Guide Ethereum Q4: Explosion du métaverse, Stand by DeFi 2.0

This line is the first revelation of James Wang's "Ethereum Announcement Q1 2021 Results".

One of the key pieces of data that measures a company's health is its quarterly earnings report. These reports include cash flow, earnings reports, and key growth metrics.

Ethereum is not a company... it cannot publish its own quarterly reports. So we will change it.

The data below shows the annual growth of the Ethereum protocol and the Ethereum ecosystem between Q4 2020 and Q421. All of these can be found on the channel for everyone to check out.

It is the financial information for digital countries that has emerged. The market has grown by leaps and bounds over the past 12 months.

The state of Ethereum is strong.

Procedure

Network revenue increased 1.777% from $231.4 million to $4.34 billion. Network revenue refers to the amount ETH users pay to do business on the network. Of this amount, $3.78 billion (87%) of ETH was “burned” and removed from EIP-1559 circulation.

The median daily spot price increased by 35% from 425,636 to 572,700. It measures the average wallet address of someone associated with the network on a daily basis each month.

ETH inflation fell 64% from 1.13% to 0.46%. It traces the increase in ETH deductible fire bills due to the blocking of rewards paid to miners as trade insurance rewards.

ETH's stake increased by 471% from 1,545,486 to 8,818,933. It measures the cost of ETH's stake in a "beacon chain" that will eventually integrate with the current Ethereum network during the change from Proxy Proxy (PoW) to Proxy Proxy (PoS). Currently, around 7.40% of all ETH products are contracted under liability.

The median exchange rate increased 557% from $4.09 to $26.89. This represents the average cost that users pay for an exchange on the network.

Overview of the ecosystem

DeFi TVL increased by 770% from $17.73 billion to $154.2 billion. Measure the value of assets placed on the Ethereum-based DeFi app.

DEX trading volume increased by 495% from $48.97 billion to $291.53 billion. It tracks the wrapping activity of the largest Ethereum exchanges, including Uniswap, SushiSwap, and Curve.

Ethereum's BTC increased by 133% from 138,190 to 321,730. This represents tokenized Bitcoin in various formats such as wBTC, renBTC, and tBTC, which currently make up around 1.69% of Ethereum's BTC supply .

OpenSea revenue increased 50,078% from $71.57 million to $35.91 billion. It tracks sales in the largest network in the NFT industry.

Tier 2 TVL increased by 11.002% from $5.1 million to $5.55 billion. It measures the cost of Etheruem to L2 solutions like Optimistic and ZK Rollups.

Ecosystem Highlights

metaverse rupture

Part of the theme of Q4 is the explosion of memories and thoughts around the metaverse.

Metaverse's impact rate rose parabolically in the fourth quarter of October 2021, when Facebook announced that it would change its name to "Meta". This includes tokens used to run virtual worlds and exchanges, such as Decentraland (MANA) and Sandbox (SAND), whose tokens were valued at 337% and 635%, respectively, as of Q4. Both projects have also achieved world records for land sales, including $2.43 million in the past and $4.3 million in the future.

MVI, a basket of metaverse tokens produced by Index Coop, rose 197% at the end of November after rising 88% for the quarter from October 1 to December 31, 2021.

The hype around crypto-native projects covers the news that legacy companies like Microsoft are planning to jump into the metaverse. This paves the way for the final release of Web2's Metaverse and Web3's Open User Metaverse Master.

The rise of DeFi 2.0

Another key theme for the fourth quarter is the rise of “DeFi 2.0”.

It is a term widely used to describe the next generation of processes and principles that apply to financial development, efficiency and financial management, and is used in a wide range of chain contexts and sub-processes to follow development strategies. With new developments, many of these processes are fundamental and do not generate funds from the traditional business environment. These projects will improve design, reduce emissions and drive asset demand.

Several key examples of DeFi 2.0 were announced during the fourth quarter. These include the rise of Frog Nation, where the standard ecosystem has raised over $7 billion in TVL, Olympus DAO, and Fei, where the Treasury with less risk-averse value, more of 203 million dollars were generated during the "OHM". Fork SZN" period. Rari Capital was listed on TribeDAO.

Perspectives

Fiscal year 2022 will be an important year for Ethereum.

At the heart of the process, Ethereum is expected to complete the most significant change in history in the form of an "integration", which is expected to be completed in Q2/Q3. This includes the Ethereum Modified Proof of Service (PoW) agreement with Proof of Stake (PoS), which allows the network to further reduce power consumption with the necessary ETH issue to protect the network. . The integration will also pave the way for sharding, making it easier to expand Ethereum and realize its vision of a modular blockchain.

Despite the merger, Ethereum will face significant challenges this year. This often takes the form of an increase, as oil prices have pushed all but the wealthy consumers out of the market, in addition to strong competition from other ecosystems such as Solana, Terra, Cosmos, Avalanche, and Fantom. If Ethereum hopes to manage and grow its business in the future, it needs its solution. Fortunately, there may be L2 files along the way, such as Optimism, Arbitrum, zkSync, StarkNet.

As each of these solutions has the potential to create tokens and tokens, there is a good opportunity for Ethereum to invest in this space and use its new discovery capabilities to support growth. .

Remarks