Algorand - Transactions by Protocol
In this dashboard, we will look at the make-up of Algorand Blockchain activity by major Dapps. We will use the algorand.application_call_transaction
and the app_ID
s provided by Flipside to identify the transactions. Then cross reference with the algorand.transactions
table to get the require metrics. We will compare the volume from 2nd half of 2021 and the first half of 2022 to make it a relatively fair comparison of blockchain development.
We will look at :
- TinyMan DEX
- AlgoFi
- Folks Finance
- Algo DEX
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Comparing the 2nd half of 2021 and first half of 2022:
- Clear growth in noticed in terms of Transaction and Fee volume
- We see that the DApps have improved from less than 3% of the total transaction volume to almost 7%, which is more than double and close to triple the previous values
- Users haven’t seen much of a growth
Should we filter away the other transactions :
- TinyMan being the first significant DApp on Algorand, had the most activity in 2021.
- Turn 2022, AlgoFi is now the dominant DApp amongst those listed, in terms of Transaction volume and Fee generation
- However, in terms of unique users, Tiny Man still reigns, however more and more users are shifting to AlgoDex and AlgoFi
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Looking the daily data for the past 3 months,
- The DApps in consideration make less than 10% of the overall volume
- When other transactions are ignored, AlgoFi comes out as the clear winner
- Thus there is shift from TinyMan being the premier DApp to AlgoFi being the premier one.
- One should also notice, that the price action greatly resembles the daily activity or vice versa.
- Volatility spikes in price cause spikes in activity
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