Ultimate On-Chain Exchange Dashboard
Project : Algorand
Bounty Name : Ultimate On-Chain Exchange Dashboard
Question: We’ve launched our new Algorand database and now it’s time to dive into the new DEFI tables. The challenge here is to build the Ultimate On-chain Exchange Dashboard that will keep Algorand ecosystem users informed about the exchanges in the algorand ecosystem and allow them to compare their options.
Date of analysis : 2022-11-19
Algorand blockchain explained
Algorand is an autonomous, decentralized blockchain network. It offers a wide range of secure, efficient and scalable applications. It was built for the financial future and the world's first pure proof-of-stake (PoS) fundamental blockchain. But what is Algorand used for?
Algorand's technology provides a collection of high-performance layer 1 blockchains that offer security, scalability, privacy and transaction finality. A layer-1 blockchain is a collection of solutions that improve the fundamental protocol to make the system more scalable. The consensus protocol changes, as well as sharding, are the two most prevalent layer-1 options.
Algorand was founded by Silvio Micali, a professor of computer science at the Massachusetts Institute of Technology in 2019. Silvio co-invented many breakthroughs at the heart of modern cryptography, such as verifiable random functions, zero-knowledge proofs and other protocols. Silvio launched Algorand in 2017 with the primary goal of overseeing significant research projects in theory, security and crypto finance.
The Algorand blockchain is managed by the Algorand Foundation and is available to any company or individual that wants to use it. Performance, interoperability and scaling as well as layer-2 smart contracts and private and public models are at the forefront of Algorand's technical innovation development. Additional functionality like payment scalability and off-chain computing can be provided by layer-2 scaling solutions.
Algorand scales to many users and confirms transactions with latency on the order of a minute. Even if some users are malicious and the network is momentarily partitioned, Algorand assures that users will never have contradictory views of confirmed transactions. On the other hand, existing cryptocurrencies allow for temporary forks and require a considerable period to verify transactions with high confidence on the scale of an hour. source
What are decentralized exchanges?
Decentralized exchanges rely on smart contracts to allow traders to execute orders without an intermediary. On the other hand, centralized exchanges are managed by a centralized organization such as a bank that is otherwise involved in financial services looking to make a profit.
Centralized exchanges account for the vast majority of the trading volume in the cryptocurrency market because they are regulated entities that custody users’ funds and offer easy-to-use platforms for newcomers. Some centralized exchanges even provide insurance on deposited assets.
The services offered by a centralized exchange can be compared to those offered by a bank. The bank keeps its clients’ funds safe and provides security and surveillance services that individuals cannot deliver independently, making it easier to move funds around.
In contrast, decentralized exchanges allow users to trade directly from their wallets by interacting with the smart contracts behind the trading platform. Traders guard their funds and are responsible for losing them if they make mistakes such as losing their private keys or sending funds to the wrong addresses.
The customers' deposited funds or assets are issued an “I owe you” (IOU) via decentralized exchange portals, which can be freely traded on the network. An IOU is essentially a blockchain-based token that has the same value as the underlying asset.
Popular decentralized exchanges have been built on top of leading blockchains that support smart contracts. They are built on top of layer-one protocols, meaning that they are built directly on the blockchain. source
Methods
Tables I used: I use algorand.defi.ez_price_pool_balances
for price and I use algorand.defi.fact_swap
for swaps of platforms and in this table i count distinct tx_group_id
for number of swaps and i count distinct swapper
for number of swappers. For volume I use swap_from_amount*price_usd
.
Metrics
- Algorand Dex Total Stats
- Algorand Dex Overtime
- Your Popular Dex Overtime
- Your Popular Dex Total Stats
- Top Popular Swap From Assets
- Top Popular Swap to Assets
- All Swap Pairs
- Most Active Users
Algorand Dex Total Stats
Algorand Dex Overtime
Your Popular Dex Overtime
Your Popular Dex Total Stats
Top Popular Swap From Assets
Top Popular Swap to Assets
All Swap Pairs
Most Active Users
Thanks for reading
-
All data used are from: Flipside Crypto
\
-
My Twitter: Sepehrmhz8