2022 On-Chain Highlights: 6 Amazing Numbers
Coinbase's strategic officer Conor Grogan reviewed the six "biggest" on-chain events of 2022.Original Title: 《2022 Blockchain Awards》
Author: Conor Grogan, Strategic Director at Coinbase; Former Bridgewater Fund Manager
Compiled by: czgsws, Rhythm BlockBeats
2022 was crazier on-chain than ever before, with single transactions exceeding $60 million in liquidation and over $5.3 billion in transfers. Coinbase's Strategic Director Conor Grogan reviewed the six "biggest" events on-chain in 2022, summarized and compiled by BlockBeats as follows:
1. Largest DeFi Liquidation
On June 18, a multi-signature address starting with 0x2291 was liquidated on Liquity for approximately $61 million. The bot that liquidated this position earned 359 ETH from this liquidation, which was 69% higher than the largest liquidation amount in 2021.
2. Largest Hacking Incident
On March 23, the Ronin Bridge was hacked, with the attacker stealing approximately $650 million (173,600 ETH and 25.5 million USDC) by controlling five of the nine validator node private keys (four from Sky Mavis and one from Axie DAO).
3. Largest Fund Transfer
On May 6, Binance transferred 5.31 billion BUSD from a cold wallet to a hot wallet, with gas fees of about $3.
4. Largest Gas Payment in a Single Transaction
On May 1, tanked.eth set his gas HIGH to 45,556 Gwei during the Otherside mint of YugaLabs' metaverse project, resulting in a total gas fee of an astonishing 16 ETH (approximately $45,200) for minting 2 Otherside NFTs.
Ten days later, tanked.eth sold them for 3.5 wETH and 8.59 ETH…
5. Most Expensive NFT Sale
On February 9, crypto artist Pak collaborated with WikiLeaks to launch the dynamic NFT work "Clock" to raise funds for Assange's legal defense, which was ultimately bid on by AssangeDAO for 16,593 ETH (approximately $53 million), representing the total funds raised by the organization after deducting crowdfunding platform fees.
6. Largest MEV Capture
On August 1, an address starting with 0xB8Ef made a profit of $3,319,854.98 from a single transaction, paying miners only $2,090.18. This was a successful arbitrage between Uniswap V2 and V3 pools and represented the largest MEV captured by flashbots.
