What Is Algorand?

Algorand (ALGO) is both a digital currency and blockchain platform. The Algorand platform is designed to process many transactions quickly, similar to major payment processors like Mastercard or Visa. In addition, Algorand can host other cryptocurrencies and blockchain-based projects, making it a direct competitor to Ethereum. ALGO, the platform's native currency, is used to secure the Algorand blockchain and pay processing fees for Algorand-based transactions.1 \n

Algorand is an open-source blockchain, meaning anyone can view and contribute to the platform's code. Algorand uses an operating protocol it calls pure proof-of-stake (PoS), which recruits network validators from the pool of users.1

The Algorand platform and accompanying cryptocurrency were founded in 2017 by Silvio Micali, a professor at the Massachusetts Institute of Technology and noted cryptographer.2 The total supply of ALGO is capped at 10 billion coins, with about 7 billion ALGO already circulating.3

KEY TAKEAWAYS

• Algorand (ALGO) is a blockchain platform and cryptocurrency designed to function like a major payment processor.
• The Algorand blockchain uses a consensus mechanism it calls pure proof of stake.1
• ALGO, the native coin of the Algorand platform, is used to secure the platform and reward the ecosystem's governors.4

What Is a Decentralized Exchange (DEX)?

A decentralized exchange (DEX) is a peer-to-peer (P2P) marketplace that connects cryptocurrency buyers and sellers. In contrast to centralized exchanges (CEXs), decentralized platforms are non-custodial, meaning a user remains in control of their private keys when transacting on a DEX platform. In the absence of a central authority, DEXs employ smart contracts that self-execute under set conditions and record each transaction to the blockchain. These trustless, secure transactions represent an accelerating segment of the digital asset market, and are pioneering new financial products.

Methodoly

Rough cases can be seen in this dashboard: Volume of dollars in exchanges Percentage of market share What assets are traded in these exchanges? Dollar volume to exchange for assets in exchanges to What do users/wallets look like on each exchange? How old is their wallet? They have several ALGOs

To display data from tablesalgorand.defi.ez_price_pool_balances , algorand.defi.fact_swap , algorand.core.dim_asset It is used and the parameters on the top of the dashboard are used to filter the data

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Display Swapping information

In this section, you can see the following charts based on the selected filter and Dex

• Pie chart Total Swap
• Pie chart Total Swaper Pie chart Total Volume
• Evolution of swaps by date
• Evolution of swapper by date
• Evolution of Volume by Date
• Evolution of Average Volume by Date
• Avg Volume And Min Swap And Max Swap comparison
• swaps and swappers and volumes comparison

Top 10 Asset swapped