Standardized TVL Over Time (1 Pool)
In this dashboard, we will take a look at the TVL (Total Value Locked) of TERRA.LUNA pool on THORChain. $LUNA is one of the most anticipated asset to be integrated on THORChain and the swap, add lp volume after the launch is the proof
First let's take a look at the liquidity of asset TVL for $LUNA pool. This means only $LUNA liquidity, NOT including $RUNE. Today, there's around 257k $LUNA in THORChain which worth around ~22M USD. This pool was launched just over a month ago. The TVL has decreased a bit as the price of $LUNA (and crypto market) has been quite bad as of recent.
The TVL is the remaining $LUNA token in the pool. Users can add or withdraw their $LUNA from the pool if they want. So, let's take a look at the add/withdraw of $LUNA. We can see that the highest add LP was on the second day after launch, with almost 86K $LUNA added in a single day.
Graph below shows the daily usage of TERRA.LUNA pool. We can see that the add liquidity count and unique swapper count has decrease steadily since a month ago. Swap count has been quite consistent.
Now, we want to see how well is liquidity in TERRA.LUNA pool so let's take a look at the usual TVL vs standardized TVL of TERRA.LUNA pool. Standardized TVL meaning the value of the liquidity in USD without the price volatility. For this standardized graph, we will assume that a $LUNA worth $88 every day while normal TVL will follow daily average price of $LUNA. We can see that on standardized TVL, the line was a bit smoother compared to normal TVL. The price action of $LUNA has been quite erratic in the past week or two due to various macro problems and bleeding $BTC.
$LUNA TVL has been quite explosive after the launch however the growth has slow down as of late. However, $LUNA pool is currently ranked 4th, after BTC, ETH and BUSD pool despite being much much younger that all 3. Those 3 pools are among the earliest pools created and took years to reach that much liquidity but TERRA.LUNA crossed 40M USD mark just 35 days. If we were to combine LUNA and UST pools, that combined pool would sit in second place; with 10M less that BTC pool.