dForce Ecosystem Report — November 2024
Dear community, welcome to the November 2024 dForce ecosystem report!
While the long awaited DeFi Renaissance has officially started, dForce is marking its presence at in-person at top tier crypto events around the globe to connect with the existing and the new community. If you missed any of our latest news, keep reading for a quick update!
💥 Highlights
- dForce sponsors DeFi World 2024, an event exploring the challenges and the future of DeFi! At the event, we shared our perspectives on the panel “Web3 Top Trends and Market Structures” and presented a keynote on “The Emergence of New DeFi Primitives.”
- dForce also attended the DEVCON conference!
Here are our takeways from the event:
1️⃣ Devcon successfully managed to welcome the Ethereum community in all its diversity. The interest and work on the “world computer” is destined to keep growing for a long time. 🌍
2️⃣ The vision is clear: Ethereum = the blockchain operating system: L2s, sharding, & ecosystem growth are all steps toward this goal. 🚀
3️⃣ Scalability is leveling up! Superchains like OP, ZK, & Polygon AggLayer tackle liquidity fragmentation, paving the way for DeFi’s growth. 🛠️
4️⃣ Memecoins? Fun and here to stay. But DeFi is where builders thrive. 💪
📊 Performance
In November, USX had a circulating supply of over $134.20 M distributed as follows:
- 74.6% (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% (2.42 m USX) are powering USX-related trades on DEXes.
- 4% (5.31 m USX) deposited on Lending.
- 12.8% (16.98 m USX) are currently held by other market participants.
Liquidity by Networks
- 88.4% on Arbitrum
- 0.5% on BSC
- 8.4% on Optimism
- 1.3% on Ethereum
- 1.4% on Polygon
Swap (LSR)
By Decenver 3rd 2024, dForce Swap recorded an accumulated volume of $274,6 M for swaps between $USX and $USDC, $USDT, $DAI across all supported blockchains.
💥Roadmap
- Q4 2024: Integration of LSD into the lending protocol.
- Q4 2024: Expansion of RWA to include additional pools beyond DigitFT integration.
- Q4 2024: OP liquidity mining campaign to bootstrap the newly bridged LSD assets
- Q1 2025: CFX liquidity mining campaign in collaboration with Conflux
- Q1 2025: Integration with existing AI gents into DeFi infrastructure
- Q2 2025: Support AI Gents and liquid meme assets as collateral
- Q2 2025: Integrated with liquidity network supporting AI agents and meme launchpad
- Q3 2025: Integrate with DeFi governance agent for dForce’s governance
And that was all for this month! Join our community to catch up on the latest of dForce and participate in related discussions!
