The collapse of TerraUSD (UST) and LUNA sent shockwaves through the crypto market, leaving many scrambling for answers. What really happened, and who was responsible? Due to the major impact of UST losing its peg and the collapse of LUNA, Nansen, a blockchain analytics platform, delved into the on-chain data to discover what may have triggered this devastating event. There is an in-depth report now available.

Nansen Report Reveals On-Chain Activity Leading to UST Collapse

Friday morning, on-chain analytics firm Nansen released its in-depth report on the trading activity that led to the depegging of the stablecoin terraUSD (UST). The report meticulously analyzes on-chain data, revealing critical insights into the events that unfolded in the days and hours leading up to the depeg. This isn't just speculation; it's data-driven analysis of blockchain transactions.

Key Findings from the Nansen UST Collapse Report

The Nansen report provides a detailed timeline of events, identifying key players and transactions that contributed to the destabilization of UST. While assigning blame is complex, the report sheds light on the market dynamics and trading strategies employed during this period. Learn more about:

• The role of specific wallet addresses in initiating and accelerating the depeg.
• The size and frequency of UST withdrawals from Anchor Protocol.
• The impact of arbitrage opportunities on UST's stability.
• The flow of capital across different DeFi protocols.

Understanding the on-chain events detailed in the Nansen report is crucial for anyone involved in the cryptocurrency market, from retail investors to institutional traders. It offers valuable lessons about risk management, stablecoin mechanics, and the importance of transparency in decentralized finance.

Download and Read the Full Nansen Report

Stay informed and protect yourself from future market events. Access the complete Nansen report to gain a comprehensive understanding of the on-chain activity that led to the UST collapse.