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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