Integral Insight: October ‘23

None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.

October has been an electrifying month at Integral, setting new records for volume amid a volatile and exciting month for crypto. Here’s a rundown of our updates from the month:

Record-Breaking Volumes During Uptober

The crypto market experienced substantial gains in major assets, and Integral rode this wave, recording exceptional trading volumes across our listed pairs. We hit our highest single-day trading volume ever at $10 million, and the weekly volume peaked at an unprecedented $44 million.

Revamping Fee Distribution and LP Rewards

We are committed to rewarding our Liquidity Providers (LPs) and have initiated a revamp of the distribution of fees and rewards. The changes include a new approach to distributing trading fees and arbitrary ERC20 token (coming soon) to LPs, ensuring a fairer and more beneficial structure for all involved. Dive deeper into these changes in our dedicated blog posts.

Engaging with the Community Through Office Hours

We have moved to hosting office hours on X/Twitter Spaces. If you haven’t had the chance to join us, make sure to catch up and stay tuned for the next session. You can even get some on chain rewards for participating. It’s a great opportunity to learn more about Integral and ask any questions you might have.

Research and Insights from Our Team

Our research team has been prolific, releasing blog posts discussing the hottest narratives from this summer and the latest controversy around Lido. Additionally, we’ve delved into governance research with an insightful post about Uniswap governance.

Spotlight on a Long-Term LP: A Success Story

We’d like to highlight an inspiring story from our community. A Liquidity Provider, with the EOA: 0xA549, demonstrating the power of long-term focus and the potential rewards of participating in Integral’s liquidity pools.

This LP was part of Integral FIVE and also engaged in trading activities on the platform a while back. They maintained their position in the pool for exactly one year, depositing on Oct 27, 2022, and withdrawing on Oct 27, 2023. Their initial deposit was made up of 161.9k USDC and 123.5 WETH, valued around 349k USD at the time, given the ETH price of 1514 USD.

A year later, they withdrew 271.6k USDC and 171.5 WETH, with ETH priced at 1787 USD, totaling an impressive 578k USD in value.

This story is an example of the potential benefits of being a long-term-focused LP in the Integral ecosystem. Although this is one data point, it serves as an encouraging testament to the strength and stability of our LP system.

Monthly Analytics

October has truly been a month of milestones, learning, and community engagement at Integral. We’re always grateful for your support and enthusiasm. As we move forward, expect more updates, improvements, and opportunities to engage with us.

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Integral Insights

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.

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.