Try Quests to earn crypto$RUNE Movement from Crypto.com
Let's take a look at the transfers of RUNE to and from Thorchain and Crypto.com over time.
THORchain allows anyone to swap one digital asset on a supported chain for a digital asset on another supported chain. $Rune is the currency of Thorchain and is used in all swaps, as users provide liquidity for $Rune and the other assets swapped on decentralised liquidity protocol. Read more about how Thorchain works here: Thorchain Docs.
Crypto.com is one of the largest Centralised Exchanges allowing for users to buy and sell crypto assets with fiat currency. They are well known for their large sponsorships deals and are the current sponsors of the World Cup in Qatar.
The amount of Rune being sent to Crypto.com last year before Dec 2021 saw very few days with less than a thousand dollars in the outflow. With outflow reaching 1.46 million on July 20th and a number of peaks over a million dollars between October 2021 and Dec 2021. After Dec 2021 we see a drastic drop, with days where there is no outflow, with the highest amount of outflow from that date being 39.95k on Dec 20th.
On December 23rd Crypto.com creates a prize pool offering a share of 30,000$ to users who deposit Rune using BEP-2 possible accounting for some of the drops in the volume in native Rune outflow to the exchange.
Inflow from Crypto.com has remained relatively sparse, while the inflow amounts can be in the thousands of USD, with peaks in the millions towards the end of November 2021. There are notably a number of days missing throughout the chart above. We see an increase in the size of the Inflow amount in both November when ETH and BTC reached ATH, offering an indication that inflow can increase during market peaks.
• For the chart Inflow Rune analyse the amount of Rune sent from Crypto.com thorchain wallet: thor1ty6h2ll07fqfzumphp6kq3hm4ps28xlm2l6kd6. Times the value of Rune by the price of Rune to get the value in USD.
• For the chart Outflow To Crypto.com analyse the amount of Rune sent from Thorchain, to the Crypto.com thorchain wallet: thor1ty6h2ll07fqfzumphp6kq3hm4ps28xlm2l6kd6. Times the value of Rune by the price of Rune to get the value in USD.