Introduction

What is Thorchain?

Thorchain, which is built on the Cosmos blockchain, is a decentralized liquidity protocol that specializes in cross-chain connectivity. Thorchian allows traders to swap tokens between different networks. The native token of the Thorchain blockchian is RUNE all liquidity pools on Thorchain are RUNE - (L1 asset) pools. To be a validator on the Thorchain network a validator needs to post a bond of millions of dollars worth of RUNE. The value of the RUNE bonded by validators remains higher than the value of the assets held on the network to ensure aligned incentives with the liquidity providers.

What is crypto.com?

Crypto.com is a cryptocurrency exchange company based in Singapore. As of 2022, the company has 50 million customers and 4,000 employees. The platform's official Cryptocurrency is Cronos.

Methodology

• We will at the thorchain transactions executed by the Crypto.com wallet

• We are looking to find trends in these transactions over time

Crypto.com Thorchain wallet Metrics

Observations

• Crypto.com had net inflows of RUNE continusly from July 2021 to November 2021 and since then there have bee net outflows of RUNE.

• The weekly volume of RUNE transfered by crypto.com has been as high 1.4 million RUNE

Conclusion

The average size of a Crypto.com in transfer is less than 1/10 the size of an average Crypto.com out transfer. Crypto.com had net inflows of RUNE continuously from July 2021 to November 2021 and since then there have been net outflows of RUNE. The weekly volume of RUNE transferred by crypto.com has been 1.4 million RUNE.