Methodology

1. Get the net Synth Amount for each chain and each asset.
2. Find the Synth Mint and Burn comparison.
3. Get the cumulative sum of net Synth assets and find the pattern if any.

Show the net synth amounts (mints - burns) for each chain and each asset?

This table shows all of the Synth asset's detail sorted by the net amount USD.

For more insight, we will discuss in the next section.

The ThorChain contains a total of 27 Synth Assets, which we will explore in this research.

The first chart depicts ThorChain's Net Synth value in USD. The second figure displays ThorChain's Net Mint and Burn amounts in USD, as well as the total number of transactions.

As we can see, BUSD Synth has the most net asset value at 3.9 million USD, followed by BTC and USDC. The trend follows the same pattern as the other indicators.

The pie graphic depicts the percentage of net Synth amounts in USD, with BUSD accounting for the highest percentage at 56.4 percent of total. The top ten assets in terms of value in USD accounted for around 94% of total volume, while the other 17 assets accounted for less than 5% of total volume.

Are there any patterns?

To determine any trends, let us examine the cumulative net value of each Synth chain over time.

The charts depict the cumulative daily net Synth amount and transaction count.

There are numerous surges in the net amount over the period. The clearly significant rise occurs in mid-April for BSC.

Conclusion

• The ThorChain consists of a total of 27 Synth Assets, which we examined in this study.

• The most net amount in USD is BUSD Synth, followed by BTC and USDC.

• BUSD is the most popular currency, accounting for 56.4 percent of total.

• The top ten assets in terms of dollar value accounted for around 94% of total volume, while the other 17 assets accounted for less than 5% of total volume.

• Throughout the period, there are frequent increases in the net amount.

• For BSC, the clearly significant increase happens in mid-April.