Network Shutdown

    THORChain was halted from 11/12 - 11/17 and re-started on 11/18. What behavior has been seen since the network re-started? Are people removing liquidity and / or swapping their RUNE for other tokens? How does this flow of activity compare to the days before the network halt? Are there commonalities among the users pulling out of the ecosystem (e.g. have they only recently been involved with THORChain? Do they hold any $THOR / $XRUNE / $VRUNE)?

    What caused the THORChain network shutdown ?

    On 10th of November, THORChain entered a consensus halt. This happened because Nodes hit an exception and produced different states and The network stopped as it was designed to do. The bug that caused the shutdown was fixed in real time and the network came back online on 11/17.

    Thorchain metric analysis

    The graphs below show

    (1). Thorchain pools daily liquidity change

    (2). RUNE, THOR, XRUNE token prices

    (3). Daily number of swaps on THORChain

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    Conclusion

    (1). The Price of both RUNE and THOR have been decreasing in price since the network outage, but the price XRUNE has remained the same or greater in this time period.

    (2). THORChains liquidity pools decreased in size from 328M to 323.4M since the network outage.

    (3). When THORChain came back online the swap volume jumped back to a normal rate within a day of the shutdown.