Integral Insights: April '25

April extended the protocol’s core theme: capital efficiency isn’t a seasonal narrative at Integral—it’s baked into the code. Our passive concentrated liquidity pools once again demonstrated that doing more with less is not just a talking point, but a repeatable outcome on both Ethereum and Arbitrum.

Metrics Overview

In April, Integral pools processed another strong month of on-chain activity. Arbitrum’s WETH-USDC.E pool operated with an average TVL of just $47.5K, yet facilitated $10.6M in monthly trading volume. That’s a utilization rate exceeding 220x—confirming that high capital productivity is structural, not sporadic. The story is consistent across platforms: Ethereum’s headline pools see similarly robust numbers, with the WETH-USDT pool at $401K TVL against $78.4M in volume.

Put simply: capital parked in Integral pools is not lounging on the sun deck—it’s working.

Network Distribution

While Ethereum remains the primary engine by sheer volume, Arbitrum continues to demonstrate the strategic value of capital efficiency. With just 9–13% of total TVL—roughly in line with last month’s distribution—Arbitrum pools reliably deliver a disproportionately high share of protocol yield. This dynamic reaffirms our model: when capital is lean, yield can be substantial.

Top 5 Pools by APR – April 2025

Once again, Arbitrum’s WETH-USDC.E pool leads both in utilization and fee performance. Meanwhile, established blue-chip pairs on Ethereum (WETH-USDT, WSTETH-WETH, WBTC-WETH) continue to deliver reliable throughput and attractive, organic yield for LPs.

APR & APY: Fee-Driven, Not Subsidy-Driven

Integral’s real yield proposition continues to set it apart. Arbitrum’s WETH-USDC.E returned 27.7% APR (annualized from April trading fees), with a 30-day APY of 54.75%. Ethereum’s WETH-USDT pool delivered a solid 24.1% APY to LPs, proving that the formula is transportable across chains and market structures.

Yield here isn’t sleight of hand, nor a byproduct of token emissions. Every APY figure ties directly to trading activity—this month’s, next month’s, every month’s. If you want sustainable LP returns, not a “rotation season,” Integral remains built for you.

Capital Efficiency: A Consistent Pattern, Not an Anomaly

April’s data underscores that high capital efficiency isn’t localized to a single pool or chain. Arbitrum’s WETH-USDC pool averaged nearly $12M in volume on less than $100K TVL, driving a 34.87% APR. Ethereum's larger pools—like USDC-WETH with its $523K TVL and $38.7M in volume—continue to show strong throughput, albeit with slightly lower yield due to greater pool depth.

That’s the dynamic at work: Integral’s model thrives when capital is lean and trading activity is strong. For LPs, the takeaway is simple: efficiency and returns aren’t theoretical, they show up every time the market does.

Beyond the Numbers

Integral pools don’t attract mercenary capital. Instead, every dollar is optimized for fee generation through a time-tested, oracle-based pricing and TWAP execution system. The model’s resilience is clear: despite relatively modest TVL, returns remain competitive and sustained, even as broader DeFi yield trends flatten.

As we move into May, the commitment is the same: further optimization, capital efficiency as default, and a protocol architecture that ensures every dollar you bring to Integral is put to work.

Try our pools for yourself at app.integral.link/pools

Stay tuned for more updates and follow us on Twitter (@IntegralHQ) for the latest news and announcements.

(All metrics above are sourced directly from on-chain activity between 2025-03-31 and 2025-04-30. APR figures are realized, not forward-looking projections.)