Initial swap volumes of LUNA and UST

    Q66. Measure and compare the first three days of swap volumes of the following tokens: Doge, LUNA and UST

    Overview

    Let's measure and compare the first three days of swap volumes of above tokens on THORChain network.

    I want to start by introducing THORChain then, finding out the date of first swap of above coins by creating a table and some visual charts to see swap volumes of these tokens.

    Loading...

    THORChain

    THORChain is a decentralized liquidity network that observes incoming user deposits to vaults, executes their swap, add/remove liquidity and processes outbound transactions.

    Loading...

    As we can see on above table, cross-chain liquidity network THORChain has been enabled support for Dogecoin (DOGE) from 2022-01-17 and users had the ability to swap DOGE or earn yields on their DOGE holdings using THORSwap since that day.

    Here is the a chart showing the first 3 days of swap volumes of Doge.

    db_img

    3 Weeks after this tweet, on the March 26th LUNA token, along with the TerraUSD (UST) stablecoin went live on the THORChain ecosystem.

    Let's see the swap volume of them in the first 3 days of their activity.

    Loading...
    Loading...

    To Conclude

    By looking at the above charts of DOGE, LUNA and UST we see huge difference in amount especially between tokens of TERRA ecosystem and beloved Memecoin DOGE.

    Looking at the amount of swap volume of Doge, this coin has been swapped in amount of almost 248K in his first day but in the other hand LUNA and UST had 3.3M and 8.3M volume in the first days of their launch on THORChain network, so big difference but this is not a quit surprise because we're almost compering an entire ecosystem with just a token.

    Loading...

    Looks like UST had even bigger than a double size of swap volume compared to LUNA, native token of Terra ecosystem.

    Compering chart of Total Swap Volumes between Doge vs LUNA vs UST.

    TerraUSD (UST) stablecoin with 23.4M has the highest amount of volume.

    db_img