What is THORChain?

THORChain is a decentralised liquidity network that aims to support cross-chain liquidity pools without pegged or wrapped tokens. The goal of THORChain is to serve as the backbone for numerous user interfaces while enabling non-custodial asset trading between various blockchains like Bitcoin, Ethereum, Dogecoin, Litecoin, and Bitcoin Cash.

Introduction

In this dashboard, we will look into the entities on THORChain. To begin, we will examine the monthly number of new unique entities participating in pooled validators. Next, we will look at the amount of RUNE and USD Volume bonded by week for each validator.

• The metrics above depicts the monthly number of new unique entities participating in pooled validators.
• As can be seen, there are new unique entity participating in pool THORChain validators every single month.
• Furthermore, March of 2022 saw the highest number of new entity with a total of 22 entities.
• The cumulative graphs shows that the number of new entity has been steadily increasing month after month.
• As of September 2022, there are a total of 192 entities.

Conclusion

1. Every month, a new distinct entity joins the pool of THORChain validators.
2. March 2022 had the most new entities, with a total of 22 entities.
3. Moreover, the largest amount of RUNE bonded occurred on the week of March 28th, with a total of over 14 million RUNE bonded.
4. There are a total of 192 entities as of September 2022.

• The graphs above shows the weekly amount of RUNE and USD Volume bonded for each validator.
• According to the graph above, we can see that from January to March 2022 had the largest amount of RUNE bonded on THORChain.
• During the week of March 28th, there was over 14 million RUNE or 160 million USD bonded, making the highest single week of RUNE bonded.
• However, the amount of RUNE bonded saw a huge decrease since June 2022.

Approach

1. Table used: flipside_prod_db.thorchain.bond_events, flipside_prod_db.thorchain.bond_actions
2. Monthly new entities calculation only accounts for validator’s first bonding transaction on THORChain. Therefore, there will be no duplication of wallets.