THORChain, a cross-chain liquidity protocol, has experienced significant growth recently. The platform has seen a surge in usage and TVL after burning 60M RUNE to boost lending capacity. The daily volume ATH was broken three times in a week, with $RUNE up nearly 70% in the past week. The platform offers no-interest and no-liquidation loans, with THORSwap being a major lending interface. THORChain's community holds a significant amount of RUNE, with the Treasury holding 7m RUNE for ecosystem funding. The platform's volume has surpassed half a billion dollars per day, allowing trading between BTC, ETH, and stables without accounts or KYC requirements.
underrated strengths of thorchain - old project with one of the largest community - no unrealized gains/unlocks - Rune is one the most liquid coins (probably in top 10) - Rune price up gets flywheel going (lifts caps, LPs earn more etc.) - With lending new users use Thorchain vs…
back in the top 3 daily DEX volumes $RUNE you love to see it https://t.co/s4MgAIWwNS
Quietly @THORChain has built a juggernaut thanks to non-stop building on the bear market. - ultra competitive swaps as low as 5 bips - novel lending - saver accounts Yet many outside THORChads have never heard of it. Choose Thorchain ⚡️ Not financial advice.
While you thought real hard about this, it's up another +17% since yesterday. Maybe you thought, it's already up so much, I missed it. I'll get the next one. You realize it was up a lot when I first took a position too. Price anchoring is a losing game in a bull. Weeeeee $RUNE https://t.co/1CNczAiJyI https://t.co/Fe9WS7zRV0
This is another aspect of the flywheel about to kick in $RUNE https://t.co/hKpmbR7KoN
Make crypto cypherpunk again @THORChain volume now surpassing half a billion dollars per day Trade between BTC, ETH, stables Open-source and permissionless You can trade with the Thorchain protocol at https://t.co/SV3H3Qx7Lt. No accounts or KYC. https://t.co/mtx0ziZoD2
If you’re not turbo long $rune here I don’t know what you’re doing in the space @THORChain is the best defi setup I’ve ever seen here and it wasn’t even intended The Ethena yield situation pushes up the cost of borrowing so high on Aave, it makes TC’s flywheel irresistible
.@THORChain just broke it's daily volume ATH 3 times in one week.
Cross-chain liquidity protocol @THORChain has seen its usage and TVL surge after burning 60M RUNE last week to boost its lending capacity. $RUNE is up nearly 70% in the past week🚀 Read more: https://t.co/RLO18y3zCm https://t.co/3TP5lW165k
$RUNE is fully distributed. The Treasury sits on 7m RUNE (1.4% of supply) for long term ecosystem funding. Literally everything else is circulating, burnt or locked in the protocol. Major investors all puked last cycle. Only the thorchads hold rune now.
Just pulled some lending numbers. 3968 total loans to date on THORChain. 3046 come from THORSwap. THORSwap accounts for > 76% of all loans. By volume: $37,685,622 / $46,964,769 Collateral TS/TC (80.24%) $14,550,546 / $18,398,112 Borrowed TS/TC (79.09%) Basically, 80% of all…
Without Thorchain, and its community, this space would be far less interesting. This asset has captured the essence of crypto spirit. I will take some profits here and there, but generally speaking, I’m riding $RUNE / $BTC pool to the edge of the world. THORChad for life.
Another 7 figure @THORChain loan opened https://t.co/buOUnjdIyq
520.7 $eth @THORChain loan ($2.1m) New size record https://t.co/5yjN7gi1bv
If you are leveraged long BTC or ETH and plan to stay that way for the next 30 days, you’re being financially foolish if you don’t move over to @THORChain no-interest and no-liquidation loans The best TC lending interface I’ve seen so far is @THORSwap
Seeing that narrative emerge again. btw Rune is up 6x since that tweet. https://t.co/h0HkLSP1vQ