Transactions by Protocol

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    Introduction

    Algorand is one of the current growing blockchain projects with an expanding ecosystem. This dashboard focuses on four the most popular protocols built on top of the Algorand blockchains and presents an overview of transactions and fee generated by the transactions per protocols.

    Transaction fee

    On Algorand transaction fee is constant. The fee for transaction groups if contains sub-transaction can vary.

    Graphs below provides no additional insights as there is a linear relationship between transactions and transaction fee.

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    Analysis

    The data shows that Tinyman has the highest share of transaction on the Algorand blockchain.

    When we consider transaction groups we see the dominance of Tinyman, that reveals that Algofi’s group transaction calls contain several sub-transactions calls.

    The time series data demonstrates that AlgoFi competes Tinyman particularly recently.

    The number of transactions fell down after the terra collapse on May 11th.

    The dat also shows that the there is a relationship between number of transactions the ALGO price.

    The percent of transactions(fee) over time are presented in the below graphs .

    We can see that after the bug exploitation on Tinyman and the launch of new dexes like ALGOFi, the dominance of Tinyman significantly has decreased.