Algorand DEX Trading Volume Reaches $6.19 Million in Seven Days, DefiLlama Data Shows
The figure represents a 38.98% increase from the previous seven-day period. Algorand-based DEXs recorded approximately $395,000 in trading volume over the latest 24-hour period, while cumulative DEX volume over 30 days stood at close to $16.8 million.
Tinyman Accounts for Most Algorand DEX Volume
Tinyman accounted for the largest portion of trading activity among Algorand-based decentralized exchanges over the 30-day period.
According to the figures shared by BSCN, Tinyman generated around $13 million in 30-day trading volume and held approximately $6.2 million in liquidity. That puts the decentralized exchange well ahead of other platforms operating on the network based on the cited 30-day volume figures.
Tinyman is an automated market maker and decentralized exchange built on Algorand. Its liquidity pools allow users to trade and provide liquidity for assets issued on the network without relying on a centralized intermediary.
The $13 million figure represents the majority of the approximately $16.8 million in total Algorand DEX volume recorded over 30 days in the DefiLlama data cited by BSCN.
Pact Records $3.8 Million in 30-Day Volume
Pact ranked behind Tinyman, with approximately $3.8 million in trading volume over the same 30-day period.
The two platforms therefore accounted for most of the DEX activity highlighted in the data shared by BSCN. The figures provide a snapshot of trading activity across Algorand's decentralized-finance ecosystem rather than the network's total transaction activity.
The seven-day increase of 38.98% also indicates that the latest weekly trading volume was materially higher than the preceding seven-day period. However, the figures cited in the post do not identify the specific assets or trading pairs responsible for the increase.
Algorand DEX Activity Remains Concentrated
The data shows that Algorand's decentralized-exchange activity remains concentrated among its leading trading venues, with Tinyman representing the largest share of the 30-day volume cited by BSCN.
DefiLlama tracks decentralized-finance activity across blockchain networks and protocols, including DEX trading volumes and liquidity. The figures can change as trading activity and liquidity positions are updated.
For Algorand, the latest snapshot places seven-day DEX volume at $6.19 million, compared with approximately $16.8 million accumulated over 30 days. The 24-hour figure stood at about $395,000 at the time of the report.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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