Tokenlon Weekly(2024.11.08–11.15)

Tokenlon DEX
3 min readNov 15, 2024

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Over the past week, following Trump’s win in the U.S. presidential election, the cryptocurrency market has continued to heat up. BTC hit multiple all-time highs this week, reaching as high as $93,000 before slightly pulling back to its current price of $87,564.70.

ETH is now priced at $3,029, with 7-day gains of 14.7% and 4.3% respectively. Additionally, MEME-related tokens performed exceptionally well this week, becoming a hot topic within the community.

DeFi Market

Note: Data as of 2024.11.15 9:30 UTC+8

Total TVL: $104.46b, of which Ethereum chain TVL is 57.54b.

For Ethereum Layer 2, the total locked value is $42.01 billion, a 7-day increase of 6.65%.

  • The Arbitrum One network’s total locked value is $15.09 billion, a 7-day increase of 6.65%
  • The Optimism network’s total locked value is $6.29 billion, a 7-day increase of 2.96%
  • The Base network’s total locked value is $9.79 billion, a 7-day increase of 13.9%

DEX Market

The DEX market last week has a total transaction of $53b, accounting for 35% of the total Ethereum network transactions.

Tokenlon & LON Weekly Statistics

Tokenlon

  • Tokenlon’s trading volume this week was $141,309,814.72, with 1,788 transaction addresses and 4,300 transactions. The revenue was $316,426.25 and the net profit from fees was $292,781.23 with the current fee balance being $1,214,665.34.

LON

  • The LON staking contract has a staked amount of 77,097,519.50 LON, with an annualized staking yield (monthly) of 26.23%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 5,791,152. A total of 97,504.75 LON was bought back last week.

Tokenlon Development Highlights

Multi-chain token additions

  • BNB — COMP、 YFI、 FRAX
  • Polygon — FRAX
  • Arbitrum — FRAX
  • OP — FRAX

Market makers

  • Daily monitoring and communication with market makers

LON liquidity

  • Assessed the current state of LON’s liquidity and develop a plan to enhance liquidity on layer 2’s

Devcon7

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,

2024.11.15

Contact us

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

The 🐉 #DEX We promise 99% of your transactions will go through Built on 0x and Ethereum Aggregating best prices from major #DEXs

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