Introduction

There is a surge in the count of the new users creating their wallets in the Algorand Network and hence leading to a large market share by swapping and transacting in a similar way as more than 1M users were added to the network.Now let us look into the impact of there new users in the platform.

Methodology

The swaps done by these wallets are accounted for here. But firstly the assets held by the wallets are calculated to see their balance and then the swaps done by each wallet are analyzed and then the swaps are analyzed such that to see the assets that are held by the wallets.

The total volume of the wallets that are created.i.e, the new users in the ecosystem within the stipulated timescale.

The balance of the new wallets created is checked here and hence it is seen that 6M worth of the amount is held by the new wallets created.

Each new user is aggregated for the balance held in them

Among the total 6M asset balance held, It seems that a single wallet is holding 18% of the assets of more than 1M wallets so, and hence these should be very active .

All the swaps that are being done for these assets. The newly created wallets swap their asset for these tokens. This implies that LUNA is the most swapped token maybe due to the depegging of the Terra UST coin.

The assets that are held by the wallets that are created newly and their average is almost the same for all the available assets and it displays that "test" is the most held assets by their volume.