Try Quests to earn cryptoDEX Popularity: Tinyman, Algofi, Pactfi
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About Tinyman
Tinyman is a decentralised exchange (DEX) which utilizes the fast and secure framework of the Algorand blockchain to create an open and safe marketplace for traders, liquidity providers, and developers on Algorand. More specifically it is an Automated Market Maker (AMM) exchange employing the Constant Product Market Maker algorithm. This is the same concept pioneered by Uniswap V2.
Tinyman, built by a team with experienced fintech backgrounds, is on a mission to realize the full potential of DeFi, or financial tools that run on blockchain and are inclusive, accessible, and profitable for users far and wide.
How Tinyman is using Algorand?
Tinyman has been able to overcome scalability and usability challenges--big hurdles for some emerging DeFi ecosystems--by leveraging the Algorand blockchain’s decentralized layer-1 solution, which utilizes the unique Pure Proof-of-Stake (PPoS) consensus mechanism. The Algorand PPoS protocol enables platforms like Tinyman to scale to millions of users while sustaining a high transaction rate without incurring significant cost to participants, and while remaining energy efficient and friendly to the planet. (Algorand and Tinyman Docs)
In this dashboard, we will examine the number of swaps per day for Algorand DEXes such as PactFi, AlgoFi, WagmiSwap, and Tinyman. In 2022, PactFi, AlgoFi, and WagmiSwap all launched. We will see how the number of transactions on Tinyman changes after these DEXes go live.
>First, I used 'flipside_prod_db.algorand.swaps' table to get the amount of swap in each dex, and then, for more information, I considered the number of special wallets that swap and classified them into different types of dex.
In the next diagram, I brought the swap rate of each dex per day and used the 'flipside_prod_db.algorand.swaps' table for this purpose.
I did the same for the unique number of wallets.
In the next diagram, I brought the amount of algo that entered the dex and outside them for more information.
To do this, I used two tables, flipside_prod_db.algorand.labels, flipside_prod_db.algorand.payment_transaction, and then joined the information of the two tables to each other.
Now it's turn to find the whales.
To do this, I used swap_program table and the highest exchange rate and then arranged the result in descending order. I limited the answer to 40, and now I have the address of the wallet of 40 whales.
The first diagram shows the relative amount of swap from the beginning of April, when the popularity of pactfi and algofi is slightly increasing.
The second diagram shows the number of swaps. A leap is seen at the same time as what happened to Luna
The third chart shows the unique wallets which dex have been used the most.
There is no significant difference, but the amount of wallets is decreasing
The fourth diagram shows the swap volume in 3 beloved dex.
In this chart, the volume of algofi swap is always constant, but pactfi has been increasing since the beginning of April
The fifth chart shows the volume of wallets that started the transaction in three dex.
In this chart, the number of wallets that swap in Tinyman is decreasing
The wallets that traded on Algofi had a jump on May 18th
The sixth diagram shows the size of the input and output pattern to the dex.
The chart on May 11 and 12 shows a large amount of swaps, which again equates to the date of the Luna incident.
The seventh diagram shows which dex the whales use the most. In this chart, there are 22 whales, most of which choose Tinyman for the swap
The last chart shows the effect of the pattern price drop. The amount of swaps has decreased a bit in these few days and the most swaps have been done in tinyman
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The popularity of Algofi and Pactfi is increasing
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Most unique wallets still use Tinyman
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On May 11th and 12th, the amount of swaps in the dexs has almost doubled their daily rate. The same goes for the input and output rate of the algo. I think in these two days there has been fear in the market
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Whales and big swappers still use Tinyman for swap
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The drop in the price of the pattern has had a small effect on the swap rate at the dexs , but I think more fear has caused this to happen.