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Overview

In this dashboard, I will answer this question from Flipside Crypto:

• Q104. Show the in + outflow from crypto.com to native wallets over time. Are there any trends?

Introduction

What is Thorchain ?

• Thorchain aims to decentralize cross-chain cryptocurrency liquidity via a network of public THORNodes and ecosystem products. Thorchain is a decentralized liquidity network by design, which enables much more than just swaps -- synthetics, composites and self-paying loans. Access to its native and cross-chain liquidity is open to any person, product or institution.

What is $RUNE Token ?

• RUNE is the asset which powers the THORChain ecosystem and provides the economic incentives for THORNodes validators in order to secure the network economically. THORNodes validators are rewarded with RUNE tokens for validating transactions that are happening on THORChain.

• THORNodes validators have to bond their own $RUNE capital to make is safe for Liquidity Providers to pool their assets in the THORChain network. For the network to operate in the optimal state of security, for each unit of pooled capital there are two units of bonded capital. For instance, if RUNE-BTC liquidity providers provided $1M worth of $RUNE and another $1M worth of $BTC onto the THORChain network, THORNodes validators would have to bond $2M worth of $RUNE by design.

• If THORNodes validators steal from their own vault, the mechanism is designed to slash 1.5X the amount stolen from their bonded tokens. They would end up losing more than they gained, which makes zero economic sense for them to steal.

• You can read here for more information

Method

• >I used the flipside_prod_db.thorchain.transfers table to answer this question and get this information according to the instructions.
• >With the CTE command, I found the RUNE volume output and input.
• >In the end, I subtracted them from each other and got the flow

Chart & Analyze;

Conclusions

1. Observations show that short-term uptrend that started on November 18, 2021 with an increase in input volume and continued until November 27.
2. The last transactions were made on December 31, 2021 and no transaction has been registered since then

Thank you for reading !

• The diagram above shows the RUNE volume of the input and output side by side.
• The chart shows a short-term uptrend that started on November 18, 2021 with an increase in input volume and continued until November 27.
• Since November 28, the volume of output has exceeded the volume of input, and ended the trend on November 30.
• The last transactions were made on December 31, 2021 and no transaction has been registered since then

• In the chart above, you can see that the input volumes have always been more than the output volumes, but since November 29, this issue has changed.