Tokenlon Weekly(2023.11.17–11.24)

Tokenlon DEX
Tokenlon
Published in
3 min readNov 25, 2023

This week, Binance is facing a $4 billion fine in the United States. The market felt the impact, with the price of Ethereum briefly falling below $2,000. The current price of BTC is $37,499.40, up 3.5% in the past seven days. ETH is currently priced at $2,077.79, with a 5.3% increase in the past seven days.

Apart from the mainstream token market, due to strict market regulations on centralized exchanges (CEX), investors are gradually turning their attention to DeFi 1.0-related tokens, such as UNI, LON, AAVE, DYDX, which have also achieved significant gains.

DeFi Market

Note: Data as of 2023.11.24 09:30 +UTC

Total TVL: $47.12b, of which Ethereum chain TVL is $26.05b.

For Ethereum Layer 2, the total locked value is $14.47 billion, a 7-day increase of 6.97%.

  • The Arbitrum One network’s total locked value is $7.50 billion, a 7-day increase of 2.50%, accounting for 51.83%
  • The Optimism network’s total locked value is $3.82 billion, a 7-day increase of 6.36%, accounting for 26.44%.

DEX Market

The DEX market last week has a total transaction of $17b, accounting for 52.3% of the total Ethereum network transactions.

Tokenlon & LON Weekly Statistics

Tokenlon

  • Tokenlon’s trading volume this week was $69,740,230.47, with 1,227 transaction addresses and 2,813 transactions. The revenue was $145,618.34 and the net profit from fees was $136,498.04, with the current fee balance being $411,517.69.

LON

  • The LON staking contract has a staked amount of 69,914,136.46 LON, with an annualized staking yield (monthly) of 29.12%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 7,094,274. A total of 246,286.56 LON was bought back last week.

Tokenlon Development Highlights

Tokenlon v6

  • Reviewing transaction miner fees and finalizing optimization solutions.
  • Enhancing the overall quote experience and adding split order routing prompts.

BestBuy

  • Conducting internal testing for the beta version.

Tokenlon Multi-chain Deployment

  • In the latest imToken 2.14.0 version, Tokenlon has switched to the Polygon network, enabling direct flash trading on the market page.

Core User Growth

  • Implementing transactions for core target users.
  • Providing relevant market transaction information to target users.
  • Continuously observing core users, summarizing characteristics to assist in subsequent operational and product improvements.

Market Makers

  • Monitoring alert signals for market maker funds and communicating with market makers.
  • Summarizing the 24th market maker report; notifying market makers after data review and calibration.

Market Activities

  • Planning trading-related activities for Tokenlon.

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,

2023.11.24

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Notes

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

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Tokenlon DEX
Tokenlon

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