Try Quests to earn SOLSwapping goBTC and goETH on DEXs
We are going to analyze how goBTC and goETH were swapped on different DEXs since April 2022.
As seen from Dexs data, the difference in buy and sell volumes of both assets since April is small. However the crash has caused spikes of sales on both assets.
The users of the three DEXs, Algofi, Pactfi and Tinyman are showing different behaviors. Algofi users which constitute a larger wallet space, has more wallets that have bought goBTC but in general the volume and the number of addresses that has sold goETH and goBTC are greater.
Tinyman DEX has the lowest number of wallets and trade volumes. And the incentive for sale or buy is balanced.
Pactfi, has the lowest number of wallets but has noticeably traded the largest volume compared to other two DEXs.
Swap_to asset name table, shows the assets that goBTC and goETH were swapped for and also give an approximate average USD price that was calculated by averaging over the past 10 days. The total USD price is calculated by multiplying the total volume of the swapped-for asset by the average USD price of it.
Two noticeable values are for the STBL and ALGO coins. This could be an indication of the users tendency to lay low for the time being.
Further analysis could be done by considering the activity of the top 10 wallets that hold more value.