Introduction

Stake $THOR tokens to really get $vTHOR tokens, which are a modular and transferable snapshot of your staked $THOR holdings.THORSwap is gradually decentralizing into a community-owned protocol, with Chads like you receiving 65 percent of $THOR's total supply (airdrop+community incentives+public). We want to treat our community as first-class citizens, especially early backers, and liquidity sources, by rewarding them handsomely. Powered by THORChain, THORSwap is the premier multi-chain, decentralized exchange (DEX) platform. Permissionless, trustless, and non-custodial cross-chain swaps are possible.They can be visualized as:

Methodology

The swaps are taken into account to check the rate of swaps that happened in those days when the staking of the THOR tokens was enabled in the Thorchain ecosystem ie, on May 2,2022. Hence the amount swapped to the THOR asset as well as the transactions made for swapping are accounted to see how the data vary with time.

The table indicates the data of the swapping events that occurred in the mentioned asset in due time.

This chart displays the swapping transactions that happened for THOR assets in the ecosystem.Its clearly seen that the highest number of swaps occurred on May 19,2022 almost 17 days later than the enabling of the staking event. Now let us look into the amount swapped in the ecosystem.

The trend follows the same as in the case of the swapped amount into the THOR asset as the huge amounts are swapped in the week followed by the staking event. But it indicates that the staking of THOR on May 2,2022 brought the swap amount to a very high value in May2,2022.This can be attributed to the staking event of the THOR in the ecosystem.