Week in review
This week's market fluctuations remained significant. According to Coingecko, BTC rose to $29,809.78 this week, then quickly dropped to a low of $27,740.33, and has now rebounded above $29,000, currently trading at $29,229.95, with a 7-day decline of 0.9%.
ETH reached a high of $1,927.41 this week and a low of $1,811.06, currently priced at $1,901.82, with overall fluctuations in line with the broader market and a 7-day decline of 0.5%. Notably, the Brc-20 ecosystem's meme token $PEPE saw a 600% increase in 7 days, with its market cap ranking rising to 58th place.
Note: Data as of 2023.5.5 09:30 +UTC
Total TVL: $49.6b, of which Ethereum chain TVL is $2.862b, down 1.25% from last week.
For Ethereum Layer 2, the total locked value is $9.28 billion, a 7-day drop of 2.92%.
- The Arbitrum One network's total locked value is $6.16 billion, a 7-day drop of 3.21%, accounting for 66.42%
- The Optimism network's total locked value is $1.86 billion, a 7-day drop of 3.35%, accounting for 20.09%.
Tokenlon & LON Weekly Statistics
Tokenlon's trading volume this week was $78,092,182, a 37.42% decrease from last week, with 1,090 transaction addresses and 2,833 transactions. The revenue was $151,963 and; the net profit from fees was $123,139,, with the current fee balance being $2,269,108.
The LON staking contract has a staked amount of 59,396,784 LON, with an annualized staking yield (monthly) of 30.88%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 6,994,092. This week, Tokenlon bought back 83,281 LON, accumulating a total of 16,100,801.32 LON bought back.
Tokenlon Development Highlights
- Preparing the TIP draft for ARB community distribution
- Confirming the OKR plan for Tokenlon's business growth
- Discussing potential collaboration methods with the LSD project team
- Discussion on the new fee design for Tokenlon protocol
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.