Swap Pair to RUNE Distribution

• BUSD-RUNE has taken almost half of the market share swap to RUNE. With a total percentage of 42.8%.

• Then followed by 3 major native asset tokens, which are BTC, BNB and ETH. The three categories have over 10++% (13.5%, 12.8% and 11.2%).

• BTCB and UST has more than 3% as well.

• We're seeing that major native tokens swapping to RUNE by having large position. Instead smaller L1 tokens like DOGE, LTC has smaller composition.

L1 chain distribution

1. BNB chain : around 800 Million

2. ETH chain : around 195 Million

3. BTC chain : around 164 Million

4. Thor chain : around 110 Million

5. Terra chain : around 44 Million

6. LTC chain : around 6 Million

7. BCH chain : around 2 Million

8. DOGE chain : around 500k

BNB chain with stablecoin BUSD has proven more attractive and use case for users to perform swap to RUNE on Thorchain network. Popular chain like Ethereum and Bitcoin has also much swap volume to RUNE as well.

Daily L1 Swap Volume to RUNE

• BNB on average has above 1 Million daily swap volume from the native L1 assets token to RUNE.

• While on daily average BTC and ETH has over 100k to 400k swap volume to RUNE.

• Others chain like Terra which performing better still able to taken up more than 1 Million volume per day.

• While LTC, BCH and DOGE has only tens to few thousands volume per day.

Thorchain L1 Swaps

In this dashboard, we're looking at the swaps involving the native assets from different L1 blockchains swapped to $RUNE.

Hence, in order to do this, we're only considering one-sided swap, which only includes native assets -> RUNE instead of double-sided swap : native assets -> RUNE -> RUNE -> native assets.

The time index chart below showing the swap volume of respective L1 chains.

Cumulative L1 Swaps to RUNE

• BNB chain has dominated the swap volume to RUNE and has post a large gap between other chains.

• BNB has accumulated over 800 Million volume over the time.

• While ETH and BTC L1 chains come next with respective 195 Million and 164 Million.

• Terra chain was able to pick up fast and surpassed LTC, DOGE and BCH chains within a month time. However, sadly it collapse in early of May 2022.

• Thor native chain shall be excluded from the analysis as the swap involve is from XRUNE token. It just a intra chain swap but not interchain swap.

Summary

• Popular L1 chains tend to have higher swap volume to RUNE.

• Stablecoin have taken up much composition for the swap volume to RUNE on Thorchain network.

• BNB has dominated under the swap volume to RUNE metrics.