What Is Ethereum (ETH)?

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.

Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.

The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.

Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud. [1]

What Is FTX?

FTX is a centralized crypto exchange created “by traders, for traders”, backed by significant trading companies in the industry, including Almeda Research, OTPP, Temasek, BlackRock, Coinbase Ventures and Sequoia Capital. As of 2022, the platform has over a million registered members, and the daily trading volume has reached billions of dollars. It supports over 300 cryptocurrencies for spot trading and offers products such as derivatives, options, prediction markets, leveraged tokens, tokenized stocks, OTC desk and volatility products.

Explain Disaster

The collapse of FTX, already one of the most spectacular disasters in financial history, worsened as hundreds of millions of dollars were drained from the cryptocurrency exchange hours after it filed for bankruptcy. More than $600 million was siphoned from FTX's crypto wallets late Friday. Soon after, FTX stated in its official Telegram channel that it had been compromised, instructing users not to install any new upgrades and to delete all FTX apps. "FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on FTX site as it might download Trojans," wrote an account administrator in the FTX Support Telegram chat. The message was pinned by FTX General Counsel Ryne Miller. you can read more here.

Methodology

In this dashboard I want to show data about:

• daily percentage of increase and decrease in selective tokens before and after FTX Collapse.
• Moving average 7 and 30 ETH and other tokens.
• Total data about Ethereum like Swaps number, etc.
• show cumulative data.

Key Insights

• regarding investigating effect of FTX Collapse on Ethereum, Bitcoin, AAve and Lido, before FTX collapse these coins and tokens experienced increasing in their price while after FTX collapse the trend of price has changed and every tokens have experienced downward trend. so we can consider FTX collapse as valuable criteria on trend of market and due to it market trend has change.
• regarding daily price of Ethereum has shown proof about effect of FTX bankruptcy on at least ETH price and after 5 Nov the price of ETH fall from $1640 to $1100.
• regarding price of 4 selective token in 3 weeks ago, ETH price was 1.3K USD, LDO 1.3 USD, AAve 68.6 USD and Bitcoin 17.7K USD.
• regarding daily swaps of ETH the highest number of daily ETH swaps was on 8 and 9 Nov which FTX has announced bankruptcy.
• the highest volume of swap from of WETH and ETH was on 10 Nov 2 days before FTX hack with about 22M ETH and the highest swap to of WETH and ETH was on 9 Nov with about 1.9M ETH.
• the highest USD volume of swap from of WETH and ETH was on 10 Nov 2 days before FTX hack with about 27B USD and the highest swap to of WETH and ETH was on 9 Nov with about 2.3B USD.
• the highest number of Swap from WETH and ETH was on 8 and 9 Nov with about 89K transactions and the highest number of swap to was on 9 Nov with about 79K transactions.
• the highest number of Swappers from WETH and ETH was on 8 and 9 Nov with about 31K transactions and the highest number of swappers to was on 8 Nov with about 28K swappers.
• totally ETH and WETH has experienced about 2.5M transactions since Nov.
• totally ETH and WETH has experienced about 88M as total Outflow(swap from) ETH Volume while only has about 13M ETH as Inflow Volume since November. it seems users sold their WETH and ETH during Nov since about 75M ETH is Netflow of Swap from/to.
• ETH and WETH has about 1.5M swap from transactions and about 1.3M swap to.
• ETH and WETH has about 271K swappers that swap from and about 226K swappers that swap to.