# 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)

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