58 [THOR] Synth Mints + Burns
Observations
Overall
- We're seeing similar levels of Synth usage for both mints and burns.
- There is an uptick in the number of mints and burns in April.
- For both mints and burns, the increase is similar.
- The similar increase is likely because mints present a low gas-fee way for arbitrageurs to swap between assets without dealing with the complexity of each chain.
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Assets minted/burnt
- Now, if we look at the assets that were minted or burnt, we can see that BUSD has been the asset that's both been minted and burn more than other assets.
- Beginning Aprils 1st, we can see the mints and burns for Terra $UST and $LUNA. These are the new chains that increased the usage in Apri.
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