Tokenlon Weekly（2024.08.09–08.16）
This week, the collaboration between BitGo and BiT Global has triggered a community trust crisis regarding the control of WBTC. On August 12th, MakerDAO initiated a proposal to “Reduce WBTC Collateral Scale,” which has now been passed.
In the past 7 days, the crypto market has not fluctuated much. BTC is currently quoted at $58,448.61, a 7-day decrease of 3.9%; ETH is currently quoted at $2,619.51, a 7-day decrease of 2.1%.
DeFi Market
Note: Data as of 2024.08.16 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-chain token additions
- Arbitrum — ATH, VRTX
- BNB — MBOX
Tokenlon 5th anniversary
- The Tokenlon 5th anniversary campaign has ended and is in the process of wrapping up. The list of winners is expected to be announced mid next week.
- For the anniversary AMA, we invited imToken market researcher Mako and Chinese community KOL @11dizhu to chat.
User gas fee refund
- On August 5th, due to the abnormal gas fees caused by the sharp market decline and high volatility, the tradebot’s on-chain gas fees were overcalculated. Currently, a total of 4.480924792 ETH and 0.048467826 WBTC in gas fees are being refunded to 6 users.
Market makers
- Monitor market makers quote and conduct daily communication to ensure sufficient liquidity for user transactions
Token liquidity checks
- Conduct market liquidity checks on the tokens listed on Tokenlon’s Ethereum mainnet to ensure smooth trades
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,
2024.08.16
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Notes
Digital Assets are highly volatile and unpredictable. Please do your research before trading.
