Analytics Weekly Highlights | 2023-W49
Gm invaders, and welcome to this week's Analytics Weekly Highlights !
It's been a really interesting week in the crypto markets with the total crypto market capitalisation making a comeback over the USD 1.5 Trillion mark.
With FiRM's Total Value Locked (TVL) AND and the DBR price hit a new all-time high, Inverse has also secured its share of good news over the past week
Let's jump into the details and take a closer look at the weekly figures to see what's been happening!
Supply & Market Capitalisation
This week marked notable changes in the market, with the FDV value reaching its highest since February 2023. Here are the key details:
Total Supply USD : 20,318,400 USD (+5.96%)
Total INV: 480,000 INV
Circulating Supply in USD: 20,121,960 USD (Change: +5.94%)
Circulating INV: 434,510 INV (Change: +0.36%)
These figures highlight significant growth in both the total supply and circulating supply from last week, mostly due to price fluctuactions and the current excitement going through the markets.
DOLA Feds
The DOLA supply increased significantly by 4.59 % last week mostly to accomodate the Convex Fed Policy, while FiRM and Aura Fed contributed to this expansion in a limited way (+300,000 DOLA each).
Total Supply: $49,491,796 (+2,171,375DOLA / +4.59%)
FiRM
While week 49 has seen a modest user growth (+1) with the weekly total number of transactions remaining stable on the protocol , it has also witnessed a steady increase of the TVL in the protocol of more than 6% to reach new all-time highs above USD 62 million.
Those significant increases can largely be tied to deposits flowing towards the cvxCRV and CRV markets over the past week.
Markets
Total Collateral: 62,373,437 USD (+3,535,506 USD / +6.01%)
Current Borrows: 15,257,541 DOLA (-1,894,853 USD / -11.05%)
DBR
Burned: 157,208 DBR (3% of total amount burned)
Total Burned: 5,245,473 DBR
Usage
Depositors : 241 (+1)
Stakers : 216 (+0)
Borrowers : 51 (+0)
Exchange Markets
Inverse Finance ecosystem benefited from the recent uptrends in the markets :
$INV market witnessed a rise in price with a sharp but expected decline in trading volume after the previous week (2023W48) that saw the largest trading volume for INV since February 2023.
$DOLA showed stability in price, alongside a modest decrease in trading volume from the previous week and shows signs that it want to break out from the relative peace of the past month.
$DBR experienced its new ATH on Saturday 8th briefly crossing the 0.20 USD mark before cooling off to lower new highs (0.15 at the time of writing), and carrying the yearly borrowing rate on FiRM to a new price discovery zone
$INV
Price: 42.34 USD (+2.97 USD / +4.29%)
Weekly Volume: 4,728,854.83 USD (-3,785,986 USD / -80.06%)
$DOLA
Price: 0.9995 USD (-0.0014 USD / -0.14%)
Weekly Volume: 4,842,471.17 USD (-672,005 USD / -13.88%)
DOLA Liquidity Pools
This week saw meaningful activity in the liquidity pools for Inverse Finance's DOLA. DOLA-USDC aeroLP and beetLP saw large decreases in their deposits value (resp. -10.01% and -16.11%) balanced by a sharp increase of DOLA-FRAX-USDC pools on Curve and DOLA-USDC on Balancer (resp. +9.15% and +20.64%).
The following are the key highlights:
DOLA Value in LPs: 28,857,639 USD (+1,640,892 USD / +5.69%)
Other Assets Value in LPs: 20,330,011 USD (-80,329 USD / -0.40%)
DOLA/Other Assets: 141.95% (-0.21 pp)
Most Significant Pool Contribution:
Pool Name: D0LA-FRAX-USDC
Protocol: CRV on Ethereum
Variation in DOLA: +1,628,308 DOLA (+19.91%)
TVL Variation : + 1,329,874
These figures indicate a notable shift in DOLA's presence in the liquidity pools, primarily driven by changes in the DOLA-FRAX-USDC pool. This week's numbers suggest a very active market environment, for all pools and protocols.
Governance
Nothing new this time, come back next week !
Notes
Supply & Market Capitalisation : positions : on-chain data (RPC) , prices : DefiLLama
FiRM & Governance : on-chain data (subgraph: inverse-governance-subgraph)
DOLA Feds : on-chain data (RPC)
Markets : prices: Coingecko ; CEX trades & volume: Coingecko ; DEX trades & volume: on-chain data
Liquidity Pools : positions : on-chain data (RPC) ; prices : DefiLLama
To process and analyze the data we make a heavy use of python scripts and SQL which rely on our in-house data analytics platform Inverse Watch.
The data presented in this article has been aggregated on a weekly basis and is combining multiple data sources listed below. It is presented for information purposes and does not constitute an investment advice.
This analysis was realized taking assumptions due to the quality of the historical data available for some token prices. For this reason, some historical values might deviate from the reality
We do strive to continuously improve our data productions processes and are upgrading our methodology every day with the best tools available to improve the quality of our reports. For this rreason the data might periodically get revised.