shift in market leadership. Traders shifted their focus from ethereum and DeFi to bitcoin after the implied volatility differential between ethereum and bitcoin fell to multi-month lows last September. Some are even calling it the end of the “Summer of DeFi.” Then, in the last three months of 2020, bitcoin surged 168%, outperforming ethereum and other major cryptocurrencies. (CoinDesk)