THORChain: Powering the Thunder of the Crypto World

THORChain Surges, Ranking Third in DEX Market as Rune Experiences 50% Increase in Just One Week

THORChain ascends to 3rd largest DEX with Rune’s 50% surge in just a week.

Are you ready to ride the lightning? Brace yourselves, digital asset investors, because THORChain is making waves in the crypto space with its jaw-dropping trading volumes and sizzling hot token, Rune.

In the past week alone, THORChain has soared to the third-largest trading volume among non-centralized exchanges, leaving its competitors in shock. We’re talking a whopping $1.32 billion, falling just short of the Uniswap and PancakeSwap titans, who clocked in at $10.85 billion and $2.77 billion, respectively.

Not only that, but THORChain’s trading volume over the last 24 hours is second only to Uniswap, reaching a staggering $334.3 million. That’s right, folks, THORChain is flexing its muscle and showing PancakeSwap who’s boss with nearly $50 million more in trading volume.

But that’s not all. Brace yourself for the price surge of Rune, THORChain’s native token. Rune has been on an absolute tear, rising 51% in just one week and a jaw-dropping 200% over the last 30 days. Talk about a meteoric rise!

Even the developers at THORChain are stunned by the rapid success. Chad Barraford, a core developer, had predicted that THORChain would surpass Curve Finance by the end of 2023. Boy, was he surprised! In a Nov. 13 X post, Barraford commented, “Okay, this happened much faster than I thought. Just took 2 days instead of 2 months.” Let’s give the man some credit for underestimating the thunderous power of THORChain!

So, what’s all the buzz about THORChain? Well, imagine Uniswap on steroids, a multichain version that lets you swap native Bitcoin (BTC) for Ether (ETH). It’s like the Ferrari of decentralized exchanges, fueled by the unstoppable THORChain protocol and aptly named THORSwap. Fasten your seatbelts, because this rocket is about to take off!

And let’s not forget the icing on the cake—the high yields on THORSwap. We’re talking mind-boggling Annual Percentage Rates (APRs) of nearly 44% on average! But wait, there’s more. Dive into the liquidity pools, and you’ll find Bitcoin and Rune pairs offering an explosive APR of over 353%. Ka-ching!

Bitcoin advocate Erik Voorhees knows a good thing when he sees it. He noted that THORChain processed a jaw-dropping $224 million, accounting for almost 2% of the overall spot Bitcoin trading volume in just 24 hours. In his words, “Principled Bitcoiners should be familiar with THORChain. It is the only market to trade Bitcoin at scale without an intermediary… which is the entire point of Bitcoin.” Mic drop, Voorhees!

The THORChain project first made a lightning strike at the Binance Dexathon in 2018, courtesy of a team of anonymous developers. And since then, they’ve been making waves, shaking up the crypto world while remaining elusive. Exciting and enigmatic—just how we like it!

So, fellow adventurers of the crypto realm, buckle up and hold on tight. THORChain is taking us on a thrilling journey, where lightning-fast trades and sky-high returns await. Don’t get left behind—time to unleash the god of thunder and join the Thunder of the Crypto World!

Ready to dive into the electrifying world of THORChain? Share your thoughts and let’s ride the lightning together!