TerraSwap Dominance Analysis

    Let us see the top 5 TerraSwap pools ranked by swap volume on Terra ecosytem and list out the top 10 TerraSwap pools ranked by Total Value Locked (TVL).

    This graph will show the list of Top 10 Terraswap Pools listed by Total Value Locked (TVL) metric on Terra ecosystem.

    Below is the bar graph that shows the Top 5 Pools ranked by the Swap Volume on Terra network

    A trader can exchange their token for another token through Terraswap using the price determined by the liquidity pool ratio. Where as Liquidity Provider can add equal value of two assets to their corresponding Terraswap pair pool, which increases liquidity for the corresponding pair market while maintaining the pool price.

    In this process, liquidity providers are rewarded by newly minted LP tokens and they can also burn their LP tokens to withdraw their share from the pool.

    Terraswap is a Uniswap-inspired automated market maker (AMM) protocol implemented with smart contracts on the Terra blockchain, which enables a decentralized on-chain exchange for various assets involved in Terra ecosystem.

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