Introduction

Users of THORChain will have the ability to trade assets between networks thanks to the utilization of liquidity pools on a variety of blockchains, including the Binance Smart Chain, Ethereum, Dogecoin, and Bitcoin. On the exchange, synthetic assets can also be traded if necessary (tokenized derivatives that mimic the value of other assets).

Method

In the current dashboard I used flipside_prod_db.thorchain.swaps to find daily count of unique users, count of transactions swaps an amount of volume swaps to evaluate and compare behavior of USDC swappers with BUSD swappers as results shown in the following.

Analysis

In the following chart the daily count of unique users and amount of swap volume for each are shown.

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**Q108. Compare the behavior of USDC swappers with BUSD swappers. \n **

1. What is their volume and swap rate?
2. Do those results change if you only include synthetics?

In the observed PIE charts the count of unique users swaps are shown.

• According to those, count of unique users that indicate swappers for each, on USDC swappers, The ETH/USDC have had most number with more than 151 users that followed by THOR.RUNE with more than.
• and this for BUSD was belongs to BNB/BUSD and THOR.RUNE by 101 and 187 respectively

In the observed PIE charts the amount of volume swaps are shown.

• According to those, total amount of swap volume for each, on USDC swappers, The THOR.RUNE have had most volume with more than 1.16B that followed by BTC/BTC with more than 265M.
• and this for BUSD was belongs to THOR.RUNE and BNB.BUSD by 1.13B and 254m respectively

Conclusion

Look at the Stablecoin Swappers on this dashboard for further information. We were the ones who paid, and as a result had the most swaps from USDC and BUSD. It was on April 4, 2022, and users reported that March 21, 2022 was the day with the highest amount of USDC and BUSD transactions. In terms of proportion, BUSD accounts for approximately 90 percent of the volume. Additionally, USDC accounted for around 10% of the volume. An investigation of user behavior revealed that USDC was also present on March 30, and the most token that users converted was RUNE, accounting for more than 53 percent of the total. According to BUSD, the most significant trade took place on March 30, 2022. The majority of the tokens that were traded were RUNE, which accounted for around 45 percent of the total. When these two are compared, approximately 69 percent of swaps were for BUSD. It was somewhere around thirty percent for USDC, and The rate has also increased, which is another way to say that it has increased. We have transitioned from BUSD to USDC in terms of the number of unique users and volume swapped.