Introduction

gALGO3 is an asset that is pegged to ALGO. Users can lock their ALGO up on Folks.finance for governance and while their ALGO is locked they receive gALGO3 and you can use it for other defi activities. Read more about it here: https://docs.folks.finance/protocol-architecture/algo-liquid-governance Let’s look what users are swapping their gALGO3 for while their ALGO is locked in governance.

What questions are addressed by this dashboard?

• Show the number of trades to gALGO3 and from gALGO3 by day?

• Also chart the volume of trades to gALGO3 and from gALGO3 by day? Are there any notable days? If so, what may have caused this?

• What DEXes are users swapping gALGO3 on?

• Show the breakout of number of gALGO3 swaps(to or from) by day for each dex.

• What are the top 10 most popular to swap from to get gALGO3?

• What are the top 10 most popular to swap to from gALGO3?

Procedure

To answer the above questions, I used the algorand.swaps table and filtered it by asset name: gALGO3 & asset_id = 694432641 to extract the number of transactions from gALGO3 and to gALGO3, too. I also calculated the volume of both of them by day over time.

Image Source: https://algorand.foundation/news/viridis

• In both of two noticed action for swap from or swap to gALGO3 notable days were April 13 & 25th.

The DONUT charts above indicate the number of swaps required to obtain gALGO3 and the amount of swaps required to obtain gALGO3.

ALGO is the most popular method of exchanging.

More than 52% of ALGO users switch to gALGO3.

More than 47% of Yieldly users switch to gALGO3.