$RUNE Price vs Swapping Volume
In this dashboard, we will investigate the relationship between $RUNE price and swapping volume on THORSwap.
Native $RUNE on THORChain has different price when compared to $RUNE trading in your Binance because those are non-native $RUNE. Graph below shows the price of native and ERC20 $RUNE against the daily swap volume on THORSwap. The swap volume includes queried for distinct transaction ID so double swaps between blockchains will be counted as one.
Let's dive a little bit deeper by comparing the native $RUNE price vs volume of assets swapped to $RUNE in $RUNE amount. From graph below, we can see that the volume of $RUNE swapped to increases when price of $RUNE decreases. Maybe more people loading on the dip.
In order to know whether the swaps is to other assets or to $RUNE only, we will use the graph below to visualize. We saw the highest swap volume (to $RUNE) yesterday with over 3.5M $RUNE was swapped to but only 15% of them were swapped to $RUNE while others were swapped to other assets.
In conclusion, we can see that there is or has been correlation between the $RUNE price and swap volume but there were also instance where both of them moved at different direction.