Tokenlon Weekly（2023.10.20–10.27）
This week, BTC experienced a significant surge, breaking $35,000 briefly, reaching a new high for 2023. This surge was largely due to the anticipation of the approval of a Bitcoin spot ETF. Additionally, ETH also broke the $1,800 mark, and the total market capitalization of USDT exceeded 84 billion dollars.
Currently, BTC is priced at $34,177.35, while ETH is at $1,793.09, showing weekly gains of 18.7% and 14.6%, respectively.
DeFi Market
Note: Data as of 2023.10.27 09:30 +UTC
Total TVL: $36.65b, of which Ethereum chain TVL is $19.74b.
For Ethereum Layer 2, the total locked value is $10.54 billion, a 7-day increase of 2.38%.
- The Arbitrum One network’s total locked value is $5.76 billion, a 7-day increase of 1.91%, accounting for 54.69%
- The Optimism network’s total locked value is $2.60 billion, a 7-day increase of 2.03%, accounting for 24.70%.
DEX Market
The DEX market last week has a total transaction of $16b, accounting for 81.8% of the total Ethereum network transactions.
Tokenlon & LON Weekly Statistics
Tokenlon
- Tokenlon’s trading volume this week was $106,085,918.02, with 1,438 transaction addresses and 3,507 transactions. The revenue was $239,872.85 and the net profit from fees was $233,806.72, with the current fee balance being $289,188.47.
LON
- The LON staking contract has a staked amount of 68,929,678.33 LON, with an annualized staking yield (monthly) of 29.01%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 7,235,173. A total of 77,362.21 LON was bought back last week.
Tokenlon Development Highlights
New Trading Assets Added
- Tokenlon has added MNT to its platform, supporting MNT/USDT and MNT/ETH trading pairs. MNT is an Ethereum Layer 2 token established by BitDAO and is now available on Tokenlon. Users holding MNT are welcome to start trading.
Core User Behavior Monitoring on Tokenlon
- Data metrics related to core user behavior are being reviewed to enable the team to monitor changes in core user data effectively.
Q4 OKR
- This week, several rounds of discussions were held regarding the key tasks for Q4, and the final OKRs have been drafted. This will enable the core team to better focus on the goals for the Q4 quarter and proceed with the next steps of work.
Tokenlon V6
- The Tokenlon Swap feature is now deployed on the Polygon network, marking the first step in multi-chain deployment. The team is actively discussing goals for multi-chain deployment internally.
- The V6 protocol is currently undergoing algorithm optimizations for competitive quoting and will soon be demonstrated internally within the team.
Important Risk Warning
- LON token contract address:
0x0000000000095413afC295d19EDeb1Ad7B71c952 - LON is Tokenlon’s native token, where holders will enjoy fee discounts and voting rights
- Beware of fake Tokenlon imitations, the official website is: https://tokenlon.im
- Please do not download any app or DApp from non-official Telegram, Whatsapp, Facebook, or Wechat
Tokenlon,
2023.10.27
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Notes
Digital Assets are highly volatile and unpredictable. Please do your research before trading.
