Popular Algorand Assets To Swap On DEXes

    Q35. Let’s use the new Algorand.Swaps table to look at what ASAs(Algorand Standard Assets) are popular to swap for in 2022. A swap is performed on a decentralized exchange(DEX) such as Tinyman.

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    Introduction

    In this dashboard, we will examine at what ASAs (Algorand Standard Assets) are popular to swap for in 2022 for the following DEXes: Tinyman, Algofi, Pactfi and Wagmiswap

    As seen in the graph above, Yieldly is the most popular asset users have swapped to in 2022 across all DEXes, with 325k total swaps. USDC came in second place with 208k swaps. The remaining top 10 each have less than 100k swaps across all DEX platforms.

    With 322k swaps, Yieldly is the most popular asset to swap for in 2022 on Tinyman, while USDC is the second most popular asset with nearly 200k swaps. Referring back to the previous graph, it's fair to say that Tinyman is responsible for the majority of Yieldly and USDC swaps.

    USDC has the most swap assets on Pactfi in 2022, with 4083 swaps. Second and third place go to Opulous and Yieldly, respectively. Opulous has 1.4k swaps, whereas Yieldly has 1.3k swaps.

    GoETH is the most popular asset on Algofi, with 15.7k swaps in 2022. USDC, like Tinyman, came in second on Algofi in 2022 with 8k swaps.

    Only two assets have been swapped on Wagmiswap in 2022. Asia Reserve Currency Coin and Yieldly are two of these assets. With 433 swaps for Asia Reserve Currency Coin and 360 swaps for Yieldly, the Asia Reserve Currency Coin is the most popular.

    Conclusion

    1. The number of swaps on Tinyman is significantly higher than the other three DEXes.
    2. Yieldly and USDC are the most swapped assets across all DEXes in 2022, with Tinyman responsible for the majority of the swaps.
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