THORChain - Swaps to $THOR

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?

$THOR Staking 2.0 ($vTHOR) Staking & Migration Guide

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$vTHOR token:
- Stake $THOR tokens to receive $vTHOR tokens, a composable and transferrable representation of your staked $THOR position.
Additional Staking Rewards:
- Legacy Staking Rewards came purely from emissions of the Community Incentives. Staking 2.0 Rewards are a culmination of Community Incentives emissions plus 75% of all THORSwap revenues.
Auto-compounding Staking Rewards:
- Staking 2.0 now features automatic compounding — your staking position will receive daily rewards and auto-compound without any user action. You no longer need to repeatedly claim and re-deposit, saving you gas and helping you to earn more rewards.
Trading Discounts:
- THORSwap users holding $vTHOR will be entitled to Exchange Fee discounts. To celebrate the launch of $vTHOR, for a limited time, THORSwap Exchange Fees will be 100% waived for everyone staking $THOR + holding any amount of $vTHOR!

Description of work:

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

1 ---> Did we see a spike of swaps to $THOR around that time?

In this section, we review all swaps to $ THOR from May 2th to May 5th
We use the [thorchain.swaps] table and [to_asset like 'THOR']

According to the charts above, it can be seen that:

The number of swaps increased significantly on May 4th compared to May 3th,
Continues to increase on May 5th
Amount of THOR to swap for on May 4 increased
On May 3th, we see a decrease in the number of swaps to THOR

2 ---> Swaps to $ THOR since $THOR staking was enabled

In this section, we review all swaps to $ THOR since $THOR staking was enabled
We use the [thorchain.swaps] table and [to_asset like 'THOR']

According to the charts above, it can be seen that:
- Swap volume has been on the rise from May 4th to May 12th
- On May 12, we see the largest volume of swaps to $ THOR
- After May 12, the volume of swaps to $ THOR is decreasing

In the chart above you can see the Top 10 Initial asset to swap to $ THOR since $ THOR staking was enabled