Algorand Transactions by Protocol
How have the number of transactions changed over time for each Protocol? Also how much in fees have been spent on transactions relating to each protocol? Other things that can be explored are what type of transactions are each protocol producing, or has the price of ALGO been an influence on the number of transactions produced by each protocol.
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Methodology
So I made 3 queries for each of the protocols:
- For counting the number of transactions daily
- For calculating daily fees on each protocol
- For finding out how many application calls these protocols provide and what is their percentage use.
After that, we will take a look at $ALGO price to see if there is correlation among our findings and the price changes.
- Daily number of transactions over time
We have some noticeable common spikes in four of the charts, Like May 11th of 2022, which is almost around the time that $ALGO price started to go down. (ALGODEX didn’t have data from May 11th)
- Daily fees paid on each protocol
Again here we can see common spikes, Like on June 13th, which was again another starting point for $ALGO price to go down.
- how many application calls these protocols provide and what is their percentage use
As we can see, only AlgoFi and Folks Finance provide different application calls on their protocol.
And here is $ALGO price in all time, but we can only discuss about near early 2022 up until now, because we only have data in this time slot. The spikes both in transaction counts and paid fees are almost in the same times where $ALGO price was going for a big move. May 11th and June 13th are some examples.