Analytics Weekly Highlights | 2024-W20
Welcome to the Analytics Weekly Highlights for Week 20 of 2024. Let's dive into the latest trends and operations in Inverse Finance Ecosystem.
Supply & Market Capitalisation
INV FDV USD: 25,346,850 (Change: +4.48%)
INV Circulating Supply USD: 24,362,041 (Change: +5.13%)
INV Circulating: 533,436 (Change: +0.61%)
DOLA Feds
DOLA Feds
This week the Fed Chair has expanded the Firm Fed supply further by USD 1.9 million to accomodate stETH markets, bringing DOLA supply just over USD 130 millions to a new ATH.
Total DOLA Supply: 130,323,367 (Change:+1.55%)
FiRM
Usage
Borrowers: 55 (+2)
Stakers: 217 (-3)
Active Users: 248 (+0)
Markets
In week 20 we can observe an impressive rebound of Firm TVL over USD 43 millions, as well as a large increase in the protocol current borrows, tied to large deposits on wETH and wstETH markets (see below).
Total Collateral: 43,899,371 USD (Change: +6.92%)
Current Borrows: 17,848,158 DOLA (Change: +7.40%)
This week we spotted 3 interesting transaction above USD 100k on WETH and CVX market :
1 deposit by 0xca6...87a for 280 wETH / 865,658 USD (0xb0f...ba4)
1 deposit by 0xe53...941 for 258.15 wstETH / 918,943 USD (0xbcf...231)
1 deposit by 0xe53...941 for 250 wstETH / 881,642 USD (0x958...b22)
1 borrow by 0xe53...941 for 500,000 DOLA (0xbcf...231)
1 borrow by 0xe53...941 for 500,000 DOLA (0x958...b22)
DBR
Burned: 116,102 DBR (Change: +0.90%)
Total Burned: 12,849,842 DBR
No noticeable transaction spotted.
sDOLA
Week 20 sees sDOLA deposits continuing its rise over 1M to 1,155,021 (+4.03%).
DBR Virtual Auction
This week again the DBR auction contract displays an impressive increase :
Total DOLA bougth : 569,484 DOLA (+53,981 DOLA / +10.47%)
Total DBR sold : 3,722,236 DBR (+423,961 / +12.85%)
DOLA Liquidity Pools
On the LP front, we observe a slight increase of the DOLA/Other Asset ratio as for the TVL in both denominations :
DOLA in LPs: 28,517,147 (+1.44%)
Other Assets in LPs: 24,836,871 USD (+2.96%)
DOLA/Other Assets Ratio: 114.982 (Change: +3.86 pp)
The largest changes this week are observed in the DOLA-USDC Aero lp on Base with a USD 1.9 million decrease (-1.78%) in TVL.
This decrease is balanced by a sharp relative increase of deposits in DOLA-USDC on Balancer mainnet (+927,093 / +80.05%) as well as on Arbitrum (+637,140 / +59.47%)
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.
Governance season continues ! This week we've seen:
2 proposal created - related to add sFRAX market on Firm and standardize Firm markets staleness thresholds
1 proposal queued - aiming to add st-yETH Market to FiRM.
7 proposal executed - all related to the kick off season 2 in the past week.
Most of those proposal are related to the budget refresh of the DAO's different working groups with the addition of a proposal
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.