Integral Insights Jun ‘24

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.

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.

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Integral Insights

Updates

July 3rd, 2024

Integral Insights Jun ‘24

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.

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.