Analytics Weekly Highlights | 2024-W49
Hi Invader, and welcome to the Analytics Weekly Highlights for Week 49 of 2024.
Last week we saw Bitcoin raise above the 100,000 USD psychological bar, FiRM TVL beat its own ATH, and INV price jumped by 45%. Lastly our weekly report also turned one year old , so many reasons to celebrate ! 🥳
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Supply & Market Capitalisation
INV FDV USD: 32,718,000 USD (+45.55%)
INV Circulating Supply USD: 30,969,712 USD (+45.55%)
INV Circulating: 582,137 INV (steady)
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DOLA Feds
DOLA Feds
This week the Fed Chair expanded FiRM supply by close to DOLA 3 millions to accomodate for newly listed USDs markets.
Total DOLA Supply: 209,538,115 DOLA (Change: +1.44%)
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FiRM
Usage
FiRM user numbers display little changesi n week 49.
Borrowers: 88 (+2)
Stakers: 159 (-3)
Active Users: 226 (Change: -2)
Markets
The market has seen major fluctuations in collateral and borrows : FiRM crossed the USD 95 millions mark of TVL during the weekend, and closed at 88M after a 41% increase bringing both the TVL and current borrows to their ATH by their largest absolute weekly change so far.
TVL : USD 88,259,095 USD (+41.00%)
Current Borrows : 44,968,613 DOLA (+58.53%)
Those large changes can be mainly explained by large deposits on DOLA-sUSDe, yvCurve-DOLA-sUSDe-f,yvCurve-DOLA-sUSDS-f and DOLA-sUSDS markets as well as the overall price increase on markets such as INV or CVX.
This week we spotted many million-dollar worth transactions, to see the full list of transactions above USD 100k , scroll below this section.
DBR
Burned: 1,869,173 DBR
Total Burned: 24,530,196 DBR (Change: +7.73%)
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sDOLA
In Week 49 sDOLA deposits continues their surge and increase sharply above 2.5 millions :
Total deposits : 2,584,261 DOLA (+29.18%)
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sINV
In Week 49 sINV deposits remain mostly unchanged and increase slightly.
Total deposits : 58,193 INV (+0.21%)
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DBR Virtual Auction
This week the DBR auction is back on track and displays a small increase :
Total DOLA bougth : 1,839,407 DOLA (+33,642 DOLA / +1.86%)
Total DBR sold : 22,649,096 DBR (+178,393 / +0.79%)
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DOLA Liquidity Pools
On the LP front, we observe some large decrease awhile the DOLA/Other assets ratio rebound by 4.5 percentages points :
DOLA in LPs: 70,182,153 DOLA (+24.29%)
Other Assets in LPs: 55,587,893 USD (+19.07%)
DOLA/Other Assets Ratio: 126.25% (Change: +4.48 pp)
The largest changes this week is observed on Athereum Mainnet :
DOLA-sUSDe curve lp TVL increase by USD 13 millions (+800%) to USD 15.1 millions at week close
DOLA-sUSDs curve lp TVL increase by USD 8.4 millions (+375%) to USD 10.7 millions at week close
DOLA-scrvUSD curve lp TVL increase by USD 4.2 millions (+178%) to USD 6.6 millions at week close
More exhaustive figures available in the table below !
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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.
This week in governance was active with the addition of new FiRM markets :
3 proposal created
3 proposal queued
4 proposal executed
Those proposal were related to :
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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.