November 2025 Report

Overview:

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

Financial Performance (PnL):

  • Total Volume: $453,950,000

  • Total fees Earned: $316,692 (+12.49%)

  • Combined LP Pool PNL With Fees: $601,465

  • Protocol Retained Revenue: Approximately $47,431

  • FAF Stakers Revenue: 47,431 (+15.56%)

Protocol Metrics:

  • New wallets on the platform: 492

  • Trading behavior insights:

    • Significant volume to TVL ration form FLP.8

    • Biggest liquidation on 4th November amounting to $4.45 million

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    • SOL Long dominating the volume followed by SOL SHORT and BTC LONG coming at 2nd and 3rd place

  • New Features & Integrations

    • Reworked on the new onboarding flow

    • Added PYTH Lazer as default pricefeed on UI

    • Shipped new landing page

    • New Referral System

    • Integrated FLP on Carrot DeFi

    • Reworked the new staking reward mechanism

    • Majority of the month went behind two things

      • Shipping Phase 1 of Margin engine V1. You can read about it here

      https://x.com/FlashTrade/status/1994038532441297022?s=20

      • Locking in with Magicblocks team IRL and completing the work on the core architecture. For this both team had to collaborate in UAE where they were there for few weeks to better coordinate and get stuff done.

      https://x.com/FlashTrade/status/1990468190619775087?s=20

  • Bugs and Other Improvements:

    • Fixed the UI onboarding flow

    • Fixed error on decimal input on TP SL

    • Fixed old login drawer on earn page

    • Fixed few limit orders not showing up on UI

FAF:

  • $FAF currently staked = 683,106,758 FAF

  • 68.31% of $FAF supply staked

  • Total number of active $FAF stakers = 1,038

  • Total FAF Holders = 2,580

    • 10 million FAF distributed as Staking Epoch 6 rewards

Roadmap

  • Current development priorities

    • More Forex pairs listing

    • Add spot gold and other equities in FLP.2

    image.png
    • Degen Mode on Pool 2 markets

    • New Trade war system with funded wallets

    • Breakpoint announcement 👀

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