47. THORChain: DOGE Debut

    DOGE was added to THORChain recently and in this dashboard, we will take a look at swap volume for the first 24 hours after DOGE was launched. We will also investigate the metrics for other popular pools on THORSwap.

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    For the first 24 hours, DOGE.DOGE has >268K USD in swap volume. (I used 24 hours since first swap transaction of DOGE pool) by 34 different wallet addresses.

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    84% of the swap in first 24 hours was from $DOGE to $RUNE while only 16% for $RUNE to $DOGE.

    Let's take a look at swap volume of first 24 hours for other popular pools on THORChain/THORSwap. By popular, we means those who had most swap volume for the year to date. The top 10 pools with most swaps this year are as follows;

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    Graph below shows the first 24 hours of swap volume for each popular pools as above. It seems that DOGE.DOGE has the highest first 24 hours swap volume followed by BEP $BTC and then ERC-20 $USDC while $LTC has the lowest first 24hours swap volume. (24 hours after first swap transactions recorded).

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    In conclusion, the first 24 hours swap volume is an important metrics to gauge how popular the demand for the network is. But compared to the initial chain like native BTC, native ETH or native BNB, which was launched on April last year, THORChain was much less known compared to today hence we're seeing much higher swap volume on recently supported chain like DOGE. BNB.BTCB has very high first 24 hour swap volume even though it was introduced few days after initial chain launched showing very high demand for that BEP2 $BTC.

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    The first swap tx for each top pools are as table below;