Thorchain

A single DEX provides 95% of BTC's on-chain volume, and THORChads encourage the diversification of volume across 3-4 major DEXs to dismantle centralized exchanges.

As of November 6th, 2023, the Thorchain community has seen significant growth with over 6200+ Savers and $43m+ in Savers liquidity. Over the past year, the community has earned $1m.

The incentive pendulum will adjust rewards based on the deviation between the total value bonded and the total value pooled. Currently, LPs earn over 2/3 of all liquidity fees and block rewards, which are split among Dual LPs and Savers.

Recently, some large streamers executed trades on THORChain at around 99.7% price execution. This trend reflects THORChain's increasing popularity as the go-to platform for large trades. As liquidity continues to improve, streamers can expect even faster execution times.

THORChads, the Thorchain community, are primarily focused on security, liquidity, and volume. Security measures include Node Bond, Churning, Code, and TSS. Liquidity is driven by Total Value Locked (TVL) from Savers and LP, while volume is increased through wallet integrations. In related news, 100 million $RUNE ($213M) has been bonded by nodes, securing $79.5M in assets such as Bitcoin, Ether, and Stablecoins, demonstrating THORChain's commitment to economic security and honest participation of validators.

Lends.so has announced that streaming loans are now available. With streaming, fees are significantly reduced, allowing borrowers to save on fees and receive more collateral when borrowing against Bitcoin or Ether.

In the past week, Thorchain has experienced significant growth. Vaults have reached 925 corn, 8500 bats, and $11.4 million. 100 nodes are staking $179 million to secure the network. There have been $271 million in swaps made by 4840 users. Frontends have earned $75,000 in affiliate fees. Liquidity fees from swaps have exceeded block rewards. Additionally, 1.36 million $RUNE has been burned through lending.

Starting from today, users can now utilize the feature of Streaming Swaps on the RocketX platform.

The stablecoin pools on TC are the real winners of the recent volatility, as the high volume and depth of these pools result in significant Saver Yields.

The THORSwap team is excelling with their product hitting goals consistently and leading integration cycles. Expect big things from them in the upcoming cycle.