Integral Insights: January ‘24

In line with our annual review objectives, Integral has focused on establishing itself as the premier platform for concentrated liquidity farming in 2024. 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. Additionally, we've expanded our offerings by including the wstETH-ETH pair on both our mainnet and Arbitrum platforms.

Protocol Metrics

Throughout January, Integral has consistently processed an average daily volume of about $7 million, with our Total Value Locked (TVL) hovering around $2.3 million. Notably, the system's overall capital utilization has reached approximately 350%.

https://twitter.com/IntegralHQ/status/1753022828365185139?s=20

ETH-RPL Listing

We initiated the ETH-RPL listing on our mainnet on January 23rd. The pool, boasting a TVL of approximately $100k, has achieved significant trading volumes, positioning itself as the second most popular liquidity venue for this pair. Currently, it offers an attractive swap fee Annual Percentage Rate (APR) of roughly 15.78%. 

https://twitter.com/IntegralHQ/status/1753022828365185139?s=20

https://twitter.com/IntegralHQ/status/1753022828365185139?s=20

Also Special thanks to @waqwaqattack for highlighting this pool in his podcast.

https://twitter.com/IntegralHQ/status/1753022828365185139?s=20

Supporting LSTs Growth

The listing of ETH-RPL signifies the start of our campaign to introduce more Liquidity Staking Tokens (LSTs). On January 31st, we listed the wstETH-ETH pair on both the mainnet and Arbitrum. The mainnet pool is already processing a volume of around $260k with a TVL of about $190k. In the coming weeks, we plan to list additional governance tokens of LSTs, including SWISE and LDO.

A LP Success Story

A noteworthy event occurred on January 23rd when a liquidity provider (LP) exited their position on Integral, realizing a 10.3% gain over 55 days. 

https://twitter.com/IntegralHQ/status/1753022828365185139?s=20

Recommended Reading

Our friends at Barter have published an insightful report on the 'Coincidence of Wants' concept in DeFi swaps. This study, which analyzed 25 random blocks, sought to gauge its effectiveness in current trading volumes.

https://twitter.com/IntegralHQ/status/1753022828365185139?s=20

We extend our gratitude to Barter for their significant use of our liquidity pools and for driving considerable volume our way last year. 

High APR on Arbitrum Pool

Integral's Arbitrum pool has been particularly rewarding in January, thanks to its high capital efficiency and trading volumes. Notable APRs include 71.23% for ETH-USDT, 34.69% for ETH-USDC, and 27.04% for ETH-USDC.e. 

https://twitter.com/IntegralHQ/status/1753022828365185139?s=20

For those interested in these lucrative APRs, visit app.integral.link and switch to the Arbitrum network.

None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.