April 2025 Report

Overview:

This is a rolling monthly report that covers data from the past 3 months.

Financial Performance (PnL):

• Total fee revenue: $1,378,870 total fees accrued in USDC, with $1,107,720 paid out

• Protocol-retained fee revenue: Approximately $271,150 (difference between accrued and paid fees)

Protocol Metrics:

• Number of daily active wallets: 232

• Breakout of user ranks = (Coming Soon with Leaderboards.)

• Trading behavior insights:

  • SOL/USDC is the dominant trading pair (43-45% of volume)

  • Strong directional bias exists across assets (XAU: 99.5% long)

  • Growth in pool 2 volume thanks to the run in GOLD and EURO markets

  • Liquidation volume is $35,744,310 (0.23% of total volume)

  • New asset listed: Fartcoin

  • Asset delisted: Kamino & Trump

FAF:

• $FAF currently staked = 459,382,818.295 FAF

• Total unstaking and associated fees = N/A

• Number of NFTs remaining to be burned: 1,521 remaining NFTs across levels 1-6 ⇒

  • Lvl 1 = 927

  • Lvl 2 = 116

  • Lvl 3 = 295

  • Lvl 4 = 124

  • Lvl 5 = 16

  • Lvl 6 = 43

Roadmap

• Current development priorities

  • Margin Engine V2 (allows flash to list +200 perps)

  • RWA Listings

  • Make mobile UI faster

  • Revamped onboarding experience (privy)

  • UI revamp with major improvements

• Features or improvements coming up next

  • Magic Block (in works with weekly syncs)

  • Futarchic governance

  • Chainlink oracle as backup (still discussing)

  • Volmex finance’s indices based perps (BVIV, SVIV, etc) (finalising steps)

  • FLP integration into Kamino (awaiting V2 launch)

Download Reports here:

136KB

April 2025 Protocol Report.pdf

pdf