Many times ago, gALGO3 appeared just for a bump in ALGO price, at April 7th, 2022.

Five days later was booming, the sky was the limit. Then it crashed four days later. Along with ALGO the token gALGO3 is pegged with.

This movement is according to the entire crypto market volatility, a mix of price profiting and market trends could explain this price behaviour.

In DEXes

We can see that Tinyman has the majority of gALGO3 activity in both Swaps to gALGO3 and Swaps from gALGO3.

We can see that gALGO3 movement has dwindled a lot over time.

To Where?

As price increases people swapped their gALGO3 for ALGOs and just in April 20th we start to see movement to Yieldly, being the only other asset being swaped for.

A little something that i came accross is the peg that gALGO3 has on ALGO, most of the time you could be sure to get the same amount of ALGO.

Except for April 25, when apparently the peg was briefly loosen.

Most of the gAlGO3 is coming from ALGOs, in lesser numbers than gALGO3 going out to ALGOs.

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