Transactions by Protocol | Algorand
- Generate Aggregates
What we can see is that Tinyman
it had the majority of volume, both in transactions, users and fees, but now Algofi
has taken over, at least in terms of transactions and fees. What we see here in general, is that fees and transactions have approximately the same shapes, as they should be approximately 1:1 correlated but active users do not follow this. Active users here help us see which users prefer what and how (potentially), their preference changes over time.
- Totals
In terms of totals, we see how the dominance Tinyman
has been eaten up by Algofi
, both in transaction count and in fees. Sadly Folks Fincance
and Algodex
still haven’t found nearly the same demand as the other two protocols.
- Summary & Discussion
In summary, we see the evolution in the Dexs preferred by users, at least when comparing these 4. We see that Tinyman
had the majority of the market share like Uniswap
had on Ethereum
and like Aave
had on Polygon
, but now its dominance is decreasing rapidly as Algofi
is taking the lead.
What would be also interesting to see is how many of x
protocol has interacted also with y
protocol. How many of x
are loyal to x
or have also interacted with y
,z
. Then look at the last interacted date with x
is it greater than the date they interacted with y
. If not, that would imply a shift in preference. Obviously all these metrics would be done in aggregates, but they’d be feasible.