Thorchain

Thorchain has achieved a daily volume of $0.5bn with a total value locked (~TVL) of $0.5bn. Discussion is ongoing on the possibility of reaching $1bn on $1bn, with speculation about the potential for $10bn on $10bn this cycle.

Thorchain has launched a new feature for Bitcoin lending with 0% interest, unlimited term, and borrowers can access up to 50% of their collateral. This is a unique offering in the market, different from existing projects like MIM, Liquity, and AAVE. The community is still studying the new feature and seeking feedback.

$660 million in daily volume on THORChain, with BTC accounting for nearly half. THORChain now accounts for over 98% of decentralized Layer 1 BTC swap volumes, highlighting its dominance in the space. The community dismisses centralized exchanges as they are viewed as IOUs on a SQL database.

THORChain community notes a surge in loans following the implementation of a 50% Loan-to-Value ratio and 200% Collateral Ratio. This change has attracted more users to engage in loans, with many choosing to participate after initial hesitation. The community anticipates an exciting development and expresses interest in observing the outcome.

Collateral is continuously being deposited into Thorchain (TC), causing the caps to increase due to the reflexivity of the RUNE:L1. The trend of increasing caps indicates a continuous influx of collateral into the platform.

#asgardex aims to reward users based on user growth, with sub $500 trades now affiliate free on both Maya Protocol and Thorchain. A new version of Asgardex is set to be released soon. :rocket:

$442 million in volume has been recorded on $426 million in liquidity, reaching All-Time High numbers. However, the goal of surpassing $1 billion in volume is yet to be achieved.

In a recent update from @THORChain, it was announced that over 50M RUNE has been burnt, specifically reaching 63,046,772 ᚱ. This milestone surpasses the previous mark of 2M ᚱ achieved 3 months and 22 days ago.

THORChain's $RUNE ecosystem is approaching an all-time high trading volume, processing over 100M daily. The project's fundamentals are strong, demonstrated by growth in users, liquidity, and features. Despite past issues, the team has proven resilient. THORChain is valued for providing financial freedom and is gaining traction with increasing users and affiliate returns.

THORChain has released a new protocol version 1.128.0 with 4 nodes, while the active protocol version remains at 1.127.2 with 98 nodes. The minimum version required among all active nodes has been highlighted.