Integral Insight: September ‘23

September has wrapped up, and at Integral, we have continued to build throughout the summer. Here’s what we’ve been up to this month.

Volume and Rankings Keep Ascending

Cumulative trading volume on Integral crossed the significant $700 million mark this month. Not only have we maintained strong volume throughout the month, but our standings have also been holding steady. Integral is now regularly in the top 10 protocols based on based on trading volume and an even higher rank when considering capital efficiency (TVL/volume).

Volume has also picked up on the newer pools including the USDT-USDC stable pool. These are exciting developments and we will continue to look for more pairs to add that will continue to increase volume.

For a closer look at these stats, you can always dive into the details on DeFi Llama and our official volume site.

Gas Optimization Continues

Efficiency for traders remains a cornerstone of our development plans. Our team is heavily invested in enhancing the platform’s performance, and this month, we’ve made headway in our pursuit of further gas optimization. Our focus on refining the smart contract’s efficiency means users can anticipate even more streamlined and cost-effective transactions in the near future. This will bode well for both future traders who will get cheaper swaps and for LPs who will see more volume coming from price-sensitive aggregator flow.

Advancements on Arbitrum Integration

Our work with the Arbitrum ecosystem is ongoing. With the recent launch of the Integral Relayer on the Arbiturm network, we’ve been hard at work expanding the integrations and optimizing the system for success. We’re collaborating closely with multiple aggregators to integrate the newly deployed relayer on Arbitrum.

Transitioning LP Rewards

Starting last friday, all liquidity pools ceased to give out farming rewards.

Starting from last Friday, all staked ITGR position ceased to give out interests. Stakers can withdraw their positions and claim all the unclaimed interests accrued before.

These changes are in preparation for the transition to the upcoming governance a fee distribution changes coming to Integral.

Monthly Analytics

High volume and utilization continues with even more trades going through the USDT-USDC stableswap pool and the ETH-BTC crypto pool.

As we move into the final stretch of 2023, we’re driven to deliver even more enhancements, collaborations, and value to our community. Upcoming are some exciting surprises including changes to LP fee distribution mechanisms, governance updates and of course further optimizations to our trading systems. Stay tuned for our continued work into the last quarter of 2023!

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Integral Insights

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.

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.