>

THORChain (RUNE)

THORChain (RUNE)

The price of THORChain is $3.45, a -18.09% change over the last 7 days. Learn more about THORChain’s price history, how it works, and how to invest.

By:
Updated: Jun 18, 2024
Listen
Overview
Markets
Historical Data
Price Statistics
THORChain price today
24h Change $0
24h Low $3.43
24h High $3.62
Market Cap $1.16B
Trading Volume (24h) $233.83M
Market Dominance 0%
Market Rank #61
Circulating Supply 336.50M
Max Supply -

THORChain markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
1
Binance Binance
RUNE/USDT $3.53 $236,895.66 $205,585.19 35,036,225 Recently
2
Binance Binance
RUNE/BUSD $5.48 $172,615.48 $186,191.49 101,632 Recently
3
KuCoin KuCoin
RUNE/USDT $3.53 $108,591.38 $197,599.67 950,542 Recently
4
Binance Binance
RUNE/GBP $1.47 $2,287.58 $9,591.38 105,066 Recently
5
Binance Binance
RUNE/ETH $3.52 $15,953.82 $17,473.43 7,352 Recently
6
Binance Binance
RUNE/BTC $3.53 $38,987.45 $65,207.00 224,636 Recently
7
Binance Binance
RUNE/BNB $3.55 $8,415.39 $35,603.38 5,555 Recently
8
Kraken Kraken
RUNE/USD $3.52 $93,951.98 $58,896.65 1,733,422 Recently
9
Binance Binance
RUNE/EUR $4.09 $5,746.38 $11,270.48 22,146 Recently
10
KuCoin KuCoin
RUNE/BTC $3.54 $1,227.22 $11,872.47 5,329 Recently
1
Binance Binance
RUNE/USDT $3.53 - - 31,171,198 Recently
2
Binance Binance
RUNE/USD $3.52 - - 1,537,370 Recently
3
KuCoin KuCoin
RUNE/USDT $3.51 - - 1,248,500 Recently
4
Kraken Kraken
RUNE/USD $3.53 - - 891,917 Recently
5
dYdX dYdX
RUNE/USD $3.53 - - 201,072 Recently
6
Bybit Bybit
RUNE/USDT $3.52 - - 11,739,578 Recently
7
Bitget Bitget
RUNE/USDT $3.52 - - 2,152,330 Recently
8
Crypto.com Exchange Crypto.com Exchange
RUNE/USD $3.53 - - 1,906 Recently
9
MEXC MEXC
RUNE/USDT $3.52 - - 2,861,597 Recently
10
CoinEx CoinEx
RUNE/USDT $3.53 - - 485,071 Recently
No data found
View more View less

About THORChain

Copy link to section

Resources

Copy link to section

What is the THORChain price today?

Copy link to section

The RUNE price is currently $3.45. The price of THORChain is -34.23% over the last 30 days. You can use the live THORChain chart to track the RUNE/USD price in real time above, or compare the THORChain value today to its past performance using the THORChain price history tab at the top of this page.

What is the total supply of RUNE?

Copy link to section

The circulating supply is 336,497,998.00 RUNE, out of a total maximum supply of 0.00 RUNE.

What is the price prediction for THORChain?

Copy link to section

The average THORChain price prediction values the coin at $2.50 by the end of 2024. Things like the economic climate, establishment support and acceptance, and the platform’s user growth all impact these predictions. .

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is THORChain?

Copy link to section

THORChain is a cryptocurrency network that allows users to swap any cryptocurrency token with another, even if they run on different blockchains. The platform uses liquidity pools, which are individual pools of cryptocurrency token pairs.

One of the tokens is always RUNE, THORChain’s native token, so users can easily change any crypto into RUNE and then into their desired cryptocurrency. RUNE is also the platform’s governance token, and it helps power THORChain’s security and incentivisation system.

Founded in 2018, the platform has gained momentum in recent years, and the price of RUNE has risen as adoption increases.

How does THORChain work?

Copy link to section

THORChain works by bonding users’ cryptocurrency with RUNE tokens and allowing them to be swapped via liquidity pools on an exchange known as BEPSwap. However, THORChain eventually plans to change over to the Asgardex exchange.

Because tokens are always sitting in the liquidity pools, swapping is always possible and there is no need for a conventional order book model. To incentivise individuals who provide liquidity to the pools by lending tokens, THORChain provides rewards in the form of RUNE.

How is the THORChain network secured?

Copy link to section

Coins and tokens can be swapped because of THORChain’s unique protocol known as BiFrost. The THORChain team developed this system from scratch, and it allows all of the existing blockchains to connect with each other.

It also allows for the integrity and security of the system to be maintained by punishing those who engage in malicious behaviour and validating transactions using nodes: computers connected to the THORChain network. Those who validate transactions are rewarded with RUNE.

What is THORChain used for?

Copy link to section

Other platforms offer cryptocurrency swapping services, such as popular crypto exchange, Uniswap, but Uniswap only supports Ethereum-based (ERC20) tokens. THORChain is the first solution of its kind, and it aims to turn the cryptocurrency market into a thriving ecosystem full of liquidity that isn’t constrained by blockchain barriers.

Why does RUNE have value?

Copy link to section

In the long run, THORChain aims to create a better trading environment with lower transaction fees and greater staking rewards.

There are potential issues relating to scalability as the platform grows. Still, THORChain uses a protocol known as Yggdrasil to increase its throughput by sharding: tearing transactions into smaller, more manageable pieces.

The final protocol that powers THORChain is Aesir, which powers the platform’s rewards and helps craft strong governance.

Who created THORChain?

Copy link to section

THORChain’s creators remain anonymous. Its official website claims the platform has no CEO, founder, or directors. Its future development is organised via Gitlab, where nodes decide which codebase it runs on.

Where can I buy THORChain?

Copy link to section

You can buy THORChain on either a centralised cryptocurrency exchange (CEX) or decentralized exchange (DEX), depending on its availability. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock trading platform.

Our guide on how & where to buy THORChain explains step-by-step exactly how to get started with a reliable crypto exchange, or via one of the most popular decentralized exchanges.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in THORChain?

Copy link to section

The simplest way to invest in THORChain is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any THORChain alternatives?

Copy link to section

THORChain allows users to exchange crypto coins and several exchange platforms are available. Here’s a selection of the best THORchain alternatives for you to consider.

  • Binance coin. Binance coin is the native token of the Binance platform
  • Huobi token. Huobi token is the Huobi exchange’s native coin.
  • Ethereum. Ethereum is the second largest cryptocurrency.

FAQs

Copy link to section
Is THORChain safe?
Has THORChain been hacked?
Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.

Trading ideas & analysis

Here’s why THORChain (RUNE) price is pumping
December 4, 2023
THORChain RUNE liquidations, open interest jump as price surges
November 16, 2023
Should you buy RUNE after THORChain suffers an outage due to a software bug?
October 28, 2022
The best decentralized exchange (DEX) tokens to get at the end of July
July 27, 2022
ThorChain price prediction: Why is RUNE bouncing back?
April 19, 2022
Should I buy Thorchain (RUNE) at the current price?
April 11, 2022

Latest THORChain news

Arweave, Ethena, THORChain rises as BitBot token sale thrives
April 20, 2024
THORChain, Dymension, Bonk jump as Pullix presale thrives
February 9, 2024
Self-custody wallet Edge integrates THORChain to streamline decentralized participation
November 29, 2023
Renowned analyst predicts bullish rallies for APE, RUNE, and COTI
November 23, 2023
Binance CEO predicts DEXs will overtake CEXs, top DEX tokens to get early
July 11, 2022
THORChain (RUNE) continues with its uptrend amid 180% gains in one month
March 26, 2022