Observations

Overall

1. We're seeing similar levels of Synth usage for both mints and burns.
2. There is an uptick in the number of mints and burns in April.
3. For both mints and burns, the increase is similar.
4. 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.

Assets minted/burnt

5. 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.
6. 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.

Conclusion

The top assets minted and burn tend to follow a similar pattern. With the release of the Terra integration, we're see increased usage of number of mints/burns.