Transactions by Protocol

Q115. Using the following App ID lists from Folks Finance, AlgoFi, Tinyman, and AlgoDex, lets look at what percent of transactions their app calls and associated transactions(transactions in the same tx_group_id) make up on the Algorand blockchain. How have the number of transactions changed over time for each Protocol? Also how much in fees have been spent on transactions relating to each protocol? Other things that can be explored are what type of transactions are each protocol producing, or has the price of ALGO been an influence on the number of transactions produced by each protocol.

In this dashboard we will see:

What percentage of Algorand transactions is from protocol’s app calls transactions
How have the number of transactions changed over time for each protocol
How many fees have spent on protocol’s app call transactions
What type of transactions the protocols produce
How have the Algorand Price effects over time for each protocol’s number of transactions

App call Transactions from all algo transactions

Folks Finance number of transactions and fees review

Folks Finance produce borrowing and staking transactions.

Tinyman

Tinyman produce swapping,staking,farm and bridge transactions.

As we see in the early January 2022 some of the Tinyman project pools were attacked. The attacker exploited an unknown vulnerability in smart contract code to extract approximately $3 million in tokens from the contract’s pools and the number of transactions decreases badly because of that.

AlgoFi

Algofi produce lending,swapping,staking and farm transactions.

Algodex

Algodex is a highly decentralized marketplace with the orderbook completely on the Algorand blockchain itself.

Algodex produce trading transactions.

As we see in in the picture below the Algo price did some effect on Tinyman and Algodex after March 2022 when it went below of its first day price(0.86$).

Conclusion

There are several protocols on Algorand blockchain that produce multiple kind of transactions and make it much more easier for Algo community to work with any crypto specially Algorand.

flipside