Tokenlon Weekly（2023.11.10–11.17）
The series of positive developments in November has contributed to an overall positive trend in the cryptocurrency market. This week, on November 16th, BTC surpassed the key resistance level of $37,000, and ETH also rebounded to above $2,000. On the 17th, the market experienced a slight pullback.
Currently, BTC is priced at $36,404.11, and ETH is priced at $1,978.12, with respective decreases of 2.6% and 3.3% in the last 24 hours.
DeFi Market
Note: Data as of 2023.11.17 09:30 +UTC
Total TVL: $45.90b, of which Ethereum chain TVL is $24.92b.
For Ethereum Layer 2, the total locked value is $13.51 billion, a 7-day decrease of 0.96%.
- The Arbitrum One network’s total locked value is $7.31 billion, a 7-day decrease of 3.29%, accounting for 54.14%
- The Optimism network’s total locked value is $3.45 billion, a 7-day increase of 3.18%, accounting for 26.62%.
DEX Market
The DEX market last week has a total transaction of $22b, accounting for 54.5% of the total Ethereum network transactions.
Tokenlon & LON Weekly Statistics
Tokenlon
- Tokenlon’s trading volume this week was $90,880,179.59, with 1,296 transaction addresses and 3,012 transactions. The revenue was $186,445.77 and the net profit from fees was $175,417.20, with the current fee balance being $371,056.67.
LON
- The LON staking contract has a staked amount of 69,500,141.01 LON, with an annualized staking yield (monthly) of 29.09%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 7,029,325. A total of 209,073.76 LON was bought back last week.
Tokenlon Development Highlights
Tokenlon v6
- Collecting feedback from internal testing and confirming optimization plans for the v6 product.
Multi-chain Deployment
- L2 multi-chain deployment has completed functional development and regression testing and will be launched soon.
Trade Mining
- The 25th round of trade mining has started, and the settlement for the 24th round is completed.
- From October 2, 2023, to November 13, 2023, Tokenlon’s total trading volume was $440,827,027.91, capturing a total fee of $906,655.04.
- Out of this, $619,538.84 was used to repurchase 1,120,164.99 LON and distribute rewards to liquidity providers, the core team, community users, and other ecosystem participants. For specific reward details, check the poster below.
Core User Growth
- Observing changes in the market and promptly sharing them with the core user group.
- Monitoring on-chain activities of core users to better understand their needs and make improvements in subsequent market actions and product optimizations.
Community Activities
- Collaborating on activity design in conjunction with the product.
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,
2023.11.17
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Notes
Digital Assets are highly volatile and unpredictable. Please do your research before trading.
