Analyze ALGORAND DEX ecosystem
Description of work
In this work, we want to analyze the ALGORAND DEX ecosystem in the last 6 months from different perspectives, including:
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Swaps on the ALGORAND DEX ecosystem in the last 6 months
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Assets with the highest number of swap_to
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Wallets with the highest activities on the ALGORAND DEX ecosystem in the last 6 months.
According to this chart:
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When the price of ALGO undergoes a sudden increase or decrease, the number of swaps on DEX also increases drastically.
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The highest number of swaps is related to the dates of May 11 and 12, 2022 (131.49K and 130.05K), and on these two days, the price of ALGO suffered a sharp drop.
According to these charts
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The total number of swaps on ALGORAND DEX ecosystem in the last 6 months was equal to 6.34 million.
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During the last 6 months, the largest number of swaps have always been done on tinyman.
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Of the total number of swaps performed on ALGORAND DEX ecosystem, 80% (5.16 million swaps) were performed on tinyman.
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About 13% of the total number of swaps performed on ALGORAND DEX ecosystem, 13% (827.35 thousand swaps) were performed on tinyman.
According to this chart:
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The highest number of swap_to by a large margin belongs to ALGO.
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ALGO has 3.7 million swap_to, meaning about 58% of the total number of swaps in the last 6 months!
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After ALGO, the USDC stablecoin ranks second with 892,000 swaps.
According to this chart:
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AACCDJTFPQR5UQJZ337NFR56CC44T776EWBGVJG5NY2QFTQWBWTALTEN4A
has had the most activity in the ALGORAND DEX ecosystem with 972238 swaps. -
J4BJWP67LHXT7LQTWZYWJGNSB25VZMO6SFZPKBSY7HJUCXJIFVE2PEOTVA
has the second rank in most activity in the ALGORAND DEX ecosystem with 854948 swaps. -
MAPEFN7K2M5Z4TPOVOXHVBTW2M46SQPROBLGYXAZ56K4SHTEUCOOZCMRZE
has the third rank in most activity in the ALGORAND DEX ecosystem with 638928swaps.
According to this chart:
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W2IZ3EHDRW2IQNPC33CI2CXSLMFCFICVKQVWIYLJWXCTD765RW47ONNCEY
has the most ALGO among the wallets with the most swaps in the last 6 months (146.90K ALGO), which is worth about $44K at ALGO's current price.\
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Other wallets that have had the highest number of swaps in the last 6 months hold very little ALGO. This point can indicate that most of these wallets use ALGO to pay fees and They are not interested in holding ALGO.