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    [ALGO][Q3] Tinyman Assets

    - Before the Tinyman hack, what were the most popular assets to swap with Algo in the Tinyman Dex[App ID 350338509]? - Does the average amount of algo swapped changed based on the asset that it was swapped for?

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    Observations

    • Broadly, there seem to be 2 kinds of popular asset baskets.
    • The first is the tokens people can have some faith/trust in. Or simply, the low-risk basket. These include
      • Stablecoin pools(USDC,USDT)
      • Governance/Product backed tokens (TINY,PLANETS, YLDLY to name a few)
    • As such, this basket on average has a greater Algo swap average compared to the rest of the assets.
    • The second basket is the High-Risk/Degen basket.
    • These include your MEME / Trend / Community-based tokens that rely on hype and a game of musical chairs amongst the participants. Usually with little to no actual product backing.
    • Given the high risk, it would make sense for an average user to swap a lower amount of Algo from a Risk:Return perspective.
    • Some examples include:
      • TACOS, NEKOS, FairMEME, Fish etc.
      • Interestingly one outlier from this basket(AKITA Inu) has quite a high avg swap! Likely due to it being Algorand's adopted Doggy coin...