In this analysis, we are going to deal with bETH and goBTC. In fact, we want to make it clear that users get bETH and goBTC by swaping or by minting.

goBTC are fully collateralised with native BTC, giving BTC the full power of the Algorand blockchain including its carbon neutrality. For each goBTC issued a carbon credit is also issued to neutralise its previous carbon footprint.

Each goETH is fully collateralised with native ETH, giving ETH full power of the Algorand blockchain including its carbon neutrality.

The diagram below shows the total amount of goBTC and goETH minted well.

As we can see, goETH starts from December 9, 2021, almost 17 days after the start of goBTC.

From this graph, we find that the amount of goETH obtained through minting is greater than the amount of goBTC minted per day. But because of the many ups and downs we see in the chart, we can not say that these values have increased or decreased over time. However, on certain days, such as March 18, 2022, we encounter a huge leap in goETH.

The chart below shows how much goETH and goBTC have been swapped from other coins.

As we can see, users are more interested in swapping to goETH. If we do not pay attention to the special days when the swapping is very volatile, we will see that the swapping from other coins to goETH and goBTC has a relatively constant trend with few changes.

Now if we want to compare the value of goETH and goBTC obtained by minting and swapping, we have to see the following two charts.

As we can see, the total values of goETH and goBTC obtained through minting are much, much greater than the total values of goETH and goBTC obtained through swaps.

Therefore, it can be concluded that algomint has been able to meet the needs of users for ETH and BTC in the Algrand network. It can also be inferred that users have used goETH and goBTC for Mint AirDrop or as collateral and then loans.