Integral Insights: March '25
Apr 8, 2025
Executive Summary
March 2025 showcased Integral's exceptional capital efficiency, with our passive concentrated liquidity pools continuing to deliver impressive results across both Ethereum and Arbitrum deployments. Despite maintaining a modest total value locked (TVL) of $1.93M, the protocol facilitated an impressive $155.39M in total trading volume, demonstrating our ability to do more with less capital.
Notably, our Arbitrum pools achieved extraordinary capital efficiency rates, with the WETH-USDC.E pool reaching an industry-leading 121.20% APR. This means that for every dollar of capital deployed, liquidity providers earned substantial real yield from trading fees – a testament to our innovative oracle-based pricing system and TWAP execution mechanism.
The protocol's ability to generate solid real yield for LPs while maintaining relatively small TVL highlights Integral's unique position in the DeFi landscape as a capital-efficient DEX solution.
Trading Volume & Protocol Performance
Key Metrics at a Glance
Total Volume: $155.39M
Fees Generated: $19.42M
TVL Start: $1.93M
TVL End: $1.93M
Network Distribution
Network | Volume | % of Total |
|---|---|---|
Ethereum | $142.81M | 91.9% |
Arbitrum | $12.58M | 8.1% |
While Ethereum continues to dominate our volume metrics, Arbitrum's performance is particularly impressive given its significantly lower TVL, reflecting the growing adoption of our platform on this scaling solution. Despite representing only 9.3% of total TVL, Arbitrum pools generate substantially higher yields for liquidity providers.
Capital Efficiency Leaders
The following pools demonstrated exceptional capital efficiency this month:
Top 5 Pools by APR
Pool | Network | Utilization | Volume | TVL |
|---|---|---|---|---|
WETH-USDC.E | Arbitrum | 121.20% | $3.22K | $45.86K |
WBTC-WETH | Ethereum | 28.44% | $29.81M | $315.49K |
WETH-USDC | Arbitrum | 26.72% | $11.18M | $92.84K |
WETH-USDT | Arbitrum | 20.04% | $2.18M | $40.18K |
WSTETH-WETH | Ethereum | 10.59% | $20.63K | $138.29K |
Efficiency Spotlight: Doing More With Less
March data continues to validate Integral's core thesis: our passive concentrated liquidity model can achieve remarkable capital efficiency without active management. The WETH-USDC pool on Arbitrum exemplifies this with a volume-to-TVL ratio of 120.4x, facilitating $11.18M in trading volume with just $92.84K in liquidity.
This efficiency translates directly to higher returns for liquidity providers. While many DeFi protocols rely on token emissions or other incentives to attract liquidity, Integral's pools generate genuine, sustainable yield from trading fees alone.
Arbitrum Efficiency Analysis
Arbitrum pools demonstrate particularly impressive efficiency metrics:
Average APR across Arbitrum pools: 42.65%
Volume-to-TVL ratio for WETH-USDC: 120.4x
Volume-to-TVL ratio for WETH-USDT: 54.3x
These metrics highlight how Integral's model thrives in environments where capital efficiency is paramount. By optimizing for maximum utilization of deployed capital, our protocol delivers superior returns despite modest TVL.
Real Yield for Liquidity Providers
In an ecosystem often dominated by unsustainable yield farming and temporary incentives, Integral stands out by offering genuine real yield to liquidity providers. Our March data reinforces this commitment:
All yields are derived from actual trading fees, not token emissions
Zero impermanent loss protection for all LPs
MEV protection for all trades
Sustainable yield model not dependent on external subsidies
The WETH-USDC.E pool on Arbitrum exemplifies this approach, delivering an impressive 121.20% APR with just $45.86K TVL. This represents pure, sustainable yield that LPs can rely on without concern for token price depreciation or incentive program expirations.
Looking Ahead
As we move into Q2 2025, Integral remains focused on optimizing our capital efficiency model and expanding our presence across both Ethereum and Arbitrum. Our March performance demonstrates that our approach continues to deliver value for traders and liquidity providers alike, even in a competitive DeFi landscape.
We invite users to experience our capital-efficient pools firsthand at app.integral.link/pools and join our community to stay updated on the latest developments.
Note: All data in this report is based on on-chain metrics from March 1-31, 2025. APR figures represent annualized returns based on historical performance and are not guarantees of future results.