Dear community, welcome to the March 2024 dForce ecosystem report!
Last month saw important upgrades to the dForce ecosystem, including the rebranding of our website as well as the launch of USX app, and our statement on the narratives that will characterize our path in the near future. If you’ve missed out on any of these important developments, then this ecosystem is tailor-made for you!
💥 Highlights
- Introducing the Permissionless Liquidity Network! In the coming months, dForce will focus on empowering our ecosystem partners and projects across different verticals, such as Unified Money Market, Omni Stablecoin Infrastructure, Yield Assets Standard, RWA Tokenization Protocol, AI-driven Automation for DeFi, Interoperable LSD Infrastructure and much more! Click here to learn more.
- In line with dForce’s new vision to be the Permissionless Liquidity Netwrok built for Web3, some functions of our dApp have been migrated over to http://app.usx.finance, the new dApp for the decentralized stablecoin USX!
- We have launched our new website! Our new design is easier to use, with a focus on the emerging dForce ecosystem and its Governance structure. Check out the new look at http://dforce.network/!
📊 Performance
In April, USX had a circulating supply of over $135.42 M distributed as follows:
- 73.9% (100.1 m USX) used as Liquidity for the bridge.
- 6.8% (9.23 m USX) on Celer to power the cross-chain bridging of USX.
- 1.8% (2.46 m USX) are powering USX-related trades on DEXes.
- 3.9% (5.31 m USX) deposited on Lending.
- 13.5% (18.32 m USX) are currently held by other market participants.
Liquidity by Networks
- 87.9% on Arbitrum
- 0.7% on BSC
- 8.6% on Optimism
- 1.4% on Ethereum
- 1.4% on Polygon
Swap (LSR)
By May 5th 2024, dForce Swap recorded an accumulated volume of $274,4 M for swaps between $USX and $USDC, $USDT, $DAI across all supported blockchains.
April contributed $5 k swap volume.
And that was all for this month! Join our community to catch up on the latest of dForce and participate in related discussions!
