The overall market remained sluggish this week, with the 7-day change of BTC & ETH at +1.7% and 0.5% respectively. The overall DEX trading volume fell by 33%.
Tokenlon’s weekly transaction volume is $65,656,696.40, the number of transaction addresses is 1,139, and the number of transactions is 2,666;
Tokenlon’s transaction fees was at $103,880, net profit was $100,086, and the current transaction fee balance is at $1,096,666.14. Tokenlon 5.0 protocol cumulative transaction fees now sits at $45,201,434.91 , and the community treasury balance is at $814,477.23.
LON staking contracts added 205,721 LON this week, bringing the total to 55,674,895, accounting for 65.01% of the total staked positions. Staking monthly APY is at 35.28%. Uniswap and Sushiswap liquidity pools staked 6,693,907 LON, accounting for 7.81% of the total staked positions. The accumulated staked positions of LON accounted for more than 72.82%. This week, 116,280 LON was bought back, and the total LON bought back has reached 13,476,706.91 LON, worth $7,951,257.07.
Product & Tech
- Tokenlon web (DApp) Instant Swap optimization phase 2
- Product design approved, phase 2 optimization entered development stage
- NFT trading platform PoC
- Core functions completed, moving onto other processes
- Removed minimum trade volume from Instant Swap (web)
- Supports [Pay gas fees with tokens] feature. Users can decide if they want to pay gas fee with received tokens or users’ ETH. This feature is already online.
- Multi-chain Instant Swap deployment
- Entered technical design phase, will release the first system framework this week
Marketing & Community
- Sorting of L2 Limit Order trading performance and data to assist in Limit Order deployment strategies for Tokenlon
- Community events
- Tokenlon November Surprise has ended. Please refer to the winners list Announcement.
- Started participation in in related Reddit communities to extend influence into the global market
- LON 2nd Anniversary Event Planning
- Completed planning for 2 year anniversary
- LON economic model will be deployed by the end of the month
- Market makers and business operations
- In talks with 2 new market makers that will further improve Tokenlon’s price quotes on stablecoins
- Market makers increase $KNC’s quotation depth, up to 20000 KNC in a single trade
Important Risk Warning
- LON token contract address:
- Beware of scams!
Digital Assets are highly volatile and unpredictable. Please do your research before trading.