In order to analyze the impact of this news on Algrand blockchain, we will first discuss the impact of this news on the number of wallets created per day.

Impact on the number of new wallets

The chart below shows the number of new wallets created each day from one week before the news release to one week after the news release (from 05/25/2022 to 05/19/2022).

As you can see, one week after the announcement, the number of new wallets has increased significantly, so that in two days after the announcement, the number of new wallets created has increased almost 10 times. From the 5th to the 8th of May, the number of wallets created has increased 20 to 25 times compared to the days before the news was published. As you can see, a week after the news was published, the market inflammation has gradually subsided and the number of new wallets created each day has returned to its previous routine before the announcement.

Information retrieval method

To find the wallets created one week before the announcement, up to 18 days after the announcement, we have filtered the blocks whose date was from "2022/04/25" to "2022/05/19". Then we found the accounts whose created_at field is equal to the block_id field of the previous step blocks. Then we grouped the result by date and obtained the number of those accounts per day.

Impact on transactions

In order to analyze the effect of the announced news on the transactions, we have to join the Algrand payment_transaction table with the Algrand labels table to count the completed transactions and calculate the displaced volume. The reason for using the Algrand Labels table is to be able to filter transactions based on centralized exchanges(CEX).

As you can see after announcing the number of all transactions with lable_type='cex' has increased but this increase is not significant and it can almost be said that this news has not had much effect on the number of CEX transactions. However, 10 days after the publication of this news, the number of transactions has increased significantly, which considering the long time since the publication of this news, it seems that this increase has not been the effect of this news. We will now look at the impact of this news on the displaced volume

As you can see, although the number of transactions has not changed significantly after the announcement, but the volume of exchanges has increased after the announcement and can be said to have almost doubled.