Tokenlon Weekly(2024.07.19–07.26)

Tokenlon DEX
3 min readJul 26, 2024

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The cryptocurrency market has been eventful this week. The US SEC officially approved the Ethereum spot ETF, with the first day of trading exceeding $1 billion in volume. Currently, ETH is at $3,263, down 5.3% in 7d. The Bitcoin 2024 conference is currently held in Nashville, Tennessee, with Donald Trump scheduled to speak on 27th July. BTC is now at $66,981, up 4.3% in 7d.

On Thursday, the 3 major US stock indexes fell collectively, making the largest drop since 2022 with a total market capitalization loss of $1.1 trillion dollars.

DeFi Market

Note: Data as of 2024.07.26 9:30 UTC+8

Total TVL: $97.23b, of which Ethereum chain TVL is 57.26b.

For Ethereum Layer 2, the total locked value is $42.22 billion, a 7-day decrease of 3.46%.

  • The Arbitrum One network’s total locked value is $16.74 billion, a 7-day decrease of 3.04%
  • The Optimism network’s total locked value is $6.32 billion, a 7-day decrease of 5.07%
  • The Base network’s total locked value is $7.03 billion, a 7-day decrease of 1.26%

DEX Market

The DEX market last week has a total transaction of $30b, accounting for 45.5% of the total Ethereum network transactions.

Tokenlon & LON Weekly Statistics

Tokenlon

  • Tokenlon’s trading volume this week was $75,824,881.51, with 1,409 transaction addresses and 3,167 transactions. The revenue was $148,357.65 and the net profit from fees was $143,440.29 with the current fee balance being $955,749.75.

LON

  • The LON staking contract has a staked amount of 76,651,390.89 LON, with an annualized staking yield (monthly) of 27.88%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 6,213,476. A total of 125,295.9 LON was bought back last week.

Tokenlon Development Highlights

Multi-chain token additions

  • BNB — SolvBTC、ANY
  • Arbitrum — SolvBTC、 PNP
  • Base — PRIME
  • zkSync — KOI

Market makers

  • Daily operations of market makers
  • Preparation of 30th trade mining cycle report for market makers

Tokenlon 5th anniversary

  • Design of merchandise and visual marketing materials
  • Preparation of 5th anniversary community campaigns

Collaboration with imToken on ETF activity

  • Jointly held ETH ETF guessing activity with imToken
  • The event has ended, and rewards has been distributed

Phase 31 of LON trade mining

  • Phase 30 of LON trade mining has ended, with a total volume of $430,000,332, a total revenue of $893,325.51, and a total of 639,376 LON in rewards. You can claim your rewards here.

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,

2024.07.26

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Notes

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

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Tokenlon DEX

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