Increased Collateral Onboarding on THORChain
Increased Collateral Onboarding on THORChain
The collateral onboarding rate on THORChain has increased significantly, now reaching up to $1m/hour. This has led to higher lending caps, with the total collateral that can be onboarded at $216m currently. The reflexive nature of RUNE continues to open up more space for loans.
$9m borrowed in 10 days. That's $18m on collateral onboarded ($2m/day) Soon another $120m+ in collateral to be opened up. Onwards.
THORChain Burns 64.9M RUNE, Reducing Max Supply to 360M
**THORChain executed its largest token burn to date**, removing approximately 64.9M $RUNE from circulation through ADR023. **Key Details:** - Total supply reduced from 500M to just above 360M $RUNE - Burn funded by system income from protocol operations - Expected to reach exactly 360M within one month - Nodes will then vote to update MAXRUNESUPPLY Mimir setting from 500M to 360M **What This Means:** Once the supply stabilizes at 360M, the maximum supply cap will be permanently adjusted to match the total supply. Analytics platforms currently showing 500M will update to reflect the new 360M cap. This represents a **28% reduction** in maximum token supply, aligning THORChain's tokenomics with actual circulating amounts.
THORChain Burns 64M RUNE, Monero Wallets Confirm Day-One Support
**THORChain v3.17 Goes Live with Major Supply Burn** THORChain shipped v3.17 this week, executing ADR 023 which burned 64.4M $RUNE from the Protocol Reserve. This brings circulating supply just above 360M tokens. The Reserve was already non-circulating, so there's no price impact—but the cleaner supply picture makes $RUNE easier to understand for newcomers. **Monero Launch Gains Wallet Support** At the THORChain side event during Bitcoin Vegas, Cake Wallet and Edge Wallet both confirmed they'll support $XMR from day one. These two wallets cover an estimated 90% of $XMR holdings—the strongest wallet readiness for any chain launch since Terra, according to Chad. **Key Ecosystem Launches** - **THORWallet** launched a non-custodial Mastercard with Unblock Payments. Swiss-regulated, stablecoin-powered, available in 175+ countries. - **Unstoppable** released a Telegram swap bot for $XMR, $BTC, and $ZEC. Cross-chain, no wallet connection, no logs. - **THORSwap** added $XAU (Tether Gold) for native gold exposure across chains. - **Rujira Network** raised the bRUNE cap to 3 million after the previous 2 million cap filled in 48 hours. - **SwapKit** integrated NUFI wallet, bringing THORChain liquidity to NUFI users for $BTC, $ETH, $SOL, and more. The protocol continues shipping infrastructure while preparing for Monero integration.
THORChain Q1 2026 Report: $2.8B Volume, Solana Integration, and Multi-Chain Expansion
THORChain released its Q1 2026 quarterly report, showcasing significant growth and technical progress across the protocol. **Key Highlights:** - **$2.8B in trading volume** processed during the quarter - **Solana integration** now live, expanding cross-chain capabilities - **New chain support** added for Polygon, Cardano, and Monero **Major UX Improvements:** - Memoless transactions simplify the swap process - Rapid swaps reduce transaction times - Native API launched for developers **Infrastructure Updates:** - Enhanced capital efficiency through tokenomics adjustments - Liquidity upgrades improve pool performance - Protocol v3.17.0 shipped with 100+ improvements The report demonstrates THORChain's continued expansion as a cross-chain liquidity protocol, now supporting a broader range of blockchain networks while refining the user experience. [Read the full Q1 2026 report](https://blog.thorchain.org/thorchain-quarterly-report-q1-2026/)
Why Bridge Hacks Keep Happening and How Atomic Swaps Solve It
**Bridges don't actually move your assets** - they lock them in vaults and issue wrapped tokens as IOUs. When you bridge ETH to Solana, your real ETH sits locked while you receive a synthetic token representing a promise to unlock it later. **This architecture creates a critical vulnerability**: the system must maintain perfect synchronization between locked assets and minted synthetics. Major exploits include: - Wormhole: $320M lost - Ronin: $600M lost - Nomad: $190M lost **THORChain uses a different approach** with atomic swaps. When swapping ETH for SOL, your Ethereum enters a threshold-signature vault while native Solana from a separate vault goes to your address. No wrapped tokens exist. **Key differences**: - Bridge hack → your wrapped tokens become worthless - Atomic swap → transaction either completes or refunds, no synthetic tokens at risk **The tradeoff**: Native swaps are slower and more expensive than bridges, but eliminate the failure mode where users discover their wrapped tokens have no backing. With atomic swaps, you never hold someone else's promise.
THORChain Reports $4B Swap Volume in Q4, Plans Solana and ZCash Integration
THORChain released its Q4 2025 ecosystem report showing significant activity across its decentralized liquidity protocol. **Key Metrics:** - $4.02B in swap volume - 108,000 unique swappers - 1.22M total trades - $5.02M collected in swap fees - Beta launch of swap.thorchain.org **2026 Roadmap Highlights:** - Solana integration - ZCash support - Rapid Swaps feature The numbers represent a slight decrease from Q3's $4.5B volume and 1.8M swaps, though the platform maintained strong user engagement with over 100,000 active swappers. [Read the full report](https://blog.thorchain.org/thorchain-q4-2025-ecosystem-report-2026-roadmap/)