Try Quests to earn cryptoMost Popular ASA To Swap From ALGOs
Let’s look at what ASAs are most popular to swap into from ALGOs in 2022 using the swaps table
In this analysis, we examine the ASAs that have been swapped by ALGO. In fact, we find and compare the 10 ASAs that have had the most swaps from ALGO.
Algorand Standard Assets (ASA) provide a standardized, Layer-1 mechanism to represent any type of asset on the Algorand blockchain. These can include fungible, non fungible, restricted fungible and restricted non fungible assets.
In today’s economy, there remain many issues when it comes to the digitization of assets. These challenges include:
- Access to global, digital markets
- 24x7 transferability
- Instantaneous settlement
- Ease and enforceability of asset controls
- Efficiency of administration, such as compliance and reporting
ASA’s Enable:
Role Based Asset Control (RBAC): Optional and flexible asset controls for issuers and managers for business, compliance, and regulatory requirements. This includes:
- Quarantine asset accounts for investigative purposes
- Force transfer an asset where legal or other regulations require it
- Whitelist model for privileged asset transacting, which allows only specific addresses that have been approved to transact within a specific asset (all others will be restricted)
- Flexible asset reserve models for custom business requirements
- Off chain asset documentation included in on chain asset definition
User Protections: Asset spam protection that prevents unknown assets that may have tax, legal, or reputational risk from being sent to users without their explicit approval (users must opt-in to accept new assets).
The image below shows the breakdown of types of ASAs.
We now calculate the total volume of swapped ALGOs using algorand.swaps.
In the next step, using the same table algorand.swaps and joining the algorand.asset table, we show the top 10 assets that have had the most swaps from ALGO as a graph. To identify only swaps performed by ALGO, we limit the results to those whose swap_from_asset_id is equal to 0.
As it turns out, the USDC, Yieldly and Defly Token had the most swaps from ALGO, respectively.
Also, the total swaped ALGOs since the beginning of 2022 is approximately 174.2 million, of which approximately 131.8 million have been swaped to these 10 assets.
This means that about 75.6% of swapped ALGOs belong to the following 10 assets.
> 1. USDC > 2. Yieldly > 3. Defly Token > 4. PLANET > 5. AlgoStake > 6. HEADLINE > 7. Opulous > 8. AKITA INU > 9. ZONE > 10. STBL
The time series chart below shows the Number of swapped ALGOs to each of the 10 assets. The next one shows the volume of ALGOs that are swapped to these 10 assets daily.