Week in review
According to Coingecko, the circulating supply of USDC has dropped below 29 billion, reaching a new low. However, USDT's total market capitalization has surpassed 83.2 billion, setting a new all-time high and surpassing the previous record set in May 2022. The market has experienced a slight decline after a brief upward movement this week.
Ethereum and Bitcoin, after falling below $1,800 and $26,000 last week, have rebounded this week, with Ethereum currently priced at $1,894.03 and Bitcoin at $27,142.11. They have seen a 7-day increase of 4.8% and 2.7% respectively.
Note: Data as of 2023.6.02 09:30 +UTC
Total TVL: $46.77b, of which Ethereum chain TVL is $27.09b, up 0.6% from last week.
For Ethereum Layer 2, the total locked value is $8.81 billion, a 7-day increase of 2.93%.
- The Arbitrum One network's total locked value is $5.76 billion, a 7-day increase of 2.49%, accounting for 65.41%
- The Optimism network's total locked value is $1.68 billion, a 7-day decrease of 0.91%, accounting for 19.10%.
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 $67,233,242.56, a 1.73% decrease from last week, with 1,124 transaction addresses and 2,630 transactions. The revenue was $121,548 and the net profit from fees was $108,290, with the current fee balance being $3,567,109.59.
The LON staking contract has a staked amount of 58,958,267.48 LON, with an annualized staking yield (monthly) of 19.28%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 7,711,965. This week, Tokenlon bought back 223,951 LON, accumulating a total of 16,830,572.17 LON bought back.
Tokenlon Development Highlights
- The new round of optimization plans for the limit order feature is being finalized, and the confirmed optimization directions are as follows:
- For small orders or orders with prices lower than the market price, users will receive timely notifications to make modifications.
- Trading pairs without stablecoins, such as LON/ETH, will display the order price and market price in USD to facilitate users in entering the correct target price for placing orders.
- Joint collaboration with imToken for their 7th anniversary event.
- The event will conclude on June 5th. If you haven't participated yet, click here to view the event details and stand a chance to win $8000.
- External collaboration with Tokeninsight for a learning task activity. The activity is currently being planned, so stay tuned to community updates for the progress.
- Educational activities for users regarding limit orders have been confirmed.
- Video tutorials on how to use limit orders are available here for everyone to access.
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.