dForce Ecosystem Report — March 2025

Dear community, welcome to the March 2025 dForce ecosystem report!

Last month was marked by several news, the main one being our involvement in bringind Ant Digital’s renewable energy battery-swapping RWA on DeFi as collateral. Have you missed the latest news? Then this recap is for you to catch up!

💥 Highlights

• dForce x Conflux Network: Bringing China’s First Renewable Energy Battery-Swapping RWA to DeFi! We’re launching a new isolated market where users can leverage Ant Digital’s renewable energy battery-swapping RWA as collateral! 🔋♻️

• The OPtimistic Winter Campaign has officially ended! A huge thank you to everyone who participated — stay tuned for more exciting opportunities ahead!
• Binance opened trading and enabled Trading Bots services for the $DF/USDC on March 18th at 8:00 UTC.

🗳 Governance

• DIP069 — USX Saving Rate Change

The proposal seeks to adjust the savings interest rate for sUSX across all supported L1/L2s to 7% APY passed with 100% of votes in favor.

📊 Performance

USX had a circulating supply of over $124.54 M distributed as follows:

• 2% (2.47 m USX) are powering USX-related trades on DEXes.
• 3.2% (3.99 m USX) deposited on Lending.
• 94.8% (18.66 m USX) are currently held by other market participants.

Liquidity by Networks

• 89.5% on Arbitrum
• 0.5% on BSC
• 8.6% on Optimism
• 1.4% on Ethereum

Swap (LSR)

By April 3rd, dForce Swap recorded an accumulated volume of $276.5 M for swaps between $USX and $USDC, $USDT, $DAI across all supported blockchains.

And that was all for this month! Join our community to catch up on the latest of dForce and participate in related discussions!

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