$rune

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THORChain

All the latest news and key insights you need from THORChain

What Is THORChain?

1. What Is THORChain?

THORChain is a decentralized cross-chain liquidity protocol that allows users to swap native assets across different blockchains—like Bitcoin for Ethereum—without needing wrapped tokens or centralized intermediaries. Built on Cosmos SDK and powered by Tendermint, THORChain provides seamless and permissionless asset exchanges, solving blockchain interoperability in a decentralized, secure, and trustless way.

2. Why THORChain Was Created

THORChain was created to overcome the limitations of centralized exchanges and wrapped token bridges, which are prone to custodial risk, censorship, and security breaches. It solves the problem of cross-chain interoperability by enabling native asset-to-asset trading without reliance on third parties. This empowers users with full asset control while reducing friction in multi-chain DeFi transactions.

3. How THORChain Works

Users initiate a swap through a THORChain-integrated interface like ThorSwap or Asgardex.
The user sends their asset (e.g., BTC) to a secure THORChain-managed vault.
THORChain calculates the trade using pool prices and liquidity availability.
The desired asset (e.g., ETH) is sent directly to the user’s address.
Liquidity providers earn fees from the swap transaction.
Validator nodes bonded in RUNE manage the network and vaults.

4. Key Features of THORChain

Native cross-chain swaps without wrapping or bridging
Non-custodial and permissionless trading environment
Incentivized liquidity provisioning with yield rewards
ChaosNet: live decentralized mainnet with support for multiple chains
Impermanent loss protection for liquidity providers
Decentralized validator nodes ensure network security

5. Who Can Use THORChain?

Retail traders looking to swap assets across blockchains
DeFi users seeking decentralized liquidity and yield opportunities
Developers building cross-chain dApps or integrating swap functionality
Institutions managing multi-chain crypto portfolios
Advanced users operating validator nodes for rewards

6. What Is the $RUNE Token?

$RUNE is the native utility token of THORChain and plays a central role in the protocol’s economic and security model. It is paired with all assets in liquidity pools, used for network fees, and serves as the bonding mechanism for validator nodes. $RUNE also facilitates governance and incentivizes network participants, ensuring seamless swap routing and system stability.

Social Pulse

Bearish24%

Bullish76%

James Pound@JamesPound_

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@Ragnarok88123 @alexmrkozlov I don't like personally ZCash but we have to admit that the UI is very good and they understood that in order to thrive, they need Dex. Some XMR devcels are obstacling Thorchain integration and couldn't care less about having a serious DeX, with XMR only on sketchy swap services

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Adamm@adammmooo

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Why does @BiorVault stand out from the crowd? 👇 🔒 Full self-custody – your assets, your control 🌀 Cross-chain interoperability – BTC, XMR, ETH, THORChain, SeraiDEX, Chainflip 👁️ Privacy-first design – Monero at the core 💬 Chat + payments – send crypto while you talk $BYB 🔥

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Jose Garcia@Jose_HODL

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@unstoppablebyhs @THORChain @THORCommunity @zano_project Awesome … there is a @zano_project coin in there that is trying to scam users ! Be careful!

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Unstoppable | Private Wallet@unstoppablebyhs

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@GiMa9550 @THORChain @THORCommunity Yes, for now we are planning to add centralized providers while we along with our partners trying to figure out the DEX solution. At this time THORChain has the highest chance to deliver within 3-4 months

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Trade Coin 88@tradecoin88

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💰 Is $RUNE ’s Incentive and Yield Mechanism Sustainable in the Long Run? THORChain is built as a self-balancing liquidity network, where incentives play a key role in maintaining both liquidity and network security. Here’s how the system works: Liquidity Providers (LPs) deposit assets like $BTC, $ETH, or $BNB into pools paired with RUNE, earning trading fees and block rewards. Node Operators bond RUNE to secure the network, and in return, receive rewards from both block emissions and trading fees. The network uses an Incentive Pendulum — a dynamic mechanism that automatically adjusts rewards between LPs and Nodes to maintain an optimal liquidity-to-security ratio (around 2:1). In terms of long-term sustainability: ✅ Rewards aren’t driven by endless inflation — RUNE’s total supply is capped at ~500 million tokens. ✅ As cross-chain trading volume grows, real swap fees become the main source of yield, gradually reducing reliance on emissions. ✅ The self-adjusting reward model helps prevent the “race to the bottom” seen in traditional AMMs. However, there are still risks: ⚠️ If trading activity drops or TVL declines, yields will decrease, reducing incentives for liquidity provision. ⚠️ RUNE’s price volatility directly impacts the real ROI for LPs and Node Operators. 👉 In summary: THORChain’s incentive system is cleverly designed and self-balancing, with the potential to remain sustainable as long as cross-chain volume and network activity continue to grow. In the end, the sustainability of yield depends on adoption — not just tokenomics. @EdgenTech

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TradWife Capital🌸@TradWifeCapital

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What’s the fair value of a multi-sig wallet built by the Thorchain founder, fresh off a chaotic launch that flipped $3M promises to $12M reality? You might say "wait for Kraken tomorrow." But with team wallets sniping lows and yappers locked out, early holders already banked 3x flips. Now imagine @vultisig as the new gold standard for secure crypto custody under a pro-wallet meta. The ticker is $VULT, and the upside? Straight to $100M MC. Yep, we're early.

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Top Creators

OCT Timeline - THORChain

2018

Project Inception

July 2021

Security Incident

Network Exploits & Pause

June 22, 2022

Mainnet Launch

January 2025

Restructure

THORFi Suspension & Restructure

RUNE ROI CALCULATOR

ROI	PRICE	MARKET CAP	INVESTMENT
1xx	$0.89	$311.6M
0.03xx	$0.03	$10.0M	$16.045
0.08xx	$0.07	$25.0M	$40.114
0.16xx	$0.14	$50.0M	$80.227
0.32xx	$0.28	$100.0M	$160.455
0.80xx	$0.71	$250.0M	$401.137
1.60xx	$1.42	$500.0M	$802.274
2.41xx	$2.14	$750.0M	$1,203.411
3.21xx	$2.85	$1.0B	$1,604.547
9.63xx	$8.54	$3.0B	$4,813.642
16.05xx	$14.24	$5.0B	$8,022.737
ATHx	$20.87	$7.3B	$11,761.219