Date: 2022-05-23

Methods

• In this analysis I investigate the number of wallets using $THOR Staking 2.0
• Query data from ethereum.events_emitted and filter by 'to address' = 0x815C23eCA83261b6Ec689b60Cc4a58b54BC24D8D
• All data is from between May 4th, 2022 and May 23th, 2022

Overview

What is THORChain?

THORChain is a blockchain, based on Cosmos and Tendermint. It offers native swapping of assets between blockchains.

What is $THOR Staking 2.0 / $vTHOR?

Analysis

This analysis was created on 2022–05–23 for a bounty at Flipside Crypto by piper to answer the following questions:

THORChain - $THOR Staking Wallets: Q90. Since vTHOR and THOR Staking 2.0 was released in May, we’re interested in finding out more about how the community has embraced the staking rewards. How many unique wallets have staked $vTHOR? Chart this number over time.

All data used are from Flipside Crypto. Flipside Crypto

Thanks for reading!

Conclusion

• 1523 unique wallets were attracted by the new staking mechanism
• most wallets, more then 1000, staked in the first two days
• since then the interest decreases
• Maybe the usecase for $vTHOR is still missing

The graph above shows, that the interest in the new staking was very high in the first two days and decreased from then on.

In total, 1523 unique wallets were attracted sind May 4th till today by the new $THOR Staking!

Total number of unique wallets and unique wallets over time