Earlier this week, influenced by the anticipation of the Cancun upgrade, METIS, OP, and ARB led the Layer 2 sector, setting new market highs. However, the overall cryptocurrency market is currently experiencing a pullback, with BTC falling below $41,000 today, currently priced at $41,161, reflecting a 3.8% intraday decline.
ETH is currently priced at $2,460, with a 3.0% intraday decrease. Over the past seven days, they have fallen by 10.5% and 5.2%, respectively.
DeFi Market
Note: Data as of 2024.1.19 09:30 +UTC
Total TVL: $57.32b, of which Ethereum chain TVL is 32.71b.
For Ethereum Layer 2, the total locked value is $21.18 billion, a 7-day decrease of 7.42%.
- The Arbitrum One network's total locked value is $10.83 billion, a 7-day decrease of 4.69%
- The Optimism network's total locked value is $5.56 billion, a 7-day decrease of 13.69%
DEX Market
The DEX market last week has a total transaction of $19b, accounting for 51.5% of the total Ethereum network transactions.
Tokenlon & LON Weekly Statistics
Tokenlon
- Tokenlon's trading volume this week was $73,840,338.98, with 1,175 transaction addresses and 2,755 transactions. The revenue was $152,538.61 and the net profit from fees was $141,919.82 with the current fee balance being $374,552.93.
LON
- The LON staking contract has a staked amount of 71,588,012.44 LON, with an annualized staking yield (monthly) of 28.70%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 7,150,764. A total of 153,141.32 LON was bought back last week.
Tokenlon Development Highlights
- Governance Proposal TIP39
- TIP 39 has been approved, and users who have not yet claimed the LON Genesis Airdrop are reminded to do so before March 18, 2024.
- Xmas campaign Review
- An internal review of the Xmas campaign was conducted within the team, summarizing the experiences gained during the events.
- Preparation for v6 Launch
- The development work for v6 is nearing completion, and acceptance testing is scheduled for next week. Following that, a selected group of community users will be invited to experience the product.
- Arbitrum Community Proposal Survey
- Arbitrum has initiated a community incentive program with 45.815 million ARB tokens. Community members are encouraged to explore the specific proposal details and prepare application materials for submission.
- Tokenlon Year of the Dragon Theme Design
- The Tokenlon web platform has been designed with the theme of the Lunar New Year. The design work is complete and is set to be launched during the Chinese Lunar New Year.
Important Risk Warning
- LON token contract address:
0x0000000000095413afC295d19EDeb1Ad7B71c952 - 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
Tokenlon,
2023.1.19
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Notes
Digital Assets are highly volatile and unpredictable. Please do your research before trading.