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    Crypto-Cosmology, Part 1: Wormhole

    As Wormhole has added Terra support with the Columbus 5 upgrade, analyze the initial activity: how many users are engaging, what tokens are they receiving vs sending? Which destinations/sources are most popular? What is the adoption rate, i.e. how rapidly are users choosing to use Wormhole over the Terra-specific Bridge? Anything else you observe of interest?

    What is Wormhole?

    Wormhole is a message passing protocol that connects to multiple chains including Ethereum, Solana, Terra and Binance Smart Chain. currently users can send both tokens and NFTs from one of the supported blockchains to another using Wormhole

    Terra assets Wormhole flow Analysis

    The graphs below show

    (1). Daily Value in USD Going from Terra to Wormhole by Currency

    (2). Daily Value in USD Going from Wormhole to Terra by Currency

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    Terra Wormhole User Analysis

    The graphs below show

    (1). Number of Terra users on Wormhole

    (2). Top 10 Terra users on Wormhole

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    Conclusion

    (1). Since the launch of wormhole on terra, terra users have been constantly moving over $30 million from terra to other blockchain using wormhole.

    (2). Since the launch of wormhole over 1500 users have used wormhole to send assets from Terra to other blockchains.