This Thursday, the US July CPI announcement was lower than market expectations. The US stock market led the rebound that also affected the crypto markets. The Ethereum Merge was also confirmed. Both news brought BTC above $25,000 and ETH above $1,900.
Tokenlon
Overall DEX volume this week increased slightly by 2%. The trading volume of Tokenlon was $99,199,352.87, an increase of 15.40% compared with last week. The number of weekly trading addresses was 1,279 and the number of transactions was 3,041.
- This week, the transaction fee was $173,817, and the net profit was $166,362, a 15% increase from last week, and the current transaction fee balance is at $495,492.53; the historical transaction fee of Tokenlon 5.0 protocol is at $42,794,784 .
- Community treasury balance: $2259,220.14 (without deducting miner fees)
LON
Staked LON is at 50,351,354.18, the number of xLON in circulation is 32,423,749.41 xLON, A total of 125,177 was bought back this week, and the APY (monthly) is expected to be 19.43%; Uniswap and Sushiswap AMM liquidity pools staked 7,059,763 LON, and the cumulative total staked LON accounted for more than 68.2%.
Product & Tech
- Improvements on Arbitrum Limit Orders success rate
- Almost completed and will be released next week
- Tokenlon's official website upgrade
- Final UI confirmed, entering the development stage. Website SEO optimization has also been confirmed
- Completed research on response to the sandwich attack
- Optimized quote aggregation from the system level for better trading experience
Marketing & Community
- Bitcoin cross-chain asset rate adjustment
- Rewards for Market Makers & communications on quotation problems
- Tokenlon 3rd Anniversary
- Completed preparations, finalized partnerships with brands such as Kucoin, Lido, among others
- NFT product
- Based on market R&D, the team drafted an initial idea of an NFT marketplace. Next steps will be product design.
- Community AMA
- Collaborated with FLUID finance to host a Discord Stages AMA, which brought about 300+ members to our Discord. The current member numbers stand at 3111, a 8.47% increase compared to last week.
Important Risk Warning
- LON token contract address:
0x0000000000095413afC295d19EDeb1Ad7B71c952 - Beware of scams!
Tokenlon,
2022.08.12
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Notes
Digital Assets are highly volatile and unpredictable. Please do your research before trading.