THORChain Achieves Record Swap Volume, Lending Activity Surges
THORChain Achieves Record Swap Volume, Lending Activity Surges
🚀 Record Volume, Lending Boom
THORChain, a decentralized cross-chain liquidity protocol, has reported record swap volume exceeding $20 billion since the start of 2024, with over half of this volume generated in the last month alone. The platform has also witnessed a significant increase in lending activity, with collateral deposits of Bitcoin and Ethereum surging in recent weeks. THORChain's lending module allows users to borrow against their cryptocurrency holdings without interest or expiration, providing a unique opportunity in the DeFi landscape. As the protocol continues to gain traction, industry observers anticipate further growth in THORChain's swap volume and lending activity in the coming months.
🌊 Streaming swap has started [9c5u]: 68.0 BTC ($4.7M) → ⚡ → ETH / 485.8ᚱ clout 299 swaps every 3 blocks, duration is about 1 hour 29 min + outbound delay. Track Tx: track.ninerealms.com/AA0E55E881FB61…
THORChain just passed $40b in total volume 🎉 For months now, processing >$100m every 24h Next target? $1 billion in daily volume Onwards
Since the start of 2024, swap volume on @THORChain has exceeded $20 billion, with over half of this volume generated in the last month alone. As we move into Q2, what can we anticipate for @THORChain's swap volume?
WOW one of the biggest opportunities to eat a DeFi platform's lunch has just presented itself for @THORChain MakerDAO has "Temporarily" raised their interest rate to 17.25% as of 12 hours ago. I was running math on my vault and I am now paying $60,375 PER YEAR in interest
Just pulled some lending numbers. 3968 total loans to date on THORChain. 3046 come from THORSwap. THORSwap accounts for > 76% of all loans. By volume: $37,685,622 / $46,964,769 Collateral TS/TC (80.24%) $14,550,546 / $18,398,112 Borrowed TS/TC (79.09%) Basically, 80% of all
> they don’t know @thorchain lending is an option
🏦→ Loan open [58nx] Collateral deposited: 3.0 BTC ($209,550) CR: x2.0 Debt: $104,643 Target asset: BTC dashboards.ninerealms.com/#lending
$RUNE Highest monthly volume on @THORChain and we are not even halfway through the month....we are gonna see Billion dollar daily volumes soon. #THORChads #Thorchain
I'm doing a small scale test of borrowing BTC against my BTC using shapeshift.com So far, I am liking what I am seeing.
Approaching the Peak: @THORChain Nears All-Time High Trading Volume 🔹The rise of the $RUNE Ecosystem has been significant, as the ecosystem is currently processing over 100M in daily volume. 🔸@Thorchain can capitalize on the latest volatility, as the DEX is perceived as
🌊 Streaming swap has started [6e8e]: 6.0 ETH.WBTC ($402.0K) → ⚡ → BTC / 14.4ᚱ clout 192 swaps every 3 blocks, duration is about 57 min 36 sec + outbound delay. Track Tx: track.ninerealms.com/664A3BFC10F1F3…
Opened a fairly substantial loan (option) with @THORChain. Process was straightforward. Try it out! @THORSwap @ShapeShift
$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.
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This one chart summarizes @THORChain's journey to becoming the #1 cross-chain DEX in the industry. The network survived the Terra blow up, 2 year bear market, and growing pains while scaling, and now its doing >$1b in volume per week. We have more scaling to do, onwards.
🏦→ Loan open [0787] Collateral deposited: 520.7 ETH ($2,097,543) CR: x2.0 Debt: $1,047,035 Target asset: ETH.USDC dashboards.ninerealms.com/#lending
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Collateral is being onboarded onto THORChain at a rate of $1m/hour. Previously it was $1m/day. At this rate, lending caps will be full in a week. However, Lending Caps are based on RUNE:L1 prices. Any price reflexivity will result in a higher collateral cap.
Dip or not, @THORChain lending demand is accelerating. Last 24h 55 BTC (~$4M) and 1306 ETH (~$5M) were deposited, causing $4.5M $RUNE to be burned.
Liquidity on @THORChain is surging. This surge could be attributed to the price action of $RUNE, which increases the value of liquidity pools when measured in dollars. However, the question arises: Is this surge affecting the profitability of liquidity providers (LPs)?
Retail may not be here already, but when they are, one thing is certain: @lifiprotocol will be part of their foray into crypto. Robinhood — the home of retail. MetaMask — the entry point to the EVM ecosystem. Phantom — the gateway to the memecoin casino. All of them have one
🌊 Streaming swap finished 👤[c819]: 120.0 $ETH → ⚡ → 6.1 $BTC ($435.3K) ShapeShift Aff. fee: $435.3 (0.1%) Slip: 0.030 %, liq. fee: $221.3 ⏱️ Time: 2 min 36 sec. runescan.io/tx/A0CDA7D6716…
We're gonna see @THORChain regularly do a steady $1B+ 24h volume this cycle aren't we... Yet the industry is still widely unaware of the crucial role Thorchain provides, guess we're still early eh?
🌊 Streaming swap has started [1123]: 350.0 ETH ($1.1M) → ⚡ → BTC / 2,058ᚱ clout Swaps every 10 blocks. Track Tx: track.ninerealms.com/A24DB72E2AB06E…
Loans are streaming in at a huge rate. As RUNE is reflexive, the space just keeps opening up. The caps (right now) can now onboard a total of $216m in Collateral. Let's gooo!
At least they are talking about us. I wouldn't advise anyone to put #BTC into @thorchain without having done proper due dilligence. For the majority it is better to hodl cold storage. But thorchain offers a fantastic option to those willing to take the risk. #RUNE
Time to watch the next class get REKT. Nothing comes without risk. Ever. Protect your #Bitcoin at all costs.
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
🏦→ Loan open [hye3] Collateral deposited: 4.96 BTC ($325,293) CR: x2.0 Debt: $162,356 Target asset: BTC dashboards.ninerealms.com/#lending
@THORChain is the leading player in this category of cross-chain BTC/ETH DEX, and it achieved $2.29B in trading volume last week, surpassing Curve Finance. This implies that smart money is gradually shifting from BTC to ETH in parts.
🌊 Streaming swap has started [1123]: 350.0 ETH ($1.2M) → ⚡ → BTC / 1,982ᚱ clout Swaps every 10 blocks. Track Tx: track.ninerealms.com/D5C33D551576A6…
THORChads grind. The last 3 years everything has been thrown at the protocol and yet currently shooting for ATH metrics. Onwards. $RUNE
This one chart summarizes @THORChain's journey to becoming the #1 cross-chain DEX in the industry. The network survived the Terra blow up, 2 year bear market, and growing pains while scaling, and now its doing >$1b in volume per week. We have more scaling to do, onwards.
new loan activity today new Collateral totals: BTC: 53.86 ETH: 649.54
I noticed from @THOR_InfoBot this huge $eth LP deposit 22 days ago. They’re currently up 70 eth already ⚡️🔥
🐳→⚡ Add liquidity 👤[46d9]: 212.5K Rune ($1.9M) ↔️ 2.0M $USDC (ETH) ($2.0M) Total: $3.9M (12.52% of pool) Pool depth is $31.1M now. runescan.io/tx/307860A788C…
People can borrow 50% against their $BTC on @THORChain with 0% interest and no liquidations… and this BUYS and BURNS $RUNE off the open market… and the current caps allow another 20M $RUNE to be bought and burned… and nearly nobody understands this yet… interesting.
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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: thedefiant.io/thorchain-thun…
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🏦→ Loan open [q36j] Collateral deposited: 2.0 BTC ($135,418) CR: x2.0 Debt: $67,637 Target asset: ETH.USDC dashboards.ninerealms.com/#lending
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THORChain investment thesis: 1. @THORChain's fundamentals are arguably at an all time high: users, volume, liquidity, network effect, integrations, features, etc. It's a battle tested protocol with a large moat and strong community behind it. This is reason enough for an
This Thorchain lending with native #Bitcoin collateral might be a very big deal. - Unlocks DeFi for Bitcoin - Never sell your BTC, just borrow against it - No liquidations, so no cascading liquidations: 'fuck begets fuck' never gets rolling. - No stored collateral, so nothing to
🌊 Streaming swap finished 👤[tzxz]: 10.3 $BTC → ⚡ → 689.1K $USDT (ETH) ($688.6K) Aff. fee: $4.8K❗ (0.7%) Slip: 0.040 %, liq. fee: $351.4 ⏱️ Time: 12 min 24 sec. runescan.io/tx/DEDB550E4B7…
🏦→ Loan open [2f8a] Collateral deposited: 21.0 ETH ($72,403) CR: x2.0 Debt: $36,239 Target asset: ETH.USDC dashboards.ninerealms.com/#lending
🌊 Streaming swap has started [0663]: 400.0 ETH ($1.5M) → ⚡ → BTC / 10.3ᚱ clout 91 swaps every 9 blocks, duration is about 1 hour 21 min + outbound delay. Track Tx: track.ninerealms.com/D34806F10CB77F…
🌊 Streaming swap finished 👤[zqmu]: 2.9 $BTC → ⚡ → 56.3 $ETH ($203.5K) Aff. fee: $1.4K (0.7%) Slip: 0.030 %, liq. fee: $106.8 ⏱️ Time: 1 min 12 sec. runescan.io/tx/3817E943671…
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🏦→ Loan open [a352] Collateral deposited: 50.0 ETH ($177,566) CR: x2.0 Debt: $88,630 Target asset: ETH dashboards.ninerealms.com/#lending
Lending on @THORChain averages around 5% of the daily volume (in purple), which is a notable increase since 2024. Despite not dominating the volume metrics, it remains a pivotal component of THORChain's ecosystem and strengthens THORChain's position in the DeFi landscape.
Anyone know what fraction of this 10B is purely from lending? Looks like there is 15M $RUNE worth of collateral deposited so approx 130M USD. So even if 1 deposit causes 2 or 3 swaps, it's still only a small fraction of all the volume right?
🌊 Streaming swap finished 👤[8e77]: 211.0K $USDT (ETH) → ⚡ → 3.1 $BTC ($209.2K) Aff. fee: $1.5K (0.7%) Slip: 0.040 %, liq. fee: $104.3 ⏱️ Time: 3 min 48 sec. runescan.io/tx/130E8B892B5…
🌊 Streaming swap finished 👤[tkes]: 5.8 $BTC → ⚡ → 115.2 $ETH ($404.4K) THORSwap Aff. fee: $1.2K (0.3%) Slip: 0.030 %, liq. fee: $206.8 ⏱️ Time: 7 min 30 sec. runescan.io/tx/8846ACFD883…
⚡DeFi degens have piled more than $100 million into Thorchain after the cross-chain liquidity protocol raised its collateral limits. The surging activity follows a spike in Thorchain's volume and TVL 👀 Read More: thedefiant.io/thorchain-loan…
🏦→ Loan open [su69] Collateral deposited: 2.57 BTC ($169,349) CR: x2.0 Debt: $84,558 Target asset: ETH.USDC dashboards.ninerealms.com/#lending
About 500 BTC and 9500 ETH deposits in 1 week. x.com/Orion_9R/statu…
Update a week later Collateral BTC: 541 ETH: 10,034
🏦→ Loan open [6341] Collateral deposited: 42.0 ETH ($150,182) CR: x2.0 Debt: $75,110 Target asset: ETH dashboards.ninerealms.com/#lending
🏦→ Loan open [4837] Collateral deposited: 50.0 ETH ($178,855) CR: x2.0 Debt: $89,168 Target asset: BTC dashboards.ninerealms.com/#lending
⚡BREAKING: New monthly volume ATH on THORChain and we are only halfway through March. Previous ATH- $5.17 B, November. $RUNE onwards!
🐳→💰 Add to savings vault 👤[kwc2]: 3.0 synth $BTC Total: $194.6K Savers cap is ▰▰▰▰▰▰▱▱▱▱ (61.8%) full. You can add 1.5K BTC more. runescan.io/tx/A624F33669A…
🏦→ Loan open [4cy7] Collateral deposited: 7.5 BTC ($509,221) CR: x2.0 Debt: $254,284 Target asset: ETH.USDC dashboards.ninerealms.com/#lending
Now tracking THORChain Lending on @THORChain THORChain Lending provides USD-denominated loans against native assets as collateral, with no interest or expiry
Over $3.1 BILLION traded on @THORChain in the past 7d. The utility is real. Resilient project. Don't fade. 💫 $RUNE
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The integration of @THORChain into @lifiprotocol has experienced a consistent increase in swap activity, with close to 500 swaps conducted. A peak of 48 swaps occurred on 24th March 2024, marking it the highest number of swap transactions.
The redemption arc has begun. ATH in swaps, volumes, users, TVL. THORChads have ground, worked, hustled and shipped for years for this moment. The largest cross-chain DEX is about to become much, much larger. Onwards.
🏦→ Loan open [jap2] Collateral deposited: 2.0 BTC ($131,480) CR: x2.0 Debt: $65,680 Target asset: ETH.USDT dashboards.ninerealms.com/#lending
Steady demand for @Thorchain lending, up and to the right. We remain on course.
🏦→ Loan open [4268] Collateral deposited: 36.0 ETH ($129,004) CR: x2.0 Debt: $64,489 Target asset: ETH.USDC dashboards.ninerealms.com/#lending
$0 liquidations on @THORChain lending. That's it. $RUNE
🏦→ Loan open [BtiB] Collateral deposited: 7.0 BTC ($469,565) CR: x2.0 Debt: $234,527 Target asset: BTC dashboards.ninerealms.com/#lending
Update -- I have now successfully used Thorchain's native #Bitcoin lending at low power. I put in $527 worth of native #Bitcoin as collateral (.0077 BTC) (Note: I needed to use the local @ShapeShift Bitcoin wallet -- I could not get it to work with OKeX web wallet and
So @THORChain currently has space for 17.82m RUNE worth of collateral for new loans. At a $RUNE price of $11, this is ~ $200m worth of collateral that can be deposited into TC. 50% of loan collateral is used to market buy and burn $RUNE. This creates a price agnostic $100m bid
TEN BILLION DOLLAR MONTHLY VOLUME TARGET ACHIEVED!!! ⚡️🐴 ▓▓▓▓▓▓▓▓▓▓ 100% 🔥🔥🔥 $rune
$RUNE long and strong.... has the best fundamentals and usage at ATH. Pool Liquidity at #AllTimeHigh and it's not gonna stop anytime soon. It's @THORChain 's time to #ReignOn
Since yesterday's lending cap increase: ⚡️1M $RUNE ($7M) burned ⚡️88 BTC (+23%) in BTC collateral onboarded ⚡️ 1485 ETH (+40%) in ETH collateral onboarded Showing no signs of stopping
What happens next: 1) 100% of nodes update: V1.128 code path executed 2) 60,000,000 $RUNE moved into RESERVE and insta-burned 3) Lending Caps opened ~$100m in Collateral Space opened 4) Resume onboarding collateral at a rate of $1m/day Who's ready?
🕖 Version upgrade progress ▰▰▰▰▰▰▰▰▰▰▰▰▱▱ 83 % 85 of 102 nodes upgraded to version 1.128.0. ⚡️ Active protocol version is 1.127.2 (17 nodes). * Minimum version among all active nodes.
RUJI Token Launch and Protocol Update
The RUJI token officially launches today, marking a significant milestone for the Rujira Network ecosystem. This follows the successful deployment of RUJI Trade and RUJI Pools earlier this month. Key updates: - RUJI token goes live for trading - Trading and liquidity pools operational - Initial asset selection limited but expanding - Protocol supports major cryptocurrencies including BTC, ETH, BNB, and Cosmos assets The platform continues to build infrastructure supporting decentralized trading and liquidity provision across multiple blockchain networks.
THORChain Video Update
THORChain continues its regular video communication series, marking the third update in the past 6 months. These videos provide technical updates and development progress for the decentralized liquidity protocol. Key points from recent updates: - Protocol stability improvements - Cross-chain liquidity enhancements - Infrastructure upgrades for wallet integrations These consistent updates demonstrate ongoing development activity and transparency in communication with the community.
THORChain Upgrade Enhances App Layer and Node Operations
THORChain has implemented a significant network upgrade focusing on two main areas: - **App Layer Enhancement**: Developers now have expanded capabilities to build and scale applications - **Node Operations**: Improved safety and efficiency for THORNode operators - **Technical Improvements**: Better developer workflow and user experience - **Chain Compatibility**: Enhanced support for BTC/ETH innovations Recent data shows growing adoption: - 30K+ active monthly swappers - 70% new users each month - Increasing small-value transactions (<$1K) - Improved price execution for all wallet sizes The upgrade positions THORChain as both a cross-chain hub and DeFi foundation layer.
THORChain Development Update: App Layer, Node Operations, and Technical Improvements
**Key App Layer Updates:** - NAMI Index integration approved for mainnet deployment - Levana Protocol's RUJI Perps contracts authorized - Smart contracts can now deploy other contracts independently **Node Operation Enhancements:** - New maintenance mode for planned validator downtime - Mimir vote deletion capability added - Refund system for incorrect bond slashes implemented **Technical Improvements:** - Direct IBC deposits now supported - Extended BTC transaction memo capacity - TVL caps removed for native assets - Enhanced block handling in Thorscan - Support added for EIP-7702 Ethereum transactions *Base-layer security remains unchanged throughout these updates.*
Protocol Update 3.7.0 Receives Strong Community Approval
The decentralized protocol's latest upgrade proposal (3.7.0) has secured significant community backing, with 77.3% of voters supporting the implementation. Key points: - Successful governance vote with over 3/4 majority - Update 3.7.0 introduces protocol improvements - Implementation timeline to be announced The update represents a meaningful step forward for the protocol's development and operational capabilities. Technical details and full implications of the upgrade will be detailed in an upcoming comprehensive breakdown.