Algorand.New.DEX.Users

    Q40. Let's use the algorand.swap table to look at users who are using the new DEXes(Decentralized Exchange): PactFi, AlgoFi, WagmiSwap and whether or not they previously used the Tinyman exchange?

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    For the PactFi, 80.9% of wallets made swap on this DEX were swappers on Tinyman. The daily number of unique wallets that made swap on PactFi is verified the results.

    For the AlgoFi DEX, as shown the 80.7% of wallets made swap on Tinyman. The daily number of wallets for both AlgoFi and Tinyman used wallets are shown in the relative figure.

    The daily number of wallets that made swap on WagmiSwap is shown in this figure. Also the Tinyman used wallets is demonstrated in this figure. As shown in this figure, the number of wallets made swap on WagmiSwap were equal to Tinyman swppers most of the days. The 82.5% of wallets made swap on WagmiSwap are Tinyman swappers.

    Introduction:

    Decentralized exchanges (DEXs) are a type of cryptocurrency exchange that allows for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an intermediary.

    Algorand has various DEXs like Tinyman, PactFi, AlgoFi and WagmiSwap. For each of these DEXs the daily number of wallets and Tinyman used wallets are shown.

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