I heard that the mine collapsed, everyone is making money, right?
---Not Satoshi Somoto himself
The value of Ethereum
alt="Is the value of ETH underestimated? Looking back at 2020 ETH is the king"/>
Recycling 2020, in fact, found that among mainstream coins, or among the top market value coins, the best one is Eth, whether it is landing or what to do. Let's look back at Ethereum 2020.
You can talk about Ethereum's 2020 from a few points.
1. Fundamentals
2.DeFi
3.Eth2 and L2
4.NFT
Fundamentals
price
Eth from January 9, 2020 to today January 9, 2021, the increase is 752.1%, and from March 13, 2020 to today, the increase is 1273.8%;
According to the minimum standard of Eth2.0, 32 Eths were worth 4064U at the beginning of last year, No. 3.13 was worth 2784U, and now it is worth 38208U;
I can only say that you didn't care about Eth before, but now Eth has a feeling of being too high.
This year, the transfer on the Eth chain is also very active. The active kind is beyond the scope of ordinary people’s understanding. Of course, the most important thing is the miner fee. Don’t mention the miner fee when UniSwap airdropped in early October. The miner fee, due to the increase in Eth and some unknown factors, moves the gas fee close to 90U once, what do you think?
Gas transfer remains high:
Now the Gas Fees are not very expensive, only 10.39U is enough. Tap 10 to get 103.9U. Don't miss it when you pass by.
The daily handling fee consumed by Eth transfer is as high as 11193.15 ETH. As far as the 8th day is concerned, it has been at a level of 10000 Eth recently, that is, the daily miner fee is approximately maintained at more than 12 million US dollars;
I don’t know if the data is right or not. Anyway, it’s pretty tiring to find. If you make a mistake, remember to name it and spray me to let me know that I’m wrong.
And all of this will be analyzed next.
DeFi
TVL (total value lock position)
If you look closely, you will find that the curve was flat before June, and it has become an upward curve since June, and gradually the slope has become higher and higher in the last 2 months;
TVL also increased from 895 million U.S. dollars at the beginning of the year to 30.57 billion U.S. dollars, an increase of nearly 33.5 times;
And we can sort out the increase in each stage and follow the timeline:
In 1.6, Compound began to issue coins, and started lending and mining, and began to lock a large amount of TVL. After that, Ampl started to make liquidity rewards on UniSwap, and there was no such thing as mining at the time;
2. Balancer directly speculates the homework, learns Compound to start issuing coins, and also starts to lock TVL;
At the beginning of 3.7, YFI turned out to be a "mining era" and directly locked a large number of TVLs, but they were not prominent. After that, YFII appeared and opened the era of machine gun pool;
Yam was proposed for the first time in early 4.8, and 200M of funds was locked within 2 hours, creating the era of "fruit mining";
5. Cruve began to issue coins and joined the "fruit mining" era. At this time, SushiSwap began to "hijack" UniSwap traffic to open liquidity mining, and various mines began to emerge;
6. In October, UniSwap began airdropping Uni, and launched UNI's liquidity mining to directly lock 1.4B liquidity, and liquidity mining reached a climax;
7. Digital currencies began to rise, UniSwap's wealth-making effect became prominent, and algorithmic stablecoins began to appear, covering liquidity mining and locking up a lot of TVL;
8.1 INCH airdrops, leading to one by one began to look for DeFi protocols that have not issued coins, and started interacting to try if you can get the airdrop;
9. Algorithmic stablecoin mining is hot, Mith.Cash directly completed the last piece, locked the 1B TVL, and opened 2021;
In the end, Eth, the handling fee soared, and the TVL continued to increase, and the call for Layer 2 was a matter of course.
Eth2.0 and Layer2
alt="Is the value of ETH underestimated? Looking back at 2020 ETH is the king"/>
Ethereum 2.0 is a new generation of Ethereum, we shouldn't even call it Ethereum. Ethereum 2.0 is a completely different project, adopting a new idea in the architecture of the blockchain.
The goal of Ethereum 2.0 is to improve the scalability, security and programmability of Ethereum.
Unlike Ethereum 1.0 which can only achieve a throughput of 15 TPS, Ethereum 2.0 can process thousands to tens of thousands of transactions (or even more) per second without reducing its degree of decentralization.
In fact, Ethereum 2.0 wants to introduce a more economically secure consensus mechanism called Proof of Stake (PoS), instead of following the Proof of Work (PoW) used in Bitcoin and Ethereum 1.0.
In short, Eth2.0 came into being to solve the weakness of Eth1.0, it depends on whether it can be solved.
As for Layer 2, the market is extremely hungry.
To put it simply, other public chains such as TRON or EOS are the main ones, that is, the speed and Fees are low. After all, the same thing is actually quite simple to build. You must have a competitive advantage. You can't say your dad. Are you richer than other fathers?
Especially as mentioned in the previous article, the Eth Fees is extremely high, a sum of dozens of dollars-dozens of dollars or even hundreds of dollars, and my mood is very complicated. The money I earned is finally given to people.
alt="Is the value of ETH underestimated? Looking back at 2020 ETH is the king"/>
In fact, there are quite a few Layer 2 options on the market, but the threshold is still relatively high, and it is not very convenient to use, so if a Layer 2 thing with simple operation and low threshold comes out, it should be a killer application.
NFT
alt="Is the value of ETH underestimated? Looking back at 2020 ETH is the king"/>
The first climax of the NFT sector came from the airdrop of MEME pineapples, airdrops to get rich, probably a full-fledged house in a second-tier city per capita, it seems like this.
alt="Is the value of ETH underestimated? Looking back at 2020 ETH is the king"/>
Of course, Binance later listed a series of NFT tokens, such as Pokemon AXS, and a series of CHZ tokens, all of which are representatives.
Of course, as far as is concerned, there is no use of maximum NFT at all. Is it the legendary XJB talk?
Anyway, I don’t quite understand this. If NFT is valuable, I plan to go to the Central American Academy of Fine Arts or other art academies to find some people to cooperate and draw some pictures for everyone. Welcome to buy them at that time.
However, there is indeed a card game with a card of several hundred Eth. There are also giant whales buying NFT products. I am sorry that can't understand it.
to sum up
The reason why Ethereum has risen this year is due to the superposition of the above various benefits. Let us be a sensible person. In short, we must know what is happening and why.
Because of the relationship between supply and demand, it will naturally be reflected in the price.
If Eth falls, don’t be afraid, then there must be a problem in it, or alternative products have appeared. After all, the public chains that have been built since 17 are known as "Ethereum" killers, but they really kill themselves. , Salute.
Altcoins
Algorithmic stablecoin: The first algorithmic stablecoin was announced the day before yesterday in TRON. It began to plummet yesterday, and today began to plummet across the board. Basically, they were all bloodwashed. The rise and fall vary. The least fall seems to be Bas. I don’t know. Shouldn't you be lucky.
Mis fell from the highest of 2700 yesterday to the current 214, and the lowest of the day is about 160. There are also various algorithmic stablecoins on Matcha, and the ones that fall are more brutal than the other.
I can only say that I ran away somehow, ran away to play Heco and then dug a loneliness somehow, really lonely.
At least for now, does not think there is any algorithmic stable currency suitable for bargaining, and they have not landed. Basically, the gameplay is still on the plate. The key point is that everyone is speculators. There is no believer. If you have faith to play It should be Basis Cash, and that's all.
Wise: I saw this coin a long time ago and I don’t know what it is. It suddenly became hot today. The fund pool is ranked third on UniSwap. Write this tomorrow. I bought 20000U today and look at it. Let’s take a look. , The pool is huge. I heard that it is a plate or an overseas plate. Those who are interested can play. I don’t know the risks and don’t know much about it.