Analytics Weekly Highlights | 2025-W39
Hi Invader, and welcome to the Analytics Weekly Highlights for Week 39 of 2025.
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Supply & Market Capitalisation
In week 39 we observe a sharp decrease of the price and market capitalization in line with the global market correction :
INV FDV USD: 30,413,700 (-23.06%)
INV Circulating Supply USD: 29,696,571 (-23.06%)
INV Circulating: 702,047 (steady)
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DOLA Feds
DOLA Feds
This week there were a large decrease in the total DOLA supply mainly due to FiRM Fed contraction on mature markets :
Total DOLA Supply: 173,604,865 DOLA (-15.14%)
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FiRM
Usage
FiRM user numbers display large changes in week 39.
Borrowers: 133 (-15)
Stakers: 109 (-2)
Active Users: 240 (-13)
Markets
FiRM markets TVL and current borrows are also decreasing sharply this week due to price decreases and large withdrawals on DOLA/USR, PT-USDe-25SEP2025 and PT-sUSDE-25SEP2025 markets.
TVL : 143,170,636 USD (-17.81%)
Current Borrows : 102,664,517 (-17.16%)
This week we spotted 12 transactions over the million mark, and many more above the 100k mark, mainly withdrawals and repayments on the aforementioned markets.
👉🏾 To see the full list , scroll below this section.
DBR
This week the DBR burning mechanism was active :
Burned: 1,863,870 DBR
Total Burned: 77,202,662 DBR (Change: +2.41%)
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sDOLA
At the end of Week 39 sDOLA deposits are cooling off above 31M :
Total deposits : 31,288,585 DOLA (-6.06%)
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DBR Virtual Auction
This week the DBR auction was active :
Total DOLA bougth : 5,126,267 DOLA (+130,639 DOLA / +2.62%)
Total DBR sold : 59,356,410 DBR (+1,690,385 DBR / +2.93%)
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DOLA Liquidity Pools
On the LP front, we observe a large decrease in DOLA and increase in other assets over week 39 :
DOLA in LPs: 70,947,041 DOLA (-23.11%)
Other Assets in LPs: 52,447,968 USD (+45.92%)
DOLA/Other Assets Ratio: 135.27% (Change: -127.31 pp)
The largest change were on :
DOLA-USR on Curve with a decrease by USD 4.8 millions to USD 33.5 millions (-12.58%)
DOLA-sUSDs on Curve with a decrease by USD 4.3 millions to USD 30 millions (-12.54%)
DOLA-sUSDe on Curve with an increase by USD 5.3 millions to USD 51 millions (+11.67%)
More exhaustive figures available in the table below !
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Governance
This week in governance was relatively quiet with no proposals created, 1 queued and 2 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.