Algorand BountY: Swap Increase on May 11 + 12

    On May 11th and 12th we saw a spike in number of swaps and volume across the DEXs

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    What were users swapping to

    Here we see 10 of the most swapping to that Algo has the most swapping to

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    What were users swapping from

    Here we see 10 of the most swapping from that Algo has the most swapping from

    Swap From what to what

    Here we see the most swapping

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    Were users swapping from ALGO to stables?

    You see the Number of swapping from Algo to stable coins of USDC, USDT, TBLS

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    Were users swapping from stables to ALGO ?

    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.

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    Swap Volume from Algo To other

    As you can see, the maximum volume is swap from Algo to USDC

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    Swap Volume from other To Algo

    As you can see, the maximum volume is swap from USDC to Algo