Thorchain

Thorchain has introduced a fee-regime with a minimum fee of 5BP, allowing users to pay more if they are impatient. This fee-regime helps to counteract sandwich attacks and encourages wallets to compete with each other rather than with Thorchain. Users have shown willingness to pay up to 70BP on large swaps.

THORChain is providing infrastructure for wallet-based Layer 1 (L1) swaps, attracting users and generating income. A transaction worth $7.1k has been processed.

As of 2024, major wallets can now offer trading routes without requiring registration or KYC. Additionally, users can earn sustainable income through affiliate fees. Reach out to get started.

A proposal for RUNEVault 2.0 has been made to allow RUNE Vaulters to underwrite Savers in a separate cohort, offering them a higher yield bracket. This will help derisk the Thorchain protocol and benefit all holders.

Thorchain's plan to onboard $1bn in Total Value Locked (TVL) involves the use of Savers and Protocol Owned Liquidity (PoL). Savers split LP'ing into two cohorts, offering lower risk and lower return. PoL is set to enter 1:1 when Savers enter, doubling TVL rates. In the future, only the first person to create and list a pool will be dual-LP, with PoL taking up the responsibility afterwards. Users are encouraged to provide liquidity via Savers, which eliminates impermanent loss, RUNE exposure, and leverage. The update also makes PoL more sticky, allowing it to stay in the pool for longer and generate yield to offset long-term impermanent loss. This strategy aims to drive mass adoption and reach a TVL of $1bn.

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.