Algorand - Swap Profiles In May & June
Description of work
In this work, we want to analyze wallets that performed swap on Algorand DEXs in May and June from different perspectives, including:
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First of all, let's take an overview of the status of ALgorand DEXs.
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The number of wallets that performed swap on Algorand DEXs.
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Top assets that swappers swap from/to
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Top pools used by swappers
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Top assets that swappers hold
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Algo balance among wallets that performed swap on Algorand DEXs
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How often do swappers perform the swap
Note: The word swapper is equivalent to wallets that performed swap on Algorand DEX over May and June
According to results:
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In May and June, about 2 million swaps were done on Algorand DEXs.
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The most popular DEX for swappers was tinyman, where 66.2% of swaps (1.34 million swaps) were done.
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After tinyman, the most popular DEXs among swappers are algofi and pactfi respectively, where 19.5% (395.96K) percent and 14.2% (289.92K) of swaps are done there.
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On June 11th and 12th, when a heavy price drop occurred in the market, the largest number of swaps were made (123.21K and 126.34K), which constitutes 12.5% of the total number of swaps made in May and June.
According to the results:
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The number of 24.5K wallets in May and June performed swap on Algorand DEXs.
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On the 11th and 12th of May, the largest number of wallets performed swap on Algorand DEXs (2939 and 2868 wallets).
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The number of wallets that performed swap on Algorand DEXs in May and June is correlated with the number of swaps performed on Algorand DEXs in May and June
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After the heavy price drop on May 11 and 12, the number of wallets that performed swap on Algorand DEXs has decreased.
According to the results:
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The highest number of swap_from by a large margin is related to ALGO with 852.83K swaps.
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The second place in the highest number of swap_from is related to USDC with 254.5K swaps.
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STBL is in third place, with133.39K swaps.
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The highest number of swap_to by a large margin is related to ALGO with 825.92K swaps.
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The second place in the highest number of swap_to is related to USDC with 270.56K swaps.
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- STBL is in third place, with139.47K swaps.
According to the results:
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3766 wallets that performed swap on Algorand DEXs, hold USDC (15.37% of wallets)
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2665 wallets that performed swap on Algorand DEXs, hold PLANET.
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2641 wallets that performed swap on Algorand DEXs, holds AKITA INU
According to the results:
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The most popular pool among swappers in May and June is tinyman: USDC-ALGO pool, where 196.56K swaps were done, which means that about 10% of the total number of swaps in May and June were done in this pool.
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After tinyman: USDC-ALGO pool, the most popular pool among swappers is algofi: STBL-ALGO pool, in which 137.08K swaps were made, which means that about 7% of the total number of swaps in May and June were made in this pool.
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The third most popular pool is algofi: USDC-ALGO pool, in which 126.76K swaps were made, which means that about 6.3% of the total number of swaps were made in this pool in May and June.
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The highest number of swaps has been done in pools that one of token pairs is USDC.
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The most popular stablecoin among the DEX pools is USDC.
According to the results:
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There are 28.3 million Algo held by swappers, which is worth about 8.77 million dollars at the current price of the Algo.
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25.8% of swappers have between 10 and 50 Algo in their wallets (6308 wallets).
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22.1% of swappers have between 1 and 5 Algo in their wallets (5398 wallets).
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12.1 percent of swappers have between 5 and 10 Algo in their wallets (2,950 wallets).
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34.2% of swappers have balance between 1 and 10 Algo in their wallet.
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60% of swappers have between 1 and 50 Algo in their wallets.
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67.47% of swappers have between 1 and 100 Algo in their wallets.
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Only 32 swappers have more than 100,000 Algo in their wallets.
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The largest number of Algos is held by
B3A27CDH36B4AJCXN4F36B7YMWOEBSBESZUNJWEL2K2JGGYNWBS6HM7DT4
(3.82 million Algos), which means that about 13.5% of Algos held by swappers are held by one wallet! WoW! an Algo whale! -
XRNL67GKKJ2NHJRMTFKRINMTUB3B73K5LQSV7B6PV7WSMRYFSW6K46MALE
andUQGEN4KMQBD5J45BH2G276Z3ONBZSI2E3W3WACIATVB6WAL7CI6YSYJ3CU
are the second and third largest Algo holders with 554.19K and 412.7 Algo respectively.
According to the results:
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34.9% of swappers performed only 1 swap during May and June (8557 wallets)
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16.4% of swappers performed between 10 and 50 swaps during May and June. (4017 wallets)
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15.2% of swappers performed only 2 swaps during May and June. (3728 wallets)
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14.4% of swappers performed between 2 and 5swaps during May and June. (4017 wallets)
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MAPEFN7K2M5Z4TPOVOXHVBTW2M46SQPROBLGYXAZ56K4SHTEUCOOZCMRZE
,AACCDJTFPQR5UQJZ337NFR56CC44T776EWBGVJG5NY2QFTQWBWTALTEN4A
, andJ4BJWP67LHXT7LQTWZYWJGNSB25VZMO6SFZPKBSY7HJUCXJIFVE2PEOTVA
wallets are among the most active swappers with 390.23K , 364.69K, and 363Kswaps, respectively.
Conclusion
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In May and June, 1.989 million swaps were done by 24.94K wallets.
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The highest number of swaps and the highest activity of wallets were on the 11th and 12th of May when a heavy price drop occurred in the market.
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The highest number of swaps happened in pools where one of their token pairs was Algo.
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The most popular stablecoin among DEX pools that swappers swapped on in May and June, is USDC.
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USDC is also the most popular token held among swappers.
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Swappers hold a total of 28.3 million ALGO.
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The largest number of Algos is among swappers held by
B3A27CDH36B4AJCXN4F36B7YMWOEBSBESZUNJWEL2K2JGGYNWBS6HM7DT4
(3.82 million Algos) -
34.9% of swappers performed only 1 swap during May and June