Analytics Weekly Highlights | 2024-W04
Welcome to the Analytics Weekly Highlights for Week 4 of 2024, where we delve into the latest trends and data within the Inverse Finance ecosystem.
Supply & Market Capitalisation
This week in Inverse Finance's market dynamics we observed a slight decrease:
INV FDV USD: 15,667,200 (Change: -0.91%)
INV Circulating Supply USD: 15,513,285 (Change: -0.92%)
INV Circulating: 470,139 (Change: +1.62%)
DOLA Feds
Stability marked the DOLA Feds with no change in total supply over week 3:
Total DOLA Supply: 48,134,702 (No Change)
FiRM
The FiRM markets this week showed significant movements:
Total Collateral: 37,835,845 USD (Change: -8.43%)
Current Borrows: 14,084,495 DOLA (Change: +0.07%)
This week, the collateral drop is mainly driven by cvxCRV and CRV markets can be explained by a combination of price decrease for the deposited assets and large withdrawals on those same markets.
This week we spotted three noticeable transactions on FiRM, all sent from M. Egorov wallet :
Deposit 1 : 218,676 USD on CRV market (0x155...efa)
Withdrawal 1 : 222,485 USD from cvxCRV market (0xbc9...125)
Withdrawal 2 : 444,971 USD from cvxCRV market (0xbbd...b54)
$DBR
Burned: 15,614 DBR (Change: 0.16%)
Total Burned: 9,913,133 DBR
Usage
Borrowers: 46 (-1)
Stakers: 216 (+1)
Active Users: 235 (+1)
Exchange Markets
Week 4 of 2024 in the Inverse Finance ecosystem displayed diverse trends in market prices and volumes :
$INV:
The price of $INV continued its decrease, ending the week at 32.64 USD (Change: -4.59%).
The weekly trading volume decreasedfrom the previous week to 1,924,394 USD (Volume Change: +76.64%).
$DOLA:
$DOLA closed at 0.9915 USD (Change: +0.65%).
The weekly trading volume increased from the previous week, reaching 5,117,033 USD (Volume Change: +6.11%) in the context of a volatile week for the DOLA price
$DBR:
DBR price increased through week 4 to 0.1314 USD (+4.49%)
DBR trades median weekly price : 0.1265 DOLA
DBR trades average weekly price : 0.1251 DOLA
No noticeable were spotted over the week
DOLA Liquidity Pools
Week 4 was a very active week on the LP front, and the Fed Chair had to step in in order to defend DOLA peg accross the decentralized markets, let's delve into the details :
DOLA in LPs: 24,135,960 DOLA (-10.40%)
Other Assets in LPs: 11,382,409 USD (-20.12 %)
DOLA/Other Assets Ratio: 212.05% (Change: +8.07 pp)
Significant Pool Contributions:
D0LA-USDC AeroLP (Aerodrome on Base)
Lost its status as the largest liquidity provider.
DOLA Variation: -929,721 DOLA.
Other Assets Variation: -697,764 USD.
TVL Variation USD: -1,627,486 USD (Week Change: -13.58%).
D0LA-USDC arbblp (BAL on Arbitrum)
Sharpdecrease in DOLA holdings and significant drop in other assets.
DOLA Variation: -733,228 DOLA.
Other Assets Variation: -449,840 USD.
TVL Variation USD: -1,183,068 USD (Week Change: -30.86%).
D0LA-USDC blp (BAL on Ethereum)
Sharp decrease in DOLA holdings and significant drop in other assets.
DOLA Variation: -566,801 DOLA.
Other Assets Variation: -297,549 USD.
TVL Variation USD: -864,350 USD (Week Change: -21.91%).
D0LA-FRAX-USDC (CRV on Ethereum)
Experienced a slower relative decrease than Base, making it the first DOLA LP provider
DOLA Variation: -361,671 DOLA.
Other Assets Variation: -573,083 USD.
TVL Variation USD: -834,754 USD (Week Change: -8.50%).
Governance
1 proposal executed relative to the update of the governance quorum (proposal 165)
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.