RU

THORChain

RUNE
DeFiRank #58THORChain

$0.4492

+3.55%24h
+7.47%7d

Market Cap

$157.73M

Volume 24h

$37.55M

Vol / Market Cap

23.81%

Rank

#58

RUNE Price Chart

About THORChain

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.

How It Works

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.

Use Cases

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.

Tokenomics

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.

Risks & Considerations

High risk of "impermanent loss" for liquidity providers; complex cross-chain security model.

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