Cross-chain Anchor

    Recently, Anchor Protocol went live on Avalanche network so now Avalanche users can benefit from the 19.5% APY on $UST deposited. In this dashboard, we will compare some important metrics of Anchor on Terra mainnet and Avalanche.

    Graph below shows the daily deposit to Anchor Earn on both Terra and Avalanche. We can see that Terra has much higher daily volume compared on Avalanche. This is to be expected as Terra is the main chain Anchor operating on.

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    Graph below shows the current TVL in Anchor Earn on both Terra vs Avalanche. We can see that both are in uptrend but at different scale. Terra is reaching 11B $UST while Avalanche reaching 80M %UST deposit. Both has shown massive growth since March 16th.

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    In term of transaction count, Terra massively outnumbered Avalanche but Avalanche is seeing an organic growth.

    Average deposit on Avalanche is much lower compared on Terra. This indicates that most of the users on Avalanche are small retail traders and whales on Avalanche has yet to use Anchor Protocol.

    In conclusion, Anchor Protocol on Terra has been growing rapidly and same goes for Terra. Once Anchor protocol goes mainstream on Avalanche, we will see massive growth of $UST adoption also.