The Path To Riches
Q199. Construct scenarios on cross Defi usage on Terra and how many wallets followed the suggested path
It is clear that the volume LUNA sent to CEXs experienced a dramatic oscillation over the period shown. The binance reached its peak in 2021, at 32.06312 M. In addition, November 2021 was the only period with a noticeable lower proportion of sending LUNA to CEXs daily.
It is clear that, although there were no wallet staking for LUNA in February and the majority of March, it recorded a high number, at well under 120.
From the figures, it can be concluded that in the first months there were no LUNA staking at all, while it peaked at over 300K, in April 4 2022. As well, it experienced a sharp decrease in next days.
From the statistics, it can be inferred that the volume of LUNA transferred from CEXs jumped to 36.2301M in December 20 2021. Although, figures have been higher for binance over the period shown.
As can be seen from the graph the binance is account for receiving the most proportion of LUNA transferred, at 60%. Furthermore, sharing LUNA to different CEXs fell by even lower than 3.03% to gate.io.
As can be concluded from the graph LUNA transferred from binance and kucoin higher than other CEXs, at 59.9% and 21.6%, respectively. Additionally, bithumb and huobi for transferring the LUNA are tend to fairly similar, at approximately 5%.
It is clear from the bar chart that the number of wallets that LUNA to borrowed ever currency registered a significant fluctuation over the period shown. Additionally, it jumped to just over 90K in April 2022.