Week in review
This week, the market has experienced downward fluctuations. According to Coingecko, the circulating supply of USDC has dropped below 30 billion, reaching a new low since October 2021. Additionally, Ethereum and Bitcoin both fell below $1,800 and $26,000, respectively.
Ethereum saw a 24-hour decrease of 4.6%, reaching a low of $1,775.66, and is currently priced at $1,816.21. Bitcoin experienced a 24-hour decrease of 4.8% and a 1.7% decrease over the past 7 days, with the current price at $26,506.71.
Note: Data as of 2023.5.26 09:30 +UTC
Total TVL: $46.72b, of which Ethereum chain TVL is $26.92b, down 0.33% from last week.
For Ethereum Layer 2, the total locked value is $8.56 billion, a 7-day decrease of 2.05%.
- The Arbitrum One network's total locked value is $5.62 billion, a 7-day decrease of 2.27%, accounting for 65.65%
- The Optimism network's total locked value is $1.69 billion, a 7-day decrease of 3.34%, accounting for 19.85%.
The DEX market last week has a total transaction of $7b, maintaining the same levels as last week
Tokenlon & LON Weekly Statistics
Tokenlon's trading volume this week was $68,417,325, a 10.75% decrease from last week, with 1,039 transaction addresses and 2,600 transactions. The revenue was $137,970 and the net profit from fees was $120,785, with the current fee balance being $2,330,135.91.
The LON staking contract has a staked amount of 59,483,664.18 LON, with an annualized staking yield (monthly) of 30.51%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 7,343,694. This week, Tokenlon bought back 213,119 LON, accumulating a total of 16,606,619.46 LON bought back.
Tokenlon Development Highlights
- Collaboration with imToken 7th Anniversary Event
- The event has started, participate to win $8,000 in rewards.
- Community Activities
- Monthly nitro activity has begun on Discord, join Tokenlon Discord to participate.
- External Collaborations
- Engaging in discussions with Dopex for potential collaboration opportunities.
- Exploring new market maker partnerships.
- Limit Orders Discussions
- Organizing a limit order event underway
- Preparation for tutorials and articles in progress.
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.