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Integral Insights Jun ‘24

Jul 3, 2024

June was a month marked by steady volume, new milestones, and exciting developments. We are thrilled to share with you the key highlights and achievements from this past month.

Protocol Metrics

Steady volumes and High Utilization Integral’s protocol metrics continued to demonstrate strong performance and growth throughout June. Our average daily volume across both Ethereum and Arbitrum reached an impressive $5.5 million, with Ethereum contributing $3.7 million and Arbitrum $1.8 million to this total. The cumulative volume for the month stood at $112 million on Ethereum and $53.4 million on Arbitrum, showcasing the robust trading activity on our platform. The average daily Total Value Locked (TVL) remained solid, with Ethereum at $2.5 million and Arbitrum at $404,774.

Arbitrum Pools: High Utilization and Attractive APRs 

Our Arbitrum pools continued to exhibit high utilization rates, indicating the efficiency and popularity of these trading pairs. Here are the utilization rates for our top Arbitrum pools:

  1. WETH-USDC: 236.73%

  2. WETH-USDC.e: 149.33%

  3. WETH-ARB: 93.69%

  4. WETH-USDT: 53.14%

  5. WETH-wstETH: 47.02%

The high utilization rates demonstrate that our pools are generating significant trading activity relative to the liquidity locked in them. This not only benefits traders but also provides attractive opportunities for liquidity providers. Speaking of opportunities, the WETH-ARB pool on Arbitrum deserves a special mention. With an impressive 339% 30-day average APR, this pool has been a standout performer, offering lucrative returns for liquidity providers.

Arbitrum LTIP Grant

Liquidity Incentives and Developer Rewards In April, we secured a substantial grant from the Arbitrum Long-Term Incentive Program (LTIP), receiving 225,000 $ARB in funding. We are excited to announce that the distribution of this grant has begun in June. A significant portion of the grant is being allocated as liquidity incentives to our valued users. These incentives aim to encourage participation and growth within our ecosystem. Additionally, developers who integrate Integral’s liquidity on Arbitrum will receive rewards, fostering innovation and collaboration.

https://x.com/IntegralHQ/status/1801472636821848570

We are grateful for the Arbitrum community’s support and look forward to leveraging this grant to enhance the trading experience on our platform. Upcoming Developments and Partnerships As we move into the second half of the year, we have several exciting developments and partnerships in the pipeline. Our team is working diligently on new features and integrations that will further improve the user experience and expand our ecosystem. We continue actively exploring strategic partnerships with key players in the DeFi space. These collaborations will not only bring more value to our users but also strengthen Integral’s position as a leading DEX in the market.

Closing Thoughts

June has been a month of sustained growth, high utilization, and exciting opportunities for Integral. We are incredibly proud of our achievements and grateful for the support of our community. Thank you for being a part of the Integral journey. Together, we are shaping the future of decentralized finance. Stay connected with us on Twitter and Discord for the latest news and announcements.