Algorand: Swapping goBTC and goETH on DEXs
Description of work---> 1- goETH and goBTC are wrapped forms of ETH and BTC minted by algoMint. In this bounties we wand track the volume and the number of wallets that are buying and selling goETH and goBTC on DEXs 2- Find wallets swapping goBTC and goETH for 3- Detect price crash in may for goBTC and goETH.
In this section, we calculate Volume and the number of wallets on goETH and goBTC for buy and sell:
- 1-
Daily volume and the number of wallets for goETH and goBTC for buying
- 2-
Daily volume and the number of wallets for goETH and goBTC for selling
- 3-
Daily number of transaction for goETH and goBTC for selling and buying
According to the above results, it can be seen that the volume of buying in goETH is much more than the volume of purchases in goBTC.
According to the above results, it can be seen that the volume of buying in goETH is much more than the volume of purchases in goBTC.
- Observations
- Daily volume for both sell and buying in goETH is more than higher of goBTC
- Number of unique wallet (users) in buying is than higher of selling for both
- Daily volume for buying is more than higher in selling for both
- In MAY(11 MAY, 12 MAY) volume of sell an buy more than other days
- In MAY(11 MAY, 12 MAY) number of transactions more than other months
In this section, we calculate Volume and the number of wallets on goETH and goBTC for buy and sell for each dexs:
- 1-
Daily volume of buy on each dex
- 2-
Daily number of transaction of buy on each dex
- 3-
Daily volume of sell on each dex
- 4-
Daily number of transaction of buy on each dex
According to the results:
- users buy goBTC and goETH the most on pactfi and in the next priority is algofi and their last choice is tinyman.
- In May, goBTC and goETH the increase in buy on pactfi and algofi increased significantly
According to the results:
- users sell goBTC and goETH the most on pactfi and in the next priority is algofi and their last choice is tinyman.
- In May, goBTC and goETH the increase in sell on pactfi and algofi increased significantly
According to the results, it is clear that most swaps are from goBTC and goETH to ALOG and then STBL
In this section we examine the effect of price on the number and volume of goBTC and goETH
- Impact of price on the number or volume of goETH trades
- Impact of price on the number or volume of goBTC trades
According to the results, in May, and especially on the 11th and 12th of May, with the decrease in the average price of goETH, the number of swaps and its volume has increased sharply, and this shows the effect of price on trade in goETH.
According to the results, in May, and especially on the 11th and 12th of May, with the decrease in the average price of goBTC, the number of swaps and its volume has increased sharply, and this shows the effect of price on trade in goBTC.
According to the results obtained from the number of trades, volume, average price, etc. on goETH and goBTC in May, and especially on the [11th and 12th of May]
, we see a significant change in the number of trades, volume and change in price. We are goETH and goBTC