THORChain v3.​14.​0 Fixes Critical Swap Delays and Vault Issues

THORChain's Rapid Swaps feature processed a significant cross-chain transaction: **22.5 BTC swapped for 718.4 ETH** ($1.6M) in 30 minutes. **Key Performance Metrics:** - Completed **41% faster** than standard streaming swaps - Saved approximately **12 minutes** of execution time - No wrapped tokens or bridges required Rapid Swaps enable multiple sub-swaps to execute within the same block by matching opposing trades against each other rather than solely against liquidity pools. This peer-to-peer matching layer sits on top of the AMM, allowing simultaneous BTC→ETH and ETH→BTC swaps to settle instantly at fair prices. **How It Works:** - Builds on existing Streaming Swaps technology - Nets out swaps moving in opposite directions - Maintains price quality while reducing execution time Frontends must explicitly activate the feature. The protocol distributes 75% of network revenue to nodes and liquidity providers, with a portion burned daily. Transaction data: [boone.tools/rapid-swaps](http://boone.tools/rapid-swaps)

THORChain has released its State of the Network report for March 2026, providing insights into the protocol's performance and key metrics. **Key Highlights:** - Network activity and liquidity metrics for the month - Updates on cross-chain swap volumes across supported chains - Performance data for BTC, ETH, BNB, and Cosmos integrations - Earnings and yield information for liquidity providers The report offers transparency into THORChain's decentralized liquidity infrastructure, which continues to serve wallets and exchanges with cross-chain swap capabilities. [Read the full report](https://blog.thorchain.org/state-of-the-network-march-2026/)

**March Activity Overview** THORChain processed **$801M in swap volume** during March, maintaining operations despite quieter market conditions. **Key Metrics:** - RapidSwap now represents **11.6% of total volume share** - **105 nodes** continue securing the network - SOL swaps restored and operational - Revenue and yield dynamics shifted throughout the month **Infrastructure Performance** The protocol continued processing swaps consistently while the team focused on building and improving core functionality. The network maintained stability across all supported chains. Full March report available with detailed breakdown of revenue distribution and yield changes.

**Status is restructuring its developer fund** with a new wallet and updated framework. **Key Changes:** - Migration to a new, more secure wallet address - Dedicated funding streams for core development and Status L2 - Enhanced transparency with public visibility on Etherscan **What the Fund Supports:** - Core app development - Status L2 rollout - Grants and contributor payments - Ecosystem expansion The migration involves moving the full balance from the 8-year-old developer fund to a new multisig wallet. The core development funding structure outlined in the whitepaper remains unchanged - only the wallet address is being updated. Transaction details are being shared through Discord and Status community channels for full transparency.

**THORChain developers explain the technical process for adding new blockchain networks to the protocol.** Kenton Prescott and Chad Barraford provide a detailed walkthrough of how new chains get integrated into THORChain's cross-chain liquidity infrastructure. The discussion covers: - Technical requirements for chain compatibility - Development and testing procedures - Security considerations and auditing steps - Timeline expectations for integration This transparency offers insight into THORChain's expansion strategy and the complexity involved in maintaining secure cross-chain swaps across multiple blockchain networks.