THORChain, a cross-chain liquidity protocol, has seen a remarkable surge in usage and total value locked (TVL) after burning 60 million RUNE last week to enhance its lending capacity, causing $RUNE's value to soar nearly 70% in the past week. The Treasury retains 7m RUNE, 1.4% of the supply, for long-term ecosystem funding. Additionally, THORChain shattered its daily volume all-time high (ATH) three times in one week, with volumes now exceeding half a billion dollars per day. The Ethena yield situation has significantly impacted the cost of borrowing on platforms like Aave, making THORChain's offerings more attractive. Lenders on Aave are demanding 20% to 40% APR for borrowing stables, highlighting the competitive edge of THORChain's lending solutions. Furthermore, THORChain has re-entered the top 3 daily DEX volumes, emphasizing its growing influence in the DeFi space. Recent updates include the resumption of Ethereum transactions after a client update and the continuation of lending services on THORSwap, with all other services fully operational.
Chainflip is processing 6 figure swaps like its nothing, all through @THORSwap. 🤝 This is just the start! https://t.co/RSPMKC7tH5
✅Ethereum has been resumed on @THORChain after a client update following Dencun fork. THORChain devs took additional time to verify functionality across other EVM chains dependent on this library. Lending has also been resumed on @THORSwap. All other services fully operational. https://t.co/ZbVw1ey3Vd
Remember what $BNB did last bull? $RUNE is the decentralized version of Binance. This cycle, crypto is happening on-chain. Not on a company spreadsheet. And this time it's not a company - it's a decentralized network of nodes managing vaults. $RUNE makes it possible.
Loans r back @THORChain https://t.co/G9btTqqbYR
The lending floodgates are open at @THORSwap.
Why are you paying 30% borrow rates on your dollars when you can borrow at 0% via @THORChain lending? It's an absolute no brainer if you're using BTC or ETH as collateral
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.
This is crazy - @aave lenders demanding 20% to 40% APR for borrowing stables. Curious to understand why one would seek to borrow at these rates. Basis trading on CEXs yields ~20-30% APR - what other opportunities are these people looking at? h/t @thiccyth0t for bringing this up. https://t.co/zyReckDfrj
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.