105 [THOR] L1 Deposit Rate

    Loading...

    Methodology

    I'm looking at the single-sided swaps from various L1s and excluding swaps that use RUNE as an intermediary.

    Observations

    1. BNB leads the L1s in the most amount of swaps to RUNE originating from there.
    2. Until May 2022, ETH was the second or third most popular L1 but in May, this stopped which is susprising given the low gas fees.
    3. Thorchain represents pretty highly after March 2022. This is the synths being burnt i.e. swapped to a different asset.
    1. Terra's life on Thorchain was pretty short lived. After Terra's crash, BNB has again acquired more than 70% share of the swaps.
    Loading...