What Are Users Swapping gALGO3 For?

    -Show the number of trades to gALGO3 and from gALGO3 by day? Also chart the volume of trades to gALGO3 and from gALGO3 by day? Are there any notable days? If so, what may have caused this? -What DEXes are users swapping gALGO3 on? Show the breakout of number of gALGO3 swaps(to or from) by day for each dex. -What are the top 10 most popular to swap from to get gALGO3? -What are the top 10 most popular to swap to from gALGO3?

    What is gALGO3?

    gALGO3 is an asset that is pegged to ALGO. Users can lock their ALGO for governance and while their ALGO is locked, they receive gALGO3 and you can use it for other decentralized finance activities.

    Volume and number of trades to and from gALGO3

    The two graphs below show the number of trades to gALGO3 and from gALGO3 by day and the volume of trades to gALGO3 and from gALGO3 by day, respectively. One day that is notable for gALGO3 is Apr 13, 2022. A possible cause for the increase of trading of gALGO3 on Apr 13 is that the founder of Algorand had an interviewed with CoinTelegraph on Apr 13.

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    Dexes that users are swapping gALGO3 on

    The two graphs below show the number of gALGO3 swaps to by day for each dex and number of gALGO3 swaps from by day for each dex, respectively. The two dexes that gALGO3 is swapped on are tinyman and pactfi.

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    The two graphs below show popular swaps from to get gALGO3 and popular swaps to from gAlGO3, respectively.

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    Conclusion

    gALGO3 is an asset that is pegged to ALGO, which allows users to lock their ALGO for governance. The dexes that users are swapping gALGO3 on are tinyman and pactfi. Also, the two assets that have been swapped for or from gALGO3 are ALGO and Yieldly.