Tokenlon Weekly(2024.08.30–09.06)

Tokenlon DEX
3 min readSep 6, 2024

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Grayscale August Report: ETH underperforms the broader market, while Bitcoin is expected to hit a new all-time high this year. The decline in US stocks over the past week has also led to an overall decline in the cryptocurrency market. BTC is currently quoted at $56,165.85, with a 7-day decline of 5.6%; ETH is currently quoted at $2,365.25, with a decline of 5.7%.

Outside the mainstream market, 1inch led the DeFi sector with frequent highlights, with a single-day increase of up to 20%, and related tokens such as UNI and AAVE rose by 10% within the day.

DeFi Market

Note: Data as of 2024.09.06 9:30 UTC+8

Total TVL: $70.27b, of which Ethereum chain TVL is 45.00b.

For Ethereum Layer 2, the total locked value is $33.85 billion, a 7-day decrease of 4.77%.

  • The Arbitrum One network’s total locked value is $13.61 billion, a 7-day decrease of 7.88%
  • The Optimism network’s total locked value is $5.47 billion, a 7-day decrease of 3.38%
  • The Base network’s total locked value is $5.92 billion, a 7-day decrease of 3.09%

DEX Market

The DEX market last week has a total transaction of $21b, accounting for 42.8% of the total Ethereum network transactions.

Tokenlon & LON Weekly Statistics

Tokenlon

  • Tokenlon’s trading volume this week was $65,575,837.95, with 1,492 transaction addresses and 3,237 transactions. The revenue was $112,309.26 and the net profit from fees was $109,592.07 with the current fee balance being $464,858.49.

LON

  • The LON staking contract has a staked amount of 76,484,833.73 LON, with an annualized staking yield (monthly) of 27.24%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 5,955,009. A total of 87,338.17 LON was bought back last week.

Tokenlon Development Highlights

Multi-chain token additions

  • BNB — MDX
  • Arbitrum — CATCH

Ethereum mainnet tokens

  • RNDR rebranded to RENDER

Market makers

  • 31st phase LON trade mining report in preparation

Tokenlon 5th anniversary

  • Completed the retrospective of the 5th anniversary celebrations

RFQ V2 fee loss incident

  • Post-partum of the RFQ v2 incident last week

32nd phase LON trade mining

  • 31st phase LON trade mining has ended, with a total trade volume of $523,329,832.30, protocol fees captured at $998,541.43, bought back 577,689.85 LON (actual number at 490,351.68 LON, explanation here). 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,

2024.09.06

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Notes

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

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Tokenlon DEX
Tokenlon DEX

Written by Tokenlon DEX

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