THORChain (RUNE)
THORChain is a decentralized cross-chain liquidity protocol built to let users exchange native crypto assets across separate blockchains without relying on wrapped tokens or a centralized custodian. Its main distinction is that it connects assets such as Bitcoin with Ethereum and other smart-contract ecosystems through on-chain liquidity pools, rather than asking users to bridge into synthetic versions of those assets.
The network’s native token, RUNE, sits at the centre of the system. It is used as the common settlement asset in liquidity pools, as an incentive for liquidity providers and node operators, and as part of the protocol’s security model. Node operators bond RUNE to help secure vaults that hold external-chain assets, while liquidity providers supply assets to pools and earn a share of swap fees.
THORChain is designed for traders, wallets, aggregators and DeFi applications that need access to native cross-chain liquidity. The protocol supports swaps among a range of major networks and assets, including Bitcoin, Ethereum, BNB, XRP, Litecoin, Dogecoin, Bitcoin Cash, Avalanche, Cosmos-based assets and stablecoins such as USDT, USDC and DAI, with availability depending on integrations and network status.
Unlike many bridges, THORChain focuses on direct asset exchange rather than token representation on a destination chain. That makes it a notable infrastructure project in decentralized finance, particularly for users who want to move between UTXO chains, EVM networks and other ecosystems while retaining exposure to the underlying native coins.
Last updated
- Market Cap
- $129M
- Fully Diluted Valuation
- $132M
- 24 Hour Trading Vol
- $10.9M
- Circulating Supply
- 350M
- Total Supply
- 360M
- Max Supply
- 360M
Kelp DAO $220M Hack Laundered, Recovery Window Shuts as Only $1.7M Remains Traceable
Kelp DAO hacker launders $220M as recovery window closes
Kelp DAO Hacker Has Successfully Laundered Funds, with Approximately $220 million of Unfrozen Funds Almost Entirely Moved Out of Traceability
The Kelp DAO cross-chain bridge hack has cleaned up nearly $220 million in stolen funds, with only $1.7 million remaining untransferred.
Kelp DAO Hacker Has Laundered Nearly All $220M in Unfrozen Funds, Closing the Recovery Window
V12 Says THORChain Silently Patched Its Critical Bug, Then Told Researchers the Bounty Is 'Permanently Retired'
Pegnet: In May 2026, the cryptocurrency industry experienced 40 major hacking attacks, with a total loss of $81.7 million, representing an 87.4% decrease from the previous period.
CertiK: Crypto platform attack losses fell to $68.3 million in May, a 90% decrease month-over-month.
Mythos Unveiling Threatens DeFi, Strategy Dumping Undermines Faith, AI Hype Diverts Funds, Crypto Market Facing "Darkest Hour"
Echo Protocol Hack Autopsy: The $76 Million Exploit That Wasn’t Really a Hack
THORChain proposes recovery plan after May 15 exploit, no new RUNE minted
THORChain faces backlash over GG20 fix after $10.7M hack
THORChain exploit tied to malicious node and GG20 flaw
THORChain offers hacker bounty as restart vote opens
THORChain Releases Latest Recovery Plan: Proposes Protocol-Owned Liquidity to Cover Losses, No RUNE Inflation
THORChain has released a recovery plan for the attack incident, and node operator voting has begun.
Echo Protocol Joins THORChain, Verus as May Hack Count Reaches 14
May’s DeFi Hack Tally Grows as Verus Bridge Reportedly Loses $11.58 Million
FINANCE FEEDS: THORChain Opens Recovery Portal After $10 Million Exploit
- Market Cap
- $128,706,800
- Fully Diluted Valuation
- $132,370,353
- 24 Hour Trading Vol
- $10,852,773
- 24h High
- $0.411521
- 24h Low
- $0.36665
- 24h Change
- -8.24%
- 7d Change
- -9.32%
- 30d Change
- -30.65%
- 1y Change
- -78.32%
- Market Cap Rank
- #235
- Market Cap Rank (rehypothecated)
- #320
- Circulating Supply
- 350,133,158
- Total Supply
- 360,099,464
- Max Supply
- 360,099,464
- All-time high
- $20.87 (-98.24%) · 19 May 2021, 01:30
- All-time low
- $0.00851264 (+4221.10%) · 28 Sept 2019, 01:00
- Website thorchain.org
- Whitepaper docs.thorchain.org
- Block explorer runescan.io
- Block explorer thorchain.net
- Block explorer thorchain.net/pool/
- X / Twitter twitter.com/thorchain
- Reddit www.reddit.com/r/THORChain/
- GitHub github.com/thorchain