Q105. Look at users swapping from native L1 assets to $RUNE. Are there any trends by chain or over time?

Careful, you'll have to exclude rows where they swap from one asset to another via $RUNE

Here is a sample query to help with that: https://app.flipsidecrypto.com/velocity/queries/41f0216e-bb0e-44f3-8078-34310134642b

What Is THORChain?

THORChain is an interoperable cross-chain solution that can seamlessly swap native assets across different blockchains in a decentralized, permissionless and trustless manner. It’s named after the hammer-wielding Norse god of thunder.

THORChain allows anyone to trade digital assets across disparate blockchains without wrapping or pegging them first. Wrapping a token is the technique whereby blockchains represent a cryptocurrency from another blockchain with a token and equate (or “peg”) it with the original. This allows the wrapped tokenz to be used on specific blockchains where they’re not native, which isn't possible with the original cryptocurrency. The wrapped or pegged asset can then be redeemed for the original cryptocurrency.

Like the Binance Chain, THORChain runs on its blockchain network, an application-specific, proof of stake (PoS) blockchain built over the Cosmos SDK and Tendermint software.

The THORchain protocol's core is composed of a network of nodes built with the Tendermint and Cosmos software development kit (SDK), making it possible for the THORchain blockchain to use composable modules, without starting one from scratch.

Thorchain network uses the Tendermint BFT model that allows it to reach consensus even when one-third of the nodes fail. This consensus mechanism plays a critical role, because the nodes have to work together to record transactions coming from other blockchains.

In the second part, we examine these indicators on a daily basis on this platform and see the volume of transactions, the number of transactions and the number of people who have finally reached the Rune token.

As we can see, most of the transactions are from the side of the BNB blockchain, and in terms of volume, they are from the Ethereum blockchain.