Tinyman Dex Popularity

    Q36. Tinyman was Algorand’s first DEX(decentralized exchange) and in 2022 we’ve seen the launch of three other DEXes: pactFi, algoFi, and Wagmiswap. Let’s look at the launch of these other DEXes and see how they have impacted the number of swaps on Tinyman. 1. Chart the number of swaps by day for each DEX in 2022. 2. Note when the swaps started for each PactFi, AlgoFi, and Wagmiswap and describe whether we see a change in the number of swaps on TInyman after the launch of the other DEXs.

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    Overview

    This dashboard will begin by, noting when swaps began for each DEX that launched in 2022, as well as compare the number and percentage of swaps for each DEX in 2022.

    The table below displays the start date of each DEX's swaps. Wagmiswap was the first to begin, on February 14th. Algofi will follow on February 17th, and Pactfi on February 22nd, 2022.

    The graph below depicts the number of swaps each day for each DEX. Since the launch of the three DEXes, the number of swaps has been insignificant in comparison to Tinyman. However, we can observe that by March 20th, the number of swaps on Tinyman had decreased to only 19k swaps, making it the lowest of the year.

    The percentage graph below shows that the more than 90% of swaps have occurred on Tinyman since the beginning of 2022. Only from February 21st has the percentage begun to spread across the newly launched DEXes. Tinyman's percentage had fallen to 87.9% as of March 23rd, the lowest in 2022.

    Conclusion

    As a conclusion, even if the number of swaps for the DEXes that launched in 2022 is low, we can still see that the number and percentage of swaps on Tinyman have decreased slightly after the launch of the three DEXes.