> 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/2024/0801.md).
# 08/01 Market overview: Tether’s $5.2b profit in H1 2024
Tether released their financial report for the second quarter of 2024, with a historical high in profits at $5.2b in the first half of 2024. Treasury holdings also reached a new high, with the group’s combined equity reaching $12 billion.
Based on CoinGecko market data, USDT market cap is now at [$114.4 billion](https://www.coingecko.com/en/coins/tether). Exchange between stablecoins like USDT, UDSC or DAI on Tokenlon for trading fees as low as 0.04%. The fees for ETH and WBTC meanwhile is as low as 0.1%.
Tokenlon now supports multichain trading on Ethereum mainnet, Polygon PoS, Optimism, zkSync, Base, BNB, and Arbitrum chains. Simply navigate to the Market page in the latest imToken wallet version, 2.15.3, to start.
Tokenlon now supports 145 tokens, with discounted fees for LON holders.
Trade up to 100 WBTC & 1000 ETH in a single transaction on Tokenlon, with smart routing on the Tokenlon website.
#### 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.
---
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