SSV Network Releases Governance 2.0 Plan to Establish SSV Foundation
SSV Network, the Ethereum staking infrastructure, has released its Governance 2.0 plan, aimed at establishing the SSV Foundation and decentralizing power to the community, moving towards community governance of the protocol. Currently, SSV Network consists of three core parts: an open-source protocol, SSV DAO, and the newly established SSV Foundation.
Ethereum Liquid Staking Derivatives Finance Ecosystem Sees 58.7x Growth in 2023
The Ethereum liquid staking derivatives finance (LSDFi) ecosystem has experienced significant growth this year as ETH holders choose to stake rather than liquidate. Despite the ability to withdraw ETH with the Ethereum Shapella upgrade in April 2023, the LSDFi sector has grown by 58.7x since January, with LSD protocols accounting for 43.7% of the total 26.4 million ETH staked by August 2023. The total value locked in LSDFi protocols has grown 5,870% since January 2023, while the total decentralized finance TVL has contracted by around 8% over the same period. The rise of LSDFi platform Diva, which offers higher incentives than Lido, has been cheered on by Ethereum proponents.
Crypto Analyst Predicts Ethereum-Based Altcoin's Massive Gains Will Be Erased
According to a popular analyst on social media platform X, an altcoin on the Ethereum blockchain, Tellor Tributes (TRB), is likely to lose a significant portion of its recent gains. The trader predicts that TRB has reached its peak and will eventually drop down to $32 based on his chart analysis.
Whale addresses holding at least 1 million ETH reached 32.3% of available supply for first time since 2016
Whale addresses holding at least 1 million ETH have for the first time since 2016 accounted for 32.3% of the available supply.
Ethereum client Prysm releases v4.1.0 version, providing basic support for Deneb/Cancun
On October 17th, the Ethereum client Prysm released version v4.1.0, which includes new features such as:
Providing basic support for Deneb/Cancun;
Reducing memory usage through Multi-Value Slices;
EIP-4881 for optimizing block processing;
BLST0.3.11 improves portable build performance;
Real-time preview of Multiarch Containers, and more.
A Giant Whale Went Long ETH Through Leverage
October 17th, as monitored by on-chain data analyst Yu Jin, a certain whale leveraged long ETH 4 hours ago, and through 2 addresses, collateralized 20,016 ETH (approximately 31.9 million USD) on Aave and borrowed 21 million USDT, then bought 13,101 stETH at an average price of 1602 USD per coin.
Coinbase: Investor demand for Ethereum staking returns has slowed
Coinbase (COIN) stated in a research report on Friday that the Ethereum blockchain validator queue has been cleared for the first time since Shanghai was upgraded in May, indicating that investor demand for ETH staking is becoming stable. The report stated that as validator entries peaked in recent months, staking yields have dropped from over 5% to 3.5%. Activity on the Ethereum mainnet remained stable in the third quarter, while total transaction volume increased.
Coinbase stated that if basic activity and transaction fees on the network remain consistent, staking yields are expected to remain stable due to a slowdown in validator growth.
Uranium Finance attacker bridged 3.11 million BUSD to Ethereum
On October 16, according to PeckShield monitoring, the attacker address of Uranium Finance bridged 10,000 BUSD from BNB Chain to Ethereum through Stargate. The attacker's address on BNB Chain currently holds 13.4 million BUSD and 22,000 BNB (worth about 4.7 million US dollars).
One hour later, the attacker's address bridged 3.11 million BUSD to Ethereum through LI.FI and Stargate.
The attacker address of UraniumFinance on the Ethereum network has received 1,946.06 ETH (about 3.02 million US dollars) and USDT and USDC worth about 25,500 US dollars.
The total amount locked on Ethereum Layer 2 is US$10.385 billion
L2BEAT data shows that the total locked amount on the Ethereum Layer2 is currently 10.385 billion US dollars, a decrease of 3.89% in the past 7 days. The highest locked amount is for the scaling solution Arbitrum One, which is about 5.705 billion US dollars, accounting for 54.94%, followed by Optimism, with a locked amount of 2.578 billion US dollars, accounting for 24.82%.
Summary of the latest meeting executed by Ethereum core developers: Dencun testing and development of EVM object format.
On October 12th, Ethereum developers gathered on Zoom for a conference call. The meeting was hosted by Tim Beiko, the protocol support lead at the Ethereum Foundation, and developers discussed and coordinated changes to the Ethereum execution layer (EL).
