Sign in

THORChain RUNE Price

$1.37

0.38%

$1.31

24h Range

$1.43

Market Cap

$480,687,280.0

Fully Diluted Valuation

$685,000,000.0

24 Hour Trading Vol

$299,320,581.0

Circulating Supply

351,577,339.0

Total Supply

426,052,689.0

Max Supply

500,000,000.0

Info

RUNE Price Statistics

THORChain Price

$1.37

24h Range

$1.31 - $1.43

Percent Change 1h

-0.47%

Percent Change 24h

0.38%

Percent Change 7d

-35.6%

All-time high

$20.87

All-time low

$0.008513

Simple View
Trading View

1D

7D

1M

1Y

All

Loading...
Simple View
Trading View

About THORChain

What is THORChain (RUNE)?

THORChain is a decentralized liquidity protocol that enables cross-chain asset swaps without the need for a centralized exchange. Launched in 2018, THORChain facilitates the trading of assets across different blockchains, allowing users to swap cryptocurrencies directly from their wallets. The native token of the THORChain network is RUNE, which is used for governance, liquidity provision, and incentivizing users to participate in the network.

As of 2024, THORChain supports multiple blockchains, including Bitcoin, Ethereum, Binance Smart Chain, and many others, enabling seamless transactions and liquidity across various digital assets. The protocol operates using an automated market maker (AMM) model, allowing liquidity providers to earn fees by supplying tokens to liquidity pools.

Who are the Founders of THORChain?

THORChain was founded by a team of anonymous developers and contributors who value privacy and decentralization. The core team includes individuals with backgrounds in software development, blockchain technology, and finance. While the founders maintain anonymity, the project has garnered significant support from the community and has a growing number of contributors. The development is overseen by the THORChain community, which plays an essential role in governance and decision-making processes.

How does THORChain Work?

THORChain utilizes a unique mechanism to facilitate cross-chain swaps through its liquidity pools and the RUNE token. The core components of THORChain's functionality include:

  • Liquidity Pools: Users can provide liquidity by depositing pairs of assets into pools. For example, a user might deposit Bitcoin and RUNE into a liquidity pool, which allows for swaps between those assets.
  • Automated Market Maker (AMM): THORChain employs an AMM model, which uses algorithms to set prices based on supply and demand within the liquidity pools. This enables efficient and fair pricing for swaps.
  • RUNE as a Base Asset: RUNE serves as the base asset for all transactions on the platform. It acts as a bridge between different cryptocurrencies, allowing users to swap assets without needing a counterparty.
  • Node Validators: THORChain operates using a network of validators who help secure the protocol. These validators are responsible for confirming transactions and maintaining the integrity of the network.
  • Cross-Chain Swaps: Users can swap assets from different blockchains using THORChain's unique technology, which wraps assets and facilitates transactions across chains in a trustless manner.

Top Use Cases of THORChain

THORChain has several use cases that highlight its versatility and utility in the crypto ecosystem:

  • Cross-Chain Swaps: Users can easily swap different cryptocurrencies without relying on centralized exchanges, providing a trustless and secure environment.
  • Liquidity Provision: Individuals can earn passive income by providing liquidity to various pools, receiving rewards in the form of trading fees and RUNE tokens.
  • Decentralized Finance (DeFi) Applications: THORChain can be integrated into various DeFi applications, enabling functionalities like yield farming, lending, and borrowing across different assets.
  • Token Launches: New projects can utilize THORChain's infrastructure to launch their tokens and provide liquidity, making it easier for users to access new assets.
  • Portfolio Diversification: Investors can diversify their cryptocurrency portfolios by utilizing THORChain's platform to easily swap between a variety of assets.

How to Keep your THORChain Safe?

Keeping your THORChain assets safe requires a combination of best practices and security measures:

  • Use Hardware Wallets: For significant holdings, consider using hardware wallets to store your RUNE tokens securely offline.
  • Enable Two-Factor Authentication (2FA): If you are using a centralized exchange or a wallet that supports it, enable 2FA to add an extra layer of security.
  • Keep Software Updated: Ensure that your wallets and software are regularly updated to protect against vulnerabilities and exploits.
  • Beware of Phishing Attacks: Always verify the authenticity of websites and links before entering sensitive information. Use bookmarks for frequently visited sites.
  • Use Decentralized Wallets: Opt for decentralized wallets that allow you to maintain control over your private keys and funds.
  • Regularly Monitor Transactions: Keep an eye on your wallet activity and transaction history to catch any unauthorized access early.

How to Invest in THORChain (RUNE)?

Investing in THORChain (RUNE) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy THORChain: Once your account is funded, you can purchase THORChain directly from the exchange. Choose the desired amount and complete the transaction.

Investing in THORChain (RUNE) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in THORChain using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for THORChain (RUNE) in the Long Term?

THORChain (RUNE) is currently trading at $1.37 and exhibits good potential for future growth. Check the latest THORChain (RUNE) price prediction.

FAQs

Recent Big Transactions


THORChain Info

Info

THORChain Insights

Recent Big Transactions


Explore More Crypto Coins

Botsfolio Blogs

Instant Access, No Sign-Up Needed!

Create and Evaluate Portfolios in Minutes

With any investment, your capital is at risk. The value of your portfolio with Botsfolio can go down as well as up and you may get back less than you invest. Past performance is no guarantee of future results. Read our (investment risk disclosure ) for more information. By using this website, you accept our (Privacy Policy) (Terms & Conditions) .

PRODUCTS

BECOME A PARTNER

CONTACT US

Support: jasmine@botsfolio.com

Marketing: marketing@botsfolio.com

KribX Inc, USA

© 2024 © Botsfolio

Privacy Policy Terms and Conditions