Swapping for YLDLY on DEXs

    Q77. Let’s get a better understanding of how people are swapping Yieldly(YLDY: Asset ID: 226701642).

    Introduction

    Yieldly is reinventing the process by which value is transferred along all chains; in our future vision, there will be no boundaries.

    To begin, Yieldly connected the blockchain globe without any hiccups by utilising DeFi, which was built on Algorand. Why? Because Algorand enables users to trade value more quickly than any other protocol, with reduced fees, and with increased levels of security.

    Users are now able to use Yieldly's cross-chain technology to exchange value between Algorand and Ethereum, which is a first of its kind innovation in the world, and this is just the beginning.

    Method

    In this dashboard I use flipside_prod_db.algorand.swaps and flipside_prod_db.algorand.asset tables to find the answer of following questions:

    • Total volume inflow and outflow of Yieldly by day in 2022 then break it out by DEX as well.

    • Is swapping for YLDY more popular on some DEXs than others?

    • Additionally what assets are users swapping for YLDLY?

    • Are there any standout days of swap volume for Yieldly?

    • If so, write about what may have caused that spike. Note any other interesting findings related to YLDY swaps!

    Analysis

    • Inflow and outflow of Yieldly was approximately equal in total volume
    Discord: 0xHaM☰d#8391
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    • Tinyman is the Dex that has swapping for YLDY more popular on some DEXs than others.
    • Standout days of swap volume for Yieldly started on January 22nd to February 12th on Tinyman Dex. That can take place because of the launch of the NFT Marketplace on Yieldly before standout days of swaps that can see news of that on their twitter like below.
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