About THORChain
Market Stats
Market Cap
$395,866,349.04
FDV
No data
Circulating Supply
351,797,665 RUNE
Max Supply
No data
Total Supply
425,771,224 RUNE
Hold Time
No data
Performance
Popularity
No data
Dominance
0.02%
Volume (24H)
$215,022,710.69
0.18%
All time high
$21.26
Additional info about THORChain
Networks and details
The price of THORChain has decreased by 0.91% in the last hour and decreased by 1.07% in the past 24 hours. THORChain’s price has also fallen by 8.71% in the past week. The current price is $1.12 per RUNE with a 24-hour trading volume of $215.02M. Currently, THORChain is valued at 94.72% below its all time high of $21.26. This all-time high was the highest price paid for THORChain since its launch.
The current circulating supply of THORChain is 351,797,665 RUNE which means that THORChain has as total market cap of $395,866,349.04.
Price history
Today | $1.12 | ↘ 0.99% |
1 Day | $1.14 | ↘ 1.07% |
1 Week | $1.23 | ↘ 8.71% |
1 Month | $1.45 | ↘ 22.63% |
1 Year | $11.15 | ↘ 89.92% |
Market details
Performance against other markets | ↘ 90.05% |
Performance against BTC | ↘ 90.79% |
Performance against ETH | ↘ 78.35% |
Performance in the past year | ↘ 89.91% |
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 USD currency in real-time. Get the live price of THORChain on Coinbase.
The current market cap of THORChain is $395.87M. A high market cap implies that the asset is highly valued by the market.
The all-time high of THORChain is $21.26. 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 $215.02M.
Assets that have a similar market cap to THORChain include Conflux, Arweave, Polygon, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of THORChain is 352 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
THORChain news
Trending articles
Social stats
Popularity in posts
#63
Contributors
756
Posts
607,635
% About THORChain
0.317%
Hold times
0 days
X (Twitter)
54.12% bullish
Sentiment
4.5 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
756 unique individuals are talking about THORChain and it is ranked #63 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 4.5 out of 5. Finally, THORChain is becoming more newsworthy, with 0 news articles published about THORChain. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about THORChain. There were 54.12% of tweets with bullish sentiment compared to 3.13% of tweets with a bearish sentiment about THORChain. 42.75% of tweets were neutral about THORChain. These sentiments are based on 1918 tweets.
On Reddit, THORChain was mentioned in 2 Reddit posts and there were 6 comments about THORChain. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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