Try Quests to earn cryptoNew User Onboarding
In this analysis, You will read about new user onboarding. We want to know When a new wallet gets created, where are they first getting their $RUNE? Is it from a direct transfer? Or from a centralized exchange? From a $RUNE upgrade from BNB.RUNE or ETH.RUNE? Or from a swap from another chain's asset to $RUNE? If it's a swap, which chain/asset are they coming from? Are there any trends over time you can see?
RUNE is a popular cryptocurrency that is available to purchase and trade on a large number of both centralized and decentralized exchange platforms. The most prominent of these are Binance (centralized) and SushiSwap (decentralized). As of February 2021, the vast majority of RUNE trading pairs are crypto/crypto pairs.
I Used thorchain.transfer_events table and with the Min function, I get the first movement of $Rune to a wallet. Then I extracted the address, Block id, and block timestamp to join another table.
- Upgrade: Used the Upgrade table and joined my finding to this chart with block id and timestamp.
- Cex: Used the transfer table and with website hints, I looked for transfers from Cypto.com and Binance wallets.
- Direct Transfer: Used the transfer table and matched and eliminated cex addresses and Flipside from this result.
- Flipside: Use Flipside address as from address.
- Swap: Used swap table and matched with the first result.
The total number of unique users that received Thor.Rune for the first rime is 47.5K wallets.
The below chart shows the total daily number of users that received Rune for the first time per funnel.
- As you can see most Rune transferred Directly.
- The second most popular way to receive Rune is by Swapping.
- The third way is by upgrading Rune from BNB and ETH blockchains to Thor Rune.
- I can see some activities from CEX recently in June.
Share of Users based on the funnel that received their Rune for the first time.
- 50.8% of users received their Rune from direct transfer for the first time.
- 30% of users received their Rune by swapping.
- 17% of users received their Rune by upgrading from other blockchains to Thor Rune.
- 1% of users received their Rune from Flipside.
- Under 1% of users received their Rune from CEXs.
The below chart shows the total daily number of users that received their Rune for the first time per Blockchains.
- It seems users received their first Rune from the BNB blockchain.
- When Luna classic was alive, In April most received from Terra blockchain.
- 48% of users received their Rune for the first time from BNB network.
- 17.6% of users received from THOR.
- 11.1% from Terra blockchain.
- 10% from Ethereum.
- The most popular token that users get their first Rune is BNB with 31% of users.
- 21% used BUSD to swap Rune for the first time.
- 10.4% from Tera stablecoin UST.
- Most popular way to get Rune for the first time was direct transfers.
- The second popular way was by swapping.
- Most Swaps were in the BNB blockchain.
- BNB and BUSD were the most popular asset to buy Rune.
Written By Hess
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