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    THORChain: Impact of Adding New Chains/Tokens

    THORChain is still growing and soon enough we will see all our favorite chains being supported. In this dashboard, we will investigate how the introduction of new blockchain support (just like the most recent Doge chain) and new assets affects the wallet creation and transaction counts on THORSwap. Currently six blockchains are supported/connected to THORChain which are; Bitcoin, Ethereum, Binance Chain, Bitcoin Cash, Litecoin and Dogecoin.

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    For starter, let's see the timeline of all new assets/blockchain introductions. I used the date when first add liquidity transaction to that pool.

    Graph below shows the daily new wallet creation and total number of wallet created. This data was derived from the day where address receive transaction.

    Now we will take a look at the daily transaction count and see if there was any sudden movement of new wallet creation and tx transactions just after new chain/new asset introduced

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    In conclusion, we can see a sudden surge immediately (a day or two) after a new chain/assets. So with the new Dogecoin chain added, we will be expecting some surge in activities and new wallet creation.