Thorchain Pool Volume

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    The swap-volume data for the entire protocol is available in daily_pool_stats table.

    Two things to note about the above graph:

    • We can see organic growth in swap volume, with healthy response to market volatility and the mid-May crash.
    • Strong spike in swap volume since the protocol was re-enabled for the public. This is significant sign of the trust by its users. Moreover, this is a strong indication of users understanding the potential of the protocol.

    Checking the Swap volume by individual pool, a similar trend arises.

    Thorchain's first public facing product was BEPSWAP, and hence naturally, Binance chain users are probably the first and the most active users of the Protocol as we have seen in the Users dashboard
    This also means, most of the swap volume is concentrated on Binance chain assets.

    Moreover, we can once again see BTC and ETH being the most important non-Binance assets. BTC especially is important, as Thorswap acts as a trustless means to unlock the liquidity locked in BTC.

    BUSD is the most popular asset- once again confirming the thesis that stable coins are the spine of DeFi. Whales love stable coins. BUSD is probably the most used asset for farming purposes on Binance.