Try Quests to earn cryptoUST-LUNA Highway
This dashboard here provides a piece of clear-cut information about the minted UST and burned LUNA over a period as well as burned UST and minted LUNA of the same.
Introduction
Burning cryptocurrency is the act of removing tokens (also known as coins) from circulation, hence reducing the amount of coins in circulation. The tokens are transferred to a wallet address that may only be used to receive the coins and cannot be used for any other transactions. Minting is a step of the mining process. Minting cryptocurrency is the process of producing new currencies by verifying data, creating new blocks, and recording the data on the blockchain via a "proof of stake" protocol.
Methodology
This dashboard dives into the data of terra.swaps and see the amount of LUNA as well as UST that are minted per day and vice versa.It is clear that when LUNA is minted UST is burned and the other way round.Hence all those data are grouped on daily basis and charts are prepared to see the trend for the period of analysis.
The table of the burned Luna and Minted UST is displayed here for the same period of time and are grouped together.
LUNA coins that are burnt per day is displayed here.It is seen that the highest amount of the LUNA coins was burnt on November 11,2021 with 443M worth in USD.
The same period is also chosen here to see the created UST per day and as seen the highest amount of UST minted is on December 4,2021 worth 45 M in USD(a stable coin reference is not mandatory here). Now let us have a look at both the parameters and its trend as a whole.
The trend of both Minted UST and Burned LUNA for the same period of time is analyzed here.It is seen that there is a correlation between the two at certain points though too many variations are also seen.Now lets dive into the other part of the bounty which is Burnt UST and Minted LUNA.
This chart here displays the Minted LUNA tokens over a chosen period of time and it shows that the highest Mint happened on November 15,2021 which is worth 440 M in USD.
The burnt UST is also chosen here for the same period of minted LUNA and it is seen that the highest Burn happened was on December 5,2021 worth 47 M .
The table of the minted LUNA and burned UST is displayed here and is analyzed to see its trend in the lUNA-UST Highway.
The trend shown by the minted LUNA and burnt UST over the same period of time is imported here. It also charts that the burnt UST over time is higher than the Minted LUNA.
Conclusion and Inference
The important trend shown by this analysis is that both Burnt LUNA as well as Minted LUNA peak around the same period and vice versa for the case of BURNT UST and Minted.