Tokenlon Weekly(2024.08.02–08.09)

Tokenlon DEX
3 min readAug 9, 2024

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This week, global financial markets experienced a widespread decline, with the Japanese stock market triggering a circuit breaker. The bursting of the AI stock bubble in the US stock market led to a 13% drop in the overall crypto market.

BTC fell below $50,000 at its lowest point, and is currently quoted at $61,118.95, a 24-hour increase of 6.6% and a 7-day decrease of 4.8%. ETH dropped to a low of $2,060 and is currently quoted at $2,694.38, a 24-hour increase of 10.8% and a 7-day decrease of 14.5%.

DeFi Market

Note: Data as of 2024.08.09 9:30 UTC+8

Total TVL: $85.24b, of which Ethereum chain TVL is 49.77b.

For Ethereum Layer 2, the total locked value is $37.12 billion, a 7-day decrease of 10.51%.

  • The Arbitrum One network’s total locked value is $15.01 billion, a 7-day decrease of 9.77%
  • The Optimism network’s total locked value is $5.75 billion, a 7-day decrease of 7.88%
  • The Base network’s total locked value is $6.42 billion, a 7-day decrease of 8.62%

DEX Market

The DEX market last week has a total transaction of $46b, accounting for 50.4% of the total Ethereum network transactions.

Tokenlon & LON Weekly Statistics

Tokenlon

  • Tokenlon’s trading volume this week was $151,278,281.78, with 1,744 transaction addresses and 3,848 transactions. The revenue was $348,438.72 and the net profit from fees was $324,647.61 with the current fee balance being $1,110,534.81.

LON

  • The LON staking contract has a staked amount of 76,254,909.61 LON, with an annualized staking yield (monthly) of 27.51%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 6,103,603. A total of 75,549.07 LON was bought back last week.

Tokenlon Development Highlights

Multi-network new token support

  • Base — DAI, MOXIE
  • BNB — CHR
  • Arbitrum — SYN, NEXT
  • Polygon — CBY

Market Makers

  • Daily communication with market makers to ensure sufficient liquidity for user transactions
  • Communicate with market makers regarding the 30th trade mining data report

Tokenlon 5th Anniversary

  • Tokenlon 5th Anniversary Retrospective
  • Tokenlon 5th Anniversary Special Event, with five luxurious gifts including iPad Air 11, iPhone 15 Pro, Apple Watch, AirPods and more

Market Overviews

  • Update market overviews daily to help users reference trading information

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,

2024.08.09

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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