THORChain's App Layer: The Next Major Network Upgrade
THORChain's App Layer: The Next Major Network Upgrade
馃敤 THORChain's secret weapon?
THORChain is set to introduce its App Layer, a significant upgrade to the network. This new layer will bring several advanced features to the platform:
- Lending: Expanding financial capabilities
- Orderbooks: Enhancing trading infrastructure
- Perps: Introducing perpetual contracts
These additions aim to diversify THORChain's offerings and strengthen its position in the decentralized finance ecosystem. The upgrade is expected to provide users with more sophisticated trading and financial tools, potentially attracting a wider user base.
While specific launch dates are not mentioned, the repeated announcements suggest that development is progressing steadily.
Perp markets Coming soon to THORChain App Layer
馃殌 Levana is proud to announce that we will be building Ruji Perps alongside @THORChain & @TeamKujira, as part of the Rujira Alliance. 馃敟 Levana will build the first & only perps on Rujira/$RUJI. 馃У Let's dive into what this means馃憞
THORChain鈥檚 App Layer is the next major upgrade to the network Lending, Orderbooks, Perps, and much, much more. All coming to the THORChain App Layer
We are pleased to announce that Rujira landing page and docs are now live 馃コ Born from the powerful merger of KUJIRA and @THORChain, Rujira and $RUJI will be uniting fragmented DeFi tools into a brand new, seamless experience. Users will be able to access native cross-chain
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.