Try Quests to earn cryptoTransactions by Protocol
What is Algorand?
Algorand eliminates the technological constraints of decentralisation, scale, and security that have, for years, hampered the widespread implementation of blockchain technology. You are now able to construct on a reliable and robust platform. Permissions are not required to participate in our permissionless and PURE PROOF OF STAKETM consensus procedure. Within a network that is really decentralised, it guarantees full participation as well as protection and speed. Algorand's transaction throughput is comparable to that of large payment and banking networks because to the short amount of time it takes for blocks to be completed. Additionally, Algorand is the first blockchain that offers instant transaction finality. No forking. There should be no doubt.
Analysis
- Vis 1-3: Number of transactions and cumulative growth daily basis and in total was checked Separately for each program.
- Vis 4-6: The unique wallet number and cumulative growth daily basis and in total was checked Separately for each program.
- Vis 7-9: Total fees to ALGO and cumulative growth daily basis and in total was checked Separately for each program.
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- Vis 10-11: Number of transactions and cumulative growth daily basis VS. average changes price was checked Separately for each program.
- Vis 12-13: The unique wallet number and cumulative growth daily basis VS. average changes price was checked Separately for each program.
- Vis 14-15: Daily spent fees in $ALGO and cumulative growth daily basis VS. average changes price was checked Separately for each program.
Conclusion
Check the Transactions by Protocol section of the dashboard in accordance with the following: On June 2nd, there were around 215,000 transactions, making it the day with the largest total number of transactions. In addition, it would appear that the quantity of transactions has reduced between January 10, 2022 and January 18, 2022. In addition, the largest FEE was collected in the month of June 2022, as well as in the month of May 2022, and The transaction on your wallet that took place on June 19, 2022 was one of a kind. TinyMan had the highest share in the number of transactions, measured in terms of percentage, with approximately 92 percent. It appears that even though Algofi's transactions were considerably less than TinyMan's, the total Fee is the same in both TinyMan and Algofi. Because of this, whales are more interested in Algofi than they are in TinyMan, which suggests that Algofi will continue to dominate the market. TinyMan held the highest share of the market in terms of the percentage of the total number of unique wallets, with approximately sixty percent. An intriguing aspect emerges when we examine the relationship between the number of transactions and the daily price of ALGO. This phenomenon can be observed in three programmes: Folks Finance, Algodex, and TinyMan. When the daily price of ALGO has declined, the number of transactions has also decreased. However, in Algofi, the situation has been different, and when the daily price of ALGO has decreased, the number of transactions has climbed.
About:
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Author: HaM☰d
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Discord: 0xHaM☰d#8391
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Twitter: @arjmandi_hamed
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Email: h_arjmandi2012@yahoo.com
Q115. 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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- How have the number of transactions changed over time for each Protocol?
- Also how much in fees have been spent on transactions relating to each protocol?
- Other things that can be explored are what type of transactions are each protocol producing, or has the price of ALGO been an influence on the number of transactions produced by each protocol.
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