Author | Qin Xiaofeng
Editor | Hao Fangzhou
Produced | Odaily
1. Overall overview
Author | Qin Xiaofeng
secondary title
Second, the secondary market
1. Spot market
Crypto trader and analyst Edward Morra tweeted that the Ethereum Foundation (again) successfully sold ETH at the top to cash out. Since then, ETH has fallen by more than 40%. The above transaction occurred at 2:56 pm (UTC time) on November 11 last year. At that time, the Ethereum Foundation sold $90 million of ETH on Kraken, and the transaction price of ETH was $4,810. The analyst emphasized that this is not the first time the Ethereum Foundation has cashed in at or near the top of the Ethereum market. (U. Today)
In terms of the secondary market, the current ETH price may pull back slightly in the short term, with support levels at $2,300, $2,000, and resistance at $2,500.
According to OKX market data, the price of ETH fell below $2,300 last week and closed at $2,432 during the week, a month-on-month drop of 27.5%.
2. Large transaction
OKlink dataThe daily chart shows that the price is currently on the lower track of the Bollinger Band, and the price may continue to test the $2,000 mark in the short term; the lower support levels are $2,300, $2,000 and $1,700, and the upper resistance levels are $2,500 and $2,660 ( MA5).
3. Rich list address
OKlink dataIt shows that the number of transfers on the chain increased sharply last week, and the "above 1000 ETH", "above 2000 ETH" and "above 5000 ETH" increased by 86%, 96% and 90% month-on-month respectively, and the enthusiasm for large-amount giant whale transactions has increased significantly.
3. Ecology and technology
1. Voice of the Community
It shows that the current top 300 ETH holdings hold a total of 53.56% of ETH, an increase of 0.07% month-on-month; in addition, the entire position distribution presents an oval structure, and the proportions of each part are: 1st to 100th, accounting for 40.14%, 101st to 300th, accounting for 13.42%, down 0.11% from the previous month; 301st to 500th, accounting for 6.12%, basically the same; 501st to 1000th, accounting for 7.14%, up 0.04% from the previous month ; After the 1001st place, accounting for 33.21%, a decrease of 0.09% from the previous month.
3. Project trends
1. Voice of the Community
On January 18, Vitalik reposted the paper "Empirical Analysis of EIP-1559: Transaction Fees, Waiting Time, and Consensus Security" jointly researched by Peking University and Duke University on EIP 1559, and said that this paper is particularly It is mentioned that EIP 1559 greatly reduces the average waiting time for transactions to be confirmed. It is understood that the research of this paper proves that EIP-1559 greatly improves the user experience by simplifying fee estimation, alleviating the price difference of paid gas within a block, and reducing user waiting time. However, EIP-1559 has little impact on gas fee volatility and general security. In addition, the study also found that when the price of Ethereum fluctuated greatly, the waiting time was significantly longer, and the study also verified that larger blocks would increase the existence of sibling blocks.
(1) The transaction volume of OpenSea (Ethereum) in January exceeded 3.48 billion US dollars, an innovative monthly transaction volume with the highest record
(2) Aelin Protocol, the Ethereum transaction coordination protocol, has reached a cooperation with Gelato Network, an automatic execution tool for Ethereum smart contracts
(3) Snapshot intends to launch the on-chain voting framework Snapshot X in the second quarter
On January 18, Snapshot officially announced that it plans to release Snapshot X in the second quarter of 2022. This is a voting framework based on StarkNet (Layer 2 ZK-Rollup), which allows any DAO to run on-chain governance on Layer 2 and run on Ethereum. Execute transactions online. According to Snapshot officials, the cost of voting on Snapshot X is about 1,000 gas, or about 50 to 100 times cheaper than Ethereum. It is reported that Snapshot X will be open to all DAOs later in the third quarter of 2022. Initially, only ERC-20 and delegated voting strategies will be supported, and support for ERC-721 and multi-chain will be added later.
Ethereum NFT badge application POAP announced the completion of $10 million financing, led by Archetype and Sapphire Sport LLC, Collab Currency, 1KX, Libertus Capital, Red Beard Ventures, 6th Man Ventures, Delphi Digital, A Capital, Sound Ventures, Advancit Capital and The Chernin Group and others participated in the investment. (Decrypt)
Radicle launches streaming payments protocol Drips, a new Ethereum protocol and social network that allows anyone to generate ongoing income without relying on bank accounts or withdrawal platforms. Drips allow any Ethereum user to periodically stream funds to any other Ethereum user, while also collecting funds from multiple streams in a single transaction.
(6) Optimistic finds a way to reduce average transaction fees by another 30%
According to official news, Optimistic, the second-layer expansion plan of Ethereum, said that it has found a way to reduce the average transaction fee by another 30%, which may be deployed later.
(7) The board game Exploding Cat will issue 10 NFTs on Ethereum
The decentralized index protocol The Graph announced that it has completed a $50 million financing through the sale of tokens. Tiger Global led the investment, and FinTech Collective, Fenbushi Capital, Reciprocal Ventures, and Blockwall Digital Assets Fund participated in the investment. According to Bloomberg, the new financing will be used to acquire other developers and expand in Asia and Europe. (CoinDesk)
3. Borrowing
Defipulse(9) Lido Finance: 41.5% of bETH positions face liquidation
The Ethereum 2.0 pledge agreement Lido Finance tweeted to remind Anchor Protocol users that its internal warning showed that 41.5% of bETH positions are facing liquidation, and the current price is less than 20% away from the liquidation price. It is reported that bETH is the mapping token of stETH in the Terra ecology, and it is jointly launched by the DeFi fixed interest rate agreement Anchor Protocol and Lido Finance.
3. Borrowing
(data from etherchain.org)
etherchain.orgFrom the perspective of individual projects, the top three lock-up values are: Maker $16.48 billion; Curve $14.41 billion; Convex Finance $11.95 billion.
4. News
image description
(data from etherchain.org)
4. News
(1) A single Ethereum miner wins a block reward of 170.65 ETH
On-chain data shows that on January 17, a single ETH miner (2Miners: SOLO) dug out a block and won a block reward of more than 170.65 ETH, worth about $540,000, and the block height was 14020509. This is very lucky for the miners, although similar situations have happened to Bitcoin miners before, which is extremely rare.
According to previous reports, on January 11, an individual miner with a computing power of only 126 TH won a block reward of 6.25 BTC, worth more than 260,000 US dollars. The block height of this Bitcoin block is 718124. (Beincrypto)
(2) JPMorgan Chase: Ethereum's dominance in the NFT field is being "swallowed" by Solana
Solana has been taking the largest share of NFT volume from Ethereum since last August, JPMorgan said, noting that this is when the NFT market began to expand massively. At the same time, the market value share of Ethereum is gradually being "swallowed" by Solana.[Original link]
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