The data shows that the fundamentals of Ethereum remain stable, and the correlation with BTC is slowly declining.

According to TokenGazer data analysis, as of 11:00 on July 29, the price of Ethereum was $213.53, the total market value was $22,856.36M, and the volume of mainstream exchanges was about $163.39M, which remained stable and volatile; Ethereum experienced abnormal fluctuations in early morning prices. Once fell to below $200, and then rebounded, the bitcoin exchange rate remained stable in the near-term; in terms of fundamentals, the trading volume of the Ethereum chain continued to decline, the number of active addresses, computing power, and DApp trading volume remained stable; Ethereum 30 The Sky Developer Index is about 2.29; the relationship between Ethereum and BTC continues to decline slowly, currently about 0.79; the total market value of ERC20 tokens is about 67.41% of the total market value of Ethereum, which remains stable.