Try Quests to earn crypto15. [Hard] On-ramping
This dashboard looks at the breakdown of new THORChain users by blockchain and by pool. THORChain is a protocol that allows for the swapping of assets from one blockchain for assets from another. This is done through the swapping of the users asset for THORChains native token RUNE, and the user then swapping RUNE for their desired asset. Users currently are on-ramping from the Bitcoin Cash, Bitcoin, Binance, Ethereum and Litecoin blockchains. The most popular blockchain thus far for THORChain users to on-ramp from is the Binance blockchain. This could be due in part to it's relative popularity but also its much lower fees compared to blockchains like Ethereum. Bitcoin and Ethereum have a very similar amount of users on-ramping from each, at 1611 and 1570 respectively. Both of the graphs in this dashboard use a logarithmic y-axis due to the large discrepancies in the different x-axis categories. After looking at the number of users from each blockchain, we can narrow our view further to which specific pools are the most popular for users to interact with on their first THORChain transaction. Of course after looking at the breakdown by blockchain, we already know that the Binance pools will be by far the most popular as most users onboard from Binance. The most popular pool is the BNB, or Binance coin pool, meaning that most users start using THORChain by depositing BNB and swapping it for RUNE. The second most popular pool is the BTCB pool, which is a coin on the Binance blockchain pegged to the price of Bitcoin. The least popular pool to onramp with is the SUSHI pool, with only 6 users opting to start using THORChain by depositing SUSHI.