16 [ALGO] Algorand Assets Using Account Asset Table
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Intro
As a blockchain gets popular, the number of assets grows. Recently there's been a pump of scam ASAs on Algorand because it's very easy to create an ASA. Perhaps too easy!
In this analysis, let's look at the what have been the most popular ASAs held in wallets.
Insights
- Perhaps to no surprise, two stablecoins are the top 2 most popular ASAs held in over 1 Million wallets.
- More surprisingly, Opulous is quite a bit more popular than Yieldly.
Share of assets in wallets
- Using a stacked chart, we can see the share of ASAs in wallets. In the beginning it was all Asia Reserve Currency Coin but then USDT started domination almost 100%.
- Beginning in September 2020, we start seeing USDC enter user wallets
- Since then we've seen the emergence of Opulous, Yieldly, PLANET, Tinymap LPs and Smile Coin