Intro
In this dashboard, we study the most popular assets to swap to in Algorand’s various DEXs.
First, we show the 10 most popular assets and the total number of times they were swapped to since the beginning of the year on all DEXs.
Then, we segregate the most popular assets on each DEX and compare them.
We do so using Flipsidecripto’s algorand.swaps table taking into consideration only swaps with positive swap_from_amounts. The queries used to extract the data can be found here and here.
The rest of the analysis was done in R and the code can be found here for reproducibility purposes.
Top 10 assets to swap to
Below we show a table with the top 10 ASAs to swap to in Algorand since the start of the year and a chart with the swap count of each.
| SWAP_TO_ASSET_ID | ASSET_NAME | SWAPS | RANK |
|---|---|---|---|
| 0 | ALGO | 1095031 | 1 |
| 226701642 | Yieldly | 324848 | 2 |
| 31566704 | USDC | 211231 | 3 |
| 297995609 | Choice Coin | 66335 | 4 |
| 465865291 | STBL | 64728 | 5 |
| 137594422 | HEADLINE | 61900 | 6 |
| 287867876 | Opulous | 59924 | 7 |
| 523683256 | AKITA INU | 57348 | 8 |
| 511484048 | AlgoStake | 50360 | 9 |
| 470842789 | Defly Token | 48197 | 10 |
Unsurprisingly, the most popular asset is ALGO, followed not so closely by Yieldly and USDC. The next 7 assets had significantly fewer swaps and were swapped-to a similar number of times compared to each other.
Top 10 assets to swap to by DEX
Top 10 assets to swap to by DEX
In this section, we compare the most popular ASAs to swap to in each different DEX.
Below, we show a table with the 10 most popular assets to swap to by DEX (ranked) and a chart of the number of times each ASA was swapped-to for each one.
| RANK | algofi | pactfi | tinyman | wagmiswap |
|---|---|---|---|---|
| 1 | STBL | ALGO | ALGO | ALGO |
| 2 | USDC | USDC | Yieldly | Asia Reserve Currency Coin |
| 3 | Opulous | Opulous | USDC | Yieldly |
| 4 | Choice Coin | Yieldly | Choice Coin | NA |
| 5 | goBTC | Tinychart Token | HEADLINE | NA |
| 6 | goETH | Defly Token | AKITA INU | NA |
| 7 | Defly Token | HEADLINE | Opulous | NA |
| 8 | Xfinite Entertainment Token | Smile Coin | AlgoStake | NA |
| 9 | Yieldly | PLANET | STBL | NA |
| 10 | ZONE | STBL | Defly Token | NA |
As we can observe, ALGO was the top ASA in three out of the four DEXs. Surprisingly, ALGO was not even among the top 10 in algofi.
Another remarkable fact out of this table is that wagmiswap only has three possible assets to swap to (which checks out according to their website).
Finally, Yieldly, USDC and STBL were constants on all three other DEXs.