THORChain, a decentralized exchange, has achieved a significant milestone by recording over $10 billion in trading volume for the first time in its history during March 2024. This achievement marks a major win for decentralized exchanges (DEXs) and sets a new precedent for the potential flipping of volume and liquidity from centralized exchanges (CEXs) to DEXs, with a focus on enabling Bitcoin liquidity to live natively on-chain. The platform, along with its partners Chainflip, Maya Protocol, and SeraiDEX, aims to surpass CEXs in terms of liquidity, users, and volume, targeting a long-term market size of over $1 trillion. The success of THORChain is seen as beneficial not only for RUNE holders, TC liquidity providers, and node operators but for the entire cryptocurrency ecosystem, highlighting the advantages of decentralized over centralized exchanges.
UPDATE: @THORCHAIN HITS TOTAL MONTHLY TRADING VOLUME OF $10B FOR THE FIRST TIME
$10b monthly volume for @THORChain Every ecosystem stakeholder had to overcome so many setbacks so we could get there Congrats to everyone that participated in building this
TEN BILLION DOLLAR MONTHLY VOLUME TARGET ACHIEVED!!! ⚡️🐴 ▓▓▓▓▓▓▓▓▓▓ 100% 🔥🔥🔥 $rune https://t.co/qTV18yrCDl
Let's get it. Get up and running with the best-in-class cross-chain tech from @THORChain and @Chainflip in a matter of weeks (if not less). Visit https://t.co/4MILxP34rK to learn more 👀 https://t.co/FnvABqEmnL
Another ATH milestone for today - $3 billion TVL for @pendle_fi 🥂 Been an absolute pleasure fellow Pendies but...job's not done 🫡 https://t.co/6mPsIPrRBs
Just look at these numbers that @THORChain is pulling the growth in itself is a sight to see. $RUNE ATH here we come! https://t.co/K5pxFepLNa
First $0.01T Monthly Volume for @THORChain Denominations are important to get right, TC targets start with a T 🤌🏼 https://t.co/dThMRXjL8C
THORChain (combined with @Chainflip @Maya_Protocol @SeraiDEX ) will dwarf CEX in terms of liquidity, users and volume. Make no mistake, the market size for this is not $10bn, not even $100bn. Long term it is $1tn+. Let’s get it. https://t.co/51ew0Xgswr
I’ve been saying this since the early days of multi-chain chaos net: Thorchain’s volume will dwarf CEX volume in the long-run Who is the ultimate beneficiary? - RUNE holders - TC LPs - Node Operators The entirety of crypto as well. FTX showed us why CEXes are fundamentally… https://t.co/rWrldVKuyD
March 2024 was the first month in THORChain history with over $10b in trading volume 🎉 A major win for DEXs, but the goal is unambiguously to flip the volume and liquidity of centralized exchanges. Bitcoin liquidity will live natively, on-chain. Onwards https://t.co/7OsxsErGaK
How to LP BTC, ETH, ATOM, DOGE, and more with @THORChain and @MetaMask on https://t.co/QuupGAqA8j 🦊 ⚡ 👇 https://t.co/w6rlbSR6Jm
Yesterday was the third-largest daily volume in @THORChain history https://t.co/jdU2xnMMxy
💰Little milestone celebration💰 Today @stables_money broke through the $100M mark in volume since Jan. Pretty cool! Back to work now, $1B in the next 3 months?🫡 https://t.co/119JSTF7XT
Runes is coming. You are not ready. https://t.co/8zgnt5YIqY
Runes is gonna get crazy https://t.co/WhIl8SXI7o
$RUNE Closing in on $10 Billi monthly vol https://t.co/frxCdSnUZC
$RUNE is one side of every LP position on @THORChain. ⚡ This makes RUNE an index for BTC, ETH, ATOM, DOGE, and other core native crypto assets! Get exposure as an LP, and easily monitor your position with ShapeShift! 🦊 https://t.co/p34nJYqWM1
Runes will hit 1 Billion within 1 day https://t.co/Is20VaY2OU
Let the cross-chain liquidity flow. $RUNE $FLIP $THOR @SwapkitPowered https://t.co/aU9x8K54cX
Very based of @THORChain to add a $FLIP liquidity pool There is a ton of cross-over in people interested/invested in $RUNE and $FLIP, so this LP pool might be a great place for those people to get a blend of crosschain exposure https://t.co/zaxlxOGj2a
>1B Runes 🚀🚀🚀 https://t.co/7XvK9VOP7i
5 days left, and only 900M additional volume is needed. The first 10B month for @THORChain is incoming. You're not bullish enough on $RUNE. https://t.co/ekkpCRHGT6
If the runes ecosystem marketcap doesn't hit one billion dollars within one month of lauch i will lose 90% of my funds in crypto, so LFG !!!! https://t.co/jpNuvbNhi4