Q62. THORChain Chaosnet just hit its 1-year anniversary. Calculate the following metrics, comparing THORChain in its first 30 days vs the last 30 days: total number of swaps, volume of swaps (in USD), TVL, # of pools, # of chains. Feel free to add any other metrics you feel would be interesting / relevant.

Hint: use thorchain.swaps, thorchain.daily_pool_stats"

Liquidity/TVL

First 30 days, the most TVL was just over 60M USD across 13 pools and that number has grew almost 10x to 550M USD across 26 pools in one year. Liquidity is very important component of any DEX. Who would want to swap on low liquidity DEX because there will be very high slippage. In initial days, the most liquid pools are BTC.BTC at 19M USD and ETH.ETH at 14M USD and today the liquidity on both pools are 96M and 71M USD respectively.

Swap Count

Graph below shows the swap count done on THORChain network. On average, first 30 days on THORChain, there were only 1060 transaction per day while for the last 30 days, 10.8K swap transactions has been initiated. So the swap count has 10x-ed in 1 year.

Swap Volume

Next section shows the total swap volume transacted on THORChain denominated in USD. Since THORChain is a DEX, swap volume is a good metric to measure how DEXes protocol performed. For the first 30 days, the average daily swap volume was 2.5M USD while for the last 30 days, daily swap volume has averaged 82.9M. Swap volume has grew 33x in a year period which is very impressive. If this goes on, we will be able to overtake uniswap v3 in no time. Uniswap currently have daily swap volume of 500M+ USD.

Chains Supported on THORChain and Number of Assets available.

Initially, THORChain supports only 6 chains which are Bitcoin, Ethereum, Litecoin, Binance, Bitcoin Cash and including THORChain native support for $RUNE. Then recently this year, two different chains were added which are Doge and Terra network. At most, there was 13 pools for 13 different assets in first 30 days and today, that number is 26 pools with 26 different assets.

In conclusion, we have seen an unimaginable gains in the past year on THORChain. As illustrated below, according to CoinGecko, THORChain is now ranked 14th in most market share by swap volume. More updates are coming to THORChain, and I truly believe THORChain will become the centre in the multi-chain future.