Transactions by Protocol

    Using the following App ID lists from Folks Finance, AlgoFi, Tinyman, and AlgoDex, lets look at what percent of transactions their app calls and associated transactions(transactions in the same tx_group_id) make up on the Algorand blockchain.

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    Methodology:

    1. At first, we calculated the percent of the number of transactions and associated transactions(transactions in the same tx_group_id) of each protocol in the Algorand blockchain.
    2. After that, the trend of changing the number of transactions for each protocol during the last two months is displayed.
    3. Then we see a graph of the daily changes in the price of Algo over the past two months.
    4. And finally, the fee paid by each network is displayed.

    The graph below shows the number of fees paid by each protocol:

    As can be seen, here is the highest number of fees paid by Algofi.

    The graph above shows the percentage of transactions and and associated transactions for each protocol in the Algorand blockchain.

    As we can see, the highest percentage is related to Algofi and Tinyman. And the other two protocol make up only a small percentage of the entire Algorand blockchain .


    In the following four charts, we can see the number of transactions of each protocol during the last two months:

    In the graphs above, we can see that the two protocol that used to make up a small percentage of blockchain transactions are recording more transactions these days and have been welcomed. But the number of transactions of two other protocol has decreased compared to last month.

    Below we see the chart of the daily price changes of Algo in the last two months, and according to these charts, we understand that the decrease in the price of Algo did not increase the number of transactions.