What Is THORSwap?

• THORswap is a multi-chain DEX aggregator built on THORChain's cross-chain liquidity protocol and the #1 interface for all THORChain services like THORNames and synthetic assets.

• THORswap currently supports cross-chain L1 swaps between 20+ crypto assets across 5+ blockchains in a decentralized and non-custodial manner. Liquidity providers can also add liquidity to each underlying liquidity pool, allowing BTC holders to earn yield on native BTC (no wrapped or pegged BTC required).

Summary

• In the 4 may, Thorswap experience the most amount and number of swaps. Number of swaps was about 79 and Volume was about 1.3M.
• Before the starting $THOR staking, The most amount of swaps was 25 swaps in 26th April and after that in 4th May suddenly, experience 79 swaps to $THOR in a day. That was a spike.
• Before the starting $THOR staking, The most Voloume of $THOR swaps was about 525K in 2th May and after that in 4th May suddenly, experience 1.3M Vol in a day. That was a spike.
• It seems staking program for $THOR had positive effect for Volume and Number of trades of $THOR on the beginning days but this effect offset after some days. Actually this effect does not sustainable effect.

Queestion

Q100. On May 4th, $THOR staking was enabled that yielded rewards for stakers based on THORSwap volume. Did we see a spike of swaps to $THOR around that time? Has there been any noticeable change in $THOR swapping since that event?