Swap Increase on May 11 + 12

On May 11th and 12th we saw a spike in number of swaps and volume across the DEXs. Breakdown what happened? What were users swapping from and to? Were users swapping from ALGO to stables? Was the average swap size bigger than normal? Is this tied to the price of ALGO? Help us understand what took place and why the volume and number swaps increased!

Introduction

In this dashboard we will look at swaps on Algorand blockchain as following:

10 most swapped from and to on May 11th and 12th
Swaps from ALGO and USDC to another asset in May
Swaps from ALGO to stables (USDC, STBL) in May
Average swap volume in May

In the following chart we can see 10 most swapped assets in May 11th and 12th, As you see ALGO has the most number of swaps and USDC is in the next position:

Also in the following chart we can see 10 most swapped to assets in May 11th and 12th:

The following chart shows swaps from ALGO to another asset in May, we can see a big difference in May 11th and 12th:

And following chart shows swaps from USDC to another asset in May, we can see a big difference in May 11th and 12th too:

The following chart shows swap volume for swaps from ALGO to USDC:

Also the following chart shows swap volume for swaps from ALGO to STBL:

The following chart shows average ALGO volume for swaps from ALGO in May:

As you see average volume was bigger than normal on May 11th and 12th.

flipside

flipside

Swap Increase on May 11 + 12

Introduction