Try Quests to earn cryptoAlgorand Foundation New CEO Staci Warden Board
Question 31: Algorand Foundation appointed a new CEO Staci Warden on February 10th 2022. How did this impact the Algorand ecosystem? The week following announcement did we see an increase of ALGOs being moved from CEXs(centralized exchanges) to wallets? Or did we see an increase of ALGOs being moved from wallets back to CEXs? Tips: Use the labels table to look at addresses labelled as CEXs
Introduction
The past February 10th 2022, the Algorand Foundation announced the appointment of Staci Warden as its new Chief Executive Officer. Warden, who has served on the Algorand Foundation’s Board since September 2021, steps into the additional role of CEO effective that day.
Staci Warden appointed that the next step for Algorand will be focused on scaling its commitment to its community and its global partners. He transmits as well that his idea is to give access to finance to 1.7 billion people in the world that has no access yet thanks to algorand speed, security, and decentralization.
The goal of this dashboard is to shoe the impact of this announcement on Algorand network in terms of ALGO being moved from CEX and to CEX.
Methodology
To be able to see the differences before and after new CEO season, we need to mersh Algorand payment_transaction table to calculate the transactions done and the volume moved, and also we need to use Algorand labels to filter by CEX transactions to count only CEX transactions.
The dashboard shows both, the number of transactions and the total volume in a daily and a weekly basis. The results have been splitted in two main parts: results of transactions to CEX and from CEX.
Results: to CEX
These two first charts shows the transactions and volume to CEX over time. In blue we have the previous period to new CEO incorporation and in orange the post period. As we can see, in both cases seems that the impact of the new CEO was null to the number of daily transactions and daily volume. In fact, it seems that during the last days, both, volume and transactions have decreased.
In a weekly, basis, we can see how the transactions have been mantained, and then, we can say that the CEO incorporation didn't have any impact to the Algorand activity to CEX. The volume, have decreased, then, the impact was negative in that case.
To conclude this part with a good insights, here we can see the difference numbers taking into account the global numbers previous to the CEO incorporation and after it. We can see again how the number of transactions looks equal, but the average daily volume have decreased a lot. Then, the CEO impact have been null for transaftions to CEX and negative for daily volume to CEX.
Results: from CEX
In this case, the numbers of daily transactions seems to be decreased during the post period. The volume did the same as well but not so drastically as to CEX.
In a weekly basis, we can see how both metrics have reduced its activity from CEX.
To summarize the impact of CEO to transactions from CEX, we can see how the number of transactions have been decreased a little bit to around 4800 daily transactions to 4600. The volume have decreased dramatically from 24M to 9M, more than 50%.
