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Thorchain

Thorchain

RUNE
#159
$0.4891Up 0.39 percent($0.00)

Key Stats

Market Cap$171.60MUp 0.39 percent
Volume (24h)$2.73M
Fully Diluted Value$244.56M
Vol/Mkt Cap (24h)1.59%
Total Supply424.53M RUNE
Max Supply500.00M RUNE
Circulating Supply350.85M RUNE
Launch Date2018-01-13
Block Number27,720,725

Thorchain Information

Websites
thorchain.orgWhitepaper
Block Explorers
thorchain.net
Industries
Cross-Chain Infrastructure

Thorchain Price Converter

ThorchainRUNE
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Latest Thorchain News

View all
Thorchain halts trading after $10 million cross-chain exploit, RUNE token drops 12%
Negative

Thorchain halts trading after $10 million cross-chain exploit, RUNE token drops 12%

Neutral

Crypto Markets Today: Bitcoin Pulls Back, PENGU Open Interest Surges

Negative

Over $380M Worth of Crypto Stolen During Bybit's $1.4B Hack Has Gone Dark

Negative

THORChain Sees Record $4.6B Volume After Bybit's $1.4B Hack

Thorchain Markets

View all
InstrumentExchangeBenchmark DataPrice24h Change
ThorchainUSDT logo
RUNE-USDT
RUNEUSDT
binance logobinance
AA
0.4890USDT
0.41%
ThorchainUSDT logo
RUNE-USDT
RUNE_USDT
whitebit logowhitebit
BB
0.4900USDT
0.41%
ThorchainUSDC logo
RUNE-USDC
RUNEUSDC
binance logobinance
AA
0.4900USDC
0.41%
ThorchainUSDT logo
RUNE-USDT
RUNEUSDT
bybit logobybit
A
0.4901USDT
0.39%
ThorchainUSDC logo
RUNE-USDC
RUNE_USDC
whitebit logowhitebit
BB
0.4880USDC
0.21%

About Thorchain

Created in 2018 by CEO and founder Chad Barraford, Thorchain (RUNE) is a decentralized liquidity network for cross-chain cryptocurrency swaps, allowing users to trade their digital assets across various blockchain networks without the need for centralized exchanges. The platform is non-custodial, allowing users to maintain control of their assets. Thorchain aims to create a trustless and decentralized trading ecosystem with a unique "chaosnet" mechanism that facilitates quick and efficient trades. It also allows users to participate in liquidity pools, earning rewards for providing liquidity to the platform, ensuring that there is always sufficient liquidity available for trading.

Frequently Asked Questions

Thorchain (RUNE) is a decentralised liquidity protocol that allows users to swap assets across different blockchains without the need for a centralised exchange. It operates as a cross-chain platform, enabling the movement of assets between blockchains like Bitcoin, Ethereum, Binance Chain, and others. Thorchain uses its native token, RUNE, to facilitate liquidity, ensure network security, and govern the protocol. RUNE serves as the settlement currency within the system, enabling the exchange of assets across different chains.

The protocol uses an automated market maker (AMM) model to provide liquidity, and nodes within the network are responsible for securing the system and managing cross-chain transactions. Thorchain operates in a permissionless manner, meaning anyone can participate by contributing to liquidity pools or running a node.

Thorchain (RUNE) has several key uses within its ecosystem:

  • Cross-Chain Swapping: The main use case of Thorchain is enabling users to swap assets directly between different blockchains without needing a centralised intermediary. It supports native swaps, meaning users do not have to wrap assets or use synthetic versions.

  • Liquidity Provision: RUNE is used within liquidity pools to facilitate asset swaps. Users can provide liquidity in exchange for earning fees, with RUNE being used to balance the pools.

  • Network Security: RUNE is bonded by the validators (nodes) that secure the network. These nodes are required to bond RUNE to participate, ensuring they have a vested interest in the network's security and smooth operation.

  • Governance: RUNE is also used to govern the protocol. RUNE holders can participate in governance decisions related to the protocol's development and future upgrades.

  • Settlement Asset: RUNE serves as the settlement asset within the network, acting as the base currency for transactions between different blockchain assets.

Mainnet - https://viewblock.io/thorchain

ERC-20 - https://etherscan.io/token/0x3155ba85d5f96b2d030a4966af206230e46849cb

BEP2 - https://explorer.binance.org/asset/RUNE-B1A