Thorchain

TC, a decentralized layer-1 liquidity protocol, has reported its Q1 2024 revenue figures. The protocol earned $14.84 million in block rewards, $8.09 million in liquidity fees, and $4.9 million in affiliate earnings. Notably, TC's revenue from fees (liquidity and affiliate) nearly equaled its block rewards. The protocol outperformed the interfaces built on top of it, earning almost twice as much revenue.

On April 10th, 2024, the decentralized THORChain network detected a large, unusual transaction at 12:03. Within 4 minutes, at 12:07, one of the 102 active nodes initiated an automatic pause of the network as a security precaution. The community then conducted due diligence and the network was unpaused at 12:23, resuming normal operations within 20 minutes of the initial pause. This incident demonstrated the network's ability to rapidly respond to potential threats in a decentralized manner, with each node having the capability to pause the entire chain for 60 minutes to trap any attackers and their funds. The swift action was facilitated by security tools implemented following the Chaosnet Events in 2021.

A decentralized layer 1 liquidity protocol has announced a standing $50k bounty for any community member who is first to identify a suspicious transaction and request a node to initiate a protocol pause. The protocol acknowledges the complexity of the system and the potential for unforeseen edge cases, positioning the community as a crucial line of defense. False positives will not be paid but will also not attract criticism, as the protocol encourages a 'halt early, halt often' approach to mitigate risks.

THORChain, a decentralized cross-chain liquidity protocol, has reported record swap volume exceeding $20 billion since the start of 2024, with over half of this volume generated in the last month alone. The platform has also witnessed a significant increase in lending activity, with collateral deposits of Bitcoin and Ethereum surging in recent weeks. THORChain's lending module allows users to borrow against their cryptocurrency holdings without interest or expiration, providing a unique opportunity in the DeFi landscape. As the protocol continues to gain traction, industry observers anticipate further growth in THORChain's swap volume and lending activity in the coming months.

THORChain, a decentralized layer-1 liquidity protocol, has released its March 2024 report. Key updates include raising the Standby Reserve burn and Lending Cap, reducing transaction delays by adjusting Confirmation Counting and Outbound Delay parameters, initiating the BEP2 Ragnarok, and implementing trading pauses. These changes aim to enhance the protocol's efficiency, security, and overall user experience.

THORChain, a decentralized layer-1 liquidity protocol, has announced that its swaps are now being tracked on Etherscan. This integration allows users to view and monitor THORChain transactions on the popular Ethereum blockchain explorer. THORChain facilitates swaps, earning, and borrowing across various cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, and Cosmos. It serves as an infrastructure for top wallets and exchanges, providing liquidity solutions in a decentralized manner.

THORChain, a decentralized liquidity protocol, has announced that it is considering integrating Uniswap V4 into its SwapKit and THORSwap API. The team believes that Uniswap V4 could significantly enhance pricing for decentralized exchange (DEX) aggregation routes. THORChain has stated its commitment to continuously adding more swap options that benefit users.

THORChain, a decentralized liquidity protocol, has announced its integration with the GiddyDeFi mobile wallet. This integration allows GiddyDeFi users to access decentralized cross-chain swap routes directly within the app, enabling them to seamlessly transfer cryptocurrencies between major blockchain networks like Bitcoin and Ethereum with a single tap. The partnership aims to break down network barriers and provide fast and easy cross-chain bridging capabilities for users to send their crypto wherever needed.

THORChain, a decentralized layer-1 liquidity protocol, has hinted at a new addition to their dApp store through a tweet. The protocol, which facilitates swapping, earning, and borrowing of various cryptocurrencies like Bitcoin, Ethereum, BNB, and Cosmos, has not provided further details about the upcoming dApp. THORChain serves as infrastructure for top wallets and exchanges.

A user of the decentralized liquidity protocol THORChain has reported testing the platform's borrowing capabilities. They took out two loans - one to borrow Bitcoin using Bitcoin as collateral, and another to borrow the native RUNE token using Bitcoin as collateral. THORChain is a Layer 1 protocol that facilitates swapping, earning, and borrowing across various cryptocurrencies like Bitcoin, Ethereum, Binance Coin, and Cosmos-based assets. It aims to provide liquidity infrastructure for top wallets and exchanges.