# July 2025 Report

**Overview:**

This is a rolling monthly report that covers data from the month of July

Financial Performance (PnL):

* Total Volume: $386,421,984
* TVL change: + $1,079,542\*
* **Total fees Earned**: $282,726 total fees accrued in USDC,
* Fees paid to LP: $209,556
* **Protocol-retained revenue**: Approximately $73,170
* FLP Performance
  * FLP1 = + 11.3% (Pool PNL $120,950)
  * FLP4 = + 44.57%
  * FLP5 = + 11%

Protocol Metrics:

* **New wallets on the platform**: 1472 (+54.8% from last month)
* Total Liquidation Volume: $9,515,065
* Largest Spike in Liquidation: 23rd July $1,008,234
* **Trading behavior insights:**
  * SOL LONG still have the majority of FLP.1 volume even though its been underperforming compared to ETH
  * Uptick in BONK volume on Pool4
* Bugs and Other Improvements:
  * Improved chart loading on mobile
  * Better simulation handling for minting and burning FLP tokens
  * Moved to a new price update function which is faster
  * fixed market order price being used on tp/sl when opening a limit order
* New Features & Integrations
  * New Earn Page update
  * Reworked VP system where everyone is able to earn VP
  * Increased Leverage on FLP.4 markets
  * Pool 3 trading fees reduced by 25%
  * Forex pair trading fees reduced by 37.5%
  * Express listing of PUMP at launch
  * FLP.3 added on Loopscale
  * Increased looping leverage on FLP.1 on Loopscale
  * Points boost on Sandglass
  * Market Timings added on the trade page for pool2 assets
  * Appearance on PYTH and HODLUP podcast

FAF:

* $FAF currently staked = **686,240,201 FAF**
* * 10 million FAF distributed as Staking Epoch 3 rewards
* Proposal 02 : Under works

Roadmap

* Current development priorities
  * Degen Mode
  * Rework the fee structure on swap fees and mint/burn
  * Listing of DXY and SPX
  * Kamino Integration once the FLP Pyth price feed is live
  * Margin Engine V2
  * More Listings
  * Revamped onboarding experience


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