Introduction

DEX aggregators are protocols that enable users to access a range of pools from a single dashboard. Through DEX aggregators users can compare rates that different pools offer and select the best platform for swap.

Alammex is a DEX aggregator built on the Algorand blockchain. Alammex provides the best price for any swap offered by variety of DEXes on Algorand e.g. Algofi, Pactfi and Tinyman.

This dashboard provides an overview of early adoption of Alammex.

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Descriptives

So far 390 swaps have been performed and 56,1K USD have been swapped through Alammex.

Analysis

At the time of writing the percent of number and amount of swaps went through Alammex is not significant to all swaps on Algorand.

Broken down the data into dexes, we can see that most of swaps has performed through Tinyman since June 27th.

It is interesting that the new dexes (eg. algofi and pactfi) are competing Tinyman as the leading DEX on Algorand.

To keep track the changes in popularity of DEXes see this dashboard.

Alammex has tiny share of swap amount on the Algorand blockchain.

Conclusion

The data shows that Alammex as a DEX aggregator so far has received little attentions and has a tiny share of swap volumes on Algorand.

However, similar to other blockchains, Algorand needs a DEX aggregator. As Alammex is the first one on Algorand we can wait and see how its popularity is evolved.

We saw that new dexes soon succeeded to obtain a significant share of swaps on Algorand soon after their launches in 2022.

Notes

Relevant dashboards:

• Tinyman Dex Popularity
• DEX Popularity: Tinyman, Algofi, Pactfi

Data:

Flipside’s Algorand On chain data

• flipside_prod_db.algorand.swaps
• flipside_prod_db.algorand.prices
• flipside_prod_db.algorand.transactions