jakiro
Author: EVANSS6, Source: Author Twitter@EVAN_SS6; Compilation: Songxue, Bitchain Vision
This article will discuss the dynamics of Ethereum supply, including ETH pledge, GAS usage, exchanges balance, ETH in smart contracts, re -pledge and liquidity re -pledge and EIGENLAYER.
(1) ETH pledge
Starting from ETH’s total pledge, this is a huge upward trend and is at the level of ATH.
This is the largest pledge ever from Celsius/Figment, about 573,000 ETH.
On the other hand, a large number of new ETHs were pledged, and a large part of them were driven by Eigenlayer (detailed introduction later).
(2) GAS use
ETH has been shrinking in the past 30 days and the past 493 days (since merging).
GAS consumption is mainly driven by Uniswap, ETH, Tether/USDC, L2S, Metam4SK and OpenSea/Blur.
Further in -depth understanding L2:
The proportion of their total GAS consumption is on the rise.Dencun’s EIP-4844 will change something, but the following is the number within the above time range:
The issuance offset within 30 days and 493 days is 1.08 times /1.13 times, mainly the bear market/recovery stage.
(3) Exchange balance
Let’s take a look at the balance of the exchange.We can see that in the past year, the number of Ethereum on the exchange decreased from 19.6 million to the minimum of 14.9 million.
(4) ETH in smart contracts
This trend has continued to rise, and at present, it has almost reached the highest level of history (sorry, no charts).
(5)
@eigenlayer holds about 745,000 ETH (note that the LLAMA graphics are a bit old).Although the main LST has reached the upper limit driven by the protocol Etherfi, Kelp, and Renzo, this number has been growing steadily.
Since the beginning of December, these agreements have added about 220,000 pledged Ethereum, and continued to grow steadily before the launch of @eigen_da.@EIGEN_DA is a Celestia competitor.
The conventional LST upper limit is planned to increase on January 29, for 5 days.
In addition to the universal excitement of Eigenlayer, the RESTAKED ROLLUP BINANCE LAUNCHPOOL project @ALT_LAYER, which is supported by Polychain, announced that it will conduct airdrops, burning more enthusiasm.The airdrop is facing the pledker of @celestiaorg and a re -pledker of @eigenlayer.
Altlayer is scheduled to launch tokens on the 25th of this week.
This airdrop announcement has undoubtedly sparked a guessing of the airdrops of the airdrop from other AVS and neighboring projects to Eigenlayer in the future.
In general, both ends of supply and demand show a positive trend.Factors such as DEFI, L2, and Eigenlayer continue to absorb more Ethereum, and the supply is tightly tight. At the same time, Celsius finally stops selling.
In addition to these, I expected that in the first half of 2024, there will be several other important Ethereum projects to launch their tokens. Among them, @layerzero_labs has confirmed that Starkware/ZKSYNC is also widely anticipated.
