Tokenlon Weekly(2024.09.13–09.20)

Tokenlon DEX
3 min readSep 20, 2024

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The cryptocurrency market remained largely sluggish in the first half of the week, until the U.S. Federal Reserve announced a 50bps interest rate cut on 18th September, triggering a somewhat expected market reaction: BTC price gradually rose, up 10.1% in 7d, now at $63,766.66. Ethereum also followed suit, up 8.9% in 7d, now at $2,559.14.

DeFi Market

Note: Data as of 2024.09.20 9:30 UTC+8

Total TVL: $83.44b, of which Ethereum chain TVL is 46.45b.

For Ethereum Layer 2, the total locked value is $35.26 billion, a 7-day increase of 2.76%.

  • The Arbitrum One network’s total locked value is $13.63 billion, a 7-day increase of 1.01%
  • The Optimism network’s total locked value is $5.95 billion, a 7-day increase of 3.02%
  • The Base network’s total locked value is $6.49 billion, a 7-day increase of 4.71%

DEX Market

The DEX market last week has a total transaction of $20b, accounting for 41.3% of the total Ethereum network transactions.

Tokenlon & LON Weekly Statistics

Tokenlon

  • Tokenlon’s trading volume this week was $85,831,966.57, with 1,421 transaction addresses and 3,264 transactions. The revenue was $119,100.73 and the net profit from fees was $114,658.39 with the current fee balance being $582,268.21.

LON

  • The LON staking contract has a staked amount of 76,608,643.52 LON, with an annualized staking yield (monthly) of 27.01%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 6,041,975. A total of 84,617.76 LON was bought back last week.

Tokenlon Development Highlights

Multi-chain tokens

  • Review of token decimals to provide the best trading experience

Maker rebrands to Sky, USDS

  • Listing preparations
  • Liquidity monitoring

Market makers

  • Daily market maker quotation monitoring
  • Communications of the 31st trade mining market maker report

Community

  • Mid-autumn festival staking campaign has ended, with the winners contacted. Prizes to be distributed next week

Community treasury

  • Q3 community treasury report completed, will be published next week in on the official Gitbook, Github

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,

2024.09.20

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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