Tokenlon Weekly (2022.06.03–06.10)
The ETH2 test network was successfully merged this week, with an official merge time expected to be at 2022/07/02 18:02:23. You can learn more about the inner workings and extensive information on https://wenmerge.com
The cryptocurrency market continued to be sluggis this week. Prices of BTC and ETH stood at $30,091.48 and $1,789.29 respectively; The overall DEX trading volume fell by 12% according to Dune data as of 00:00 June 10.
The trading volume of Tokenlon this week increased by 12.67%, and the trading volume was $74,311,222.56. Due to the overall impact of the sluggish market, users lack motivation to make trades. The number of Tokenlon trading addresses decreased by 13.53% this week, and the number of trading addresses was 1,010. There was a total of 2,129 transactions.
The amount of LON pledged was 48,744,315.75, an increase of 26,221.29 LON compared to last week, and the annualized return (weekly) was 20.22%. The LON pledged in the staking contract and the AMM liquidity pool accounted for 74.6% of the total circulation. 155,263 LON was repurchased this week, and the cumulative repurchase volume will exceed 10 million LONs.
Product & Tech
- QA & Product Testing: Completed the second Staging environment product testing this week
- Tokenlist: Added Blacklist and Token recommendation list
- Risk Control from the start of the pending order to the order pool and the Relayer on-chain process is perfect
Added an entry for users to manually authorize tokens on the Instant Exchange page
- A way to reach the exchange page directly from the asset homepage — development complete and waiting for launch.
- Official launch & tutorial preparation, first draft complete
- Limit Order KOL & beta testers recruitment, preparation done. Users will be invited to participate in the beta test before Limit Order goes live next week, please refer to the announcements for application.
- Contact KOLs to assist in Tokenlon’s Limit Order launch. Please refer to the announcements as well for application.
- A live AMA was held with the HOPR team on our Discord. This also marks the first time Tokenlon held an English-centric community activity. Look forward to more of these in the future.
- A HOPR Trading Campaign is ongoing from 8th June to 14th June 2022. Users who participate in the HOPR token exchange will share a reward of $15,000, with a minimum $60 in HOPR token as guaranteed reward. Click for details of the event
May 2022 Market Maker report
- To communicate the order matching situation with various market makers
Important Risk Warning
- LON token contract address:
Beware of scams!
Digital Assets are highly volatile and unpredictable. Please do your research before trading.