Citi: Ethereum merger will have multiple impacts on blockchain

DeFi Data

1. Total market value of DeFi tokens: $50.128 billion

DeFi total market value data source: coingecko

2. The transaction volume of decentralized exchanges in the past 24 hours was US$4.607 billion

Data source for decentralized exchange trading volume in the past 24 hours: coingecko

3. Assets locked in DeFi: $69.44 billion

The top ten rankings of DeFi projects’ locked assets and locked-in amounts. Data source: defillama

NFT Data

1. Total NFT market value: $23.364 billion

Data source of NFT total market value and top ten projects by market value: Coinmarketcap

2. 24-hour NFT trading volume: $ 5.162 billion

Data source of NFT total market value and top ten projects by market value: Coinmarketcap

3. Top NFTs in 24 hours

Top 10 NFTs with the highest sales growth in 24 hours Data source: NFTGO

NFT/Digital Collection Hotspot

1. The market value of NFT project Genesis Pass exceeds 10 million US dollars

According to data from NFTGo.io on August 5, the market value of the hardware wallet Ledger NFT project Genesis Pass has exceeded $10 million, and is currently $12.52 million, with a total transaction volume of $5.74 million. In addition, the current floor price of Genesis Pass is 0.7449 ETH, a 24-hour increase of 39.23%.

2. The Old Summer Palace launched two digital collections, "Creation Badge" and "Double-petaled Old Summer Palace"

Golden Finance reported that Old Summer Palace launched two official digital collections, "Genesis Badge" and "Double Lotus", on the "Xingyuan Digital Art" platform. The "Genesis Badge" was inspired by the palace token, with the front of the Old Summer Palace fountain illuminated by the stars. Above the Yuanming, the crescent moon is the crown, and the crescent moon opens to form magnificent mountains, which are combined into phoenix feathers. The design inspiration of "Double Lotus" comes from the blooming lotus in the Old Summer Palace. The lotus has two flowers on one stem, symbolizing the same heart, the same roots, the same happiness, and the same life. It was launched on the Chinese Valentine's Day, which has a particularly auspicious and beautiful meaning.

3. Data: Bored Ape Yacht Club series NFT transaction volume increased by more than 250% in the past 24 hours

Golden Finance reported that according to OpenSea data, the transaction volume of Bored Ape Yacht Club series NFT in the past 24 hours was 550.59, and the transaction volume increased by 258.9% in the past 24 hours. The transaction volume in the past 24 hours ranked second in OpenSea.

4. ApeCoin Community AIP-64 proposes a feasibility study on NFT conferences and festivals

On August 5, the ApeCoin community released AIP-64, which is a feasibility study on Web3 Village (NFT conference and festival). Voting will end at 9:00 on August 11, Beijing time.

5. Data: NFT trading platform SudoSwap TVL exceeds US$1.4 million

On August 5, DeFiLlama data showed that since August 1, the TVL of NFT trading platform SudoSwap has surged and currently reached US$1.444 million.

6. NetEase Media launches NetEase News Digital Collection Library and registers blockchain information service with the Cyberspace Administration of China

According to Golden Finance, NetEase Media officially announced the launch of the "NetEase News Digital Collections" on August 5, and released the Genesis Badge digital collection - "Yiwen Tianxia". The NetEase News Digital Collections is technically supported by NetEase Media's self-developed alliance chain "Yiwen Chain", which is safe and stable in various scenarios such as digital asset chain and copyright protection. At the same time, the Digital Collections has passed the blockchain information service registration of the State Internet Information Office, and has strict user security management.

7. Flow tokens rose 38% after Meta announced the launch of NFT display function

According to Golden Finance, the token of Flow blockchain soared by more than 35% after Meta decided to use blockchain to expand its NFT plan. Data shows that FLOW has risen 38% to $2.62 in the past 24 hours. The price hit a high of $2.84, the highest level since May 31. (CoinDesk) Earlier, Meta founder Mark Zuckeberg announced that Instagram is introducing digital collectibles to more than 100 countries or regions in Africa, Asia Pacific, the Middle East and the Americas (to display NFTs on Instagram), and has also launched integration with CoinbaseWallet, Dapper and support for Flow blockchain.

8. Tiffany NFT "NFTiff" transaction volume exceeded US$140,000, with a market value of US$7.88 million

According to the latest data from NFTGo.io on August 4, the current transaction volume of Tiffany's NFT "NFTiff" has exceeded US$140,000, with a market value of US$7.88 million. Tiffany's NFT "NFTiff" will start pre-sale at 10:00 a.m. Eastern Standard Time on August 3, 2022, and only 250 pieces will be sold.

De Fi Hotspot

1. Ethereum infrastructure team Nimbus launches the first financial derivative product in DeFi

On August 5, Ethereum infrastructure team Nimbus announced the launch of its first DeFi structured financial derivative product "Smart-Stakern-NFT". As a portfolio enhancement tool and a yield-generating price volatility hedging tool, "Smart-Stakern-NFT" includes a yield-generating mechanism that allows holders to receive rewards from the best Staking options. The investment threshold for this product is 1BNB or 200BUSD.

2. Ethereum’s 7-day average gas fee reached 14.57Gwei, a new low this year

On August 5, according to the OKLink multi-chain browser, the current Ethereum network gas fee has dropped to 12 Gwei, and the ETH average gas fee (7-day average) has hit a new low this year, at only 14.57 Gwei.

3. Ethereum has destroyed more than 2.56 million ETH

On August 5, according to Tokenview on-chain data, since EIP-1159, Ethereum has produced a total of 5,079,608.41 ETH and destroyed a total of 2,562,133.22 ETH; an average of 4.88 ETH is destroyed per minute, with a total destruction rate of 50.44%.

4. Security Team: Doge Capital project Discord server was attacked

On August 5, according to CertiK monitoring, the official Doge Capital project stated that its Discord server was attacked, and community users are requested not to click, mint or approve any transactions.

5. Aave V3’s total market size on Optimism exceeds $1.2 billion

On August 5, according to official website data, the total market size of AaveV3 on Optimism exceeded 1.2 billion US dollars, the total loan amount was nearly 880 million US dollars, and the borrowable funds were 365 million US dollars. According to DefiLlama data, Aave's TVL on Optimism has surpassed Synthetix and ranked first. It was previously reported that Aave V3 announced that it had launched liquidity mining on Optimism. Liquidity mining will last for 90 days, and a total of 5 million OP tokens will be awarded.

6. Ethereum core developers: If the test network merger goes smoothly, the total difficulty of the Ethereum main network merger will be agreed on on August 11

On August 5, Ethereum core developer Tim Beiko said on social media that in order to ensure that the community is well prepared for the reorganization of the Ethereum mainnet merger, the team will determine the mainnet merger time as soon as possible. If the merger of the Goerli testnet goes smoothly, the development team will make a preliminary setting of the total difficulty (TDD) of the Ethereum mainnet merger in the conference call on August 11. Then, based on subsequent progress, the TDD will be re-determined on August 18.

7. Vitalik Buterin: Centralized stablecoins may become an important determinant of ETH hard fork

According to Golden Finance, Ethereum co-founder Vitalik Buterin said that centralized stablecoins such as Tether (USDT) and Circle USD (USDC) could become "important deciders in future hard forks." At BUIDL Asia held in Seoul on August 3, the Ethereum co-founder said that centralized stablecoins could be an "important" determinant of which blockchain protocol the industry "respects" in a hard fork. Vitalik Buterin added that Ethereum could see more controversial hard forks in the next five to ten years, and centralized stablecoin issuers could become more influential decision makers.

8. Aptos updates Devnet and removes some Diem legacy and core logic from the update framework

On August 5, Boris Povod, co-founder and head of R&D of Pontem Network, posted on social media that the Devnet (developer network) of the public chain project Aptos has been updated recently. The updates include that the default table no longer has a length, the simple_map can be deleted, the pledge is switched from the remaining lock position to the circular lock position, the block height is unified with the event counter, and the timestamp of the test is increased by using Timestamp::fast_forward_seconds. Boris Povod said that a lot of Diem legacy and some core logic (such as module publisher whitelist and script whitelist, etc.) were deleted from the update framework, and most of the work on the new module release mechanism submitted has been completed, including some work related to module updates is still in progress.

Metaverse Hotspots

1. CNOOC's "Metaverse Energy Innovation Studio" was officially unveiled

Golden Finance reported that the "Metaverse Energy Innovation Studio" of CNOOC, China's third largest oil company, has been officially unveiled at CNOOC Research Institute Co., Ltd. CNOOC said: "Metaverse Energy Innovation Studio" will realize the combination of core key technologies of Metaverse with offshore oil and gas energy application scenarios, solve the needs of visualization, immersion and interactivity in the business, and help the company's digital transformation and intelligent development.