追踪早期参与以太坊 ICO 的 OG 们链上行为

NansenPublicado a 2022-12-05Actualizado a 2022-12-05

Resumen

早期以太坊 ICO 参与者钱包地址里持有的 ETH 代币余额一直在下降，主要是转去了其它外部账户 (EOAs) 或 CEX 交易所。

本研报试图揭示什么？

本报告旨在用链上数据调查以太坊 ICO 参与者的外部账户（EOA）链上行为，以帮助回答以下问题：

谁是最忠实的以太坊 Holder,一直没抛售过

谁是目前链上最活跃的巨鲸玩家？

ETH ICO 参与者钱包目前使用的主要 Web3 协议有哪些？

ETH ICO 参与者们最钟爱的跨链桥是谁？

ETH ICO 参与者们在 ETH 2.0 信标链上上质押了多少枚 ETH？

随着时间的推移，这些钱包目前是否如其 Eth 余额所示看涨？

核心观点

早期以太坊 ICO 参与者钱包地址里持有的 ETH 代币余额一直在下降，主要是转去了其它外部账户 (EOAs) 或 CEX 交易所.

通过设置筛选条件，ICO 参与者的钱包地址，链上交易量大于 25 万美元，目前只有 5 个钱包符合这个条件。这可能意味着这些钱包中的许多要么处于休眠状态，不太活跃，要么 Eth 代币已被分散到多个不同钱包地址里。

ETH ICO 参与者的钱包的直接存入信标链 ETH 2.0 质押，今年有所增加，但仅占 ETH ICO 获得总 ETH 代币余额的一小部分。

与 ETH ICO 参与者钱包地址，交互次数最多的跨链桥包括：Polygon、ZKsync、Optimism、Arbitrum、Wormhole、Multichain、Hop 协议、xDAI omnibridge 和 dYdX L2 perp 桥。

ETH ICO 参与者钱包的拥有的最多代币余额主要是 ETH 币，其他代币包括 MKR、USDC、OMG、ENJ、VERI、RPL、WBTC、DAI、xDATA、RARI、WETH、MANA、LINK 和 NMR。

与前 100 个 ETH IC 参与者钱包交互的顶级 Web3 协议包括 ETH2 信标链、Balancer、Aave、Convex、Bancor。

大多数 ETH ICO 参与者将其大部分 ETH 代币，转移到交易所和其他未标记的钱包地址，分散化，导致追踪困难和钱包地址高度混淆。

以太坊 ICO 参与者的定义，以及为什么要调查他们？

ETH ICO 参与者们，是从以太坊创世纪收到 ETH 代币的 OG 地址。

在本报告中，我们将 ETH ICO 参与者地址范围限定为 EOA（非实体），以便快速查看以太坊 OG，了解该细分他们是否看好以太坊未来、活跃，以及最近活跃钱包的总体情况。

本报告目的是通过自 ETH 创世以来的 OG 的视角，更好地了解当前的加密世界。这可能会为本报告中观察到的与代币、协议和一般链上活动相关趋势增添一些色彩。

ETH ICO 参与者的钱包 (EOA) 余额概览

随时间的推移，ETH ICO 参与者钱包地址是否一致看好 ETH 未来，看涨？ ETH ICO 参与者的钱包余额自 2020 年以来稳步下降，从 2020 年 1 月到 2022 年 11 月，ETH 余额从 411 万个 ETH 下降了 64% 至 259 万个 ETH。尽管 ETH 余额有下降趋势，但也有其他可能导致这种下降的因素——其他 EOA 的 ETH 转移的多跳、向交易所的存款以及将 ETH 作为抵押品部署到特定的 DeFi 应用程序。鉴于大多数大型鲸鱼和早期投资者的投资翻了好几倍，这导致了 ETH 的大量抛售。自 2022 年初以来，超过 41% 的 ETH 预挖供应（总计超过 1000 万个 ETH）已发送到交易所。

ETH ICO 参与者 Top ETH 余额钱包

以下是 ETH 余额最高的前 10 个 ETH ICO 参与者钱包地址：

出于此分析的目的，ETH ICO 收件人钱包在 2022 年使用 Traces Activity 进一步过滤。“内部”发生的子交易称为 Trace，包括以下功能：

调用 (Call)：用于调用数据字段中参数指定的智能合约函数和 / 或将以太币从一个账户转移到另一个账户。

创建 (Create)：用于创建智能合约，之后将以太币发送到新的智能合约。

自杀 (Suicide)：智能合约的所有者使用它来终止智能合约。当合同终止时，启动以太币的转移以获得退款。此外，终止智能合约可以释放区块链内存，这可能会对转移的价值产生影响。

Traces 活动用作钱包活动的代理，并将 2022 Traces 活动过滤到数据集，以找到 2022 年还活跃的潜在 ETH ICO 参与者。

下面的列表显示了 2022 年最近有 Traces 活动的前 10 个 ETH ICO 参与者 EOA 钱包：

ETH ICO 参与者钱包 (EOA) 交互的热门协议

汇总概览

下图显示了 2022 年近期活动中 ETH 余额最高的前 100 个 ETH ICO 接收方 EOA 钱包持有的协议余额的汇总视图。

ETH2.0 构成了 ETH ICO 参与者钱包目前持有的最大余额，并在 2022 年进行了活动。目前 ETH2.0 中抵押的 ETH 总额为 405 万美元。该细分市场中的许多不同代币余额总共持有 2.57 亿美元，主要由 ETH 组成，其次是上图中的其他代币。

前 100 个 ETH ICO 参与者 EOA 钱包目前使用的前 5 个协议前 100 个 ETH ICO 参与者 EOA 钱包目前使用的前 5 个协议是 ETH2、Balancer、Aave V2 和 Convex。本节将深入探讨 ETH ICO 接收者的钱包与每个协议的交互。

这些是参与 ETH2.0 质押的钱包，总价值为 405 万美元：

ETH ICO Participant

ETH Millionaire

ETH ICO Participant

这些是 Balancer 上的钱包及其使用的矿池，总价值为 55.9 万美元： ETH ICO 参与者在 Balancer 的 WBTC + WETH + USDC 池中持有 238K 的头寸，在 BAL + WETH 池中持有 225K 的头寸。

这些是 Aave 上的钱包和他们使用的矿池，总价值为 49.7 万美元：

ETH ICO Participant

ETH ICO Participant 在 Aave 上用 WBTC and WETH 做抵押品借 USDC

ETH ICO 参与者在 Aave 和 WETH 上有少量剩余借款头寸，主要是在 Yearn Finance 和 STE CRV 上。

这些是 Convex 上的钱包和他们使用的矿池，总价值为 28.9 万美元：

ETH ICO Participant

ETH ICO Participant 在 Convex’s CVXFXSFXS 挖矿 - F pools with $207K.

ETH ICO 参与者在 Convex 的 CVXCRV 池中仅持有少量股份，但在 Yearn Finance 的 STECRV 中仍有 13.2 万美元。

友情提示：可用Nansen 链上警报跟踪这些地址。

那些休眠的 ETH ICO 巨鲸呢？

上述前 5 个钱包余额地址的 ETH 持有量约为 100%，加上钱包处于休眠状态，这可能表明原始所有者可能无法访问这些钱包。

为了更深入地研究高信号钱包，该分析调查了“ETH ICO 参与者”原始的交易对手 EOA。这使我们能够深入了解可能与 ICO 参与者相关的空间中的其他早期 OG。从分析中，我们得出结论，ETH ICO 交易对手钱包主要持有以下协议中的代币，其中 $11 亿持有代币，主要是 ETH：

ETH ICO Counterparties of Counterparties Wallets 主要采用以下协议，其中 22 亿美元以代币形式持有，主要是 ETH：

交易所的钱包里 Eth 余额与 ETH ICO 参与者对比

如前所述，ETH ICO 参与者的 ETH 持有量一直在逐渐下降。这一趋势在 2022 年 4 月下旬被放大，当时我们观察到从 4 月下旬到 6 月下旬，ETH 持有量下降了约 9%。

另一方面，我们看到交易所的 ETH 余额波动更大，尤其是在 2022 年 9 月中旬，当时 ETH 余额飙升，原因是交易员在收到作为以太坊合并事件的一部分的 ETH PoW 空投后平掉了他们的多头现货 ETH 交易。

看起来即使是以太坊合并对 ETH ICO 接收者的 ETH 余额也几乎没有影响。接下来，该报告将深入探讨所有被视为活跃地址的 ETH ICO 接收者（2022 年超过 1 笔交易）。

2022 年至少有 1 笔链上交易的前 20 个 ETH ICO 地址

概述

我们注意到这些钱包中的一些常见活动值得强调。

使用 Argent 钱包通过多个地址存储他们的 ETH。

一些地址在 2022 年 1 月和 2022 年 6 月开始减少他们的 ETH 头寸。（尽管只占他们全部 ETH 持有量的一小部分）

在 MakerDao 的 Oasis 上以 ETH 为抵押借入 DAI。

质押 32ETH 的批次以运行多个验证器。

值得注意的是，其中一个地址使用 cBridge 桥接到 Celer 网络。

活跃的 EOA Eth ICO 参与者在过去一个季度交易超过 $25 万

概述

大多数 ETH ICO 参与者钱包都处于非活动状态。但是，最近活跃的是：

ETH ICO Recipient 1 特别活跃，在 NEAR 和 Arbitrum 上通过 Rainbow bridge 桥接，并使用 Aave、Sushi 和 Ribbon finance 等协议积极参与 LP 池。

ETH ICO 接收者 2：42.eth 在 stETH 流动性质押方面相对活跃，今年一直在稳步增加质押的 ETH 余额。

ETH ICO 接收者 3：bpeters.ethis 是 NFT 收藏家，有大量资金转移到 DAI-USDC LP，目前仍在持有 Cryptopunk NFT。

ETH ICO 收件人 4 是活跃的龙卷风现金用户。

ETH ICO 接受者 5 似乎对 Chainlink 持有看涨观点，并持有价值 42 万美元的 LINK 代币。他最近也桥接了 Avax 桥。

使用的跨链桥的 ETH ICO 参与者

Polygon 桥与 ETH ICO 接收者钱包的交互次数最多，其次是 ZKsync、Optimism、Arbitrum、Wormhole、Multichain、Hop Protocol、xDAI omnibridge 和 dYdX L2 perp 桥。 ETH ICO 接收者主要看好基于桥接的 EVM，但更重要的是，使用具有第 2 层的信任最小化桥接的趋势持续存在。

ETH ICO 参与者与更广泛市场的基准交易活动

从图表中可以看出，ETH ICO 接受者的交易活动出现异常激增，但并未反映在大盘中。

然而，经过进一步分析，我们注意到在这些峰值期间记录的大部分传出交易都归因于一个特定的钱包，该钱包涉及传输 / 包装大量 Etheria NFT（Etheria 是历史上第一个真正的 NFT 项目，于 10 月部署 2015 年并在 DEVCON 1) 上进行了演示。除此之外，我们还观察到其中一个地址在 2022 年 6 月 16 日接近市场底部抛售 ETH。

结语

Nansen 数据显示，很大一部分 ETH ICO 参与者地址在很长一段时间内都处于非活动状态。报告调查表明，大多数 ETH ICO 参与者通过许多交易对手、交易 / 对冲交易所混淆了他们的钱包和活动，并且由于钱包处于休眠状态，一些人无法访问他们的钱包。几个 ETH OG 仍然看好 ETH 以及整个 L2 景观和 DeFi。他们各自的 ETH 余额、跨链桥活动和协议参与表明了这一点，尽管 ETH ICO 参与者部分的总体活动仍然很低。

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