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    Algorand x Fifa Partnership

    On May 2nd, Algorand announced a technical partnership with Fifa causing the price to move 25%. Over the rest of the week, how did this impact Algorand blockchain activity? Did we see an uptick in new wallets being created? Did we see more ALGOs being transferred on a daily basis? Did we see more transactions happening occurring? Did we see more wallets sending ALGOs from centralized exchanges to their onchain wallets? Did we see an influx of swaps? Note any changes in behavior in on-chain activity that may have been caused by the Fifa partnership!

    Introduction:

    According to the question, Algorand community announced the partnership with Fifa. In this bounty, we want to evaluate the impact of this announcement on Algorand community and ALGO price, accordingly.

    The mentioned criteria are investigated to evaluate the impacts of partnership announcement.

    The following results show the detailed analysis.

    First of all, we should look at the price. After May 2, the ALGO price is risen in the following day of announcement. But after May 9 it drops due to the general market downturn.

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    The daily volume of ALGO sent from CEXs to Algorand wallets shows the positive impact of starting partnership with Fifa in moving assets to Algorand wallets.

    The daily number of new accounts, transactions and volume of ALGO sent are shown in the two figures. The results of two figures are validated the increment in usage of Algorand blockchain after announcement of partnership.

    The daily number of unique swappers and volume of swaps in ALGO are shown in this figure. By the use of this one, its obvious that the announcement caused a growth in swap volume and unique swappers number on May 2 and 3.