Algo New DEXs' Users

    The Question :

    What percent of wallets for each of the new DEXes(swap_programs:PactFi, AlgoFi, Wagmiswap) had previously used Tinyman to perform a swap?

    Approach :

    1- Wagmiswap

    • looking at the results :

    .

    • 40 unique wallet have used Wagmiswap in 2022.

    • there are 7 new addresses which didnt use tinyman before (33 addresses used tinyman before)

    • so, the joint percentage is 82.5%
    • 3 distinct assets fount as the target of swaps, for joint swappers.
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    2- Pactfi

    • looking at the results :

    .

    • 476 unique wallet have used Pactfi in 2022.

    • there are 91 new addresses which didnt use tinyman before (385 addresses used tinyman before)

    • so, the joint percentage is 80.9%
    • 49 distinct assets fount as the target of swaps, for joint swappers.
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    3- Algofi

    • looking at the results :

    .

    • 1589 Algofiwallet have used Wagmiswap in 2022.

    • there are 309 new addresses which didnt use tinyman before (33 addresses used tinyman before)

    • so, the joint percentage is 80.7%
    • 35 distinct assets fount as the target of swaps, for joint swappers.
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    • looking at the results :
    • By 2022, tinyman usage (number of swaps) seems to be declining, from + 100K at the beginning of the year to 29K in late March. in terms of number of users, it was over 7K in the begenning of the year, and it reached to ~2K in late March.

    • overall joint percentile is~80% , It means that , over 80 percent of wallets for each of the new DEXes(swap_programs:PactFi, AlgoFi, Wagmiswap) had previously used Tinyman to perform a swap.