> For the complete documentation index, see [llms.txt](https://tokenlon.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://tokenlon.gitbook.io/docs/docs.en/blog/whatsnew/market-update/2024/0523.md).

# 05/23 Market overview：LON makes recent high at $0.98

Based on OKX market data, the LON token has made a recent high, currently at $0.98, a 3.1% rise in 7d. LON is Tokenlon’s native utility token, in which LON holders enjoy trading discounts on the Tokenlon protocol.

<figure><img src="https://lh7-us.googleusercontent.com/gMXo5twda5dE5fznQY3bLSsFutIK62ZQrSFXXACtjgCOI35gPU9JEQc5FXHhzBLzkFER66sQDT0N-VINao3PFUfZTx8rH00ubZ5tgU80TuTZZCnY4V3kG4uxpLra2Hd3bC5TK76kq5YFrJnRtB40X10" alt=""><figcaption></figcaption></figure>

The current circulating supply of LON is 114,712,424.15, 76.26 million of which are staked in a contract. This accounts for 66.4% of the total supply, with an APY of 28.55%.

Tokenlon now supports multichain trading on Ethereum mainnet, Polygon PoS, Optimism, and Arbitrum chains. Simply navigate to the Market page in the latest imToken wallet version, 2.15.0, to start.

Tokenlon now supports 140 tokens, with discounted fees for LON holders. Trading fees between stablecoins such as USDT, USDC, DAI etc is as low as 0.04%.

#### Tutorial

[How to use Tokenlon instant swap](https://support.tokenlon.im/hc/en-us/articles/360037732371)

[How to use limit order on Tokenlon](https://support.tokenlon.im/hc/en-us/articles/7463636612116)

#### Note

Digital assets are highly volatile and unpredictable, do your research before trading.

<br>


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