rilez04
124 - Anchoring LUNA
Dec 29, 2021 - Over the past year, there is one obvious period of time that sticks out for Anchor liquidations and that is during the May 2021 crash. Based on the chart below, it is clear to see that there are spikes in liquidations as the price of Luna drops. While the large drop in May is the most obvious, other drops like September 7, September 20th, and December 4th show that there is a positive correlation between large drops in the price of Luna and the number of liquidations.
28. [Easy] Price Correlation
Dec 13, 2021 - The task here is to find out if there is a price correlation between $RUNE, $XRUNE, and $THOR. I started by creating a logarithmic chart comparing the average price of each asset. From looking at the chart, it's easy to see that there is some sort of positive correlation between the prices of the assets over time. The only time where it is visually obvious that there was a negative correlation was right at launch of $THOR between $THOR and $XRUNE. This likely is because there was a large dip before the $THOR launch in $XRUNE because users were selling it to purchase $THOR and the announcement of the new THORStarter allocation levels. To validate this, I used the correlation function and found that $RUNE/$XRUNE had a correlation of .459, $RUNE/$THOR had a correlation of .960, and $THOR/$XRUNE had a correlation of .567. This shows that while all 3 are positively correlated, $RUNE/$THOR had the highest correlation. When removing the summer months where THORChain was down and the price was consistent around $4.6, the correlation of $RUNE/$XRUNE jumps to around .819. Overall, all 3 assets are highly correlated with each other.
26. [Hard] Network Load
Dec 5, 2021 - The highest number of swaps in a minute was a total of 75 which happened on 10/22/2021. There were 3 other minutes that had more than 60 swaps. The top 10 minutes in terms of total transactions are shown in the first table below. Below the table, there is a chart showing the most swaps in a minute per day. As shown in the table, the two highest number of swaps in a day are on 10/22/2021 and 7/14/2021. The majority of the highest swaps in a minute are happening since the network resumed activity for all chains.
25 - Same-Chain Swaps
Dec 5, 2021 - 59.5% of all swaps that have happened on THORChain have been on the same blockchain. Most swaps have two different transactions - one transaction for the asset being traded in and one transaction for the asset that is to be received. The time where there is only one transaction is when THOR.RUNE is one of the assets being traded for. When looking at the thorchain.swaps table, any swap that only has one transaction should be considered a cross-chain swap. This is because an address is trading THOR.RUNE for another asset, or trading an asset for THOR.RUNE. If the thorchain.swaps table has more than one transaction for a swap (the tx_id is listed more than once), then it can be considered a swap for two non-THOR.RUNE assets. When comparing the blockchain of each record in the transaction, there were 365,301 different swaps that had only one blockchain so these are considered same-chain swaps. Since there are 248,260 cross-chain swaps, this means that 59.5% of all swaps happen on the same chain and 40.5% of the swaps are cross-chain.
19. [Easy] Whale Activity
Nov 16, 2021 - When looking at the swaps and transfers that have happened with native Rune, there are 743 total address that currently have over 10,000 native Rune. Instead of only looking at the transfers, I also looked into the swaps that happened. I took the total Rune per address that was added in transfers and added the total rune that was swapped for. I then subtracted the rune that was sold during a swap and any transfers away from these addresses. This ended with a total of 743 different addresses that currently hold a total of at least 10,000 THOR.RUNE. Of those 743 addresses, there are 208 distinct addresses that are currently providing liquidity with each address contributing on average to 2.3 pools. From these 208 addresses, there are a total of 479 current LP contributions. When looking at which pools are most targeted by the whales, the top pool is ETH.THOR with 92 whales contributing liquidity. This is one of the most recent pools created and has had a high APY% since the recent $THOR IDO. The next two largest are the Ethereum and Bitcoin pools with 60 whales providing liquidity for each pool.
123 - Anchor Borrows and Deposits
Dec 31, 2021 - How have the average and total borrows and deposits on Anchor changed over time? Over time, it's clear that the number of borrows and deposits have both grown as well as the average size of each borrow and deposit. The two charts below exclude any data before March 21st, 2021 due an outlier where a large amount was deposited. The first chart below shows the total number of deposits (red) and borrows (blue) over time. There are some days where the number of daily borrows or deposits jumps, but on average there has been a steady increase of daily borrows and deposits. The bottom chart shows the average amount borrowed and deposited per day. The increase in average amounts are not as large as the increases from the first chart, but it is still clear that the average deposit amount and the average borrow amount are growing over time.
125 - Anchor Users
Dec 29, 2021 - 23486 new users in the past 30 days. Of those new users, 12471 of them had multiple transactions in the past 30 days which could be considered as active participants. The chart below shows that the majority of these new active participants have been depositing with the next highest activity being borrowing.