Another sluggish week for the market, with low motivation from traders.
According to CyptoCompare, the total cryptocurrency trading volume of the Chicago Mercantile Exchange (CME) fell by 49.2% in December 2022, of which BTC and ETH futures trading volumes fell by 48.3% and 55.3% respectively, the lowest level since October 2020.
Tokenlon’s weekly trading volume is $55,063,408.25, the number of transaction addresses is 976, and the number of transactions is 2,269.
Tokenlon transaction fees was at $82,987.00 this week, net profit was at $79,520.00, and the current fee balance is $1,168,165.11. The community treasury balance holds $854,288.13.
Staked LON total at 56,057,229.37 this week, and the weekly APY was 7.11%. 6,906,342 LON were staked in the Uniswap and Sushiswap AMM pools, and the staked LON exceeded 60 million. Staked LON accounts for 64.18% of the overall liquidity.
Tokenlon bought back 68,135 LONs this week, and a total of 13,822,702.35 LON have been bought back.
Product & Tech
- Tokenlon web (DApp) Instant Swap optimization
- Acceptance issue has been re-tested and progressing smoothly. Expected launch next week.
- MoonPay added to imToken
- Beta version guide in progress, and will be slowly deployed after internal tests
- NFT trading platform PoC
- Collection page completed, NFT page in development. Progress = 85%
- Added legal tender purchasing to Dapp
- In order to lower the barriers of entry for new Tokenlon users, legal tender purchasing framework in design
Marketing & Community
- Community activities
- TIP reimbursement proposal in order
- GMX & Dopex joint campaign in planning
- Market business
- Marketplace collaboration with NFT projets
- DeFi products collaboration discussion with Pionex
- OKR retrospective
- Reviewed the completion of the Q4 OKR, conducted a review summary, thought and discussion, and laid a solid foundation for the next Q1 plan.
- Market Makers
- Onboarding new market makers, 1 completed and 1 in progress. Expected to deploy one next week
Important Risk Warning
- LON token contract address:
- LON is Tokenlon’s native token, where holders will enjoy fee discounts and voting rights
- Beware of fake Tokenlon imitations, the official website is: https://tokenlon.im
- Please do not download any app or DApp from non-official Telegram, Whatsapp, Facebook, or Wechat
Digital Assets are highly volatile and unpredictable. Please do your research before trading.