1. Introduction

    why upgrade?

    BNB.RUNE and ETH.RUNE will be deprecated soon and a year after nodes activate killswitch which will slowly reduce the redemption rate the ability to upgrade will be gone, and this tokens will no longer be supported.

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    This graph shows us:

    1. there was huge amount of upgrading between Dec, 27 2021 and Jan, 3 2022 due to big amount of upgrading that was happened by big hands and whales

    tweets Link

    This graph shows us :

    1. There is push or jump in wallets that want to upgrade on June, 25 we investigate what causes this ad find that there was announcement in this date from Thorchain twitter that 64 out of 97 THORChain nodes have voted to activate the Killswitch. And this will set a window of time to upgrading. tweet Link

    2. Also, there is a jump in Rune Upgrade amount on June, 14 and that is because Binance RUNE was upgraded via TC Treasury

      tweet Link

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    1- killswitch play an important role in creates pushes in amount of upgrading

    2- most of the jumps in amount of upgraded RUNE due to whales or exchanges

    3- most of the jumps in number of wallets that upgrading RUNE was because of the News and announcements

    4- BNB.RUNE was the most upgraded compare to ETH.RUNE and from this we can conclude that before upgrading, holders prefer BNB.RUNE due to less fee

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    2. Questions

    1. what causes push in upgrading stats?
    2. How much ETH.RUNE upgraded versus BNB.RUNE?

    3. methods

    1. for getting data of upgrading over Time, I used thorchain.upgrades table and get the data in daily and weekly timeframe
    2. for amount of ETH and BNB rune, I used thorchain.upgrades and categorized it base on burn asset
    3. to finding the causes of push, I searched Thorchain official twitter for good information and announcement
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