Analytics Weekly Highlights | 2024-W18
Welcome to the Analytics Weekly Highlights for Week 18 of 2024. where we delve into the latest trends and operations in Inverse Finance Ecosystem.
Supply & Market Capitalisation
INV FDV USD: 24,708,800 (Change: -8.04%)
INV Circulating Supply USD: 23,518,474 (Change: -7.4%)
INV Circulating: 528,260 (Change: +0.69%)
DOLA Feds
DOLA Feds
This week the Fed Chair has contracted the Convex Fed DOLA supply by more than USD 7 million, bringing DOLA supply back below UD 100 millions.
Total DOLA Supply: 97,541,665 (Change:-6.84%)
FiRM
Usage
Borrowers: 52 (+0)
Stakers: 220 (+1)
Active Users: 248 (+1)
Markets
Week 18 sees Firm's TVL cooling down below USD 45 Millions, correlating with a decrease in current borrows.
Total Collateral: 44,422,053 USD (Change: -4.96%)
Current Borrows: 17,120,062 DOLA (Change: -4.22%)
This week we spotted 3 interesting transaction above USD 100k all focused on wETH market :
2 withdrawals by 0xca6...87a for 300 wETH (964,821 USD) (0x3bf...7ba) and 100 wETH (301,101 USD)
1 repayment by 0xca6...87a for 599,935 DOLA
DBR
Burned: 94,224 DBR (Change: +0.74%)
Total Burned: 12,668,318 DBR
No noticeable transaction spotted.
sDOLA
Week 18 sees a sharp rebound of sDOLA deposits up to 1,089,898 (+18.22%).
DBR Virtual Auction
This week is again an impressive one for the DBR virtual auction : let's pay back that bad debt !
Total DOLA bougth : 476,627 DOLA (+42,844 DOLA / +9.88%)
Total DBR sold : 3,000,389 DBR (+296,647 / +10.97%)
DOLA Liquidity Pools
On the LP front, we observe a an increase of the DOLA/Other Asset ratio close to 1.2 showing some rebalancing of DOLA LPers towards counterpart assets.
DOLA in LPs: 35,431,049 (-16.78%)
Other Assets in LPs: 29,702,209 USD (-32.01%)
DOLA/Other Assets Ratio: 119.29% (Change: -3.84 pp)
The largest changes this week are observed in the DOLA-USDC Aero lp on Base with a USD 9.4 million decrease (-15.63%) in TVL.
Large changes can also be observed on the DOLA/FRAX-USDC on Curve with a decrease over USD -7.8 million in TVL.
Those drops are slightly balanced by an increase in DOLA/USDC on Balancer by USD 1,124,629 (+110.59%).
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.
No additionnal proposal were processed this week, come back next week for some insights !
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.