THORChain Average Swap Size

    1. Objective

    To find the average swap size of each swap on THORChain. In this dashboard, we will go through all the various swap averages starting from time-grouped averages to averages grouped by chain and pool type.

    3. Time-grouped Averages

    This section presents THORChain swap averages grouped by day, week, and month. The graphs are presented below and are done to see if there will be changes in the swap average depending on the period under review.

    2. All Time Swap Average

    Before we break down swap averages, let us look at the all-time swap average amount at a glance. We can see below that the overall average is USD 2,299+.

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    The pattern across the above graphs are the same except for differences in granularity. We can see a steady increase in average swap volume from USD 1,000 to USD 2,300+ until the pause. However, momentum has since been regained with average swap amounts hovering around USD 3,000.

    4. Swap Average by Categories

    Next, let us group THORChain swap averages by categories. The categories are chain type and pool. The chain represents the blockchain from which the swap is being performed, and the pool refers to the liquidity pool facilitating the swap.

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    Ranking THORChain average swap amounts by blockchain, BTC takes the number 1 spot with an average swap size of 11,986 USD, followed by Ethereum with 9,241 USD, THORChain (5,094 USD), BNB (1,401 USD), BCH (1,315 USD), and LTC (1,139 USD).

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    Similarly, the average THORChain swap amount by the pool is presented by the graph below. The top 5 pools with the highest average swap amounts are FOX, THOR, BTC, ETH, XRUNE, and YFI pools, all of which, except BTC are Ethereum based pools.

    5. Final Thoughts

    The average swap size on THORChain is steadily increasing with time. The most interesting find was the average swap size by chain type. The high average swap sizes of BTC and ETH chains show that THORChain users from these chains hold relatively larger bags than other chains. THORChain will do good by marketing its utility to BTC and Ethereum users.