Ethereum News

According to Lido official data, the amount of Ethereum pledged through the platform has exceeded 6 million ETH, reaching 6,023,685 ETH so far, worth about $12,560,701,428. The current APR is 4.3%, and the rewards paid have reached 284,367 ETH, or about $592,967,567 .

Historical data shows that the number of Lido Ethereum pledged exceeded 4 million ETH in September 2022, and exceeded 5 million ETH in January 2023, which means that the pledged amount has increased by more than 20% in less than three months.

According to data from Nansen, an on-chain analysis company, as of April 17, there were 124,000 ETH pledged, surpassing the 64,800 ETH withdrawn for the first time.

Over the past 24 hours, the amount of ETH staked was 94,968 and the amount withdrawn was 27,076.

This is the first time since the Shapella hard fork on April 12 that the amount of ETH staked has exceeded the amount of ETH required to be withdrawn.

According to CoinGlass, ETH open interest stood at more than $7.6 billion as of Friday. Among them, the open interest on Binance exceeded $3 billion, second only to August last year.

OKX open interest reached $1.39 billion, the highest in nearly 18 months. Bybit hit a 16-month high with $1.24 billion.

ETH open interest hit an all-time high in November 2021, the peak of the last bull market, at $11.2 billion.

According to data analytics firm CryptoQuant, the upward trajectory could reinforce the current upward price trend.

Mike Novogratz, founder of U.S.-based cryptocurrency financial services firm Galaxy Digital, believes bitcoin and ethereum, along with gold and the euro, will outperform other investments as the Federal Reserve (Fed) begins to ease up on rate hikes.

According to Novogratz, the recent spate of regional bank failures could lead to a potential credit crunch that could lead to lenders cutting back on borrowers and a slowing economy.

The clearest trades have been and continue to be long gold, long euro, long bitcoin, long ethereum. These assets should do well if the Fed stops raising rates and then cuts.

Adam, a macro researcher at Greeks Live, tweeted that although the Shanghai upgrade is coming, the implied volatility IV of Ethereum options has fallen sharply, with a drop of up to 8% in two days.

The main reason for the decline in IV is the decrease in market liquidity caused by the Easter holiday. However, at the current level of volatility, it is not normal for the monthly IV to fall to the same level as Bitcoin. A large number of users are increasing their positions to short future volatility levels.

According to data from Dune Analytics, the current value of locked assets on the Arbitrum Ethereum (ERC20) chain has exceeded $4 billion, reaching $4.04 billion at the time of writing.

The cumulative value of assets locked on the Ethereum (ERC20) chain is $8.415 billion.

As of now, the number of contracts created on the Arbitrum chain is 1,960,999, and the total number of accounts created is 4.432 million, of which the number of active accounts is 3.663 million.

The LSD protocol unshETH recently launched the v2 version on Ethereum and BSC. The new version includes setting up a risk isolation mechanism for different LSD Tokens, adding multi-signature and Timelock functions, and enabling the first upgraded LSDfi product vdAMM in Shanghai.

vdAMM can convert unshETH into an AMM pool, allowing users to access deep liquidity in unshETH and exchange between different LSDs.

Official website data shows that the current TVL of the agreement has reached 26.48 million US dollars.

According to the official blog, ArchiveNode.io, the Ethereum mainnet archive node service, announced the end of the project because it believes that the service is no longer necessary and other alternatives already exist.

There is currently a strong market of remote procedure call (RPC) providers providing access to archived data, making this project obsolete.

It is reported that ArchiveNode.io has provided the service for free for developers, students and researchers for up to three years. An Ethereum Archive node is an instance of an Ethereum client configured to build an archive of all historical states.

According to data from the official website of Ethereum, the total number of validators on the Ethereum Beacon Chain has exceeded 560,000, reaching 561,517 at the time of writing, and the total amount of pledges is 17,933,480 ETH.

In addition, the APR (annual return rate) of ETH pledged on the Ethereum beacon chain has slipped slightly from the high point of 5.22% at the end of March, and is currently 4.43%.

On April 1st, the total market size of Aave V3 on Ethereum has exceeded 1 billion US dollars. As previously reported, on January 27, Aave V3 was deployed on the Ethereum mainnet.

Allows users to increase capital efficiency when supplying and borrowing related assets such as stablecoins and liquid collateralized derivatives (LSDs) through an efficient model, and also enables more risky assets to be listed on Aave as collateral in a segregated model.

On March 30th, the list of projects and fund allocation for the second round of Ethereum Research Grant (ETH Research Grant) has been announced on DoraHacks.io, an open source developer incentive platform.

In this round, a total of 5 BUIDL teams were selected for the community voting session, and the grant funding of US$5,000 has been distributed based on the community MACI voting results. The projects entering the Grant voting round in this round are: Antsyb, Eigen Network, Topia, DeGov MODEL, MemeBook.

ETH Research Grant aims to provide long-term funding for developers and researchers in the Ethereum community, covering topics such as account abstraction/ERC4337, address privacy, zero-knowledge proof, DeGov, Ethereum expansion, Data Availability, Rollups, zkEVM/zkVM, ERC/EIP , and Ethereum application adoption, etc. The event registration entrance is open for a long time, and all projects submitted before April 18 can enter the third round of project selection.

According to L2BEAT data, as of now, the total locked position on Ethereum Layer 2 is 8.713 billion US dollars, an increase of 24.32% in the past 7 days.

Among them, Arbitrum One, the expansion solution with the highest locked amount, is about 5.768 billion US dollars, accounting for 66.20%, followed by Optimism, with 1.951 billion US dollars locked, accounting for 22.40%.

According to official news, Paris Blockchain Week 2023 has come to a successful conclusion, including the participation of many star projects such as Stellar, Metamusk, Chiliz, Ethbread, and Circle.

It also conducted in-depth discussions on current hot topics such as Web3.0, Metaverse, and Layer 2, and also provided new ideas for Ethereum expansion solutions, and the cooperation reached between them can also promote the diversification of Ethereum expansion solutions. Make it possible to realize the “efficient, fast and cost-effective” Ethereum network.

According to the latest data from Dune Analytics, the total value of Ethereum’s Layer 2 expansion solution StarkNet cross-chain bridging storage has exceeded 20,000 ETH, which was 20,814 ETH at the time of writing (over 37 million US dollars based on the current ETH price), users participating in bridging transactions The quantity is 187,655.

Historical data shows that the total value of StarkNet cross-chain bridge storage exceeded 10,000 ETH in early January this year, which means that this indicator has doubled in less than two months.

According to the latest data from ultrasound.money, the burnt volume of Blur Ethereum surpassed that of NFT transaction aggregator Gem. Currently, the burnt volume of Blur Ethereum has reached 11,059.46 ETH, compared with 10,402.09 ETH for Gem.

According to data from Dune Analytics, when this article was written, the transaction volume on the Blur platform had reached 1,994,554 ETH, which is about $3.5 billion at current prices, and the total number of NFT sales was 3,312,750.

On March 22, according to the official announcement, Binance Pledged Loan announced that the BETH used to pledge the loan and VIP loan mortgage assets can also receive ETH 2.0 pledge rewards.

ETH 2.0 pledge rewards will be distributed to users’ spot wallets in the form of BETH daily. Binance will dynamically adjust parameters such as borrowable currency/pledged currency/interest rate/maximum borrowable amount according to the actual market conditions and risk levels.

News on March 18, according to Glassnode data, the number of Ethereum validators voluntarily quit reached 183 on March 16, setting the second highest record since the merger.

Voluntary exit means that validators choose to stop participating in the consensus and leave the validator pool queue. They will no longer propose or prove blocks, and they will not be able to withdraw the previously pledged ETH after the Shanghai upgrade.

The Bored Ape Yacht Club (BAYC) has tweeted that it has fixed an issue where companion traits were not displaying correctly on HV-MTL power supplies.

Metadata has been updated and traits have been added back to the collection. We also identified all instances where a user purchased an HV-MTL power supply with the mislabeled Companion feature before 7:44 PM EST.

For any buyers who last purchased these NFTs before the cutoff time, we will send ETH to the affected wallet to make up the difference between the payment amount and the minimum amount. This should be done within the next 24 hours.

On March 16th, the Ethereum client Nimbus announced that it will update the donation wallet address to 0xDeb4A0e8d9a8dB30a9f53AF2dCc9Eb27060c6557. Nimbus claims that this address is a multi-signature wallet address, which will reduce the risk of managing donations and strengthen internal operations.

Funds from the original donation address will be transferred to this new address within the next 24 hours. The Nimbus donation address on Gitcoin will be updated with this new address in the coming days. Nimbus retains access to the funds in the original donation address.