Analytics Weekly Highlights | 2024-W10
Welcome to the Analytics Weekly Highlights for Week 10 of 2024, where we delve into the latest trends and data within the Inverse Finance ecosystem.
Supply & Market Capitalisation
Last week has been a very dynamic weeks on the crypto markets, we've seen a continuation in the increase of the market capitalisation :
INV FDV USD: 24,025,950(Change: +2.49%)
INV Circulating Supply USD: 21,569,394(Change: +4%)
INV Circulating: 498,253(Change: +1.48%)
DOLA Feds
DOLA Feds
This week the Fed Chair is active on several market : FiRM, Aero, Convex and Aura Feds are all seing a net increase in their DOLA circulating supply.
Total DOLA Supply: 59,407,190 (Change: 19.67%)
FiRM
Week 10 on FiRM markets also shows a continuation of the uptrend from the previous week. Every single market on FiRM displays an increasing TVL this week and it seems we are on track to reclaim the ATH reached in week 49 last year.
This week the current borrows are also showing signs of growth showing an optimism amid relatively high market prices for FiRM depositors.
Total Collateral: 59,035,832 USD (Change: +10.75%)
Current Borrows:14,034,433 DOLA (Change: +4.02%)
This week we spotted two noticeable transactions on DAI market :
Deposit of 202,391 USD by 0xd31...942 :
https://etherscan.io/tx/0x88ca6b9c99c565e3ba76d11f0e0a1cfaa338e6590b1d80fcefa9a5ecc1e0d657Borrow of 172,000 DOLA by 0xd31...942 :
https://etherscan.io/tx/0x7371f5640b74ff095186a65c7d731a87566b90b5dff78a33afcda196bd1fea62
$DBR
Burned: 15,440 DBR (Change: +0.15%)
Total Burned: 10,369,472DBR
Usage
Borrowers: 48 (+2)
Stakers: 214 (-3)
Active Users: 236 (-1)
sDOLA
Welcome to this new section about sDOLA ! Although this week as shown very little activity we are now equiped to track SDOLA activity as part of this weekly highlights summary !
Total Deposits : 640,246 DOLA (-1.45%)
DBR Virtual Auction
Welcome to this new section about the DBR Virtual auction ! This week has been a very prolific one for the Auction contract which has sold more DBR than all the weeks since its inception in January cumulated.
DOLA purchase : 52,363 DOLA (+74.65%)
DBR sold : 306,281 (+59.11%)
Exchange Markets
Week 10 of 2024 on the markets has been a very profilic one for our ecosystem tokens with general increases in prices and large volumes. Additionnally the market is awekening to the importance of stable rates in the current environment, giving an impressive 30% increase to the DBR price.
$INV:
The price of $INV shows an increase of 9.25% over the past week pursuing past weeks trend.
The weekly trading volume cools down from the previous week to 6,604,853 USD (Volume Change: -13.98%).
$DOLA:
DOLA remained stable over the week closing at 0.9977 (-0.04%)
The weekly trading volume also continues its increase up to 11,429,670 USD (Volume Change: +36.27%)
$DBR:
DBR price is closing week 8 at 0.1874 USD (+30.64%)
DBR trades median weekly price : 0.1491 DOLA
DBR trades average weekly price : 0.1481 DOLA
DOLA Liquidity Pools
On the LP front, we observe an impressive growth both in DOLA or other assets denomination value. The DOLA to other asset ratio is also increasing sharply showing DOLA is growing stronger with the bull market unrolling :
DOLA in LPs: 32,119,322 (+26.67%)
Other Assets in LPs: 26,683,441 USD (+33.47%)
DOLA/Other Assets Ratio: 140.58% (Change:-20.21 pp)
The largest changes this week are observed in the DOLA-USDC Aero lp on Base with an impressive increase of TVL over USD 14 million for this LP (+66.95%), which maintains its role as largest DOLA liquidity provider accross all chains with a TVL of over 35.4 USD millions.
Additionnaly DOLA-FRAX-USDC on ethereum is showing signs of strong growth with a TVL increasing by 3.3 USD millions (+35.89%) to 12.5 USD millions.
More details are available in the table below.
Governance
Last week, 2 proposals were executed adding the wBTC market on FiRM and reducing FiRM DAI DSR Market Daily Borrow Limit to 500,000 DOLA.
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.