What Are Users Swapping gALGO3 For?
In this dashboard we are gonna analyze a new Algorand native token called gALGO3 that have been created as a governance token. gALGO can be minted when ALGO is staked on the platform in order to get more passive rewards.
In this analysis, we will see the dsitribution amount of gALFO swapped for by each different asset, the number of swaps and users that used it and the activity of each different Algo DEX in the following terms:
- Volume
- Active users
- Transactions
In the first part of the analysis, it can be seen how the main token swapped is ALGO (the asset with id = 0. This swap received more than 480 transactions and a total of 255 different users used it. On the other hand, we have Yieldly, with only 5 swaps and 2 unique wallets.
On the other hand, the second approach about DEXes shows that the most important DEX in numbers is Tinyman followed by PactFi. All of the different metrics looks similar (volume,users and swaps). There were like 2 important waves when the avtivity surged. But from the beginning till the end, the numbers of Tyniman DEX have been higher than in PactFi.