On May 11th and 12th we saw a spike in number of swaps and volume across the DEXs
Here we see 10 of the most swapping to that Algo has the most swapping to
Here we see 10 of the most swapping from that Algo has the most swapping from
Here we see the most swapping
You see the Number of swapping from Algo to stable coins of USDC, USDT, TBLS
You see the Number of swapping from stable coins of USDC, USDT, TBLS to Algo.
The number of swapping indicates that we do not have much change in swapping to or from stable coins. We are now looking for suspicious volumes.
As you can see, the maximum volume is swap from Algo to USDC
As you can see, the maximum volume is swap from USDC to Algo