Over the last 3 months, MIR-UST has been the largest LP apart from the ones mentioned in the last paragraph. Beyond that it looks like a lot of the volume also comes from mAssets which is good to see since more volume on Mirror assets will help reduce the premium on their price we see regularly. That seems reasonable!

To summarise, in this dashboard we looked at different swaps on Terra through the last three months along with the various liquidity pools on Terraswap, their volumes and trends in the change of their volumes. It gave us some mathematical basing for how hyped the Anchor launch really was and also the sheer aftermath of the crash in LUNA prices resulting in the cascading liquidations on Anchor.

Okay, so this graph confirms a lot of our previous suppositions. There was a huge spike in the ANC-UST pool's activity along with the LUNA-UST on Anchor's launch (even in USD terms). The graph also shows us that a lot of ANC was probably bought and sold on the same day due to the volume of ANC-UST being so much higher than any other pool.

On average the LUNA-UST graph has the highest USD volume over the last few months. Moreover, during the crash in May, the LUNA-UST and LUNA-bLUNA pair have a large amount of activity proving our supposition that a lot of the volume that day was driven by liquidators selling from bLUNA to LUNA and then to UST.

Okay, now let's get rid of the really spikey spikes to get a better look at other pairs:

The first thing that jumps out to me here is the huge spike in ANC-UST and LUNA-UST pools for Anchor's launch. It looks like people were swapping out LUNA into UST and subsequently into Anchor. The second thing that stands out to me is that during the crash in May, the LUNA-UST pair saw the highest number of transactions of all pairs. This is because of the panic selling that ensued from the reflexivity of the crash. Another interesting thing to note is the high number of transactions in the bLUNA-LUNA pair caused due to liquidators on Anchor and liquidators dumping bLUNA to LUNA and then UST (thus, probably repeating the liquidation loop).

Now, let's look at the volumes in USD these pools are serving:

The most active swap pairs on Terra consistently feature the currencies we know to be the most used on the platform i.e. LUNA, UST, KRT, and MNT. It also seems like swap volumes since the crash have been significantly lower in the last month than they were in the 1-2 months before that. This is primarily due to two reasons:

1. A number of users leaving the ecosystem after a large crash due to losses both monetary and emotional.

2. The price of LUNA being lower causing lower swap volumes in USD terms.

All of this makes sense, let's now take a look at the liquidity pools that power these swaps in the next part of this dashboard.

Starting off with the daily transaction numbers for each of these pools:

A lot of the transactions on the top of the time-series are from KRT to another currency. This is largely because of how we are defining volume. The LUNA <-> UST pools seem large in the time-series above and I would expect them to be large. So our data isn't completely clear because of our definitions, let's move our volumes to USD i.e. if we swap A to B then we measure the volume as the USD value of B we got for A. This definition of volume in USD produces the chart below:

Let's start by using the terra.swaps table to look at how many swaps have happened for currency pairs over the last 3 months. The swaps we are looking at are directional, meaning, UST to LUNA and LUNA to UST are treated differently. The first chart below shows us the volume of swaps i.e. if we swapped A to B, what was the total amount of A that was swapped for B each day: