Integral provides low slippage on large trades by executing orders using a time-weighted average price (TWAP).

Integral is a non-custodial TWAP-based exchange on Ethereum and Arbitrum that specializes in handling large trades with low slippage. Integral was founded by a group of pseudonymous developers, mathematicians and financial engineers, and their flagship product Integral SIZE was launched in 2022.

ITGR tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue).

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Integral

# Integral Trading volume Methodology

## 1. Overview

Integral trading volume measures the total USD value of tokens traded on the Integral decentralized exchange across Ethereum and Arbitrum networks. This metric aggregates daily trading activity from Integral V1's automated market maker (AMM) pools, applying price manipulation protection by using the lesser USD value between paired tokens in each trade.

## 2. Data sources

- **Blockchain events**: Parsed Integral V1 smart contract events from Ethereum and Arbitrum networks
  - `TwapPair_Swap_event` logs capturing trade executions with token amounts in/out
  - `TwapFactory_PairCreated_event` logs identifying trading pair contracts and token addresses  
  - `TwapPair_SetSwapFee_event` logs tracking fee tier changes over time
- **Token metadata**: Token symbols and decimal precision for amount normalization
- **External data**: End-of-day token price feeds for USD conversion

## 3. Step-by-step calculation

### Component A: Trade event extraction
- **Purpose**: Extract raw trading activity from Integral V1 swap events
- **Logic**: Parse `TwapPair_Swap_event` logs from Ethereum and Arbitrum Integral V1 contracts. For each swap, calculate net token movements by subtracting `amount0Out` from `amount0In` for token0, and `amount1Out` from `amount1In` for token1. This captures the actual token amounts exchanged in each direction of the trade.
- **Key fields**: `block_timestamp`, `transaction_hash`, `log_index`, contract `address`, `amount0In/Out`, `amount1In/Out`

### Component B: Trading pair metadata
- **Purpose**: Identify valid trading pairs and their token compositions
- **Logic**: Extract trading pair creation events from `TwapFactory_PairCreated_event` logs to map pair contract addresses to their underlying token0 and token1 addresses. Join with token metadata to obtain decimal precision and symbols for each token, creating human-readable pair names in format "TOKEN0-TOKEN1".
- **Key fields**: `pair` contract address, `token0` and `token1` addresses, token decimals and symbols

### Component C: Fee tier tracking  
- **Purpose**: Track fee rates for each trading pair over time
- **Logic**: Extract fee changes from `TwapPair_SetSwapFee_event` logs, converting from 18-decimal format and averaging daily. Apply forward-fill logic to maintain the most recent fee rate for each pair across time gaps, ensuring every trading day has an associated fee tier.
- **Key fields**: `fee` amount (18 decimals), pair contract address, timestamp

### Component D: Volume calculation and aggregation
- **Purpose**: Calculate daily USD trading volumes with price manipulation protection
- **Logic**: Join trade events with trading pair metadata to identify tokens and apply decimal correction. Aggregate trades by day, calculating absolute token amounts and applying decimal normalization. Join with end-of-day price feeds for both tokens in each pair. For each trade, calculate USD values for both token amounts and take the lesser value to protect against price manipulation. Sum these protected USD amounts by day.
- **Key fields**: `token0_amount` and `token1_amount` (decimal corrected), `price_usd` from price feeds

### Final aggregation
- **Combining components**: Join trade events with pair metadata and fee tiers by contract address and timestamp. Calculate daily volumes by summing the lesser USD value between paired tokens for each trade.
- **Currency conversion**: Convert token amounts to USD using end-of-day price feeds, matching by token address, chain, and date
- **Time aggregation**: Truncate all timestamps to daily boundaries and group by day
- **Final calculation**: Sum the protected USD trading volumes (using lesser value between token pairs) across all Integral V1 pairs on Ethereum and Arbitrum, applying standardized metric formatting through the finalize macro

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total value of spot trades executed on the exchange.

IntegralITGR

Trading volume

Trading volume

Competitive landscape

Chain breakdown