The analysis below is based on the past chain integration for DODO, and ALCX tokens on Ethereum chain and USDT on BNB chain. They are all launched on 2nd of June 2021.

This analysis will look into several sections which might help or benificial to THORChain network.

Swapping activity for new chain integration

Since the integration of new chain, there will be enormous amount of swapping activities happened across THORChain network. During the swapping activity THORChain itself will be benefit as the chain will collect fee from swappers. Then the fees collected from swappers will then distributed as yield to the liquidators who providing liquidity in THORChain pool.

It attracts more users to get involved in THORChain network, with decentralized network more and more swappers will then be attracted to the network and contribute to the earning or profit of the chain itself.

From the graph below, we can see than the total amount of fee collected from new chains are increase as day goes on. It serves as a positive indicate to a healthy chain growth.

With new chain integrated, we are also expecting an increase in helping THORChain to boost the total number of swapping transaction per day.

However, it seems like the selection for this combination of new chains does not boost the number of count for swapping transactions. There is a record of decrease in total amount of swap transactions on the first 2 days (2nd & 3rd June 2021) of new chain launching.

But but.. it did rebounce and a skyrocket increment in the total amount of swap transactions on the 3rd day of the new chain integration until the next week.

The chart below showing the amount of RUNE added into the new chain pool initially. Locking the value of RUNE as a result of this event.

The chart below showing the comparison of overall add liquidity action transactions volume vs the new chain add liquidity action transactions volume.

We are able to see that there is less significant of contribution of new chain to the liquidity action segment of this analysis. As the number of transactions adding liquidity to the respective pool (new chain) is only a little.

Then we are getting the percentage of new chain affect on the overall liquidity events on THORChain network. On the first week there is less interaction of new chain liquidity. Until the second week, there is a sudden surge in the percentage of new chain in liquidity events. The peak has registered that almost 9% coverage achieved by new chain by comparing with entire pools liquidity events on THORChain network.

With the pairing of native assets with native $RUNE on THORChain. We wish to see how the $RUNE amount being interacted with the native assets in new chain.

It is indeed impressive that within 2 weeks time the total value of RUNE added into the new chain pool has exceeded 5 Million dollars. Not only that, the total amount added is continuously added to the pools.

We are excited to see such data obtained. It shows the strength of THORChain integrating new chains into the network can be strengthening the chain itself by increasing the total value locked in liquidity pools.