Thorchain

Based on a calculation, if the current revenue of 84 million is multiplied by a price-to-earnings ratio of 20x, the potential valuation would be $1.7 billion. The suggestion is to increase these numbers by 100x.

Thorchain's primary KPIs, including volume, users, and TVL (Total Value Locked), have been performing exceptionally well, exceeding expectations.

Leap Cosmos has announced that it now supports $RUNE, the native token of the Thorchain network. This integration will enhance the accessibility and usability of $RUNE for users of the Leap Cosmos platform.

In 2024, Thorchain has been experiencing daily record-sized Bitcoin swaps, indicating the year of Bitcoin swaps.

LiFi Protocol has announced that they will soon be launching Bitcoin swaps. Multichain wallets are encouraged to prepare for this new feature.

In 2024, Bitcoiners will have the opportunity to learn about DeFi on Bitcoin, which currently occupies approximately 1% of the daily global BTC spot market. This development allows users to swap, earn, and borrow against native L1 BTC, as using wrapped BTC is no longer sufficient. This is being considered as one of the largest opportunities ever seen in the crypto industry, potentially leading to a decline in centralized exchanges (CEXs).

Streaming Swaps, a new feature in Thorchain, was built upon years of decentralized L1 trading innovation. It introduced the concept of time domain to L1 settlement, marking a significant development in the ecosystem.

Thorchain does not have an official interface, but users can access its features by using an API query to a node and an L1 transaction. Interfaces that integrate Thorchain's features early on and provide user-friendly UIs will gain market share.

Thorchain is preparing for the year 2024 with plans to release ATH TVL, volumes, and user numbers. The focus is on achieving their goals and progressing forward.

According to recent analysis, trading directly on THORChain would have resulted in the lowest fees, with only $138.45 and 5BP slippage. In comparison, other options such as Asgardex, ShapeShift, and THORSwap would have charged significantly higher fees ranging from $402 to $930 and slippage ranging from 10BP to 30BP.