Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçe
Portfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio Tracker24h ReportPress KitAPI Docs
Rank #67

THORChain Price

RUNE

$6.442

2.21%

฿0.00006358

THORChain Price Chart (RUNE)

Price
TradingView
1h24h1w1m3m6m1yAll
Swap
loading
$0
$0

Save on CoinStats Fees

Enjoy 0% Fees with Premium

Go Premium

Market Stats

Bull Market Price
10000$
37%
Market Cap
$2,195,674,260.351
Fully Diluted Valuation
$2,680,429,323.584
Circulating Supply
340,817,315
Total Supply
416,062,046
Volume 24h
$105,684,131.829
Price Change (1h)
0.72%
Price Change (24h)
2.21%
Price Change (7d)
11.77%
All Time High

May 19, 2021

$20.87
69.11%
All Time Low

Sep 28, 2019

$0.01
75,612.36%
THORChain Price Update

THORChain price is $6.442, up 2.21% in the last 24 hours, and the live market cap is $2,195,674,260.35. It has circulating supply of 340,817,315 RUNE coins and a max supply of 416,062,046 RUNE alongside $105,684,131.829 24h trading volume. Now, you can view this coin price in INR.

Notes

Crypto Converter

RUNE

RUNE

Holdings

About THORChain

THORChain (RUNE) is a permissionless cross-chain liquidity platform. It has the ability to support interoperable blockchain communication and is a non-custodial liquidity marketplace that allows users to swap assets easily through multiple networks. These are known as cross-chain transfers.


To achieve this, the THORChain (RUNE) builds bi-directional bridges between two blockchains, and as such, as a user, you have the ability to freely swap through multiple networks in a permissionless, non-custodial way. The idea behind this protocol is the cross-chain transactions, and the team behind the project genuinely believes that centralized exchanges have a flawed transfer system and that users cannot find sufficient liquidity within them.


Who Are the Founders of THORChain 


Thorchain has no CEO, no founder, and no directors behind it, all future development is organized through Gitlab. Those that work on the project are anonymous.


What Is RUNE Used For


In terms of its technology, THORChain does not only work as a protocol but also relies on a set of technologies that allows a solution to a variety of issues found within the DeFi space. The protocol uses an automated market maker (AMM) technology which allows users to trade assets in a permissionless as well as the automatic way where the system uses CLPs to provide liquidity instead of relying on an order book method when it comes to finding the buyers as well as the seller.


Furthermore, THORChain (RUNE) is a Tendermint-based network which is a replication software that allows developers to build customized blockchains as well as decentralized applications (dApps) and uses Byzantine Fault Tolerance (BFT) consensus where it sets a trust-issue situation where the system needs to reply on the actors in order to address failures or attacks, and in the goal of avoiding Sybil attacks, THORChain uses a proof-of-stake (PoS) algorithm. This impacts Thorchain price.


THORChain runs a system that is conducted through validators that need to bond RUNe which is the native asset of the protocols and they are allowed to validate the transactions as well as run network nodes through the process of staking their tokens.


In other words, Thorchain uses the adoption of another DEX's lending system, Bancor's continuous landing pools in order to facilitate trades. Within these trades, all of the assets are deposited in liquidity pools and shared with one other asset that is the token.


RUNE is then swapped against other assets in all trades, and in a swap for one asset for another, the protocol conducts two trades. The double swapping is what allows the decentralized swapping of assets across chains to be non-custodial.


Regarding the RUNe token itself, it is used for governance, staking, bonding, rewards as well as trading, and is what makes Thorchain work. RUNE is traded against other assets in every pool on Thorchain and provides a bridge for assets from different blockchains. Staking RUNE earns users' votes on the governance proposals and fees from trading, and bonding RUNE lets nodes validate the transactions and earns new RUNE generated each block.


Due to the fact that incentives push users to bond 2x the amount of RUNE that is provided to the liquidity pool, the tokenomics are developed in a way through which the price of RUNE increases deterministically. According to the team, the price of RUNE naturally increases.


Note that the nodes underpin all of the THORChain services and they have three primary functions, Bonding RUNE, creating vaults, and producing blocks. Every node is run by a node administrator and they receive bond rewards for helping in the maintenance of the network, and the total they earn is two-thirds of all system income. 

The nodes are created every three days and need to compete with one another using the bonded capital.


Now, in order for the network to remain fresh, the older nodes need to be churned out of the system and replaced, and the nodes benefit from their anonymity with plausible deniability across all of the transactions.


The Thorchain network is a decentralized liquidity network that offers deep liquidity and cross-chain token swaps by liquidity providers. Thorchain tags and tendermint consensus mechanism use the governance token RUNE as a base currency and have information contained in multiple blockchains. It can use Cosmos SDK as well, and all of this impacts the THorchain price.


Instead of just being a protocol, it provides far more than just a protocol would and is a complete ecosystem specifically designed to solve all of the problems regarding cryptocurrency exchanges in their current state.


Where Can You Buy RUNE


THORChain has an available supply of 272,006,997 and a total supply of 500,000,000 coins.  If you want to buy, sell or trade THORChain (RUNE), you can do so on exchanges such as Binance Futures, Binance, FTX, WazirX, and CoinTiger.

Check out our step by step guide on how to buy THORChain

Read More

Categories

Related Assets
THORChain Holders Also Hold

Explore altcoins commonly held by THORChain investors and discover new opportunities.

Trending Cryptocurrencies

Assets with the largest change in unique page views on CoinStats in the last 24 hours.

Similar Market Cap

Among all the assets available on CoinStats, these have the most similar market capitalization to THORChain.

THORChain Markets

See More
#ExchangePairVolume (24H)Volume (%)PriceLast Updated
1
Binance FuturesBinance Futures

RUNE/USDT

$92,533,078.95887.5%

$6.439

Recently

2
BinanceBinance

RUNE/USDT

$77,485,384.2973.27%

$6.442

Recently

3
HyperliquidHyperliquid

RUNE/USD

$21,819,740.78420.63%

$6.452

Recently

4
BingX FuturesBingX Futures

RUNE/USDT

$20,523,341.9919.41%

$6.445

Recently

5
WhitebitWhitebit

RUNE/USDT

$12,696,534.56512.01%

$6.443

Recently

6
BitMartBitMart

RUNE/USDT

$10,384,719.8219.82%

$6.437

Recently

Also Check THORChain Price On

Attention IconDisclaimer

No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion.