THORChain's Sustainable Revenue Model
THORChain, a decentralized layer-1 liquidity protocol, has been steadily increasing its revenue from liquidity fees over the past two years. The protocol, which facilitates swapping, earning, and borrowing of various cryptocurrencies like Bitcoin, Ethereum, BNB, and Cosmos, has seen its income from liquidity fees grow from around 10% to approximately 40% during this period. The long-term goal is for liquidity fees to account for 100% of THORChain's revenue, demonstrating a sustainable business model for the decentralized finance (DeFi) platform.