Analytics Weekly Highlights | 2025-W44


Hi Invader, and welcome to the Analytics Weekly Highlights for Week 44 of 2025.
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Supply & Market Capitalisation
In week 43 we observe a steep increase of the price and market capitalization balancing the previous weekly decline :
INV FDV USD: 25,692,199 (+12.02%)
INV Circulating Supply USD: 25,056,765 (+12.02%)
INV Circulating: 702,047 (steady)
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DOLA Feds
DOLA Feds
This week there were small changes in the total DOLA supply with a small expansion on the DOLA PSM Fed, a larger one on FiRM Fed and a contraction on Frontier Fed:
Total DOLA Supply: 196,694,865 DOLA (+1.30%)
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FiRM
Usage
FiRM user numbers are relatively stable this week :
Borrowers: 75 (-1)
Stakers: 106 (steady)
Active Users: 192 (-1)
Markets
FiRM markets TVL is decreasing due to large withdrawals on DOLA/USR and DOLA-sUSDS markets while current borrows are increasing this week due to large borrows on DOLAwstUSR , and DOLA-sUSDe markets.
TVL : 129,478,566 USD (-2.31%)
Current Borrows : 121,026,277 (+3.72%)
This week we spotted 9 transactions over the million mark, and many more above the 100k mark.
👉🏾 To see the full list , scroll below this section.
DBR
This week the DBR burning mechanism was very active week with more than 4M DBR burned :
Burned: 4,263,757 DBR
Total Burned: 93,421,794 DBR (Change: +4.56%)
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sDOLA
At the end of Week 44 sDOLA deposits are increasing back slightly above 26M :
Total deposits : 26,405,563 DOLA (+1.81%)
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DBR Virtual Auction
This week the DBR auction was active :
Total DOLA bougth : 5,686,736 DOLA (+103,085 DOLA / +1.85%)
Total DBR sold : 67,743,749 DBR (+1,661,347 DBR / +2.51%)
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DOLA Liquidity Pools
On the LP front, we observe a decrease in both DOLA and other assets :
DOLA in LPs: 71,003,616 DOLA (-2.57%)
Other Assets in LPs: 46,459,167 USD (-4.57%)
DOLA/Other Assets Ratio: 152.83% (Change: +5.58pp)
The largest change were on :
DOLA-USR on Curve with a decrease by USD 8.4 millions to USD 14.4 millions (-36.86%)
DOLA-sUSDe on Curve with an increase by USD 8.9 millions to USD 74 millions (+13.83%)
DOLA-sUSDs on Curve with a decrease by USD 4.4 millions to USD 22.4 millions (-16.67%)
More exhaustive figures available in the table below !
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Governance
This week in governance was active with 2 proposals created, 1 queued and none executed. Those were 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.
