THORChain
RUNE$0.5070
Market Cap
$177.87M
Volume 24h
$39.03M
Vol / Market Cap
21.94%
Rank
#58
RUNE Price Chart
THORChain is a decentralized liquidity protocol enabling cross-chain asset swaps.
THORChain is a decentralized liquidity protocol that enables native cross-chain swaps without wrapped assets or centralized intermediaries.
A cross-chain liquidity protocol that allows users to swap native assets (like Bitcoin for Ethereum) directly. It uses a network of vaults and its native token to secure trades without relying on "wrapped" versions of coins.
Decentralized Asset Swaps: Used to secure a cross-chain liquidity network that allows users to swap real Bitcoin for real Ethereum without using centralized bridges.
Cross-Chain Swaps: Used as a "security collateral" for every trade. To swap BTC for ETH, nodes must stake the token. It is used to facilitate native, trustless swaps without using "wrapped" assets.
High risk of "impermanent loss" for liquidity providers; complex cross-chain security model.
