Swap Increase on May 11 + 12

Q98. On May 11th and 12th we saw a spike in number of swaps and volume across the DEXs. Breakdown what happened? What were users swapping from and too? Were users swapping from ALGO to stables? Was the average swap size bigger than normal? Is this tied to the price of ALGO? Help us understand what took place and why the volume and number swaps increased!

The chart below shows the number of swaps FROM based on assets

In the chart below, the number of swaps FROM based on assets is examined as a percentage

The chart below shows the number of swaps TO based on assets

In the chart below, the number of swaps TO based on assets is examined as a percentage

The chart below shows the number of swaps in the top 10 assets on an hourly basis(FROM)

In the growth chart below, the number of swaps in the top 10 assets is examined on an hourly basis(FROM)

In the percentage chart below, the number of swaps from to Top is examined

In the percentage chart below, the amount of swaps from to Top is examined

The chart below shows the price of ALGO on May 11 and 12, which shows a decrease in price

In the chart below, the average swap volume on May 11 and 12 in the 5 days before and after these two days is examined and we see an increase in the average.

The chart below compares the average swap volume with the ALGO price on a daily basis

Conclusion:

In this dashboard, Swap Increase on May 11 + 12 has been examined and based on this, the maximum number of swaps for ALGO is about 39% and USDC is about 17% for "from" and for "to" ALGO is about 38% for ALGO and about 18 Percentage was for USDC, and in the review of the top 10 assets "from" was examined on an hourly basis, which ALGO had the most swaps and in the Opulous growth chart had the highest growth compared to the others. The top assets are the presence of Stablecoins, so that the number of USDC is about 42% and STBL is about 20%, and in terms of number, USDC is about 68% and STBL is about 15%, and in the average volume chart on May 11 and 12 We are increasing the average volume of swaps and in the price comparison chart we see a decrease in the price of ALGO and an increase in the number of swaps.

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