About THORChain
Trading Insights
Searched
45
Market Stats
Market Cap
A$867.61M
FDV
A$1.05B
Circ. Supply
351M RUNE
Max Supply
Not enough data
Total Supply
426M RUNE
Total Value Locked
A$258.34M
Performance
Popularity
Not enough data
Dominance
0.02%
Volume (24H)
A$165.99M
70.48%
Volume (7D)
A$712.72M
Volume (30D)
A$3.62B
All time high
A$32.56
Price Change (1Y)
-69.05%
Additional info about THORChain
Recent trends
The latest RUNE price is A$2.47. Compared to THORChain's value of A$2.46 from 24 hours ago, there's been a 1% increase, while the current price is -4% down from A$2.56 which was recorded one week ago. THORChain's all time high is A$32.56, which was reached on May 19, 2021. This is a -92% change from its price today.
The market cap is currently A$867.61M, which is a result of multiplying the current price of THORChain(A$2.47) by the total supply(425,549,078 RUNE). The fully diluted valuation of THORChain is A$1.05B. The diluted valuation of THORChain is A$1.05B.
Market details
RUNE vs markets
↘ 76.71%
RUNE vs BTC
↘ 79.71%
RUNE vs ETH
↘ 54.55%
Tags
decentralized-exchange-dex-token
defi
dex
Network & Addresses
Network | Address | |
|---|---|---|
THORChain | NA | |
BNB Beacon Chain | RUNE-B1A | |
BNB Smart Chain | 0xrUnE-b1A |
Price history
Time | Price | Change |
|---|---|---|
Today | A$2.47 | ↗ 0.63% |
1 Day | A$2.46 | ↗ 0.63% |
1 Week | A$2.56 | ↘ 3.69% |
1 Month | A$2.26 | ↗ 11.67% |
1 Year | A$7.88 | ↘ 69.05% |
FAQ
THORChain (RUNE) is a decentralized liquidity protocol that aims to enable users to exchange cryptocurrency assets across various networks, including Bitcoin and Ethereum, without relinquishing full custody of their assets. The platform operates in a permissionless setting and strives to eliminate the need for order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool. The native utility token of the THORChain platform is RUNE, which serves as the base currency in the THORChain ecosystem and is also used for platform governance and security.
THORChain operates by aiming to enable native asset settlement, allowing users to swap Bitcoin, Ether, Stablecoins, and other coins across nine distinct blockchains. It does not wrap or peg assets, but instead aims to allow value to be exchanged from one coin on one blockchain to another coin on another chain. THORChain employs a system to help mitigate the issue of impermanent losses that a liquidity provider can experience when contributing to liquidity pools. It achieves this by using a slip-based fee to help ensure liquidity stays where it is needed. The protocol combines a range of technologies to facilitate cross-chain token swaps permissionlessly.
THORChain presents a variety of potential use cases. It aims to enable Streaming Swaps, which allow large swaps to be broken up into many smaller swaps over time, significantly reducing swap fees for users. Apart from swaps, THORChain presents single-sided liquidity provision through Savers. Users can provide Layer 1 assets such as BTC and earn single-sided yield without impermanent loss. THORChain also has a Lending protocol where users can borrow against their native BTC or ETH and receive a USD-denominated debt in the asset of their choosing. The loans aim to have no liquidations, no interest, and no expiration.
THORChain was initiated through an initial DEX offering (IDO) which launched in July 2019. Its single-chain chaosnet was initiated in April 2021, the multi-chain upgrade was initiated in April 2021 and Mainnet was live as of June 2022. The platform has no CEO, no founder, and no directors. Instead, the further development of the protocol is organized via Gitlab with nodes as the ultimate deciders of which codebase to run. Those currently working on the project are largely anonymous, which is stated to protect the project and ensure that it can decentralize. As of June 2022, there are 308.0 million RUNE in circulation out of a total supply of 500 million.
We update our THORChain to AUD currency in real-time. Get the live price of THORChain on Coinbase.
The current market cap of THORChain is A$867.61M. A high market cap implies that the asset is highly valued by the market.
The all-time high of THORChain is A$32.56. This all-time high is highest price paid for THORChain since it was launched.
Over the last 24 hours, the trading volume of THORChain is A$165.99M.
Assets that have a similar market cap to THORChain include Flow, Decentraland, Helium, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of THORChain is 351 million.
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THORChain news
Trending articles
Social stats
Popularity in posts
#233
Contributors
517
Posts
949
% About THORChain
0.143%
Articles
2
Hold times
0 days
X (Twitter)
48.99% bullish
Sentiment
4.2 ★
Highlights
517 unique individuals are talking about THORChain and it is ranked #233 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, THORChain has an average sentiment score of 84 out of 5. Finally, THORChain is becoming less newsworthy, with 2 news articles published about THORChain.
On Twitter, people are mostly neutral about THORChain. There were 49.7% of tweets with bullish sentiment compared to 1.45% of tweets with a bearish sentiment about THORChain. 50.3% of tweets were neutral about THORChain. These sentiments are based on 796 tweets.
On Reddit, THORChain was mentioned in 88 Reddit posts and there were 155 comments about THORChain. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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