Swap Profiles In May & June

    May and June 2022 have been busy for the crypto space, with most assets experiencing massive volatility. Algorand is a blockchain that also had its fair share. So we want to look at the profile of users who we activity on Algorand during the period of volatility.

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    Frequency of Swaps

    How frequency did these swappers engage decentralized exchanges on Algorand. We can see from the right side that majority of the users just did a single swap. As the frequency increases, the lesser the number of wallets who fit in.

    Bought Assets

    Now looking at the assets that were swapped to the most, we have:

    • ALGO
    • Opulous
    • STBL
    • USDC
    • Yieldly

    Assets Held

    These are the list of assets held by swappers aside ALGO. We can see goETH, goBTC, Choice, Defly, and Opulous among others.

    ALGO Balance

    Now let’s look at the ALGO balance held in the wallets of these swappers.

    About 75% of them have 0-100 ALGOs, and 15% have 100-1000 ALGO. These users represent the majority. There are a few whales with 100,000+ ALGOs.

    Group By Years

    Algorand as a blockchain began block production in 2019. Grouping the swappers in the year their wallets were created, we can see that 65.8% were created in 2022 and 34.2% were created in 2021.

    Group By Month

    Grouping by month, we can see that January 2022 is the month with the most created wallets. The second was also May, 2022. This confirms the previous graphic that majority of the swappers are new Algorand users.