The CPI in August rose to 8.3% year-on-year after the US CPI was announced this week, higher than the expected average of 8.1%, causing the market to fall. The Ethereum Merge has been successfully completed this week, moving from Proof of Work to Proof of Stake. This move caused a lot of willingness to trade as the whole trading volume of DEX increase by 9%.
Tokenlon's weekly trading volume remained above $100 million for a month in a row, and this week was $110,465,454.74, with 1,239 weekly trading addresses and 2,943 transactions.
- This week’s transaction fee was $167,784.3, the net profit was $161,141, and the current fee balance was $802,600.99; the Tokenlon 5.0 protocol historically accumulated transaction fee is at $43,639,397.83 .
- The Community treasury balance is at $1,840,636.46 (without deducting miner fees)
Staked LON is at 50,815,653.69, accounting for 59.72% of the total staked positions. This week, 142,546 LON were bought back, and the expected APY (monthly) is at 13.59%. 7,207,727 LON were staked in Uniswap & Sushiswap AMM liquidity pool, accounting for 8.47% of the total staked positions, and the cumulative total staked LON accounted for more than 68.19% of the whole.
Product & Tech
- Market Maker RFQ Upgrade
- The RFQ contract upgrade of a market maker has been completed this week, with other market makers in preparation
- Tokenlon order splitting and intelligent routing
- The initial liquidity access of Curve V2 and Balancer V2 has been completed, with technicals sorted out. Internal sharing and discussion will be held next week
- Limit Order deployment on Ethereum mainnet
- Development work completing soon, product testing commences next week
- The Merge
- Work related to the Merge has been completed, orders has been changed to checks via Safe Head
- Instant swaps and GTO cross-chain assets service has been fully resumed
- Website SEO optimization
- Completed R&D of page loading speed. Will enter development after review.
Marketing & Community
Tokenlon 3rd anniversary
- Collaboration event with Kucoin and Poloniex has ended, with event retrospectives and data collection in progress
- User gift boxes has been sent
- Limit Order trading campaign has been finalized and awaiting launch next week. Looking forward to everyone’s participation!
Tokenlon Community plan
- Initial plan finalized, more community activities will be carried out in Q4 to increase interaction with the community after internal review.
Important Risk Warning
- LON token contract address:
- Beware of scams!
Digital Assets are highly volatile and unpredictable. Please do your research before trading.