Analytics Weekly Highlights | 2023-W51
Happy Holidays, invaders! Let's dive into the Analytics Weekly Highlights for Week 51.
This week in the crypto landscape, we observed a mix of resilience and recalibration within the Inverse Finance ecosystem. Despite the seasonal slowdown, there were interesting movements in the Supply and Capitalisation, as well as in the FiRM and DOLA Feds sectors.
Let's explore the key developments of this week!
Supply & Market Capitalisation
In Week 51, Inverse Finance saw a slight rebound in both Total and Circulating Supply, illustrating a cautious optimism in the market:
Total Supply USD: 18,595,200 (Change: +2.35%)
Circulating Supply USD: 18,413,752 (Change: +2.33%)
Circulating INV: 448,672 (Change: +0.49%)
DOLA Feds
Week 51 saw a subtle yet significant shift in the DOLA Feds, highlighting a strategic balance between expansion and contraction in various markets :
Total Supply of DOLA: 51,046,353 (Change: +0.33%)
Aero Fed (Base) saw an increase in supply, adding 2,000,000 DOLA.
Aura Fed #4 experienced a reduction of 449,827.75 DOLA, aligning with market demands.
A noteworthy contraction was observed in the Convex Fed #3, with a decrease of 1,381,487.98 DOLA.
FiRM
User activity in FiRM remained stable, with no significant changes in borrowers and depositors numbers.
Market activity showed a notable decline in collateral value mainly boasted by withdrawals on CRV markets, with a marginal change in borrows showing borrowers restraint is unchanged from last week :
Total Collateral: 48,533,474 USD (Change: -17.11%)
Current Borrows: 15,277,155 DOLA (Change: -0.07%)
$DBR
Burned: 10,377 DBR (0.2% of total amount burned)
Total Burned: 5,272,914 DBR
Usage
Depositors : 238 (+0)
Stakers : 213 (+0)
Borrowers : 51 (+0)
Exchange Markets
This week in the Inverse Finance ecosystem, we observed a varied trend in market prices with DOLA showcasing resilience amidst a significant decrease in volume.
$INV experienced a decrease in both price and trading volume, signaling a period of lesser market activity following the high volumes seen in previous weeks.
$DOLA maintained a relatively stable price with a marginal increase, despite a considerable drop in trading volume. This suggests sustained investor interest in changing market conditions.
$DBR witnessed a notable reduction in both price and volume, reflecting a shift in approach towards more accessible loans in the current market context.
$INV
Price: 38.77 USD (+1.96%)
Weekly Volume: 2,070,758.88 USD (Change: -34.78%)
$DOLA
Price: 0.9908 USD (-0.10%)
Weekly Volume: 1,891,308.69 USD (Change: -76.54%)
$DBR
Price: 0.1237 USD (-5.76%)
Weekly Volume: 69,836.57 USD (Change: +69.44%)
DOLA Liquidity Pools
In the liquidity sphere, DOLA has exhibited a significant presence, especially in the context of changing market conditions. This week, we saw a notable shift in the DOLA/Other Assets ratio, emphasizing the dynamic nature of the liquidity pools. The data indicates that despite the market's volatility, yields across various markets continue to attract consistent liquidity provision.
Key Highlights:
DOLA Value in LPs: 30,086,422 DOLA (Week Change: +2.74%)
Other Assets Value in LPs: 21,864,902 USD (Week Change: +5.70%)
DOLA/Other Assets Ratio: 137.60% (Change from previous week: +0.88%)
Significant Pool Contributions:
D0LA-USDC AeroLP (Aerodrome on Base)
Emerged as the largest liquidity provider for Inverse.
DOLA Variation: +3,509,526.44 DOLA (+15.86%)
TVL Variation USD: +6,624,011.48 USD (+18.32%)
D0LA-FRAX-USDC (CRV on Ethereum)
Contrary to the trend, this pool did not see an increase this week.
DOLA Variation: -2,223,670.20 DOLA (-22.84%)
TVL Variation USD: -4,030,364.42 USD (-22.84%)
These figures underscore the highly dynamic nature of LP depositors' activities, with movements indicating both growth and contraction in different pools. The ascent of AeroLP as the largest liquidity provider marks a significant development in the Inverse Finance ecosystem, reflecting its evolving and responsive nature.
Governance
Two proposals were queued this week, related to INV Oracle price feed update, and the switch of the stETH market to a wstETH market with no additionnal cancellations or executions.
As we wrap up the year, these figures indicate a cautious yet active market. The resilience of the DOLA and its liquidity pools, in particular, suggests a strategic positioning by investors amidst a fluctuating market.
Wishing you all a wonderful week ahead, and stay tuned for more updates! If you have any data question don't hesitate to reach out to @naouufel on X/Twitter or to the Analytics General channel on our Discord.
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.