Swaps to $THOR

    In this dashboard, we will analyze the swap to $THOR volume post $THOR staking yield enabled on May 4th.

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    First, let's take a look about how the price of $THOR reacted to the staking yield enablement announcement. On May 4th, we can see a jump of 37.7% for $THOR price in USD from $0.81 to $1.11 despite $RUNE barely moving.

    We could see that swap volume on May 4th is the highest and it has dropped from there. Over 1.2M USD was swapped to $THOR on that day.

    We can also see that the total liquidity in $THOR pool on THORChain has been decreasing and despite the staking yield announcement, the total liquidity has been decreasing.

    In conclusion, the announcement of $THOR staking yield has seen an increase in swap to $THOR volume especially on May 4th. Price action was also reflected by the announcement with the 37% price increase but liquidity in $THOR pool balance decreases.