This weekly recap on Ethereum is for information purposes only, not investment advice. The recap will briefly summarize the outstanding activities of Ethereum over the past week from April 11 – April 17. Over the week markets were sideway very annoying, followed by downtrend news that made both the market gloomy and Ethereum too. However, last week the news about ETH 2.0 also made Ethereum shine, many holders believe that with ETH 2.0, Ethereum will dominate more market share. In addition, the NFT market last week was also very active, a number of Ethereum-based buil projects such as Degods had significant growth. Let’s go to the numbers in more detail.
Network Growth
Daily Transactions
Daily transactions on Ethereum from April 11 – April 17 is at a current level of 7,624.58M transactions. Down 1.53% (last week’s total transaction is: 7,741.32M). The highest number of 1,716,600 transactions was on Sunday, May 9, 2021. The lowest number of 1,329 transactions was on Sunday, August 9, 2015. Transactions on Ethereum dropped slightly, explaining this figure in the past week, the market has been unstable. However, the holders have not sold or bought much ETH and are still waiting for the market to trend more clearly.
Daily Transactions On Ethereum – Source: etherscan.io
Unique Addresses
Ethereum Cumulative Unique Addresses is at a current level of 193,673.1M and a daily increase of 78,423 addresses, Up ~0.3% (last week’s total Unique Addresses is: 193,088.1M). The chart shows the total distinct numbers of address on the Ethereum blockchain and the increase in the number of address daily. The index shows us total address increased slightly compared to previous weeks, but this number still shows optimism. Many people know about Ethereum and put it in their portfolios. According to etherscan.io, between April 11 – April 17, Ethereum has added 584,946 new and unique addresses on its network.
Unique Addresses On Ethereum – Source: etherscan.io
Active addresses
The daily active address count is 466,386 address with a received count: of 348,184 address and sends count of 241,825 address . The active addresses have a slight reduce compared to last week 501,226 address ). This is understandable because the market was in a short-term downtrend last week, so addresses that haven’t made any new moves are observing until the trend becomes clearer.
Active Addresses On Ethereum – Source: etherscan.io
Total Value Locked
Total value locked on Ethereum still taking 1st place with 55.41% ~ $113.58b. With constant development and innovation, ETH is still the chain with an outstanding number of DAPPs. Dapps built on Ethereum are increasing day by day and gaining attention because of Ethereum’s security and scalability.
Highlight Events
Multichain x Teneo Finance
Teneo Finance is a multi-layered yield generation protocol based on the trading of pegged-tokens. Users can swap tokens for their ten-tokens counterpart and start earning fees generated from trading activities. Traders and arbitrageurs can earn from price deviations between ten-tokens. Liquidity providers for ten-tokens earn Teneo, the token powering the protocol.
They are constantly working to bring something exciting for the community &they are happy to share that TeneoFinance is going multi-chain with MultichainOrg by joining hands with FantomFDN.
More information at CLICK HERE
Synthetix Quarterly Report
Presenting Synthetix’s first-ever Quarterly Report, brought to you by SNXweave and Snxgrants. Check out the link below for an in-depth review of the many happenings of Q1 – what a whirlwind of an epoch that was indeed.
More information at CLICK HERE
Bancor 3 Bug Bounty Program
Bancor is conducting multiple rounds of auditing prior to the full release of Bancor 3, including audits by OpenZeppelin, Peckshield and Certora to ensure the highest security possible. As we get close to the B3 launch, we invite developers and whitehat hackers to review the code and try to find bugs in exchange for up to USD 1 million in rewards.
Rewards will be allocated based on the severity of the bug disclosed, and are awarded at the full discretion of the Bprotocol Foundation. All vulnerabilities disclosed prior to the official launch of Bancor 3 — which is scheduled for mid-May, 2022 — are eligible to receive higher rewards.
More information at CLICK HERE
Orbit Bridge x Multichain
The first step in developing ‘Co-Mint’ for the grand integration of blockchain bridges. Meet the two major cross-blockchain bridge players, Orbit Bridge x Multichain. They are thrilled to announce that they have partnered with Multichain to build the Co-Mint architecture. Co-Mint is a multiple minter bridging solution launched by Multichain, a radical bridge solution to unify blockchain bridges.
They together, as an effective team, are about to revolutionize the decentralized bridge field and exert a powerful influence on the market. Through their intimate collaboration and combining our strong points, they build a bridge to connect fragmented blockchain and dispersed liquidity just like Orbit Chain’s original identity, connect the unconnected.
More information at CLICK HERE
Spotlight Projects
Top 05 Gainers And Loser On Ethereum Last 7 days
In the past week, tokens in the Ethereum ecosystem have decreased significantly due to the overall influence of the market, in which some tokens include: CHR, ENJ, ALI.. However, some tokens grow in 7days like: apM coin, InsurAce, Stratos
More information at CLICK HERE
Maker x Maple: A Partnership to Scale the Digital Economy
MakerDAO needs to scale the DAI supply in a long-term, sustainable way. Maple can be a gateway for Maker to reach an expanded market, providing large amounts of capital backed by real world assets in a highly efficient manner. By leveraging the DAI Direct Deposit Module (D3M) to mint DAI into sector-specific managed liquidity pools in the Maple protocol, Maker will be able to scale through Maple’s crypto-capital infrastructure, and be a catalyst for growing the DAI supply to $100 billion and beyond.
More information at CLICK HERE
Lido on Terra Bug Bounties
Lido on Terra is a Lido-DAO governed liquid staking protocol for the Terra blockchain. Luna staked with Lido is delegated to the professional validator set and the user receives stLuna or bLuna token for choose that represents their staked Luna. stLuna and bLuna allow users to make use of their staked assets in a variety of applications, securing the Terra blockchain at the same time.
This bug bounty program is focused on their smart contracts, website and app and is focused on preventing: Any governance voting result manipulation, direct theft of any user funds, whether at-rest or in-motion, other than unclaimed yield, Insolvency and rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System V2. This is a simplified 5-level scale, with separate scales for websites/apps, smart contracts, and blockchains/DLTs, focusing on the impact of the vulnerability reported.
More information at CLICK HERE
Notional Integrates Chainlink
Notional Finance is proud to be a member of the Chainlink ecosystem, with the latest V2.1 release fully integrating Chainlink Price Feeds into its leading fixed rate borrowing and lending protocol. By integrating the gold standard decentralized oracle network, we now have the blockchain industry’s most reliable and accurate source of high-quality price data. Notional utilizes these feeds to accurately calculate collateralization ratios, which are used to trigger liquidations and help ensure protocol solvency. To start, we have integrated the following Chainlink Price Feeds: ETH/USD, BTC/USD, USDC/USD, and DAI/USD.
More information at CLICK HERE
If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
Alan
Coincu Ventures
