Latest Ethereum News

Data provided by Santiment shows that the price of Ethereum has surged by around 80% in the past month, and other altcoins have also performed well since June.

Its analyst team said that growth is likely to continue. Earlier today, Ethereum moved back to the $2,000 price mark, last seen in June.

According to the latest data from Coingecko, as the price of ETH has risen, the market value of Ethereum has returned to above $235 billion, reaching $236,309,011,229.

The current price of ETH is $1967.81, a 24-hour increase of over 4.4%.

The Ethereum side chain Gnosis has launched a block browser GnosisScan, which supports the query of ERC-20, ERC-721, and ERC-1155 format tokens, and provides functions such as gas tracking, contract modification checking, and developer API.

In addition, developers can use the Truffle and Hardhat plugins to automatically verify the source code of smart contracts on GnosisScan directly from the command line.

According to Ethereum creator Vitalik Buterin, gas fees could be as low as $0.002 after the ETH merger. To be clear, the combined gas fee drop, including aggregates, could be between $0.002 and $0.05.

Earlier news, the Ethereum Goerli testnet has completed the merger, Goerli is the last of the three public testnets of the Ethereum testnet, after this, the mainnet merger is expected to happen sometime at the end of September.

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According to official news, HyperPay Wallet has paid attention to the current market dynamics and discussions on ETH forks. On the premise of respecting the consensus of the community, HyperPay will support the ETH merger and upgrade, but will also support the subsequent ETH chain assets that may be successfully forked (including but Not limited to the mainnet currency), in the case of a comprehensive understanding of user opinions, according to the HyperPay wallet rules, as soon as possible to open relevant forked tokens transactions, wealth management and other services.

Founded in 2017, HyperPay Wallet is a multi-ecological digital asset wallet that integrates managed wealth management wallets, decentralized self-managed wallets, HyperMate hardware wallets, and co-managed wallets. It provides users with services such as asset custody, wealth management value-added, and consumer payment.

Crypto trading platform Bitfinex has announced support for the Ethereum merger upgrade. It is reported that Bitifnex will not suspend any trading activities during the merger upgrade.

Additionally, trading of ETH/USDT, ETH/BTC and ETH/EURT perpetual contracts will continue as usual.

The planned Ethereum merger (The Merge) is expected to take place in Q3/Q4 2022. The current Ethereum mainnet will merge with the Proof of Stake Beacon Chain network.

FTX said it has no plans to suspend or settle ETH futures ahead of the merger, and will do its best to support its subsequent trading.

Ethereum futures and perpetual contracts (ETH-0930, ETH-1230, ETH-PERP) on FTX will track the Proof of Stake Ethereum network after the merger. FTX said it will continue to provide more details.

At present, the total market value of various Bitcoin and Ethereum securities products in the market has reached 11.117 billion US dollars, an increase of 110.69% over the previous day.

Among them, the market value of Bitcoin securities products totaled $5.212 billion, accounting for 1.14% of the current market value of Bitcoin. The market value of Ethereum securities products totaled $5.904 billion, accounting for 2.78% of the market value of Ethereum.

Banking giant Citibank says ethereum merger could boost shares of cryptocurrency exchange Coinbase, according to Citibank analyst Peter Christiansen, amid ethereum merger, Coinbase is brewing well, plus possible regulatory clarity for stablecoins .

Analysts say the former could represent Coinbase’s (COIN) annual blockchain reward revenue in the hundreds of millions and incentivize the development of Web 3.0.

Currently, since EIP-1159, Ethereum has produced a total of 5,079,608.41 ETHs and destroyed a total of 2,562,133.22 ETHs. On average, 4.88 ETHs were destroyed per minute, with a total destruction rate of 50.44%.

Ethereum Layer 2 network zkSync has announced that a new development environment for v1 has been made available on the Goërli testnet. We have migrated from Ropsten and Rinkeby to Goërli and Sepolia due to potential network stability issues resulting from the merger.

zkSync said that if developers encounter problems with the migration, they can send a message to the official on Discord.

The latest data shows that the total open interest of ETH options on top exchanges has increased from $2.74 billion on July 2 to more than $7 billion on July 29. Currently $5.9 billion. Meanwhile, total open interest in ETH futures reached $7.58 billion on July 30, up from $4.71 billion on July 2. (Open positions represent the value of all open positions that have not yet been settled).

Joshua Lim, head of derivatives at Genesis Global Trading, revealed that hedge fund activity has begun to increase, and the popularity of low premium option structures in ETH is mainly from macro discretionary hedge funds. If ETH/USD trades at a spot price of around $3,000 in December 2022 At the close, a common structure might be a call option.

The Ethereum wallet Rainbow announced that it has launched a built-in transaction service that supports Ethereum, Polygon, Optimism and Arbitrum, and the transaction fee is 0.85%.

Rainbow will select the best transaction path through intelligent routing in the contract, and prevent users from failing transactions due to MEV robot attacks through Flashbots Protect.

The Ethereum staking protocol Pocket Pool Smartnode stack has been upgraded to v1.5.0 to support the upcoming Redstone upgrade and Ethereum merger. Among them, the Redstone upgrade is expected to be carried out on the mainnet on August 29.

In addition, this version will be fully compatible with the launch of Goerli – Prater Merge around the second week of August, and users who wish to test it will need to upgrade to this version as soon as possible.

This release will no longer support light clients such as Infura or Pocket, and users will need to run the full execution client.

Nansen CEO Alex Svanevik tweeted that over 90% of ETH transactions currently use EIP-1559.

It is reported that EIP-1559 was first proposed by Vitalik Buterin, the founder of Ethereum, in 2018 and implemented in August last year, aiming to reduce transaction fees by introducing fixed fees and a destruction mechanism.

The latest transaction data shows that ‍♡.eth was traded at a price of 100 ETH, which is about US$160,950.00, setting the sixth-highest transaction value in the history of Ethereum’s domain name service (and tied for the fifth-highest transaction record in history in terms of ETH). At the time of writing, ENS traded at $1.0204 in total, with a market cap of around $68.21 million.

Members of the Optimism community, the second-layer expansion network of Ethereum, initiated a proposal to allocate 1 million OP tokens to Curve’s sUSD, sETH, and sBTC pools proportionally, including 50,000 per week, for a total of 20 weeks.

It is reported that among the 50,000 OP allocated every week, 25,000 OP is used for the sUSD pool, 15,000 OP is used for the sETH pool, and 10,000 OP is used for the sBTC pool.

According to OpenSea data, the transaction volume of Ethereum Domain Name Service (ENS) NFT in the past 24 hours was 213.46 ETH, and the 24-hour transaction volume increased by 129.39%. It ranks No. 9 in OpenSea in terms of transaction volume in the past 24 hours.

ZigZag, the native decentralized trading platform on the Ethereum Layer 2 network zkSync, has launched a beta version on the Arbitrum network. Protocol upgrades include placing multiple orders and partial execution of transaction orders. To incentivize liquidity depth, market makers do not have to pay.

In the testing phase, the transaction fee is tentatively set to 0, and then it is expected to charge 0.05% transaction fee as a source of protocol profit.

In the current Arbitrum test version of ZigZag, two token trading pairs USDC/USDT and ZZ/USDC are listed. Through ZigZag’s permissionless listing process, any user can provide liquidity with their own funds as needed.

According to Dune Analytics data, the current TVL of the Ethereum bridge is $7.66 billion. Among them, the five bridges with the highest lock-up volume are PolygonBridges ($4 billion), ArbitrumBridges ($2.307 billion), OptimismBridges ($732 million), NearRaibow ($658 million), and FantomAnyswapBridge ($544 million).