THORChain Market Overview
THORChain is a decentralized liquidity protocol enabling seamless cross-chain cryptocurrency trades without relinquishing asset custody. Its native utility token, RUNE, powers the ecosystem and secures the network through a Sybil-resistant consensus mechanism.
Key Features
- Cross-Chain Swaps: Trade assets across multiple blockchains without intermediaries.
- Non-Custodial: Users retain full control of their assets during transactions.
- Automated Market Maker (AMM): Uses asset ratios in liquidity pools to determine prices instead of order books.
THORChain Trading Markets
| Market Type | Description |
|---|---|
| CEX | Centralized exchange listings |
| DEX | Decentralized exchange integrations |
| Spot | Immediate asset settlements |
| Futures | Derivatives trading contracts |
THORChain (RUNE) Tokenomics
Use Cases:
- Base currency for all pool transactions.
- Governance voting rights.
- Node security collateral (1M RUNE minimum stake).
- Launch: Funded via Binance DEX IDO in July 2019. Mainnet went live in January 2021.
What Makes THORChain Unique?
- True Multi-Chain Support: Unlike wrapped assets, THORChain enables direct native asset swaps.
- Decentralized Network: Operated by independent nodes with no central authority.
- Incentivized Liquidity: LPs earn fees and RUNE rewards for providing pool liquidity.
RUNE Circulation and Security
- Circulating Supply: Updated in real-time on CoinMarketCap.
- Security Model: Uses Threshold Signature Schemes (TSS) and a rotating consensus of bonded nodes to prevent attacks.
Where to Buy RUNE?
Purchase RUNE on major exchanges like OKX, Binance, and THORChain’s native DEX. Always verify contract addresses when trading.
FAQs
How does THORChain differ from other DEXs?
THORChain specializes in native cross-chain swaps without pegged or wrapped tokens, offering true interoperability.
What’s the minimum stake to run a THORChain node?
Nodes must bond at least 1 million RUNE to participate in consensus.
Is THORChain audited?
Yes, THORChain undergoes regular smart contract audits by third-party firms to ensure protocol security.
Can I provide liquidity to THORChain pools?
Yes, liquidity providers can deposit assets into pools to earn trading fees and RUNE incentives.
What blockchains does THORChain support?
THORChain currently supports Bitcoin, Ethereum, BSC, and other major chains, with plans for further expansions.