Tokenlon Weekly(2024.05.10–05.17)

Tokenlon DEX
3 min readMay 17, 2024

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This week in the crypto market, the overall trend has been upward due to expectations of a Federal Reserve interest rate cut triggered by the release of U.S. CPI data. BTC has rebounded to over $66,000, now priced at $65,700.19, and ETH is currently priced at $2,946.01.

In addition to mainstream tokens, the meme market has also performed well this week. TRUMP has surged 800 times and has increased by more than 50% in the past seven days.

DeFi Market

Note: Data as of 2024.05.17 21:30 +UTC

Total TVL: $91.81b, of which Ethereum chain TVL is 52.59b.

For Ethereum Layer 2, the total locked value is $38.58 billion, a 7-day decrease of 2.99%.

  • The Arbitrum One network’s total locked value is $15.86 billion, a 7-day decrease of 2.29%
  • The Optimism network’s total locked value is $6.59 billion, a 7-day decrease of 6.29%

DEX Market

The DEX market last week has a total transaction of $21b, accounting for 42.5% of the total Ethereum network transactions.

Tokenlon & LON Weekly Statistics

Tokenlon

  • Tokenlon’s trading volume this week was $76,479,729.74, with 1,380 transaction addresses and 3,240 transactions. The revenue was $136,722.88 and the net profit from fees was $131,904.01 with the current fee balance being $604,589.50.

LON

  • The LON staking contract has a staked amount of 76,023,450.00 LON, with an annualized staking yield (monthly) of 28.65%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 5,946,830. A total of 189,450.60 LON was bought back last week.

Tokenlon Development Highlights

Listing of Popular Assets

  • Tokenlon now supports trading of ENA and USDe tokens.

Evaluation of Liquid Restaking Tokens

  • Evaluating LRTs to be listed on Tokenlon

Market Makers

  • LON liquidity market makers have been integrated, now officially providing market liquidity for LON.

BestBuy strategy

  • Started internal testing with users. If you are interested in this product, please contact us.

DefiLlama site data correction — Tokenlon supports multiple chains

Addition of Multi-chain Tokens

  • Added zkSync network tokens: AAI, HOLD, LONG, MAV, ZF, ZORRO. Currently, 11 tokens are on the whitelist, but if you have assets in your wallet, you can trade them without needing to be on the whitelist.

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,

2024.5.17

Contact us

Notes

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

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Tokenlon DEX

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