THORChain Pool Depth

    In this dashboard, we will take a look at the pool depth in term of number of LP provider that currently has position in any pool.

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    If we see in term of number of LP provider that has at least 1 USD inside any pool, BNB.BUSD has the highest number of unique addresses, followed by BTC.BTC, ETH.XRUNE and then BNB.BNB. BNB.BUSD currently offers the highest APY and also highest swap volume/count among other pool so it is no brainer to see BUSD at top spot. BTC LP provider also can earn around 13% APY which is very high for a Proof of Work (PoW) token and risk-free as the impermanent loss is covered.

    However, if take a look at current liquidity in term of USD supplied, the highest liquidity is ETH.THOR, followed by BTC.BTC and then ETH.ETH. Currently, THORswap is having its governance token, $THOR IDO by distributing reward through this pool with a very high APY (578% when writing this) so no wonder we are seeing very high volume here.

    METHODOLOGY :

    I queried the sum of liquidity of both $RUNE and Asset (in USD) added by each address, and then minus by the amount that has been removed. From there, any address that are having at least 1 $USD worth in any pool is considered as LP provider.