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THORChain RUNE Price $ 5.71
Rank: 59
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Chain
RUNE Price
General Info
Contracts/Explorers:
Funds and Backers
Wallets
No wallets found yet
Description
THORChain is a decentralised liquidity network allowing permissionless and instant cross-network asset swaps and cross-currency decentralised finance.
THORChain (RUNE) Chart
RUNE to USD Converter
RUNEIEO
20 Jul — 21 Jul 2019
Raised
$ 320.00K
Price:
$ 0.032
ROI:
178.33x +17,733%
Platform:
N/A
ATH ROI:
654.65x +65,365%
RUNE Price Statistics
Market Cap
$ 1.92B
FDV
$ 2.85B
ATH Market Cap
$ 5.08B
24 Trade Vol.
$ 117.44M
Vol. (24h) / MCap
0.0612
Max Supply
RUNE 500,000,000
Total Supply
RUNE 500,000,000
Circulating Supply
RUNE 336.21M
(67.2% of Max Supply)
Listing Date
20 Jul 2019
IEO Price
$ 0.038
21 Jul 2019
IEO ROI
150.17x
All Time High
$ 20.95
19 May 2021
All Time Low
$ 0.00764
11 Sep 2019
From ATH
From ATL
What is THORChain (RUNE)?
THORChain is a layer-1 protocol that allows users to transfer cryptocurrencies between blockchains instantly. Essentially, it enables users to trade crypto assets across various blockchains in a completely decentralized way.
The THORChain project was founded in 2018 under the premise that using centralized exchanges to transfer crypto-assets between different blockchains had existing problems. Thus, THORChain’s team envisioned an independent blockchain that could bridge to external networks and thus facilitate cross-chain transfers, in a similar way to DEXs work.
At its launch, Thorchain supported assets from Bitcoin, Ethereum, Bitcoin Cash, Binance Smart Chain, and Litecoin, and has continually been expanding for other tokens and assets since.
What are THORChain’s key features and how does it work?
It uses an automated market maker (AMM) model similar to that of Uniswap. THORChain’s native token RUNE acts as the base pair for swaps. Thorchain deploys an adapted lending system of Bancor’s continuous lending pools to facilitate trades. In these trades, all assets are deposited in liquidity pools shared with one other asset, which is Thorchain’s native token, RUNE.
RUNE is swapped against other assets in all trades. For example, if a user is swapping asset A to asset B, the protocol would conduct two trades. First, it would swap asset A for RUNE, and then RUNE for B. RUNE double swapping is what allows for decentralized swapping of assets across chains non-custodial.
THORChain uses a proof-of-stake consensus mechanism, which means node operators earn RUNE tokens for securing the network and validating swaps. Traders can earn a percentage of trading fees when they stake their assets and provide liquidity, thus becoming liquidity providers RUNE is a utility token used for governance, staking, bonding, rewards, and trading.
Staking RUNE also gives users votes on governance proposals.
Where can you buy RUNE?
THORChain’s native token RUNE can be bought from any of the CEXs and DEXs as listed here.
THORChain Price Today
THORChain's current price is $ 5.71, it has dropped -1.1% over the past 24 hours.
THORChain's All Time High (ATH) of $ 20.95 was reached on 19 May 2021, and is currently -72.8% down.
The current circulating supply of THORChain is 336.21 Million tokens, and the maximum supply of THORChain is 500.00 Million.
THORChain’s 24 hour trading volume is $ 117.44 Million.
THORChain's current share of the entire cryptocurrency market is 0.07%, with a market capitalization of $ 1.92 Billion.
You can find more details about THORChain on its official website and on the block explorer.
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