Try Quests to earn cryptoSwapping goBTC and goETH on DEXs
Q72. goETH and goBTC are wrapped forms of ETH and BTC minted by algoMint. Let's look at goBTC and goETH swaps across the DEXs since the beginning of April and get a better understanding of how wallets are swapping goETH and goBTC - especially during the price crash in May.
- This dashboard provides statistics on the buy and sell of goETH and goBTC assets were are wrapped forms of ETH and BTC minted by algoMint and are located on the Algrand blockchain.All statistics are called from the Swap table from Algrand data and Table asset is used to call the names of the assets.
As can be seen, on May 11 and 12, bought 3,738 wallets, worth about 300 goETH, just at the time of the market price crash,Which has been the largest purchase since the beginning of April
On May 11 and 12, 3,652 wallets, worth 258 goETH, were sold.Comparing the number of wallets and the amount of assets, it can be concluded that the number of buyers' wallets was more and the amount of goETH purchased was more.
Since the beginning of April,by total of 23,000 wallets, 1122 goETH have been purchased
Since the beginning of April,by total of 22,000 wallets, 1113 goETH have been soled.
According to the charts above, it can be concluded that the number of buyers and the amount purchased by goETH was higher
Carefully in the above two charts, it can be concluded that there were more buyers in Algofi Dex, but the volume of purchases in Pactfi Dex was higher.
Most buyers want to buy goETH with Algo and STBL.Interestingly, some buyers have tended to replace their goBTCs with goETHs
In terms of purchase volume, the situation has been almost the same and the purchase volume of goETH has been mostly done with algo and STBL
On May 11 and 12, due to the price crash of bitcoins and altcoins, users were divided into two groups.The first group sold them for fear of losing their assets, and the second group saw the crash as a good opportunity to buy at low prices and made many purchases.The same situation exists on May 9, and when the market is falling, these two groups have started to work and have made relatively large sales and buys.
The same is true of goETH for goBTC, with mostbuys and sales on May 11th and 12th.
Since the beginning of April, 36,275 wallets have purchased 116.5 goBTCs
Since the beginning of April, 35,890 wallets have sold 113.5 goBTCs
Comparing the above two charts, we can say that the number of buyers and the amount of purchases for goBTC, like goETH, is more than the sale of this asset.
Interestingly, the same goETH situation exists for goBTC and there are more buyers in algofi but the volume of buying transactions in pactfi is higher.
The same situation exists, meaning that there are more sellers in algofi but the volume of transactions in pactfi is higher.
The same procedure is used for selling goBTC and the number of sellers in algofi is more and the volume of transactions in pactfi is more.
As you can see, users swap most of their Algos and STBLs to buy goBTC, and interestingly, a token called choice coin is in the third place.
In the case of goBTC sales, the same ASAs are exchanged
In the case of buying and selling goBTC, like goETH, the most transactions were made on May 11th and 12th, and the same two categories of users mentioned in the above contents made the most transactions, cowardly users and users who knew what prices To buy
At the time of the price crash, users with goETH and goBTC assets appeared to have made the most trades,But there have been more users who have made purchases. It seems that large volumes of transactions have been done in pactfi Dex and the number of transactions has been higher in Algofi Dex,Maybe it's because the price at pactfi Dex has been better,Users have traded their goETH and goBTC assets mostly with Algo, STBL and USDC, and in the meantime, an ASA named Chois coin has been featured in goBTC trades.
