Research Summary
The article covers the most newsworthy projects from Ethereum’s top summer event, the Ethereum Community Conference (EthCC). The report identifies five projects that generated the most buzz at EthCC: Ethereum, Chainlink, Uniswap, Worldcoin, and The Graph. Each project’s recent milestones and onchain data are analyzed in detail.
Actionable Insights
- Ethereum: The total on-chain value secured by Ethereum stands at $350B+, with $76B in stablecoins circulating on the network. The validator set continues to grow, now at 686K, with about 25M ETH staked.
- Chainlink: The Chainlink Cross-Chain Interoperability Protocol (CCIP) has generated $13,268 in revenue since its launch on July 17. The network processed 82.76M Price Feed TXs in 2Q23.
- Uniswap: Despite a 43% drop in daily average trading volume, the daily average number of active addresses more than doubled, increasing from 25,206 to 53,013. Meme coins have played a pivotal role in driving the expansion of new users on Uniswap.
- Worldcoin: Since its launch on July 24th, 114.5M WLD tokens are in circulation with 291k unique holders. The total volume of WLD swaps has surpassed 6.7M WLD, which is more than $14M.
- The Graph: The Graph Network has processed over 3.2M GRT in query fees, with 80% usage coming from Ethereum. The network now outperforms the hosted service, achieving 78ms median latency and a query success rate of 99.99%.
