DEX Popularity: Tinyman, Algofi, Pactfi

    Q70. Since the beginning of April, how has the growth of AlgoFi and PactFi impacted swaps on Tinyman? Show us how the Algorand DEX ecosystem is changing as each DEX grows.

    Introduction

    In this dashboard, we will discuss the growth of AlgoFi and PactFi impact swaps on Tinyman, the following chart will show and explain:

    • Number of unique wallets that swapped assets in DEXs
    • The volume of ALGOs swapped on DEXs
    • The number of swaps the whales have performed on each DEX
    • the share of each DEX in the amount of whale swaps
    • ALGO price and number of swaps
    • Number of wallets/swaps/volume vs ALGO price for each DEX
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    Results

    As you can see, the Tyneman chart has a downward trend and the number of wallets has decreased. The other two Dex seem to have attracted a number of new users.

    As you can see, Tinyman is in the first place with a very high volume. Noteworthy is the high volume of Algofi, especially from May 10 to May 12 has a very high volume

    To identify the Whales, I first sorted the wallets based on the amount of their assets from high to low and then considered the top 0.5 percent of the list as the Whale.

    In terms of the number of swaps, it can be said that the other two deks have grown significantly compared to the model, and in some cases, the number of swaps in them is even more than Tiny. It is clear that on some days the whales were more active in the Pactfi.

    Now for each of the DEX, compare the number of wallets, the amount of swaps volume, and the number of swaps with the ALGO price.

    In the following, we will discuss the impact of ALGO price on the number of swaps. The market experienced a sharp decline in May, so the price of most Altcoins also fell. This price drop will naturally increase the number of swaps. As can be seen from the chart, from May 8 to May 12, the price of the ALGO decreased from 0.73 to 0.4, and on the other hand, the number of swaps in DEXs have increased sharply, from 22.6K swaps to 52.4K swaps have arrived.