THORChain: Approaching Valhalla

Key Insights

• THORChain’s TVL has reached an all-time-high (ATH) of $1 billion, with nearly $500 million in its liquidity pools.
• Total swap volume reached an ATH of $2 billion in March and is projected to set a new record in April due to LUNA and UST popularity.
• In less than three weeks after integrating Terra, $90 million in UST and LUNA has accumulated in liquidity pools, with an average APY of 44% and 18%, respectively, since launch.
• Since the start of the year, the top assets on the network have all averaged double-digit APYs: BTC 18%, BNB 40%, ETH 20%, and BUSD 20%.
• A 3% migration of UST off of Anchor and a 5% migration of wrapped BTC off of Ethereum and onto THORChain would increase the deterministic price of RUNE by nearly 500% from current levels.
• Synths have been activated onto the network, representing 24% of total network volume in the last month.