Tokenlon Weekly(2024.1.19–1.26)

Tokenlon DEX
3 min readJan 27, 2024

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This week, the cryptocurrency market experienced a drop in BTC below $40,000 likely due to continuous GBTC selling by Grayscale. The current price is $40,199.09 for BTC and $2,210.89 for ETH. Both experienced a 7d decline of 2.7% and 10.2% respectively.

DeFi Market

Note: Data as of 2024.1.26 09:30 +UTC

Total TVL: $55.15b, of which Ethereum chain TVL is 30.95b.

For Ethereum Layer 2, the total locked value is $20.18 billion, a 7-day decrease of 9.68%.

  • The Arbitrum One network’s total locked value is $9.93 billion, a 7-day decrease of 10.40%
  • The Optimism network’s total locked value is $4.94 billion, a 7-day decrease of 14.45%

DEX Market

The DEX market last week has a total transaction of $17b, accounting for 55.1% of the total Ethereum network transactions.

Tokenlon & LON Weekly Statistics

Tokenlon

  • Tokenlon’s trading volume this week was $72,576,915.79, with 1,214 transaction addresses and 2,742 transactions. The revenue was $154,962.99 and the net profit from fees was $148,508.57 with the current fee balance being $204,304.42.

LON

  • The LON staking contract has a staked amount of 71,806,424.01 LON, with an annualized staking yield (monthly) of 28.87%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 6,952,674. A total of 368,384.50 LON was bought back last week.

Tokenlon Development Highlights

Market trending assets

  • Conduct market research, select popular assets and tokens, and prepare for listing on Tokenlon

Market maker communications

  • Maintained close communication with Tokenlon’s current market makers to ensure mutual understanding of the latest progress, and facilitate further collaboration

Collaboration with 3rd party audits

  • Actively engage in discussions with 3rd party audit teams, reaching cooperation agreements, and sign business contracts to implement the deployment of audit tech

Users & partners gift list

  • Chinese new year gift preparation for users and partners

BTC cross-chain gateway

  • Officially cease operations on 31st January 2024 at 12:00 UTC+8. Subscription services are now closed, and redemption deadline is 31st March 2024. Check the announcement for details.

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,

2023.1.26

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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