What Is THORChain (RUNE)?

THORChain is a decentralized liquidity protocol that allows users to swap assets in a permissionless setting. It enables the exchange of native layer-1 assets like BTC by acting as a vault manager. To secure its network, THORChain uses Tendermint and Cosmos-SDK. It also utilizes Threshold Signature Schemes (TSS) for its leaderless primary vault.

THORChain was conceptualized in 2018 by a team participating in a Binance Dexathon (decentralized exchange coding competition). THORChain facilitates cross-chain liquidity and reduce the need for centralized exchanges and third parties within the DeFi space. It enables cross-chain swaps and yield generation on crypto-assets like Bitcoin and Ethereum.

Total daily $Rune amount in + outflow

The chart below show the total daily $Rune amount in + outflow.

According to the result:

• The highest amount of Rune outflow was around 308K on July 20th.

• The highest volume of Rune inflow was about 100k on November 20th and 30th.

Total daily $Rune volume in + outflow

The chart below show the total daily $Rune volume in + outflow.

According to the result:

• The highest volume of Rune outflow was nearly 2.5M on October 22nd.

• The highest volume of Rune inflow was about 4M on November 29th.

Total $Rune volume in + outflow

The chart below show the total $Rune volume in + outflow.

According to the result:

• Total volume of Rune outflow was more than Rune inflow.

• Total volume of Rune outflow was about 41M.

• Total volume of Rune inflow was about 15M.

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