Conclusion:

From the above graphs, it is clear that there is no significant impact on the Transaction Volume and Total Value Locked (TVL) measures for the existing Mirror assets, when a new Mirror Asset is getting onboarded to the Terra ecosystem.

The below bar chart shows the TVL for the Mirror asset pairs in the recent few days.

let us see how the transaction volume of existing mirror assets behaves, while introducing a new Mirror asset on Terra network

Mirror assets (termed as mAssets) will track the price of U.S.-based equities in the real stock market, using an oracle system that’s able to check prices every six seconds.

Mirror is an yield platform on Terra Ecosystem, which facilitates users to create Synthetic assets that track the price of real world assets. Also, Users will be able to mint or burn or purchase Synthetic assets and Stake Liquidity tokens.

The below chart represents the Transaction volume of Mirror assets in the past 6 months from January -July 2021