Thorchain

In November, Thorchain saw a significant milestone with one hundred thousand unique swappers using the platform. This highlights the growing popularity and adoption of Thorchain as a decentralized exchange for swapping digital assets.

On December 2, 2023, 132 BTC was added to the liquidity pool on a casual Friday night.

THORChain is predicted to become the top exchange by volume temporarily, causing a significant shift in the centralized exchange landscape. The integration of swaps, savers, and borrowing powered by THORChain has the potential to generate significant revenue for major wallets, while offering better price execution and user experience than major centralized exchanges. Users are eager for this product, as it aligns with the value proposition and ethos of Bitcoin - permissionless exchange. Over $1 billion in swap volume was recorded over the weekend.

Edge Wallet has added support for native $RUNE, allowing users to enjoy self-custodied functionality like Swaps and Savers.

ShapeShift announces that users can now directly perform swaps and use savers from their Ledger wallets. This new integration provides added convenience and security for users. Happy Swapping!

THORChain's primary custodians can be anyone, including anonymous individuals who are bonded.

The Thorchain community has witnessed a consistent flow of liquidity into TC Savers Vaults since November 18, 2023.

TrustWallet iOS has released their latest version, which now supports Cross-Chain Swaps with BNB Smart Chain.

In the past week, Thorchain saw a trading volume of $1.1 billion across 370,000 swaps by 4,300 traders. The platform also had over $150 million in external assets, including BTC, ETH, and stablecoins. Interfaces on Thorchain earned $125,000, with over 50% of the rewards coming from liquidity fees. Additionally, the platform had over 7,000 Savers with $63 million in deposits. It is worth noting that Thorchain is currently overbonded, with 75% of fees going to LPs and Savers.