2022 Review

Building in crypto has been a wild ride in 2022, to say the least. At Integral, we’ve been heads down shipping new products and features the whole year. Here’s a quick recap of our year. We will also look at what lies ahead for the 2023 roadmap.

Integral Launches SIZE

In March, we launched our latest product, Integral SIZE.

Integral SIZE is a new decentralized exchange designed for the execution of large orders with no slippage. SIZE uses a Uniswap oracle to give traders the equivalent of 30-minute TWAP execution with no price impact and MEV protection.

SIZE focuses on major pairs such as ETH-USDC and stETH-ETH, and has reached more than $20mm in large trades since its launch in March 2022.

After launching SIZE with the WETH-USDC pool, we quickly added other pools to let traders get similar advantages for more exotic pairs. The CVX-WETH pool targeted players in the Curve wars, and the wstETH-ETH pair allowed whales to trade around the merge.

A New Look and New Content

After the SIZE launch, we updated the UI of the main SIZE trading interface with a new sleek design. At the same time, we released our new blog and website design. Over the last year, we have explored a huge number of topics across DeFi. This has included basic explainers on trading mechanics like the difference between DCA and TWAP.

We have also published even more in-depth research pieces covering The MergeWhale Trading on L2s, and more.

SIZE Comes to Arbitrum

In October, we deployed Integral SIZE on the Arbitrum L2 blockchain. Arbitrum has a thriving trading culture with staples like GMX and Dopex bringing degens large and small to the L2 network. This made Arbitrum a perfect fit for the first L2 launch of SIZE.

With the 30-minute TWAP execution, users on Arbitrum can now benefit from no slippage trades, 30-minute TWAP trading strategies, and MEV protection, just like traders on Ethereum mainnet.

Already we have seen a good number of traders take advantage of the SIZE pools to execute trades large and small. The low gas costs make it even more attractive to take advantage of the additional TWAP execution provided by SIZE.

Atomic Relayer Launches

After launching on Arbitrum, SIZE’s first Layer 2 rollup deployment, the development team got to work on a new product, the Integral atomic relayer. The relayer allows traders on DEX aggregators to take advantage of SIZE liquidity to do instant trades at the previous 30-minute TWAP price. We have already deployed the relayer on mainnet and started integration with some aggregators. Look for much more to come on this in the year ahead.

What’s Next For Integral in 2023?

In 2023, we will be focusing on two key initiatives and have some exciting features and additions planned for the roadmap.

The first plan is to improve the composability of the Integral trading venues. To do this we are working with multiple aggregators about integrating the atomic relayer to their systems. Not only will this bring more volume to Integral SIZE and generate more fees, but it will give even better execution for large trades on chain. The atomic relayer is currently in testing on mainnet and will launch soon on Arbitrum.

While the atomic relayer will launch first as a direct integration with DEX aggregators, we will also release a UI and other tools for traders to take advantage of the new functionality directly on our website or through contracts directly.

The second initiative for 2023 is to add more tools for pro traders. Already Integral offers the only 30-minute TWAP execution on chain. This replicates the functionality found on many centralized exchanges or OTC desks but is transparent and permissionless on the blockchain.

On-chain traders still need more tools to get the same trading and execution experience as on a centralized exchange. To this end, we have features planned like limit orders that will let users set price levels to execute TWAP trades. We will also be upgrading our contract infrastructure to make it more robust and modular for future upgrades. Last, we will be reworking our order execution to be even more gas efficient with estimated savings of up to 50%.

All of these changes will bring even better execution and tools for on-chain traders.

Looking Ahead

We hope 2023 will bring just as much excitement and energy as 2022. Even though it has been difficult at times, the year brought a lot of continued attention to DeFi and the importance of on chain trading tools. Permissionless and trusted financial services are being built today by us and many others. At Integral we will continue to build for on-chain traders that believe in the promise and spirit of DeFi.

Here’s to a great upcoming year!

Tags

Integral Insights

Updates

July 3rd, 2024

Integral Insights Jun ‘24

We are excited to announce that the distribution of this grant has begun in June. A significant portion of the grant is being allocated as liquidity incentives to our valued users.

Updates

June 13th, 2024

Integral Insights May ‘24

Business

June 6th, 2024

How to Participate in the Arbitrum Rewards Campaign

125,000 $ARB will be dedicated to a 3-month liquidity mining program focusing on store-of-value (SoV) token pairs such as WETH-USDC, WETH-USDT, WETH-wstETH, and WETH-ARB.

Updates

June 6th, 2024

Unlock High Yields with Integral's $225K ARB Grant from Arbitrum Foundation – Join Our Liquidity Mining Program Today

Integral has been awarded a significant grant of 225,000 $ARB from the Arbitrum Foundation under the Long-Term Incentive Pilot Program (LTIPP). This funding will drive the growth and adoption of Integral on Arbitrum, benefiting the entire ecosystem. With 125,000 $ARB dedicated to a 3-month liquidity mining program focused on key token pairs like WETH-USDC and WETH-ARB, liquidity providers can enjoy high yields and reduced trading costs. Additionally, 100,000 $ARB will be allocated to incentivize integrations with aggregators, solvers, and vaults, fostering a more interconnected DeFi environment. Join us and be part of this exciting journey to enhance liquidity and trading on Arbitrum!

Updates

May 9th, 2024

Integral Insights April ‘24

The combined average daily volume across Ethereum and Arbitrum is now at 8.8 million USD, a remarkable 22% increase compared to last month.

Product

April 25th, 2024

Introducing New Pool Analytics: Elevate Your Liquidity Provision Experience

A standout feature in our latest update is the "LP vs Hold" tab, which provides a comparative analysis of various holding strategies against Integral's LP positions.

Business

April 1st, 2024

Integral Insights March ‘24

We achieved several important milestones, including a new all-time-high daily volume for Arbitrum and the addition of four new pools on the Ethereum mainnet.

Updates

March 4th, 2024

Integral Insights February ‘24

Another milestone was reached on February 21st when Integral processed over $2 billion in cumulative volume.

Updates

February 1st, 2024

Integral Insights: January ‘24

Our initial launch with the ETH-RPL pool was a success, quickly elevating us to the second most utilized liquidity pool for this pair’s trading.

Research

January 17th, 2024

Is Liquidity Fragmentation Really That Bad?

When the token evolves into a store of value, it attracts outside traders, focusing on trading costs and slippage. This is when concentrated liquidity truly shines.

Updates

January 2nd, 2024

2023 Review

At Integral, our focus remains on developing a sustainable product for on-chain trading, serving both traders and liquidity providers.

Updates

December 12th, 2023

Integral Now Rewards Liquidity Providers with Trading Fees on Ethereum Mainnet

This enhancement enables liquidity providers (LPs) to directly receive a portion or all trading fees from Integral pools.

Updates

December 6th, 2023

Integral Insights: November ‘23

During November, Integral processed an average of approximately 6 million in volume with around 1.5 million in TVL. The system’s overall capital utilization sits at around 350%. It is the 10th most used DEX on Ethereum.

Updates

November 28th, 2023

Integral Now Rewards Liquidity Providers with Trading Fees

This enhancement enables liquidity providers (LPs) to directly receive a portion or all trading fees from Integral pools.

Research

November 15th, 2023

How Do University Blockchain Societies Gain So Many Votes?

Explore how university blockchain societies like FranklinDAO and Michigan Blockchain have grown into influential players in DAO governance, utilizing delegated votes and strategic partnerships to shape the future of DeFi protocols like Uniswap, Compound, and Aave.

Updates

November 6th, 2023

Integral Insight: October ‘23

We give an update for our work in October and highlight a profitable LP position from a long-term user.

Research

October 26th, 2023

Understanding the Stakes in Lido’s Growing Share of Staked ETH

The community is arguing whether a protocol may have too much control over the Ethereum network. Lido controls a large percentage of staked ETH, which could have consequences for the network’s future security and neutrality.

News

October 14th, 2023

Changes to Staking and Farming

Looking back at our progress so far and to the future with new updates to staking and farming.

Updates

October 11th, 2023

Integral Insight: September ‘23

We give an update for our work in September with utilization going up on higher volume for our new pools.

Research

October 11th, 2023

The Hottest Narratives of the Summer

What were the hottest narratives of the summer? Our DeFi research team delves into the growth of trading bots, RFV traders and more in this overview.