Transactions by Protocol
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Introduction
In this dashboard, we will first briefly introduce the four protocols that are based on the Algorand blockchain, then we will compare the volume of transactions and their fees.
Definition
- Tinyman →Tinyman is a decentralized trading protocol which utilizes the fast and secure framework of the Algorand blockchain, creating an open and safe marketplace for traders, liquidity providers, and developers.
- Algofi → decentralized exchange, lending market, and stablecoin. earn intrest, borrow, trade, and more
- Folks Finance → for borrowing and lending built on top of the Algorand blockchain.
- AlgoDex → Algodex is a highly decentralized marketplace with the orderbook completely on the Algorand blockchain itself.
Resource:
Method
- First, we have counted the number of App IDs of each protocol.
- Then we counted the number of transactions of each protocol . In the following, we have drawn the same number of transactions for each protocol on a weekly basis.
- In this section, we have obtained the Algo price chart every day.
- We have calculated the transaction fees of each protocol.
- We have drawn the type of transactions separately for each protocol.
> Tables
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> javascript > flipside_prod_db.algorand.application_call_transaction > flipside_prod_db.algorand.transactions > flipside_prod_db.algorand.prices_swap >
- This chart counts the number of Ss of each protocol. Each of the IDs are related to different contracts that are executed on these platforms.
- In these two graphs, we have counted the number of transactions of each protocol. The graph on the right counts the total number of transactions since the beginning of this year, and the graph on the left shows the number of transactions per week. Different colors in each bar correspond to different protocols.
- This chart shows the price of Algorand every day. The results are from the beginning of October last year until now.
- In this section, we have drawn the total volume of transaction fees for each protocol.
- This chart shows the type of recorded transactions for each protocol.
Conclusion
- Algofi, with the largest number of app IDs, seems to have the most diverse number of smart contracts that have been called by users.
- The number of Tinyman transactions is much higher than the other three protocols. In addition, the transaction trend has reached its peak in January this year, but after that, it has started to decline.
- The maximum price of Algorand was on the 8th of November last year, which reached over two dollars. After this date, the price chart has become a long-term bearish trend.
- The transaction fees for Algofay protocol have been much higher than other protocols. The total fee for this protocol was more than 200 thousand Algos.
- The most used type of transactions in total was ==application call==, followed by ==payment==.