Tokenlon Weekly(2024.2.23–3.1)

Tokenlon DEX
3 min readMar 2, 2024

This week, both BTC and ETH have continuously broken through their previous highs, reaching a high of $64,000 and $3,500 respectively. There has been a slight correction, with current prices at $61,565 and $3,387 respectively, representing a 20.4% and 14.8% increase over the past seven days.

The latest governance proposal for UNI plans to distribute protocol fees to UNI token stakers. This proposal has driven the price of UNI tokens up, with the current price at $11.05 and a 55.6% increase over the past seven days, leading to an increase in the DEX sector. Tokenlon has been repurchasing LON with protocol fees and distributing them to LON stakers since 2021, with LON currently priced at $0.72, reaching a new high in recent years.

DeFi Market

Note: Data as of 2024.3.1 09:30 +UTC

Total TVL: $90.54b, of which Ethereum chain TVL is 52.58b.

For Ethereum Layer 2, the total locked value is $30.07 billion, a 7-day increase of 7.00%.

  • The Arbitrum One network’s total locked value is $13.66 billion, a 7-day increase of 8.09%
  • The Optimism network’s total locked value is $7.67 billion, a 7-day increase of 4.59%

DEX Market

The DEX market last week has a total transaction of $30b, accounting for 50.0% of the total Ethereum network transactions.

Tokenlon & LON Weekly Statistics


  • Tokenlon’s trading volume this week was $126,187,796.64, with 1,277 transaction addresses and 3,060 transactions. The revenue was $261,316.30 and the net profit from fees was $237,797.14 with the current fee balance being $491,946.79.


  • The LON staking contract has a staked amount of 72,607,082.94 LON, with an annualized staking yield (monthly) of 28.74%. The LON liquidity pool (Uniswap+Sushiswap) has a locked LON amount of 7,014,961. A total of 261,453.94 LON was bought back last week.

Tokenlon Development Highlights

Market Makers

  • Issuing the 26th trading and mining report to various market makers, synchronizing their data performance, and addressing daily issues through communication.

New Assets

  • Launching the ALT token and conducting research on PRIME, BEAM, XAI, PORTAL. Relevant assets will be launched based on market performance in the near future.

Lantern Festival Event

  • Congratulations to @Youping_Wang, @SafeBellCharles, and @xiexieyixin for winning 10 USDT each. The rewards have been sent to the Arbitrum addresses in their imToken wallets.

Third-Party Collaboration

  • Communicating with DefiLlama to correct Tokenlon-related data and add multi-network transaction data.

Reminder for GTO Service Adjustment

  • For imBTC holders, it is recommended to redeem the subscribed imBTC and WBTC assets before 23:59 on March 31, 2024 (UTC+8). See the announcement for more details.

Important Risk Warning

  • LON token contract address:
  • LON is Tokenlon’s native token, where holders will enjoy fee discounts and voting rights
  • Beware of fake Tokenlon imitations, the official website is:
  • Please do not download any app or DApp from non-official Telegram, Whatsapp, Facebook, or Wechat



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