#49 rank
Thorchain

Thorchain rune

Thorchain Price in USD

$4.722

-1.07%

0.002 ETH

0 BTC

Price Change

MIN

MAX

Thorchain Price Statistics

Current Price

$4.722

Fully Diluted MarketCap

$3,594,112,242

Total Volume

177,948,702

Total Supply

416,373,521

Circulating Supply

335,434,281

What is THORChain?

Using ThorChain, traders can seamlessly move from Bitcoin to Ethereum, Terra, etc., without registering for an exchange or going through KYC, like on Centralized Exchanges(CEXs). Hence, users are minimally exposed to custody and counterparty risks. While DEXs like Uniswap are limited to the Ethereum ecosystem, THORChain is cross-chain. It allows users to swap/exchange assets from different blockchains, including Bitcoin, Ethereum, Litecoin, Terra, etc. RUNE is the native token of THORChain. It is used as the base currency and used for platform governance and security

The Team Behind THORChain

Thorchain was built by an anonymous team. It has no CEO or founder. Instead, development is organized through Gitlab. It is created in such a way to protect the project from regulatory scrutiny and ensure it can decentralize

Top Value Drivers For THORChain

The main reasons to invest in THORChain include: - One of the few Cross-Chain Decentralized Exchanges(DEX) where users can swap between assets like Bitcoin and Ethereum without an intermediary like Binance - Liquidity Providers(LPs) do not experience Impermanent Loss(IL), a temporary loss liquidity providers face when contributing to liquidity pools. - It uses a Slippage based fee(Slip-based Fee) instead of a fixed percentage fee to help assure liquidity stays where needed. - All fees generated go directly to the users, and there are no provisions for the team. - It uses its own Layer 1 blockchain instead of relying on another blockchain like Ethereum

FAQs

The current price of Thorchain is USD 4.722.

The total supply of Thorchain is 416,373,521 and circulating supply of Thorchain is 335,434,281

The trading volume of Thorchain is 177,948,702 in the last 24 hours.