Impact of Terra integration on new wallets created

    Q67. Show the daily number of new Thorchain wallets created in the 10 days prior to and after the integration of LUNA and UST.

    What is Thorchain?

    Thorchain is a blockchain that connects different blockchains through its platform called thorswap.

    As we know, Thorchain supports a lot of liquidity pools. This platform added Terra network to its platform on March 24. From that date, users can trade with this network.

    Now let's look at the number of wallets that were added to the platform after May 24. Has this number increased? Is there any significant change?In the first chart, we see that there are two time periods, one after March 24 and one before March 24. We see that the number of new users in this platform has grown a lot after March 24.

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    As we have seen, the number of new users on this platform has almost doubled Let's look at whether all of these people who recently made the transaction belong to the Terra network As we can see in the chart below, the vertical axis is the origin of the transaction and the horizontal axis is the destination of the transactions performed on this platform.As we have seen, the largest number of people are related to the Tera network that have just been added to this platform

    But once again, let's look at the origin and destination of transactions based on their volume and see which network most of the volume of transactions of people who have just been added to this platform belongs to. As we have seen, Bitcoin has the largest volume in terms of volume, but it has the largest number of people in terms of the number of information networks.

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    But most of the traded volume is related to the blockchain of bitcoin and thorchain As we can see, the Terra network has a small percentage of new users in terms of volume, which means that most of the people who traded with Terra on the night after May 24 were small people.

    Let's look at other interesting parameters and see which liquidity pools were most used by new users.

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    In the chart below, we see the share of each pool in the number of people who traded in it. terra-ust pool had the highest percentage with 13%

    Now let's take a look at the people who have just been added to this platform. The following charts show the behavior of new people.In the above four, we examined the number of people and their transaction volume based on the origin and destination of the transaction, but let's examine this parameter based on its network. The chart below shows the number of people who recently traded on this platform based on their network As we can see, the number and percentage of people who used the bnb blockchain is the same as the people who used the terra and thor blockchain.

    And another look at whether new people continued their transactions on this platform or not, the following category shows that 96% of people did only one transaction on this platform and the remaining 4% had more than two transactions.

    What we learned

    First, the number of new users almost doubled after March 24. These users have mostly traded on the Tera network

    But in terms of transaction volume, Bitcoin and thorchain networks had the largest volume. Terra had the largest liquidity pool.

    We also noticed that most users did not have a single transaction on this platform