Analytics Weekly Highlights | 2024-W24


6/17/20244 min read

Welcome to the Analytics Weekly Highlights for Week 24 of 2024.

Last week has been very chaotic on the crypto markets with the UwU exploit, and the drop in CRV price affecting all wrappers and triggerring mass liquidations accross the ecosystem. FiRM wasnt exempt with the large positions held by M. Egorov on on CRV and cvxCRV markets.

Let's dive into the figures to see what it meant for DOLA and FiRM.

Supply & Market Capitalisation

  • INV FDV USD: 18,642,450 (Change: -14.05%)

  • INV Circulating Supply USD: 18,241,599 (Change: -13.52%)

  • INV Circulating: 543,066 (Change: +0.62%)



This week the Fed Chair has been very active to accomodate for liquidators on the protocol to liquidate eligible positions pushing DOLA supply to a new all time high of USD 152 M and mitigate the effects of the turbulences on the LP :

  • Frax/pyUSD Fed has expanded by over DOLA 12 millions,

  • FiRM Fed by  DOLA 3.9 millions,

  • Aura Fed by DOLA 2.2 millions,

  • Aero Fed by DOLA 1.5 millions,

  • and Opti Fed by DOLA 0.5 millions,

  • Total DOLA Supply: 152,859,686 (+15.66%)



While FiRM user numbers have remained steady this week, we record the largest weekly number of transactions ever registered on the protocol with 280 operations over the week.

  • Borrowers: 59 (steady)

  • Stakers: 214 (-1)

  • Active Users: 250 (steady)


In Week 24 FiRM has known its largest weekly changes since its inception, with M. Egorov positions being liquidated on CRV and cvxCRV markets, decreasing both the TVL and current borrows by over a half.

However despite more than USD 6.474 millions of positions being liquidated over 105 liquidations, no bad debt was created for the protocol or its users.

  • Total Collateral: 19,963,253 USD (Change: -54.99%)

  • Current Borrows: 8,134,197 DOLA (Change: -55.54%)

Operations by types :
  • Liquidations : USD 6.474 millions (105)

  • Deposits : USD 2.190 millions (37)

  • Withdraw: USD 12.963 millions (58)

  • Borrow: USD 1.180 millions (28)

  • Repay: USD 4.865 millions (52)

Week 24 Largest Transactions Summary:
  • Burned: 1,299,534 DBR (Change: +7.88%)

  • Total Burned: 16,484,403 DBR

    A handful of DBR purchases where spotted, most of them accomodating the liquidations on CRV and CVX markets.
    You can find the exhaustive list of those trades in the table below.


Week 24 sees an sDOLA deposits decrease :

  • Weekly deposits : -97,557 DOLA

  • Total deposits : 1,436,398 DOLA (+6.36%)

DBR Virtual Auction

This week the DBR auction displays a more modest increase :

Total DOLA bougth : 771,104 DOLA (+33,889 DOLA / +4.60%)
Total DBR sold : 5,541,659 DBR (+356,006 / +6.87%)

DOLA Liquidity Pools

On the LP front, we can see larges shifts in LPs echoing by the large liquidations and repayments processed on FiRM :

  • DOLA in LPs: 69,365,569 (-20.84%)

  • Other Assets in LPs: 57,075,727 USD (-16.07%)

  • DOLA/Other Assets Ratio: 121.53 (Change: -4.11 pp)

The largest changes this week are observed in the DOLA-USDbC Aero lp and DOLA-USDC Aero lp on Base with respective decreases in TVL of  USD 18.5 million (-23.38%) and USD 4.1 millions (-11.82%).


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.

This week in governance we've seen:

  • 2 proposal created

  • 2 proposal queued

Those proposals were related to :


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.