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THORChain

THORChain RUNE Price $ 4.79

Rank: 64

3229 Watchlists

Chain

RUNE Price

4.79
0.07%
($ 0.00339)
Price Range
LowHigh
$ 4.70$ 4.88

General Info

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Tags (Sub-Categories):

#Coin

Funds and Backers

Description

THORChain is a decentralised liquidity network allowing permissionless and instant cross-network asset swaps and cross-currency decentralised finance.

THORChain (RUNE) Chart

THORChain price Index provides the latest RUNE price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

RUNE to USD Converter

THORChain (RUNE)RUNE

IEO

20 Jul — 21 Jul 2019

Raised

$ 320.00K

Price:

$ 0.032

ROI:

149.56x  +14,856%

Platform:

N/A

ATH ROI:

654.65x  +65,365%

RUNE Price Statistics

leaderboard

Market Cap

$ 1.62B

Fully diluted value

FDV

$ 2.41B

ATH Market Cap

$ 5.08B

24 Trade Vol.

$ 79.61M


Vol. (24h) / MCap

0.0492

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

12,571%

126.71x

All Time High

$ 20.95

19 May 2021


All Time Low

$ 0.00764

11 Sep 2019


From ATH

77%

From ATL

62,946%

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 $ 4.79, it has increased +0.07% over the past 24 hours.

THORChain's All Time High (ATH) of $ 20.95 was reached on 19 May 2021, and is currently -77.2% 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 $ 78.91 Million.

THORChain's current share of the entire cryptocurrency market is 0.06%, with a market capitalization of $ 1.61 Billion.

You can find more details about THORChain on its official website and on the block explorer.

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