The THORChain team announced on Twitter over the weekend that THORSynths are coming soon. THORSynths are synthetic representations of non-Rune Assets pooled. The primary purpose of Synths is to be used for fast & cheap transactions significantly driving up Volume on the THORChain network.
The team added that with THORSynths, there will be faster settlements on all Layer-1 (L1) pools, higher L1 purchasing power and a few other features.
THORChain is a decentralized cross-chain exchange where traders can swap cross-chain assets via liquidity pools across Binance Chain, Ethereum, and Bitcoin. RUNE is down by more than 4% so far today and is currently trading at $4.588.