Integral Insights April ‘24

April proved to be a dynamic and fruitful month for our team, marked by exciting wins and the completion of several significant development milestones. Here’s a comprehensive recap:

Arbitrum LTIP Grants

We proudly secured an impressive 124 million $ARB votes to win the Arbitrum LTIP (Long-Term Incentive Program) grant. Our proposal for 225,000 $ARB in funding is a testament to our strong community engagement and commitment to the ecosystem. A significant portion of this grant will be distributed as liquidity incentives to our valued users. Meanwhile, developers who integrate our liquidity on Arbitrum will also receive rewards.

We deeply appreciate the overwhelming support from the Arbitrum community and are enthusiastic about working together to enhance trading on the platform. According to the Arbitrum Foundation, the LTIP campaign will kick off in early June, when we’ll provide new guidelines on farming programs and other key initiatives. Stay tuned for more details on this exciting journey!

Protocol Metrics

Our protocol metrics show a steady increase in engagement and trading volume. Here are some highlights:

  • Volume: Overall trading volume remains robust on both Ethereum mainnet and Arbitrum, reaching a new all-time high on May 1st, 2024, at 3.63 million USD on Arbitrum alone.
  • Average Daily Volume: The combined average daily volume across Ethereum and Arbitrum is now at 8.8 million USD, a remarkable 22% increase compared to last month.
  • DEX Rankings for Bluechip Pairs: Our DEX is the second-highest in trading volume for several bluechip pairs (after Uniswap), such as RPL <> ETH, LDO <> ETH, and MNT <> ETH, UNI <> ETH. Although trading volume for MKR <> ETH and LINK <> ETH is relatively lower, ranking fifth, we aim to improve our position in the coming months.

Revamping the Pool Page

April saw the successful completion of the revamped pool page, offering enhanced insights into pool performance and user experience. These improvements were guided by community feedback and data-driven insights, ensuring a more seamless, informative interface for all. Read more here.

Multi-Hop Upgrade

A significant technical advancement has been the imminent rollout of our TwapRelayer upgrade. This upgrade supports multi-hop trading, where tokens can now be swapped along whitelisted paths involving one or more pairs. For instance, the new USDC-WBTC path enables trades between these tokens via the existing WETH-USDC and WETH-WBTC pairs. This upgrade is currently being tested on testnet and will soon be deployed to Layer 2. This improvement empowers users with greater flexibility, enhancing trading possibilities.

Looking Forward

With the grant funding secured and technical upgrades nearly complete, we are entering an exhilarating phase of growth and innovation. Our team is focused on making our platform the premier destination for trading and liquidity provision on Arbitrum. Stay tuned for the exciting updates coming in June!

Tags

Integral Insights

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.

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!