dForce Ecosystem Report — October 2024

Dear community, welcome to the October 2024 dForce ecosystem report!

In this positive period for the sector, dForce is being present in-person at top tier crypto events around the globe to connect with the existing and the new community. Moreover, we also deployed some important updates and launched liquidity mining campaigns for our ecosystem. If you missed any of our latest news, keep reading for a quick update!

💥 Highlights

• dForce hosts a booth in Binance Blockchain Week and launches a promotional campaign on BNB Chain! From our engaging panel on DeFi to important networking with the global leaders, builders, and enthusiasts who gathered in Dubai, we are proud to have sponsored and supported Binance’s latest event. What’s more: A special Liquidity Mining Campaign is still ongoing on BNB Chain for users who stake isUSX on the USX dApp! 2,000 USX are being distributed on top of the native incentives until November 11th!

• More events and opportunity to meet and discuss dForce. dForce is thrilled to be attending the global Devcon conference and to be sponsoring the DeFi World 2024 event in Bangkok, Thailand, on November 11th!
• New Incentives for the USDC-sUSX Liquidity Pool on Velodrome, Optimism, and Aerodrome, Base! Incentives for sUSX-USDC pools on the main DEXes on Optimism and Base — respectively Velodrome and Aerodrome — are already flowing for liquidity providers! Don’t miss out on the several opportunities the dForce ecosystem offers!

📊 Performance

In October, USX had a circulating supply of over $134.05 M distributed as follows:

• 74.7% (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

• 88.5% on Arbitrum
• 0.4% on BSC
• 8.4% on Optimism
• 1.3% on Ethereum
• 1.4% on Polygon

Swap (LSR)

By November 7th 2024, dForce Swap recorded an accumulated volume of $274 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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