Tokenlon
Published in

Tokenlon

Tokenlon Weekly (2022.09.16–09.23)

Tokenlon & LON data

Tokenlon

The market conditions were relatively sluggish this week. According to Dune Analytics on-chain data, DEX’s overall trading volume fell by 10%. Tokenlon’s transaction volume was $74,075,642.78, the number of weekly transaction addresses was 1,297, an increase of 4.68% over last week, and the number of transactions was 2,906.

This week, the Tokenlon transaction fee gained $122,679.00, and the net profit was $118,892.00, the current transaction fee balance is $810,231.48, with the Tokenlon 5.0 protocol cumulative transaction fee at $43,762,243.39. The community treasury balance is at $1,777,071.59 (without deducting miner fees)

LON

Staked LON is at 50,727,775, taking 59.61% of the total staked position. LON buyback was carried out 2 days this week, with a total of 67,886 LON bought back, and the APY (monthly) is expected to be 12.17%. Uniswap and Sushiswap AMM liquidity pools staked 6,967,209 LONs, accounting for 8.18% of the total staked positions. The cumulative staked LON accounts for more than 68.0%.

Tokenlon in the past week

Product & Tech

Tokenlon order splitting and intelligent routing

  • Passed internal review and proceeding to on-chain works

Limit Order deployment on Eth mainnet

  • Ending testing processes this week, while internally synced for deployment procedures

Navigation and interaction details of the Tokenlon website completed and online

Limit Order optimizations

  • After several rounds of discussions this week, the final plan has been determined, R&D work is in progress.

Marketing & Community

Limit Order campaign

  • Launched the WEN ETH? Trading game, a prediction of ETH price on Limit Order with a 1,000 LON reward

3rd anniversary

  • Retrospective review of the Tokenlon Anniversary celebrations last month

NFT markets

  • Completed internal discussions on NFT market tech proposals, and communicated with external partners on NFT marketing works

Tokenlon protocol upgrade

  • Determine Tokenlon protocol upgrade works, prepared user-level upgrades and marketing activities

About Tokenlon

Tokenlon currently provides Instant Swap aggregating services on Ethereum mainnet, and Limit Orders on Arbitrum to meet the trading needs of users in different scenarios. When the market is very volatile, you can use the Tokenlon Instant Swap exchange to complete the transaction quickly. At the same time, you can use Limit Orders on Arbitrum to set the transaction price in advance, and when the market price reaches the preset price, the transaction will be automatically executed to prevent missing out on market movements.

Other

Recently, the Tokenlon team wishes to communicate better with the users from our community. If you would like to reach out to the core Tokenlon team, please reach out to us via our Discord.

Important Risk Warning

Tokenlon,

2022.09.23

Contact us

Notes

Digital Assets are highly volatile and unpredictable. Please do your research before trading.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Tokenlon DEX

Tokenlon DEX

706 Followers

The 🐉 #DEX We promise 99% of your transactions will go through Built on 0x and Ethereum Aggregating best prices from major #DEXs