Integral Insight: July '23

As we bid farewell to the month of July, here’s a breakdown of what’s been happening at Integral.

Consistent Volume and Utilization Continues

July has seen Integral continue to demonstrate consistency in volume, with only minor dips due to suspension and testing related to the new hashed order deployment. Integral has maintained its position among the top 20 DEXs based on volume. Impressively, we regularly rank in the top 5 concerning capital efficiency (TVL/volume). All of this completely on chain and without private market maker placements. More details can be found on our info site and DeFi Llama.

Gas Usage Reduced by 25%-30%

In our continuous efforts to optimize user experience, we successfully deployed an upgrade that reduced gas usage by an 25%-30%. Gas costs have already been reduced to be on par with a typical Uniswap swap, making Integral one of the most efficient venues to trade on chain. This is only the start with further gas improvements to atomic swaps coming soon. Our team is in active communication with various aggregators to discuss the changes and to make necessary adjustments to the integration.

Preparing for Arbitrum Deployment

Work on the atomic relayer continues as we make promising improvements in preparation for its deployment to Arbitrum. This will bring atomic swaps to Integral on Arbitrum, adding to the the current 30-minute TWAP orders. The atomic relayer continues to see high performance in routing atomic swaps through Integral pools, and now its time to expand its reach to Layer 2 networks!

Transition to a Better Testing Environment

We are in the process of transitioning our testnet from Goerli to Sepolia, a move designed to provide a more robust and efficient testing environment. This change will enable our team to conduct more effective tests, paving the way for continued innovation and improvements to our platform. You can test out the latest Integral functionality on Sepolia at https://testnet.integral.link.

Monthly Analytics

With the changes coming to the atomic relayer and the deployment on Arbitrum, we have been working with integrators and aggregators to update their routes for the new SIZE routers. This interrupted volume on some days this month. Otherwise, utilization and volume has stayed strong. Check out the data from this month here.

Looking Ahead

Thank you for being part of the Integral community. We invite you to stay tuned for more exciting developments in the coming months.

Catch up with us on Twitter, Discord or our blog to learn more about Integral and stay up to date with our progress.

Tags

Integral Insights

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.

Research

October 2nd, 2023

Uniswap Governance: A Deep Dive

Governance is considered a critical component for the decentralization and community-driven development of DeFi protocols. We take a look at one of the largest goverance ecostystems in DeFi, Uniswap. In this blog post, we'll discuss the landscape of Uniswap's governance, pulling data from empirical research to dissect the system's delegates and proposals, revealing some interesting findings.

Research

September 19th, 2023

What is the DAI Savings Rate (DSR)?

Our research team takes a look at the DAI Savings Rate and its influence on various yield dynamics in DeFi.

Updates

September 15th, 2023

Integral Insight: August ‘23

We give an update for our work in August with cheaper gas fees and the launch of the Integral Relayer on Arbitrum!

Product

September 7th, 2023

Integral Relayer Launches on Arbitrum

We are excited to announce the launch of the Atomic Relayer on Arbitrum. This will bring the efficient and tested system for atomic trades to the Arbitrum Layer 2 network!

Research

August 26th, 2023

How CRV Got Sold OTC

In this post we cover how the Curve founder sold large amounts of CRV in over-the-counter trades in order to prevent a potentially catastrophic liquidation event in DeFi.

News

August 18th, 2023

Integral Insight: July '23

Sharing our progress in July: preparations for atomic swaps on Arbitrum, trading SIZE with lower gas fees and more.

Narratives

August 4th, 2023

Can Real Yield Replace Token Incentives for LPs?

DeFi protocols have relied on the distribution of native tokens to incentivize liquidity providers (LPs). In a previous post, we delved into traditional liquidity incentives and the utilization of vote-escrow tokens. Now, we shift our focus to a fresh approach that has captured the attention of DeFi enthusiasts: concentrated liquidity methods.

News

July 29th, 2023

Post-Mortem Report: Precision Error for Actions in Integral SIZE

A potential vulnerability was identified in the Integral protocol via our Immunefi bounty program. We did not observe the exploit active in production and we have since deployed a patch and the system is back to running as normal. No user funds were lost.