Tinyman was Algorand’s first DEX(decentralized exchange) and in 2022 we’ve seen the launch of three other DEXes: pactFi, algoFi, and Wagmiswap. Let’s look at the launch of these other DEXes and see how they have impacted the number of swaps on Tinyman.
Question
Q36. Tinyman was Algorand’s first DEX(decentralized exchange) and in 2022 we’ve seen the launch of three other DEXes: pactFi, algoFi, and Wagmiswap. Let’s look at the launch of these other DEXes and see how they have impacted the number of swaps on Tinyman.
Chart the number of swaps by day for each DEX in 2022. Note when the swaps started for each PactFi, AlgoFi, and Wagmiswap and describe whether we see a change in the number of swaps on TInyman after the launch of the other DEXs.
Tips: Make sure the swap_from_amount is greater than 0 to make sure it is a swap and not a slippage transfer from a swap.
As can be seen from the above charts, the undisputed ruler of Algrand's decentralized exchanges is Tinyman.
With the start of other decentralized exchanges, there is no noticeable difference in the number of daily exchanges of Tinyman. for actpactfi and algofi the day after opening, we see that the number of daily swaps on Tinyman has decreased slightly.
As we move forward in the Tinyman daily swaps chart, the average daily transactions decreases and this issue, according to the second chart, can indicate the welcome of users to the new decentralized exchanges.
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