Analytics Weekly Highlights | 2025-W38

Naoufel

9/22/20252 min read

Hi Invader, and welcome to the Analytics Weekly Highlights for Week 38 of 2025.

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Supply & Market Capitalisation

In week 38 we observe a decrease of the price and market capitalization : 

  • INV FDV USD: 39,530,620 (-5.60%)

  • INV Circulating Supply USD: 38,598,522 (-5.60%)

  • INV Circulating: 702,047 (steady)

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DOLA Feds

DOLA Feds

This week there were no changes in the total DOLA supply :

  • Total DOLA Supply: 204,589,865 DOLA (steady)

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FiRM

Usage

FiRM user numbers display small changes in week 38.

  • Borrowers: 148 (-2)

  • Stakers: 111 (+2)

  • Active Users: 253 (-2)

Markets

FiRM markets TVL and current borrows are still hovering around their ATH this week and display little changes.

  • TVL : 38,598,522 USD (-0.80%)

  • Current Borrows : 123,929,102 (+0.43%)

This week we spotted 2 transactions over the 2 million mark, and many more above the 100k mark, mainly on PT-USDe-25SEP2025, DOLA-sUSDS and DOLA-sUSDe markets.

Most noticeable TVL changes were on DOLA-sUSDe (USD +2.9M) PT-USDe-25SEP2025 reaching maturity (USD -3.5M) and INV market (USD -1.2M).

👉🏾 To see the full list , scroll below this section.

DBR

This week the DBR burning mechanism was quieter than usual :

  • Burned: 836,787 DBR

  • Total Burned: 75,338,792 DBR (Change: +1.11%)

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sDOLA

At the end of Week 38 sDOLA deposits arestabilizing above 33M :

  • Total deposits : 33,307,683 DOLA (-1.47%)

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DBR Virtual Auction

This week the DBR auction was active :

  • Total DOLA bougth : 4,993,035 DOLA (+183,169 DOLA / +3.81%)

  • Total DBR sold : 57,649,861 DBR (+2,172,370 DBR / +3.92%)

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DOLA Liquidity Pools

On the LP front, we observe a stabilization in DOLA and increase in other assets over week 38 :

  • DOLA in LPs: 91,218,265 DOLA (-0.00%)

  • Other Assets in LPs: 34,738,759 USD (+2.99%)

  • DOLA/Other Assets Ratio: 262.58% (Change: -19.21 pp)


The largest change were  on :

  • DOLA-sUSDs on Curve with an increase by USD 2.2 millions to USD 35.1 millions (+6.81%)

More exhaustive figures available in the table below !

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Governance

This week in governance was relatively quiet with 2 proposals created, 1 queued and none executed. This was related to :

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.

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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.

Sources