THORChain RUNE

1. Summary

Ranks

Liquidity

99

Developer

-

Social

98

Momentum (beta)

22

Stack Rank™

-

Price

$4.67 +4.1%

Market Cap

$1.57B (#52)

Supply

336.05M / 413.32M

Tags

Exchange-based Tokens Decentralized Exchange Token (DEX) DeFi Infrastructure Cosmos Ecosystem BNB Chain Ecosystem Decentralized Exchange (DEX) Bridge Governance Tokens Multicoin Capital Portfolio Proof of Stake (PoS)

More Metrics

Price
52W High price	$10.62
52W High date	14th Mar 2024 (4 months ago)
All Time High (ATH) Date	19th May 2021 (3 years ago)
ATH Price	$20.87
% From ATH	-80.33%
All Time Low (ATL) Date	28th Sep 2019 (4 years ago)
ATL Price	$0.008512640000
% From ATL	48118.94%

Supply & Trading Volume
Trading Volume (24h)	$281.00M
Total Supply	413.32M
Max Supply	500.00M
Circulating Supply	336.05M

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Description

THORChain is a decentralized, chain-agnostic bridging protocol designed for trustless and secure value-transfer connections across multiple blockchain networks. This protocol enables users to instantly swap any asset at fair market prices while maintaining deep liquidity. Token holders can stake any asset to earn liquidity fees.

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THORChain is a decentralized, chain-agnostic bridging protocol designed for trustless and secure value-transfer connections across multiple blockchain networks. This protocol enables users to instantly swap any asset at fair market prices while maintaining deep liquidity. Token holders can stake any asset to earn liquidity fees.

Key Features

Native Cross-Chain Swaps: THORChain allows for direct, non-custodial, and native-to-native asset swaps across different blockchain networks (e.g., Bitcoin to Ethereum).

No Wrapped Assets: THORChain operates directly with native assets, dispensing with the need for wrapped or pegged tokens.

Decentralized Liquidity Pools: The protocol features continuous liquidity pools, coordinating liquidity providers and node operators to ensure efficiency and security.

Liquidity Synths: THORChain uses a hybrid collateralized-pegged asset design, enabling fast and low-fee swaps between Layer 1 pools.

Distributed Governance: Users can vote using their liquidity for the pools they want to be active, ensuring that the most liquid pools are prioritised.

Security: THORChain maintains robust security through twice-as-many RUNE being bonded by Node Operators as there is RUNE pooled.

Components

RUNE Token: THORChain's native token, used for network participation, swap fees, governance, network security, and incentive distribution.

Node Operators: Validators that are economically incentivized to work within the network's best interest, ensuring security and stability.

Liquidity Providers: Entities that deposit assets into pools, earning fees and incentivizing continued liquidity.

Incentive Pendulum: Rewards liquidity providers and node operators to maintain a target network security ratio, ensuring funds are always secured.

Swap Queue: Orders swaps based on price impact, minimizing potential attacks on the network.

Functionalities

Swap: THORChain allows users to exchange assets across different chains.

Save: Users can deposit assets and earn rewards.

Lend: THORChain enables lending and borrowing between different chains.

Ecosystem

Developers: Developers can create innovative front-ends integrating with THORChain and monetize their efforts through affiliate fees.

Network Upgrades: The protocol supports asynchronous upgrades, allowing validators to upgrade to new versions without disrupting consensus.

Foundational Principles

THORChain focuses on decentralization, resistance to capture, and sustainability.

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