Dear community, welcome to the May2024 dForce ecosystem report!
May has been a significant month for the dForce ecosystem, highlighted by the announcement of sUSX, the savings version of the decentralized stablecoin USX. If you missed any of our developments, keep reading for a quick overview!
📊 Performance
In May, USX had a circulating supply of over $134.68 M distributed as follows:
- 74.3% (100.1 m USX) used as Liquidity for the bridge.
- 6.9% (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.
- 13.1% (17.59 m USX) are currently held by other market participants.
Liquidity by Networks
- 88.1% on Arbitrum
- 0.7% on BSC
- 8.4% on Optimism
- 1.4% on Ethereum
- 1.4% on Polygon
Swap (LSR)
By June 5th 2024, dForce Swap recorded an accumulated volume of $274,4 M for swaps between $USX and $USDC, $USDT, $DAI across all supported blockchains.
📰 Marketing
dForce was present at Consensus 2024, a premier crypto conference held in Austin, Texas. Our team had the opportunity to connect with industry leaders, engage in insightful discussions, and showcase our roadmap!
And that was all for this month! Join our community to catch up on the latest of dForce and participate in related discussions!
