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Integral Insights: January ‘25

Feb 4, 2025

We're excited to share Integral's strong start to 2025, with January demonstrating exceptional capital efficiency and solid trading volumes across both Ethereum and Arbitrum networks. Our passive concentrated liquidity model continues to set new standards for capital utilization, particularly evident in our Arbitrum deployment.

Trading Volume & Protocol Metrics

January witnessed impressive trading activity across both networks, with combined volume reaching approximately $157.5 million. Our daily trading volume showed robust activity throughout the month, with several peak trading days exceeding $7M in combined volume across both networks, as illustrated in the chart below:

Breaking down the performance by network:

Ethereum Mainnet ($113.9M Total Volume)

  • WETH-USDT led with $47.2M in volume and remarkable 9,650% utilization

  • WETH-USDC followed with $28.5M and 3,491% utilization

  • WETH-WBTC contributed $17.8M with 3,440% utilization

  • WETH-wstETH achieved $12.4M with 4,273% utilization

  • USDC-USDT added $7.9M with 2,904% utilization

Arbitrum ($43.6M Total Volume)

  • WETH-USDC dominated with $21.8M volume and extraordinary 20,326% utilization

  • WETH-USDC.e recorded $11.7M with impressive 14,052% utilization

  • WETH-USDT, WETH-wstETH, and WETH-ARB pools collectively added $10.2M in volume

Total Value Locked (TVL) has maintained stability throughout January, with a healthy distribution between Ethereum and Arbitrum networks, consistently remaining above $2.5M:

`Capital Efficiency & Yield Performance

Our protocol's innovative design continues to demonstrate exceptional capital efficiency, as shown by high utilization rates across key pools:

  • WETH-USDC (Arbitrum): 20,326% utilization

  • WETH-ARB (Arbitrum): 15,069% utilization

  • WETH-USDC.e (Arbitrum): 14,052% utilization

  • WETH-wstETH (Arbitrum): 11,504% utilization

  • WETH-USDT (Ethereum): 9,650% utilization

These figures showcase how our oracle-based pricing mechanism, combined with our trade delay feature, enables exceptional trading volume relative to TVL, maximizing returns for liquidity providers.

Our pools continue to deliver impressive returns, with all yields generated purely from trading fees without any additional incentives. The 30-day average APYs across our top pools demonstrate the strength of our passive concentrated liquidity model:

Ethereum Mainnet

  • WETH-USDT: 12.42% APY

  • WETH-USDC: 4.60% APY

  • WBTC-WETH: 4.66% APY

  • WSTETH-WETH: 6.48% APY

Arbitrum

  • WETH-USDC: 50.70% APY

  • WETH-USDC.e: 32.88% APY

  • WETH-ARB: 41.75% APY

  • WETH-USDT: 20.44% APY

Integration Ecosystem

We maintain a comprehensive network of integrations with leading DeFi platforms:

DEX Aggregators

  • 1inch

  • Odos

  • 0x

  • OKX DEX

  • KyberSwap

Cowswap Solvers

  • Barter

  • OTEX

  • Copium Capital

Additional Partners

  • Unidex

  • BitKeep

  • OpenOcean

Looking Ahead

As we progress through 2025, our focus remains on:

  1. Expanding our integration network to capture more trading volume

  2. Optimizing capital efficiency across all pools

  3. Enhancing user experience for both traders and liquidity providers

  4. Maintaining our competitive position in both Ethereum and Arbitrum ecosystems

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