THORChain On-Ramping
Breakdown of New Thorchain Users
2. On-Ramping
For our first question, we want to know which chain users are coming from. The chart below answers exactly that by providing a breakdown of the number of first-time swappers grouped by the chain they are coming from. The majority of new swappers are from Binance Chain with a representation of 78.5%. The next group by size which is native THOR users make up about 11.5%. The remaining population are made up of Ethereans (4.51%), Litecoin (2.3%), Bitcoin (1.89%), and Bitcoin Cash (1.24%).
The next part of our investigation tackles the assets new users from the various are swapping for. We can see a similar chart below showing all assets according to their weight (number of unique swaps by new users). 51% of new users have swapped for RUNE, 19.9% have swapped for BUSD, and 10.9% for BNB, with the remaining percentage, split among other assets.