THORChain is a decentralized protocol enabling instant cross-chain crypto transfers and swaps using RUNE tokens across multiple blockchains.
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THORChain is a layer-1 protocol designed to enable instant cryptocurrency transfers between different blockchains. It allows users to trade digital assets across various chains in a fully decentralized manner. Founded in 2018, the project was created to address issues associated with centralized exchanges used for transferring crypto-assets between blockchains. The team envisioned an independent blockchain capable of bridging external networks, thereby facilitating cross-chain transactions similar to how decentralized exchanges (DEXs) operate. At launch, THORChain supported assets such as Bitcoin, Ethereum, Bitcoin Cash, Binance Smart Chain, and Litecoin, with ongoing expansion to include more tokens and assets. Key features include the use of an Automated Market Maker (AMM) model akin ...
As of now, THORChain (ERC-20) is trading at 1.314 USD, with a 24-hour trading volume of approximately 0 USD. The RUNE to USD price is updated in real time. Over the past 24 hours, THORChain (ERC-20) has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 5.05M USD. Currently, there are 3 843 237 RUNE in circulation out of a maximum supply of 3 843 237 RUNE.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
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