Try Quests to earn cryptoInitial swap volumes of LUNA and UST
This dashboard attempts to compare the swap volumes of LUNA ,UST, and DOGE tokens in their pools for the initial three days of their integration.
Introduction
The term "swap" refers to swapping one cryptocurrency for the equal value of another. The tokens that are exchanged for some other coins in the terra ecosystem mark a swap.The Most popular tokens in the terra ecosystem are the LUNA and UST which are swapped the most by volume and count.
Methodology
The algorithm here compares the swap volume of three coins: DOGE, LUNA, UST in the terra ecosystem where the initial three swaps are accounted. To bring unity, the swap volume is accounted for in USD value. The Thorchain datasets are used to retrieve the necessary data.
The chart of the initial swap volumes is accounted for here.This includes 9 rows with three rows as a set corresponding to each token as mentioned in the question.
The swap volume of the three tokens is charted here. It shows that UST is the most swapped token among the three. This may be because of the stability of the token when compared with other tokens.The first three swap transactions are counted to get this volume.
The area chart of comparison shows the volume range of each token.The UST token has a high swap volume reaching almost 8.3 M of the volume .
Conclusion
Terra Station's swap capability gives users access to the Terra protocol's mint/burn function. Users can mint Luna from Terra that has been burnt, or vice versa. Swaps between different Terra stablecoin denominations are also done via the market swap.