gALGO3 Emergence

Algorand Ecosystem tries to bring new product to crypto market everyday and Folks Finance is one of them. You can mint gALGO3 buy locking you ALGOs and use it elsewhere. now we are going to see how gALGO3 is being traded since it's recent birth.

One of the metrics that is important in evaluating the adoption of an asset or product is the level of interaction that is has with other assets. this is exactly what flipside wants us to do; to find top 10 assets swapping in and out of gALGO3. But as Table below demonstrates, there are only two assets that are being traded to and from gALGO3 right now, which are ALGO (asset id 0) and YLDY (asset id 226701642). Also, volume amount for YLDY is so low that we can condone it's presence. from now on we only investigate gALGO3/ALGO pair for our analysis.

gALGO3/ALGO pool officially launched on April 13th on Tinyman and that is the reason behind it's pick. transactions prior to that are probably from devs to test the contract. You can see Daily volume and number of transaction from this pool in charts below.

But Tinyman is not the only DEX with gALGO/ALGO pair, Pactfi also Launched a pool with much smaller size on that same day and next two charts shows volume and number of transactions for each DEX side by side.