Last week, the prices of Bitcoin (BTC), Ethereum (ETH) and other coins soared by double-digit percentages, which made crypto speculators excited. The price list has become smaller, and the interface has become clearer: things don't seem so popular.

A year ago, in the outbox of every encrypted media, there were fund-raising announcements from new decentralized financial industry (DeFi) companies and non-substitution (NFT) projects. From the algorithmic stable currency to the agricultural and animal husbandry service platform for increasing production, and from the land resource market sales in the Yuan universe, every new narrative seems to have received hundreds of millions of dollars from venture capitalists.

The text first appeared inReasonable gradeWJB's weekly communication explains the rapid development of Ethereum and its impact on the encryption market.The order is obtained in the outbox every Wednesday.

Nowadays, the outbox has become more empty, and popular words obviously can't make a lot of money in a round of $10 million seed competition. But the fact has not completely settled down. In the downturn of the market, some elite teams once again attracted customers and Crypto Twitter. Compared with the former speculative online loan platform and colorful new Web3 projects, they seem to attach more importance to technology and infrastructure construction.

In the Ethereum industry, here are the largest technology investment industries.

Zero knowledge and expansion

Zero knowledge (ZK) technology is still one of the most foam industries for investors. This technology is very complex, but the definition is not this: ZK certificate uses fancy encryption technology, allowing users to "verify" something is true without showing how to prove it.

ZK confirms that it is widely used for personal privacy, security and expansion of blockchain technology, but they also have applications other than encryption. Some technical teams building ZK for Ethereum include Scroll, Matter Labs and Polygon. Each elite team is using ZK to verify the conclusion of building Ethereum. It is estimated that ZK induction will eventually become the main way for you to browse Ethereum.

Marker post

The change of the equity certificate of Ethereum made the encryption mining choose to give up the encryption verifier, also known as "staker", that is, lock or "invest in" encryption through the Internet, and receive rewards for helping to maintain its security.

With the vicissitudes of the wider cryptocurrency market, EigenLayer is a more popular enterprise dedicated to investment and continues to receive attention. To establish itself as a "universal market of decentralized trust", EigenLayer allows everyone to "re-establish" their locked dynamic password to verify Ethereum - again use this dynamic password to help maintain other Ethereum message middleware.

At the other end of Ethereum is Obol Labs, which announced this week that it had just raised US $12.5 million in equity financing of A-series products to establish its distributed system verifier technology (DVT). Obol Labs indicated that this technology will help the verifier to operate with high safety factor and is more consistent with the core concept of cryptocurrency decentralization.

MEV: large obtainable value

Larger obtainable value of use (MEV) is a kind of profit, which can be obtained by comparing Ethereum's open transaction pool ("memory pool") to find profitable trading transactions. At the beginning, it was called the harm of the whole ecosystem, because the MEV optimizer frequently used the strategy of swallowing other investors' profits. Enterprises such as Flashbot have been trying to distribute MEV wealth to more stakeholders.

With MEV mining becoming more and more fair, it has once again grown into a profitable household handicraft industry. Although the market standards are broader, enterprises committed to MEV still receive attention and assets.

As for Flashbot, its influence has become increasingly prominent since it was converted into equity certificate in September. At present, 94% of the blockchain (bundle) loaded into the Ethereum account book comes from MEV Boost, a Flashbots message middleware, which provides a blockchain that has been made in advance and can obtain greater use value improvement to the verifier that imports it into the blockchain. A few months ago, Flashbot announced that it was building SUAVE, which is also a new blockchain technology that will be processed and operated in parallel with other networks to provide a decentralized MEV market.