Hassan Maishera
On Tuesday, the Thorchain team announced via X that trading is now live on the THORChain platform again.
After more than a month offline, the network is fully back. Signing, churning, secured, and trade assets, LP actions, and swaps are all up and running.
THORChain is a decentralized cross-chain exchange where traders can swap cross-chain assets via liquidity pools across Binance Chain, Ethereum, and Bitcoin.
THORChain is the first decentralized exchange (DEX) to swap Bitcoin and other UTXO chains with Ethereum and other EVM chains. All without using wrapped tokens.
THORChain currently supports swapping between 10 different blockchains. Assets available to swap on THORChain include the following:
Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB (BNB), XRPL (XRP), USDC (USDC), Tron (TRX), Dogecoin (DOGE), Bitcoin Cash (BCH), Wrapped Bitcoin (WBTC), Chainlink (LINK), Litecoin (LTC), Dai (DAI), Avalanche (AVAX), Aave (AAVE), Cosmos (ATOM), and Base (BASE).
Swapping on THORChain is permissionless and censorship-resistant. THORChain makes it possible for people to stop using centralized exchanges (CEXs) for swapping tokens across chains.
People can use any self-custody wallet in the world to swap Bitcoin (BTC), Ethereum (ETH), BNB (BNB), XRPL (XRP), Tron (TRX), Dogecoin (DOGE), Bitcoin Cash (BCH), Litecoin (LTC), Avalanche (AVAX), and Cosmos (ATOM), without having to connect the wallet to a website.
There are no block rewards on THORChain. 100% of the revenue on the network is real money paid by real users. 5% of the revenue is burned, making the token supply deflationary.
RUNE is down 0.3% today and is currently trading at $0.4200.
