Luminosity function (LF) of observed transients in the Dragon galaxy (Fudamoto et al. 2025) compared with the expected LF (red dots). Error bars on the blue points are from Poisson statistics, and the drop in observed events at F200W ≈ 28 is from the limiting magnitude of the observations. The red points correspond to a randomly selected subsample of 180 000 luminous stars from the LMC. The expected LF is that of an LMC-like galaxy at z = 0.725 in a cosmology with h = 0.74 (Figure 3). The inset shows a zoomed-in portion of the lensed LF around the knee of the lensed TRGB with dark blue dots showing the LF for h = 0.68. The two vertical dashed lines mark the position of the knee for each cosmology.