THORChain
Current price
$0.6230
−5.89%24h
LiveUpdated 38s ago
TodayTHORChain drops 5.9%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.64%
- 24 hours−5.89%
- 7 days−12.99%
- 30 days+23.20%
- 1 year−28.60%
THORChain's move in context
Lagging the market today
−5.89% today against −3.26% for the market as a whole, a gap of 2.6 points. Small gaps like this are common, so they don't point to anything specific.
Trend has turned
−13.0% over 7 days and +23.2% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About THORChain
THORChain: A Cross-Chain Liquidity Network
THORChain is a decentralized liquidity protocol that enables the trading of assets across multiple blockchains without requiring a centralized exchange. It allows users to swap assets directly from one blockchain to another in a secure and decentralized manner. THORChain’s primary goal is to provide liquidity across various blockchain networks, including Bitcoin, Ethereum, Binance Chain, and others, without the need for wrapped tokens or synthetic assets.
Key Features of THORChain
Cross-Chain Swaps: THORChain enables users to seamlessly swap assets between different blockchains. For example, a user can trade Bitcoin for Ethereum without relying on centralized intermediaries or wrapped tokens. This is achieved using a network of liquidity pools where native assets are locked, allowing the protocol to process swaps natively between chains.
Liquidity Pools: The protocol relies on decentralized liquidity pools, where users can deposit their assets to provide liquidity to the network. In return, liquidity providers earn a share of the trading fees generated by the platform. These pools are a key element of THORChain’s decentralized architecture and ensure that there is always sufficient liquidity for cross-chain swaps.
Decentralization and Security: THORChain is fully decentralized, meaning there is no central authority controlling the protocol. The network is secured by a system of validators who maintain the blockchain and process transactions. This decentralized structure ensures that THORChain is resistant to censorship, single points of failure, and other vulnerabilities associated with centralized exchanges.
RUNE Token: THORChain’s native utility token, RUNE, plays a critical role in the ecosystem. It is used as a settlement asset within the protocol, providing liquidity and security. RUNE is also used to incentivize liquidity providers and validators, ensuring the smooth functioning of the network. The token’s value is tied to the overall liquidity and activity on THORChain, making it an essential component of the platform.
Continuous Liquidity Pools (CLPs): THORChain introduces a unique concept of Continuous Liquidity Pools (CLPs), which allow users to provide liquidity at any time and withdraw it without lockup periods. This flexibility makes THORChain’s liquidity provision more attractive to users, as they can enter and exit pools as needed, without restrictions.
THORChain offers a revolutionary solution to the problem of cross-chain asset liquidity. By providing a decentralized, secure, and efficient way to swap assets between blockchains, it addresses one of the key limitations of the current DeFi ecosystem. With its cross-chain swaps, liquidity pools, and RUNE token, THORChain is shaping the future of decentralized finance.
THORChain market
- Position by market cap among the coins we track.
- #118
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $224.59M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.6190High $0.6640
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $20.87
- Now 3% of itReached 19 May 2021 · Needs +3,250% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 360.5M RUNE
- 102% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 354.2M RUNE
- The most coins that can ever exist. Some coins have no limit.
THORChain converter
1 THORChain = $0.6230
