Try Quests to earn crypto$RUNE the Bitcoin Rotation
Swap Volume in USD
Thorchain offers an innovative solution to swap non-native assets on different chains.
The success of Thorchain hinges entirely on use of RUNE Liquidity Pools.
We can measure this volume by measuring total swap volume in USD on thorchain.
The bar graph above illustrates the swap volume by chain over time and also includes a line for the price of $RUNE, the native asset on thorchain.
Findings
Thorchain swap volume has rocketed as high as $350M in both October and November. This marks a 35x incease from the average daily volume in September.
As expected, this has pushed the price of $RUNE to over $5.
As more volume and liquidity comes to Thorchain, the price of $RUNE will likely pump even higher as LP providers increase (buy pressure on RUNE).
It is also important to note how volume from Bitcoin and Ethereum continues to trend upwards on Thorchain. Ethereum and Bitcoin combined account for 27% percent of that volume.