Forms of RUNE

Rune currently exists on Ethereum and BNB blockchains as well as the native RUNE on THORChain. Using the THORChain bridge, these forms of RUNE can be upgraded to native RUNE.

Analysis

BNB RUNE is the most popular non-native RUNE

Until the time of writing, almost 100M of BNB RUNE has been upgraded to native-RUNE while the the only ~4M ETH RUNE has been upgraded.

RUNE upgrades peaked in JUNE

The biggest upgrades in RUNE came in JUNE when ~25M RUNE worth almost 250M USD was upgraded in the week of June 13, 2021. 98% of this RUNE came from Binance Chain!

ETH RUNE saw its peak last week (week of October 17th) with almost 1.5M RUNE worth 12M USD being upgraded.

The top RUNE upgrader has brought over 30M RUNE from Binance Chain

• All the top upgraders brought over RUNE from Binance Chain
• The biggest whale upgraded nearly 30M RUNE!
• Comparatively, no other whale has brought over more than 5M RUNE.

Conclusion

1. Binance Chain dominates RUNE upgrades by nearly 25x
2. RUNE upgrade whale dominates by nearly 6x
3. Upgrades peaked in June