Tokenlon Weekly(2024.08.23–08.30)

Tokenlon DEX
3 min readAug 30, 2024

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The focus of the crypto market this week was the arrest of Telegram CEO Pavel Durov, who has now been released on bail. Affected by this, the price of TONCOIN has fluctuated greatly, currently quoted at $5.46, with a 7-day decline of 16.7%. In the mainstream market, BTC is quoted at $58,959.57, with a 7-day decline of 3.3%; ETH is quoted at $2,515.49, with a 7-day decline of 6.1%.

DeFi Market

Note: Data as of 2024.08.30 9:30 UTC+8

Total TVL: $82.82b, of which Ethereum chain TVL is 47.03b.

For Ethereum Layer 2, the total locked value is $36.00 billion, a 7-day decrease of 3.49%.

  • The Arbitrum One network’s total locked value is $14.76 billion, a 7-day decrease of 3.18%
  • The Optimism network’s total locked value is $5.67 billion, a 7-day decrease of 2.72%
  • The Base network’s total locked value is $6.12 billion, a 7-day decrease of 3.38%

DEX Market

The DEX market last week has a total transaction of $26b, accounting for 42.6% of the total Ethereum network transactions.

Tokenlon & LON Weekly Statistics

Tokenlon

  • Tokenlon’s trading volume this week was $88,140,238.96, with 1,494 transaction addresses and 3,367 transactions. The revenue was $140,132.09 and the net profit from fees was $137,518.50 with the current fee balance being $428,200.27.

LON

  • The LON staking contract has a staked amount of 76,813,026.02 LON, with an annualized staking yield (monthly) of 27.35%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 5,992,334. A total of 82,191.37 LON was bought back last week.

Tokenlon Development Highlights

Multi-chain token additions

  • Arbitrum — GRT
  • BNB — MKR, FDUSD

Ethereum mainnet token additions

  • Support trading of tokens such as ONDO, GAL, MOCA

Market Makers

  • Market maker quote monitoring and daily communication to ensure smooth trading operations

Tokenlon 5th Anniversary

  • Prizes & merchandise have been distributed
  • Data consolidation and review

RFQ V2 Fee Loss

  • The Tokenlon team discovered 9 abnormal fee transfers from the RFQV2 contract
  • During the investigation, Tokenlon suspended and closed the RFQ v2 contract
  • Tokenlon swap services are operating normally

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,

2024.08.30

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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