ETH falls below $3,500
The market shows that ETH has fallen below $3,500 and is now trading at $3,499.39, a 2.07% drop within the day with large market fluctuations. Please be prepared for risk control.
The number of validators on the Ethereum network has reached 1 million
According to data from Dune Analytics, the number of validators on the Ethereum network reached one million, with 32 million ETH staked, accounting for 26% of the total supply. Venture capitalist and Ethereum advocate Evan Van Ness stated that the current amount staked may be too much. Gabriel Weide, who operates a staking pool, believes that too many validators could ultimately lead to transaction failures. Meanwhile, Peter Kim, the engineering lead for Coinbase Wallet, stated that while the number of validators is "impressive," the figure is "artificially inflated" by the 32 ETH limit. However, he hinted that this situation may soon change. As the number of validators continues to increase, Ethereum co-founder Vitalik Buterin proposed a way to improve network decentralization. On March 27th, Buterin published a blog post proposing to punish validators based on their average failure rate. If there are many validator failures within a given time slot, each failure will be punished more severely. Vitalik believes that this method could reduce the advantage of large ETH stakers over small stakers.
The trading volume of DEX on the Ethereum chain exceeded US$2.5 billion yesterday
According to DeFiLlama data, the trading volume of Ethereum-based DEX on March 26 was 2.56 billion US dollars, ranking first. The daily trading volume of BSC-based DEX was 1.852 billion US dollars, ranking second; the daily trading volume of Solana-based DEX was 1.369 billion US dollars, ranking third.
Cointime March 24th News Express
1.Moonbeam has completed the airdrop distribution of Polkadot ecological meme currency PINK2.The total number of Ordinals inscriptions minted exceeded 63 million, and the fee income exceeded 400 million US dollars.3.BOME founder: 2543 SOL will be transferred to the new address and sent to 415 wallets as a reward refund4.BottoDAO, a decentralized autonomous organization focusing on digital art NFTs, completed US$1.67 million in financing, led by 1kx5.The current open interest on Binance BTC contracts is approximately $7.13 billion6.
Polyhedra Network: We are working on introducing zero-knowledge proof technology to Bitcoin to realize smart contract functions and high-speed cross-chain bridging.8.Stable currency project DYAD has been launched on the KEROSENEN airdrop query website
7.After the Ethereum Dencun upgrade, the L2 rollup gas cost for publishing Chainlink oracle reports dropped by 99%
9.Partisia token MPC was launched on multiple exchanges such as Kucoin, and an airdrop of 25 million tokens was launched to encourage ecological participation.
10.L2 Tech to Fuel Bitcoin (BTC) Price Rise
A certain ETH band whale once again spent 10.17 million USDT to buy 3017 ETH
Blockchain analyst Yu Jin stated in a post that a certain ETH whale bought 3017 ETH at a price of $3,371 with 10.17 million USDT half an hour ago. This whale has conducted three rounds of ETH trading in the past week, resulting in a loss of $1.47 million due to losses and wear and tear.
Dormant address containing 2,000 ETH is activated after 8.7 years
Data monitored by WhaleAlert shows that around 9:12am Beijing time, a dormant pre-mined address containing 2,000 ETH ($6,712,531) was activated after 8.7 years.
Cointime March 23th News Express
1. Blast has distributed 10 million Blast Gold to BIG BANG winners and mainnet Dapps
Ethereum network fees reached $116 million this week, down 41% from the previous week
According to IntoTheBlock data, the Bitcoin network fee this week was about $17.2 million, a decrease of 15% compared to the previous week. The Ethereum network fee was about $116 million, a decrease of 41% compared to the previous week, and speculation on Meme coins has slowed down significantly. Bitcoin saw a net outflow of $380 million from exchanges, which is a slower pace than the previous week's over $700 million. In addition, ETH set a record for the largest weekly net inflow to CEX since September 2022 (about $720 million).
Ethereum L2 TVL is US$36.38 billion, of which Base TVL increased by 29.92% on the 7th
According to L2BEAT data, the current total value locked (TVL) in Ethereum Layer2 is $36.38 billion, with a 7-day decrease of 2.23%. The top five locked values are:
Two ETH band addresses suspected to belong to the same person have accumulated losses of US$2.28 million in the past seven days.
According to on-chain analyst @ai_9684xtpa, two ETH whale addresses (presumably belonging to the same person) have accumulated losses of $2.28 million in the past seven days.
In the past 24 hours, 3 long-term traders/fund addresses transferred 32,527 ETH to CEX
According to SpotonChain monitoring, in the past 24 hours, 3 long-term traders/fund addresses have transferred 32,527 ETH (approximately $109 million) to CEX, including:
The whale that previously bought 3,113 ETH sold 3,113 ETH, resulting in a loss of US$340,000.
Blockchain analyst Yu Jin said in a post that a whale who previously spent 10.51 million USDT to buy 3,113 ETH sold all of the ETH for 10.17 million USDT just 30 minutes ago. In just an hour and a half, the whale lost another 340,000 USDT.
How to purchase Ethereum GAS in advance
This topic introduces a method for purchasing gas on Ethereum. Technically it is a fully on-chain Ethereum gas futures market. The volatility of gas prices, primarily driven by network demand fluctuations, significantly obstructs user experience on Ethereum due to unpredictable costs. This solution aims to mitigate that issue.
ETH falls below $3,300
The market shows that ETH has fallen below $3,300 and is now trading at $3,307.16. The intraday decline reached 6.62%, and the market is fluctuating greatly. Please be prepared for risk control.
IntoTheBlock: Weekly net Ethereum inflows to exchanges hit $720 million
IntoTheBlock stated in a post on X platform that with the spread of regulatory concerns, Ethereum's net inflow on exchanges reached $720 million per week, the highest weekly net inflow since September 2022.
Ethereum’s latest meeting: Agreed to include EIP 7251 in the Pectra upgrade and continue to study EIP 7547
On March 22nd, Christine Kim, the Vice President of Galaxy Research, summarized the 130th Ethereum Core Developer Consensus (ACDC) conference call, during which developers discussed and coordinated changes to the Ethereum consensus layer (CL). This week, developers discussed prominent action items related to the Dencun upgrade, the Pectra upgrade proposal, and improvements to the Ethereum network layer. Developers agreed to include EIP 7251 (increasing max_effective_balance) in Pectra and continue studying EIP 7547 (including lists) for possible inclusion in the upgrade. Among them, Danny Ryan, a researcher at the Ethereum Foundation, emphasized two major proposals, EIP 7251 and EIP 7547, when discussing Pectra code changes, and emphasized the urgency of making decisions. He pointed out that the team needs to make a decision before the end of March in order to achieve the functional prototype and development network of Electra in May. In addition, the meeting also discussed two draft proposals for light client development, including the synchronization committee penalty and light client data backfill components. The meeting solicited the opinions of the CL client team on these components, especially the impact of EIP 7251 (increasing max_effective_balance) on the punishment conditions for large validators participating in the synchronization committee.
6,000 ETH transferred from unknown wallet to Gate.io
According to the on-chain data tracking service Whale Alert, at 11:01 Beijing time today, 6,000 ETH ($21,248,864) was transferred from an unknown wallet to Gate.io.
CEHV Partner: “The Ethereum Foundation is under investigation by a certain country” is inconsistent with the facts
On March 20th, according to CEHV partner Adam Cochran's disclosure on social media, the report by Coindesk, a cryptocurrency media outlet, that "the Ethereum Foundation is under official investigation by a certain country" is not true and is an old news from three weeks ago, with a title designed to attract readers' attention. Adam Cochran stated that the regulatory agency sent a "voluntary" general information request to the Ethereum Foundation, but the title says "under investigation", which is like a police officer walking past you in a mall and asking "Hey, did you see anything happen here?" and someone writing that you are under investigation.
Cointime March 17th News Express
1.Derivatives trading platform D2X completed US$10 million in Series A financing, led by Point72 Ventures2.6 wallets received ARB from the vesting contract and deposited 8.95 million ARB to Binance3.BOME TOP1 holders will sell 190 million BOME for the first time, making a profit of US$3.76 million4.Manta Network joins hands with ether.fi to launch the first phase of Restaking Paradigm, staking ETH to earn double EtherFi airdrop points5.A giant whale took out 1,000 MKR from Aave and sold them in batches, worth $2.88 million6.Bitcoin fee income was only about $20.3 million this week, a drop of more than 33%7.BOME Token Price Surge Reflects Cryptocurrency Market Dynamics8.ETHVietnam anonymous MACI voting is officially launched. This is the first time aMACI voting technology has been used in a large-scale encryption event.9.Bitcoin Whales Withdraw Massive BTC Reserve From Exchanges, Impacting Bitcoin Price Surge10.USDC circulation increased by 1.3 billion in the past 7 days
8,000 ETH transferred to Beacon Depositor
According to Whale Alert monitoring data, at around 16:27 Beijing time today, 8,000 ETH (valued at approximately $27,913,526) was transferred from an unknown wallet to Beacon Depositor.
