The main spotlight this week in the market is the merging of the Ethereum main network from PoW to PoS. As the Merge approaches, ETH experienced roller coaster swings 🎢" There was a violent fluctuation of over 8% within 24 hours. ETH rose by 3.3% on the 7th, BTC fell by 3.7% on the 7th, and the overall trading volume of DEX decreased by 12% compared to last week.
Tokenlon's trading volume this week continued to remain above $100 million, at $105,221,257.88, with 1,150 weekly trading addresses and 2,682 transactions.
- This week’s transaction fee was $148,010.40, the net profit was $142,716.00, and the current transaction fee balance was at $831,591.05; the Tokenlon 5.0 protocol historically accumulated transaction fee is at $43,472,909.61 .
- Community treasury balance: $1,970,795.26(without deducting miner fees)
Staked LON amount is 50,632,178.8, accounting for 59.5% of the total staked position, 49,194 LON are bought back this week, and the staking APY (monthly) is expected to be 39.17%, Uniswap 7,501,681 LON were staked in the Sushiswap AMM liquidity pool, accounting for 8.8% of the total staked positions, and the accumulated staked LON positions accounted for more than 68.3%.
Products & Tech
- Tokenlon Order Splitting and Intelligent Routing
- Completed access to Curve V2, next step will be accessing Balancer V2 and other liquidity pools
- Limit order deployment on mainnet
- Product proposal preparations complete, starting R&D phase
- The Merge
- Preparations for the Merge that might cause disruption to Tokenlon services
- Instant exchange and GTO cross-chain services may be paused
- Sandwich attack response plan
- PoC plan passed, R&D in progress
Marketing & Community
- 3rd Anniversary
- "LON Trading Contest, 50,000 LON is waiting for you" event has ended successfully on Wednesday, did you win?
- Poloniex AMA event will start at 7:00 p.m. on September 9th, participate in the AMA to win LON
- GTO businesses
- Confirmed orders from institutional users
- NFT Market Research
- The market NFT information, data and otherinvestigations have been completed, and the first round of NFT product positioning discussions has been completed internally.
Important Risk Warning
- LON token contract address:
- Beware of scams!
Digital Assets are highly volatile and unpredictable. Please do your research before trading.