Ethereum Weekly | Ethereum core developer Tim Beiko releases Ropsten merger announcement

The total locked value of Ethereum L2 network is 5.17 billion US dollars

According to L2BEAT data, as of June 4, the total locked value on Ethereum Layer2 was $5.17 billion. The largest locked value was in the expansion solution Arbitrum, which was about $2.51 billion, accounting for 48.73%. The second largest locked value was Optimism, with a locked value of $1.001 billion, accounting for 19.68%. dYdX ranked third, with a locked value of $962 million, accounting for 18.6%.

Ethereum core developer Tim Beiko releases Ropsten merger announcement

On May 31, Ethereum core developer Tim Beiko released the Ropsten merger announcement, saying that a new beacon chain has been launched today, and it is expected that The Merge will be carried out on the Ropsten network around June 8, thereby converting to PoS consensus. There are currently two things that need to be done on Ropsten. First, its beacon chain must activate the Bellatrix upgrade planned for June 2, and then a PoW total difficulty value, the terminal total difficulty (TTD), will be selected to trigger the consensus conversion. TTD should be selected before June 2 or 3 to avoid miners disrupting the transition again, and will be announced on ethereum.org. We will choose a value that we expect to reach around June 8.

In the past 30 days, the ETH network revenue reached 309 million US dollars, 19 times more than the BTC network

According to Token Terminal data, the ETH network revenue reached $309 million in the past 30 days, 19 times more than the BTC network revenue. In addition, Glassnode data showed that the number of Ethereum addresses holding 1 ETH or more reached 1,478,578, setting a record high.

Ethereum network gas fee rises to 51gwei

According to Etherscan data, the current Ethereum network gas fee has risen to 51gwei.

The number of Ethereum addresses in a loss-making state has reached an all-time high

According to Glassnode data, the number of Ethereum addresses in a loss state reached 35,281,992.315 (7-day average), a record high.

The Ethereum network has currently destroyed more than 2.39 million ETH

According to Ultrasound data, the Ethereum network has currently destroyed 2,395,738.22 ETH. Among them, OpenSea destroyed 230,048.56 ETH, ETHtransfers destroyed 222,618.33 ETH, and UniswapV2 destroyed 133,134.24 ETH. Note: Since the introduction of EIP-1559 in the Ethereum London upgrade, the Ethereum network will dynamically adjust the BaseFee of each transaction based on transaction demand and block size, and this part of the fee will be directly burned and destroyed.

V God: Use at least one non-MetaMask wallet to test Dapp to ensure compliance with Ethereum standards

Ethereum founder Vitalik Buterin tweeted that you should test your Dapp with at least one non-MetaMask wallet (such as Brave, Status browser). Make sure your Dapp complies with Ethereum standards, not just the unique properties of a specific wallet.