Thorchain

The outbound fee multiplier on Thorchain has been reduced from 1.5x to 1x, allowing users to pay less on gas fees for every swap. Additional fee improvements are expected in the near future.

Participate in the new Thorchain Swaps trading competition by swapping any coins using Kensho DEX with THORChain as the swap route before March 20th, 14:00 ET, for a chance to win 500 USD. Don't miss out on this opportunity!

Despite facing challenges in the past three years, the Thorchain community is currently aiming for all-time high metrics. The community remains focused and determined to surpass previous achievements.

A Layer1 DEX Fund is being set up to invest in ecosystem teams such as THORChain, Chainflip, Maya Protocol, and SeraiDEX. This initiative aims to leverage the strong potential of the cross-chain collaboration. Those interested can send a direct message for more information.

Thorchain highlights a successful $1 million swap executed at 3 basis points, showcasing the platform's efficiency as a global settlement layer for native assets. The platform aims to continue improving with features like trade accounts, order books, and rapid swaps.

The value of corn has risen to $54k, resulting in an increase in native BTC in the THORChain Pool from ~480 to ~1,260. THORChain is solidifying its position as the native BTC Rails.

THORChain announced they will enable native withdrawal of RUNE in the next few days. Bybit has purchased approximately $8m worth of RUNE to reimburse users after realizing the BEP-2 version is worthless following client withdrawals and complaints.

Lending caps are at 91% capacity currently. Next week, an additional 20 million RUNE worth $110 million will be added to the space. Exciting times ahead for Thorchain!

In a recent announcement, @THORChain shared that the platform has reached a new milestone with a total borrowed amount exceeding $10M, specifically totaling $12,824,256. This achievement comes after the previous milestone of $5M was reached 2 months and 16 days ago.

Thorchain is set to introduce several new features including raising the lending cap, Memoless, Orderbooks, Perps, and integration with Solana. The goal is for Thorchain to become the largest and most equipped DEX with complete CEX feature-parity by the end of the year.