Analytics Weekly Highlights | 2024-W02

Welcome to the Analytics Weekly Highlights for Week 2 of 2024, where we explore the latest data and trends within the Inverse Finance ecosystem.

Supply & Market Capitalisation

This week, we observed a notable reduction in Inverse Finance's market dynamics:

• INV FDV USD: 16,339,200 (Change: -10.73%)

• INV Circulating Supply USD: 16,183,206 (Change: -10.74%)

• INV Circulating: 460,350 (Change: +1.41%)
  

DOLA Feds

Activity in week 2 for the Feds was relatively low, with a 990,000 contraction of FiRM Fed on the DAI markets

• Total DOLA Supply: 48,581,853 (-2.00%)

FiRM

The FiRM markets this week showed a contraction in both the current borrows and collateral deposited.

• Total Collateral: 43,544,074 USD (Change: -2.73%)

• Current Borrows: 14,175,108 DOLA (Change: -7.09%

When looking into the FiRM transaction data we notice those changes are mainly due to the repayment and withdrawals of a large wallet on the DAI market :

• Withdrawal  : 1,180,000 DAI / 1,180,000 USD :
  https://etherscan.io/tx/0xb1346cd539ac0ecf336f1ecbd26d3f940787b2a92d2fd49478d2a7d83349872e

• Repayment : 1,001,383 DAI / 1,001,383 USD :
  https://etherscan.io/tx/0xb1346cd539ac0ecf336f1ecbd26d3f940787b2a92d2fd49478d2a7d83349872e
  

$DBR

• Burned: 243,488 DBR (Change: 4.36%)

• Total Burned: 5,578,533 DBR

Usage

In FiRM, we noticed a slight decrease for all categories :

• Borrowers: 48 (Change: -2 users)

• Stakers: 215 (Change: -2 users)

• Active Users: 238 (Change: -3 users)
  

Exchange Markets

Week 2 of 2024 in the Inverse Finance ecosystem displayed diverse trends in market prices and volumes :

• $INV:

  • The price of $INV saw a notable decrease, ending the week at 34.04 USD (Change: -8.34%).

  • The weekly trading volume increased from the previous week, reaching 2,311,411 USD (Volume Change: +21.06%).

• $DOLA:

  • Demonstrating stability, $DOLA closed at 0.9899 USD (Change: +0.30%).

  • The weekly trading volume increased from the previous week, reaching 2,072,308 USD (Volume Change: +40.67%).

$DBR

DBR showed a very low trading activity, showing a close match between average price, median price and trade price accross the second week of 2024.

• $DBR Price Open: 0.1379 USD

• $DBR Price Close: 0.1252 USD

• $DBR Weekly Average Price : 0.1333 DOLA

• $DBR Weekly Median Price : 0.1345 DOLA

• $DBR Weekly Volume: 38,543.52 USD

DOLA Liquidity Pools

In the first week of 2024, within a context of  volatile market conditions, DOLA to other assets ratio has shifted to 170.46% (+10.01 % change from previous week).

Key Highlights:

• DOLA/Other Assets Ratio: The ratio experienced a considerable increase to 170.46%, signifying a change from the previous week of +10.01%.

Significant Pool Contributions:

• D0LA-USDC AeroLP (Aerodrome on Base): Maintained its status as the largest liquidity provider with a notable reduction in other assets

  • DOLA Variation: -327,029 DOLA

  • Other Assets Variation: -655,937 USD

  • TVL Variation USD: -982,966.16 USD (Week Change: -5.80%)

• D0LA-FRAX-USDC (CRV on Ethereum): Recovers from the previous week downward trend.

  • DOLA Variation: +222,715.54 DOLA

  • Other Assets Variation: +709,196.30 USD

  • TVL Variation USD: +931,911.84 USD (Week Change: +8.22%)

Governance

The data suggest an active week on the governance front with :

• 2 proposals executed,

• 3 proposals queued,

• 2 new proposals created.

You can check our governance page for more details about each individual proposal or participate in the governance process : https://www.inverse.finance/governance

Stay tuned for more insights next week ! 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. For this rreason the data might periodically get revised.

Sources