Defly Token Launch

    Defly(https://defly.blockshake.io/) is a mobile wallet and swapping platform that is currently being developed on the network. They recently had their token presale and liquidity pools have been provided for swaps on Tinyman. Chart the number of Defly Swaps by day on Tinyman What was the biggest swap for Defly on Tinyman? Chart the distribution of Defly among wallets.

    Background

    Defly is a decentralized finance mobile application built on the Algorand blockchain. Defly combines features of traditional crypto trading with the security of the blockchain.

    In the background, Defly leverages the Tinnyman protocol to facilitate swaps. The app is scheduled to be available for iOS and Android operating systems.

    Transaction fees in the Defly app are paid with $DEFLY, the app's native token created on the 17th of December, 2021, of which 30% was released for presale in January 2020.

    The purpose of this dashboard is to analyze how things have fared after the $DEFLY toke launch.

    Swaps

    After the $DEFLY token presale was launched on 4th January 2022, the DEFLY/ALGO trading pool was created shortly after on 19th January 2022. In the chart below, we are presented with the daily $DEFLI swap count on the Tinnyman dex.

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    Top 10

    Next up, let us look at the largest swaps by amount since the launch of the pool. The largest swap so far is a swap for 10.7 Million $DEFLY with tx_group_id = QegaRbCCh/HCtQnwZoWAN+wKO083M51SgH87CSvbNg0=

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    Distribution of $DEFLY

    This section deals with the aftermath of the token emissions. The goal here is to see which accounts own the largest amounts of $DEFLY and which ones have few. Accounts with zero (0) $DEFLY balance have been taken out.

    We can see below that a single account owns 70% of all $DEFLY tokens in circulation.

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    Conclusion

    In general, $DEFLY token emissions have been successful, and there seems to be some demand for the token. The presence of whales (huge bag holders) is felt as the largest $DEFLY swap was in excess of 10.7 million.

    On the downside, $DEFLY distribution seems centralized and the top 1 address owns about 70% of the total circulation supply.

    As you can see, the most swaps occurred on the first day of the launch of DEFLY/ALGO pool with a frequency of 8,324. Daily swap counts has since moved in a zig-zag patter with a lower threshold of 2,080 and an upper threshold of 5,590.

    Here are the details of the largest swap yet:

    • TX_GROUP_ID = QegaRbCCh/HCtQnwZoWAN+wKO083M51SgH87CSvbNg0=
    • ASSET_RECEIVER = WK4EQEAFATW6MXH37S5PLJ5DTD34SGFVIOU3RMQXSFV6RYDAB4BN7IBOKI