Algorand - Swap Profiles In May & June

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    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:

    • First of all, let's take an overview of the status of ALgorand DEXs.

    • The number of wallets that performed swap on Algorand DEXs.

    • Top assets that swappers swap from/to

    • Top pools used by swappers

    • Top assets that swappers hold

    • Algo balance among wallets that performed swap on Algorand DEXs

    • 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

    1 - Algorand's DEX status overview in May and June

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    According to results:

    • In May and June, about 2 million swaps were done on Algorand DEXs.

    • 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.

    • 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.

    2 - The number of wallets that performed swap on Algorand DEX.

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    According to the results:

    • 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.

    3 - Top assets that swappers swap from/to

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    According to the results:

    • 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.

    • 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.

    5 - Top assets that swappers Hold

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    According to the results:

    • 3766 wallets that performed swap on Algorand DEXs, hold USDC (15.37% of wallets)

    • 2665 wallets that performed swap on Algorand DEXs, hold PLANET.

    • 2641 wallets that performed swap on Algorand DEXs, holds AKITA INU

    4 - Top pools used by swappers in May & June

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    According to the results:

    • 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.

     

    • 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.

    • The highest number of swaps has been done in pools that one of token pairs is USDC.

    • The most popular stablecoin among the DEX pools is USDC.

    6 - Algo balance among wallets that performed swap on Algorand DEXs

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    According to the results:

    • There are 28.3 million Algo held by swappers, which is worth about 8.77 million dollars at the current price of the Algo.

    • 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.

    • 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 and UQGEN4KMQBD5J45BH2G276Z3ONBZSI2E3W3WACIATVB6WAL7CI6YSYJ3CU are the second and third largest Algo holders with 554.19K and 412.7 Algo respectively.

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    6 - How often do swappers perform the swap

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    According to the results:

    • 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)

    • MAPEFN7K2M5Z4TPOVOXHVBTW2M46SQPROBLGYXAZ56K4SHTEUCOOZCMRZE, AACCDJTFPQR5UQJZ337NFR56CC44T776EWBGVJG5NY2QFTQWBWTALTEN4A , and J4BJWP67LHXT7LQTWZYWJGNSB25VZMO6SFZPKBSY7HJUCXJIFVE2PEOTVA

      wallets are among the most active swappers with 390.23K , 364.69K, and 363Kswaps, respectively.

    Conclusion

    • 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.

    • USDC is also the most popular token held among swappers.

    • Swappers hold a total of 28.3 million ALGO.

    • 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