Tokenlon 5 year retrospective

Tokenlon’s protocol was first initiated in 2017, initially to meet the needs of imToken users to complete token-to-token swaps directly within the wallet. In April 2018, imToken 2.0 was released, deeply integrating Tokenlon to provide users with decentralized trading feature. On July 31, 2019, Tokenlon was officially introduced as an independent decentralized exchange (DEX) brand and has now been officially launched for 5 years.

From July 31, 2019 to July 31, 2024, Tokenlon has helped 262,195 users complete 1,242,040 transactions, accumulating $33,933,875,589 in cryptocurrency transactions, and capturing $59,744,065.20 in fees.

Community Development

Over the past five years, Tokenlon has actively participated in community building and collaborated with ecosystem partners, attending a series of industry events such as the Hong Kong Web3 event and TOKEN 2049. For five years, the Tokenlon protocol has maintained a stable operation with zero accidents and has initiated 39 community governance proposals.

Tokenlon’s Twitter account has 15,767 followers, and the Discord community has reached 4,437 members. As of July 31, 2024, the total funds managed by the Tokenlon community treasury is worth a total of $21,740,224.70.

Tokenlon 5-year Milestones Highlights

• 2019.7.31 DEX independent brand Tokenlon
• 2020.12.23 Tokenlon 5.0 DEX aggregator asides from professional market makers, also aggregates best prices from Uniswap & Sushiswap
• 2020.12.25 LON utility token launched

Trading volume exceeds $100m, 1B, $10B

• 21 Dec 2019 — Tokenlon trading volume exceeds $100 million
• 23 November 2020 — Tokenlon trading volume exceeds $1 billion
• 4 January 2021 — Tokenlon trading volume exceeds $5 billion
• 31 March 2021 — Tokenlon trading volume exceeds $10 billion
• 8 December 2023 — Tokenlon multi-chain swaps online

Tokenlon product iterations in the past year

Tokenlon v6

• Redesigned system architecture to support multi-chain
• Self developed order splitting algorithm to support quote requirements
• Support permit2 authorization and Tokenlon authorization for flexibility and security

Multi-chain swap

• Supports BNB, Arbitrum, Polygon, Base, zkSync, Optimism token swaps

Sandwich attack prevention

• Protects every transaction, a total of 36,135 users and 218,068 transactions worth $6.1 billion has been protected since launch