Dec 9, 2022
Tokenlon Weekly (2022.12.02–12.09)
The overall market remained sluggish this week, with the 7-day change of BTC & ETH at +1.7% and 0.5% respectively. The overall DEX trading volume fell by 33%.
According to Coindesk, the core developers of Ethereum have finalized part of the plan for the next hard fork, called the “Shanghai” upgrade, which will be carried out in March 2023. Staked ETH will be open to withdrawals after that.
Tokenlon
Tokenlon’s weekly transaction volume is $65,656,696.40, the number of transaction addresses is 1,139, and the number of transactions is 2,666;
Tokenlon’s transaction fees was at $103,880, net profit was $100,086, and the current transaction fee balance is at $1,096,666.14. Tokenlon 5.0 protocol cumulative transaction fees now sits at $45,201,434.91 , and the community treasury balance is at $814,477.23.
LON
LON staking contracts added 205,721 LON this week, bringing the total to 55,674,895, accounting for 65.01% of the total staked positions. Staking monthly APY is at 35.28%. Uniswap and Sushiswap liquidity pools staked 6,693,907 LON, accounting for 7.81% of the total staked positions. The accumulated staked positions of LON accounted for more than 72.82%. This week, 116,280 LON was bought back, and the total LON bought back has reached 13,476,706.91 LON, worth $7,951,257.07.
Product & Tech
Tokenlon web (DApp) Instant Swap optimization phase 2
- Product design approved, phase 2 optimization entered development stage
NFT trading platform PoC
- Core functions completed, moving onto other processes
Removed minimum trade volume from Instant Swap (web)
- Supports [Pay gas fees with tokens] feature. Users can decide if they want to pay gas fee with received tokens or users’ ETH. This feature is already online.
Multi-chain Instant Swap deployment
- Entered technical design phase, will release the first system framework this week
Marketing & Community
Sorting of L2 Limit Order trading performance and data to assist in Limit Order deployment strategies for Tokenlon.
Community events
- Tokenlon November Surprise has ended. Please refer to the winners list Announcement.
- Started participation in in related Reddit communities to extend influence into the global market
LON 2nd Anniversary Event Planning
- Completed planning for 2 year anniversary
- LON economic model will be deployed by the end of the month
Market makers and business operations
- In talks with 2 new market makers that will further improve Tokenlon’s price quotes on stablecoins
- Market makers increase $KNC’s quotation depth, up to 20000 KNC in a single trade
Important Risk Warning
- LON token contract address:
0x0000000000095413afC295d19EDeb1Ad7B71c952 - Beware of scams!
Tokenlon,
2022.12.09
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Notes
Digital Assets are highly volatile and unpredictable. Please do your research before trading.
