Swapping goBTC and goETH on DEXs

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. Track the volume and the number of wallets that are buying and selling goETH and goBTC on DEXs. Are more users acquiring goETH and goBTC or are they selling it? How does each DEX compare? Are wallets swapping goBTC and goETH for just ALGO? If not, what other ASAs are wallets swapping goETH and goBTC for? Did the price crash in May impact the number or volume of goBTC and goETH trades? Are there any notable days of trade for goBTC or goETH? What may have caused this? Note anything else interesting you find in your analysis on goBTC and goETH swaps!

Introduction:

goETH and goBTC are wrapped forms of ETH and BTC minted by algoMint.

The swapping behavior of goETH and goBTC are investigated in this bounty.

The start point of this investigation is since April 1st, 2022.

The analysis contains following metrics:

Volume of buy and sell
Number of wallets
DEXs that used for swap
Destination ASAs for swapping them
Price analysis of ALGO vs their number of swaps.

Analysis of goETH

Analysis of goBTC

Summary of findings:

five figures represented the swap behavior of goETH. Based on these figures:

 1. The volume of buy and sell for goETH increased since May 8.
 2. Number of wallets that sell the goETH is larger than buyers.
 3. Tinyman is the most used DEX for goETH.
 4. ALGO and STBL are the two of the most popular ASAs for swapping.
 5. Due to the market crash in May, the number of swaps for goETH is increased.