In the past week, trading activity on the decentralized exchange (dex) Thorchain has experienced a significant surge, reaching $1.854 billion in trade volume. Data shows that Thorchain is currently the third-largest dex in terms of volume, following the popular dex protocols Uniswap and Pancakeswap. 2% of Global Bitcoin Spot Trading Channeled Through Thorchain In the…
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THORChain’s $1.32 billion in trading volume over the last week only trails Uniswap and PancakeSwap among decentralized exchanges. Native asset settlement protocol THORChain has recorded the third-largest trading volume among decentralized exchanges in the last week, with users seemingly attracted to the high yield offered adjacent to its native token, RUNE (RUNE). Over the last…
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On October 6, 2023, Thorswap halted its services temporarily. However, the platform recently declared its return to full operation with some notable modifications. An array of approximately twelve countries are now barred from utilizing Thorswap, while the decentralized exchange (dex) platform’s operators disclosed a collaboration with an organization to introduce “some extra guardrails” aimed at…
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The decentralized exchange (dex) Thorswap has paused operations after a series of funds stemming from the FTX hacker was sent to the dex protocol. Thorswap took to social media and said that the team “stands firmly against any and all criminal actions.” Thorswap Pauses Amidst FTX Hack Fallout; RUNE Value Takes a Hit After the…
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Fool me once, shame on you. Fool me twice — shame on me. Fool me three times… or four? How a community-focused project regained its footing, where others stumbled and fell. THORChain hasn’t had an easy year. After three exploits in the space of a month during the summer the protocol’s native token (RUNE) took…
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