57 [THOR] Synth Utilization
Methodology
In this analysis, I'm looking at the synths utilization over time. To calculate the synth utilization, I calculated the minted Synth Amount / Total liquidity in the pool (Rune Liquidity + Asset Liquidity).
Observations
- Synth adoption has gotten off to a slow start with less than 5% utilization in March,
- Starting in April, we're starting to see increased utilization with stablecoins (DAI, USDT and USDC) seeing 5%+ usage.
- FOX and SNX also saw increased utilization for a couple of days.
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