Algorand x Fifa Partnership

    Question :

    On May 2nd, Algorand announced a technical partnership with Fifa causing the price to move 25%. Over the rest of the week, how did this impact Algorand blockchain activity?

    • Did we see an uptick in new wallets being created?
    • Did we see more ALGOs being transferred on a daily basis?
    • Did we see more transactions happening occurring?
    • Did we see more wallets sending ALGOs from centralized exchanges to their onchain wallets?
    • Did we see an influx of swaps?

    Note any changes in behavior in on-chain activity that may have been caused by the Fifa partnership!

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    As we can see, two days after the announcement of the event, that is, from May 4, the number of wallets created has increased dramatically. And from the average of creating 124,162K wallets per day, it has reached about 284,949K wallets!

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    As I can see, the amount of ALGOs transferred has increased since May 2 and reached its peak on May 6 (239.5692 M).

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    Since May 2, the number of transactions has increased sharply. And reached its peak on 7 May

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    • The number of wallets sending ALGOs from centralized exchanges to their onchain wallets Does not show much increase

    • But the amount of ALGO transferred from CEXex to Wallets has increased significantly. And reached its peak on May 9th

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    The number of swaps increased significantly on May 3 and 9, but has since returned to normal.

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    The amount of swapped ALGO has increased since May 2 compared to a week before May 2.