Algorand Transactions by Protocol

Introduction: Purpose of this analysis is to investigate the app call and related transaction counts & fees for the Folks Finance, AlgoFi, Tinyman, and AlgoDex protocols on the Algorand blockchain over time and relative to the chain’s overall transaction counts & fees.

Conclusion:

• Overall, Tinyman accounts for > 50% of transactions and fees related to app calls driven by payment transactions types.
• However, AlgoFi daily app call count surpassed Tinyman in March 2022.
• Future Consideration - Worth looking into what drove spikes in app calls in January, March & May 2022, as well as dead period a few days in mid-late January 2022.

Methods:

• Looked into (1) transaction counts and fees, (2) overall and over time (3) as a count and as a percentage relative to Algorand totals for (4) app calls and their related transactions for the aforementioned protocols.with t
• “App Call”= App Call Transactions Type.
• “Total Transactions” = Transactions with the same tx_group_id as an app call transaction type.
• Transactions fees are in ALGO.
• No App Calls before 2021-04-01.
• Data from 2021-04-01 to 2022-07-10.

Appears that none of the protocols existed before early October 2021, which is when Tinyman appears to be the first to have launched.

AlgoFi surpass Tinyman to lead the Algorand blockchain in app calls in March 2022.

Interestingly, most of the fees generated from Tinyman are from payments, while almost all AlgoFi fees are from app calls.

While AlgoFi generates the most app call transactions and fees among the four protocols analyzed, 40-50% of app call transactions/fees in June 2022 came from other protocols.