Introduction

THORchain is a decentralized exchange built on the Cosmos blockchain. THORChain is popular for providing the possibility of cross-chain swaps.

Recently, RUNE, the native token of the THORChain network, has found a new application by the integration of synthetic assets to the network. Synthetic assets are the mimic of real assets. In THORChain, users can mint synthetic asset through liquidity pools with half RUNE and half underlying asset.

This dashboard provides an overview of minting and burning amount of synthetic assets by blockchains.

Analysis

The graph below shows the daily amount of net mint/burn over time.

As can be seen the positive net amount has occurred more frequently than the negative amounts.

The graph below shows the total net amount per blockchain.

As can be seen mint-burn on BNB chain is higher than the others. The net amount of THORChain is negative as for all liquidity users should burn RUNE.

The graph below shows the most popular synthetic assets in terms of mint-burn.

We can see that BNB/BUSD is the most popular one.

Conclusion

The data shows that BNB is the most popular blockchain for synthetic assets provided by THORChain.

BNB/BUSD, BTC, ETH/USDC are the most popular synthetic assets.

BNB has recently became more popular than BTC on THORChain.

The graph below shows the net amount over time. We can see the recent sharp growth of BNB.