Wallets Swapping ALGOs

    we are going to dive into ALGO swaps on the Algorand DEXs.

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    In this dashboard we will look at the following:

    • The number of swaps from ALGO to other assets by day in March 2022 by DEX.
    • We will then look at what assets wallets are trading their ALGOs for in March 2022.

    for getting results we use the Flipside Velocity app and Algorand.swaps table.

    As can be seen from the chart above, the highest number of swaps occurred in Tyneiman in the first place. On March 6 and 13, two peaks are seen in the chart and their amount is 30.2k and 26.3k, respectively.

    And in the chart below, we see the coins that are mostly used by users in Swaps from ALGO to other ASAs.

    According to the results, Yiedly is in the first place with more than 70,000, followed by the Stablecoins in the second and third places with 48.7k and 24.7k, respectively. Yieldly is the native token of yieldly.finance and has many applications on this platform. The popularity of stablecoins is not hidden from anyone and they are widely used in swaps.