【Summary】
Lending: On October 19, MakerDAO implemented an increase in the debt ceiling for RWA015 and RWA007. The current ceiling is 6.815 billion, and the current RWA asset size is 3.327 billion; the Aave community initiated a new proposal, proposing to introduce user aTOKEN as a voting mechanism Userocracy.
LSD: Last week, the ETH staking rate rose to 23.22%, a month-on-month increase of 0.54%. Last week, 27.93 million ETH were locked in the beacon chain, corresponding to a staking rate of 23.22%, a month-on-month increase of 0.54%; among them, there were 864,600 active verification nodes, a month-on-month increase of 0.29%, and the verification nodes waiting to be activated in the queue were cleared.
Ethereum L2: The total TVL of Layer2 is 11.09 billion US dollars, and the overall TVL has increased by 4.99% in the past 7 days. Since the launch of the Scroll mainnet, the TVL has reached 15.24 million US dollars, with L2 accounting for 0.14% and a 7-day growth rate of 1526.66%.
DEX: Dex combined TVL 10.92 billion, basically the same as last week. Dex 24-hour trading volume 1.57 billion, 7-day trading volume 12 billion, an increase of 1.5 billion from last week.
POW: In the past week, BTC has risen strongly, bringing about the rise of BTC-related tokens. LTC/BCH/KAS/BSV have all risen, with BSV having the largest increase in seven days, mainly due to Binance's resumption of BSV contracts, which has brought greater trading enthusiasm and trading volume. However, FLUX/DNX have declined, with DNX experiencing a large drop and not following the market trend.
【Loans】
MakerDAO
On October 19, MakerDAO implemented an increase in the debt ceiling for RWA015 and RWA007. The current ceiling is 6.815 billion, and the current RWA asset size is 3.327 billion. When MakerDAO's RWA size reaches 6.8 billion, the annual revenue of the protocol is expected to be 200 million US dollars. With the increase in the RWA debt ceiling, the size of MakerDAO DSR has also increased to 1.75 billion US dollars.
Ghost
The Aave community initiated a new proposal, proposing to introduce user aTOKEN as a voting mechanism Userocracy.
The proposal points out that the current problem with Aave DAO is that Aave token holders have all the power and voting rights, while protocol users do not have any voting rights, and early Aave owners and Aave holders have too much voting power. Therefore, it is recommended to make the following changes to DAO:
- 50% of voting rights belong to Aave token holders;
- 50% of voting rights belong to users, i.e. aTOKEN holders (including debt and collateral).
【LSD】
Last week, the ETH staking rate rose to 23.22%, a month-on-month increase of 0.54%. Last week, 27.93 million ETH were locked in the beacon chain, corresponding to a staking rate of 23.22%, a month-on-month increase of 0.54%; among them, there were 864,600 active verification nodes, a month-on-month increase of 0.29%, and the queue for activation of verification nodes was cleared. This week, the ETH staking yield rebounded to 3.52%, and the annualized inflation dropped to 0.379%.
This week, ETH staking increased by 0.54% month-on-month
This week, the ETH staking yield rebounded to 3.52%
This week's ETH annual inflation is 0.379%
Among the three major LSD protocols, from the perspective of price performance, LDO rose 7.5% in a week, RPL rose 1.3%, and FXS fell 4.5%; from the perspective of ETH pledge volume, Lido rose 0.22% in a week, Rocket Pool rose 0.63%, and Frax rose 0.84%. At this stage, the ETH/BTC exchange rate rebounded, and Defi blue chips followed the rise of ETH and performed well; last week, sFRAX changed the pledge contract. The current scale of sFRAX is 43.5 million, with a yield of 6.18%. Pay attention to the launch of FXB; Rocket Pool deposit pool balance is 18,761 ETH, RPL pledge rate is 50.61%, and the effective pledge ratio is 85.76%; SSV TVL rose slightly to 12,960 ETH, lacking pledge funds inflow.
Ethereum L2
TVL
The total TVL of Layer2 is 11.09 billion US dollars, and the overall TVL has increased by 4.99% in the past 7 days
Cancun Upgrade
The Ethereum ACDC meeting was held on October 19, with the main contents as follows:
1. Release the new CL code specification The Summoning for the Cancun/Deneb (Dencun) upgrade. The main changes are the main network KZG configuration and new invalid information rules
2. Devnet 10 is expected to be released next week, waiting for KZG in the client
ARB
Camelot, the native Dex protocol on the Arbitrum chain, has received 3.09 million ARB grants and will begin distributing them in the coming weeks. This grant will be used to introduce new builders to the ecosystem, support native protocols, and promote ARB adoption.
Scroll
Since the launch of the main network, Layerzero, Orbiter Finance, OKX Web3 Wallet, Bitget Wallet, etc. have announced to launch or connect to the Scroll main network. The current Scroll TVL has reached 15.24 million US dollars, L2 accounts for 0.14%, and the 7-day growth rate is 1526.66%.
On-chain activity
【DEX】
Dex combined TVL is 10.92 billion, which is basically the same as last week. Dex 24-hour trading volume is 1.57 billion, and 7-day trading volume is 12 billion, which is an increase of 1.5 billion from last week.
Ethereum
ETH L2/sidechain
BTC L2/Sidechain
Everything L1
【POW】
In the past week, BTC has risen strongly, bringing about the rise of BTC-related tokens. LTC/BCH/KAS/BSV have all risen, with BSV having the largest increase in seven days, mainly due to Binance's resumption of BSV contracts, which has brought greater trading enthusiasm and trading volume. However, FLUX/DNX have declined, with DNX experiencing a large drop and not following the market trend.
24-hour output and computing power
From the 24-hour product ranking, there is no change compared to two weeks ago. BTC is still ranked first, KAS is ranked third, LTC is ranked fourth, and DNX is ranked seventh.
The computing power of DNX has entered a bottleneck period and remains at 22% without major changes. The price of DNX has fallen recently and has not followed the market. There may be two reasons: first, the previous increase was large and there is a need for a correction; second, the computing power has entered a bottleneck period, there is no new computing power, and the buying volume has decreased.
