Barely 24hrs after THORChain synthetics feature known as THORSynths went live, a volume of approximately $7m has been reached.
The 24hr volume comprises 24hr synth mint and redeem actions.
This metric is observed on the THORSwap.
The top six synth assets by utilization are $DAI, $BUSD, $USDC, $BTC, $ETH and $BTCB indicating that Stable coins so far have taken the lead. Your guess is as good as ours.
THORChain has already given a hint of what is to come next- hardforks and then Luna flood gate.
Milestone update:
— THORChain #THORFI (@THORChain) March 11, 2022
Synths is Live.
Next week, Hardfork in Stagenet and Chaosnet.
Then $LUNA 🤝 $RUNE$RUNE $LUNA #LUNAIsComing #TerraKillsTheCaps
