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    Burn, baby, burn

    Using at least two metrics of your choice (transaction speed, volume, price action, wealth concentration…possibilities abound), assess the market impact of the recent LUNA burn (see governance proposals 133 and 134, below). As well, make a data-driven forecast around how the resulting UST supply is likely to affect the Terra ecosystem (and the wider crypto space).

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    To realize this task, we will implement some basic metrics to be able to compare what's happening when burning is coming. The metrics that we will compare against LUNA burnings will be the number of daily transactions as well as the number of total swaps per day.

    Looking at this, we can see that there is no correlation between the burns and the transactions made in Terra. However, taking into account the total swaps on it, we can see that the results are different. We can see a small correlation between the total swaps and the LUNA burns.