Tokenlon Weekly(2024.05.24–05.31)

Tokenlon DEX
3 min readMay 31, 2024

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After experiencing a significant uptick last week, the cryptocurrency market has shown a slight downward trend this week. BTC has fallen below $69,000 and is currently trading at $68,492.30; ETH has fallen below $3,800 and is currently trading at $3,755.24.

While major tokens are falling, meme coins, such as PEPE, are generally rising. However, please be aware of the risks associated with meme coins due to their high-risk nature.

DeFi Market

Note: Data as of 2024.05.31 21:30 +UTC

Total TVL: $106.22b, of which Ethereum chain TVL is 64.61b.

For Ethereum Layer 2, the total locked value is $42.22 billion, a 7-day increase of 0.6%.

  • The Arbitrum One network’s total locked value is $18.93 billion, a 7-day decrease of 0.04%
  • The Optimism network’s total locked value is $7.7 billion, a 7-day increase of 7.44%

DEX Market

The DEX market last week has a total transaction of $43b, accounting for 63.8% of the total Ethereum network transactions.

Tokenlon & LON Weekly Statistics

Tokenlon

  • Tokenlon’s trading volume this week was $74,614,169.68, with 1,395 transaction addresses and 3,249 transactions. The revenue was $168,170.80 and the net profit from fees was $161,040.53 with the current fee balance being $744,786.41.

LON

  • The LON staking contract has a staked amount of 76,169,564.2 LON, with an annualized staking yield (monthly) of 28.43%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 6,127,685. A total of 72,472.43 LON was bought back last week.

Tokenlon Development Highlights

Token Listing

  • Tokenlon now supports trading of REZ, ezETH, RSETH, and weETH tokens.

Bestbuy

  • User testing has been completed. Thank you to all participants. We will optimize the product based on your feedback and reward those who provide valuable feedback.

Multi-chain

  • Tokenlon has added support for token swaps on zkSync, BNB, and Base networks.

Ecosystem collaborations

  • Engaged with more ecosystem builders
  • Talks with Linea for future collaboration.

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,

2024.5.31

Contact us

Notes

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

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Tokenlon DEX

The 🐉 #DEX We promise 99% of your transactions will go through Built on 0x and Ethereum Aggregating best prices from major #DEXs