AlgoMint goMint Token Release

    An analysis of ALGO to goMint swap and the DEXes use to perform such transactions.

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    Q1: Volume of ALGOs swapped for goMint

    The following graph shows the volume of swaps from ALGO to goMint in three DEXes. It is obvious that for the first week since the launch of goMint, tinyman was the dominant DEX for swapping ALGO for goMint. But, pactfi performed better after that. Also initial launch can be the apparent reason for the huge swap volumes in the first two days.

    Q2: Number of swaps and number of wallets by day by DEX

    In the first week, same as volume of swaps, tinyman takes the lead for the number of swaps, which experienced a huge jump in the first two days, but decline from the third day onward.

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    Q3: Swap price per DEX for the initial 24 hours

    As the plot shows, the average swap price between the three DEXes are the same (0.001 ALGO). So, no, there is no obvious difference between the swap prices of these DEXes.

    The number of wallets also experienced a peak at the beginning, but decline rapidly afterwards, which shows either a decline in the interest for swapping the pair, or the swappers saw a good opportunity for holding.