aUST analysis. aUST is the wrapped Anchor UST token… | by Adria Parcerisas Albés

aUST is the wrapped Anchor UST token, an ERC20 aUST token on Ethereum with which Users can deposit wrapped UST to their EthAnchor Account Contract. It is beneficial for UST Terra based ecosystem and we are gonna try to explain and demonstrate why.

To do so, we are gonna elaborate an analysis about aUST token inside Ethereum network. First of all, we have a table with basic information: daily active users, daily transactions and daily volume moved.

On the other hand, I have plotted as well the daily transactions versus daily volume moved. As we can see, even though daily transactions remain constant as stated before, the volume tends to make some spikes during the last month, being more important during the last days and adding more volume to the network.

Finally, I would like to analyze the usage of aUST in Abracadabra.money platform. In fact, the analysis was done per volume moved. The result is shown in the below chart, where we can see that the dynamic is positive and we can observe something like in the previous chart, the volume has some important spikes.

To conclude, we can say that, despite the fact that aUST is not well known, and even less in the users that operate in Ethereum network, we can say that it is starting to be used, and seeing the volume in the last days, we can say that people are starting to see the usefulness of the token. For Terra ecosystem, this could be very positive and could be the key to entering a significant amount of volume as it would come to see a connection between the Ethereum network and the Terra network. It would be the key to the connection between the two and to bring many Ethereum investors into Terra.