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    Algomint Bridge

    Algomint is a centralized bridge that allows you to wrap your BTC and ETH to use in the Algorand ecosystem. They custody your BTC and ETH in return you receive goBTC and goETH. When the goBTC and goETH is ""minted"" by a wallet it is distributed from ETGSQKACKC56JWGMDAEP5S2JVQWRKTQUVKCZTMPNUGZLDVCWPY63LSI3H4 to the Algorand wallet. When a wallet wants to ""redeem"" their goETH and goBTC for their original asset, they send it back to the wallet it was distributed from. How much goBTC and goETH is currently in circulation? How much goBTC and goETH has been minted by users over time? How many wallets have minted goBTC and goETH? How much goBTC and goETH has been redeemed by users over time? If a user redeems their goBTC and goETH for their original asset do they redeem the whole amount or only a portion? Bonus: What is the average hold time for goBTC and goETH if a user does redeem their original asset?

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    What are goETH and goBTC?

    These two assets are representations of BTC and ETH that have been bridged over from their original blockchains.

    goETH and goBTC Token Analysis

    The graphs below show:

    (1). goETH/goBTC supply change per day

    (2). Total minters of goETH/goBTC

    Conclusion

    (1). In early december of 2021 there was an explosion of minters and supply of goETH and goBTC on the Algorand chain.

    (2). Over 12,000 addresses have been sent ETH and BTC over the Algorand Bridge.