Thorchain

THORChain, a decentralized layer-one liquidity protocol, has announced that its monthly active user base has surpassed 50,000. This marks a significant milestone for the platform, which previously celebrated reaching 20,000 active users approximately nine months ago. THORChain enables users to swap, earn, and borrow various cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, and Cosmos, among others. The protocol serves as an infrastructure for top wallets and exchanges, facilitating decentralized liquidity.

THORChain, a decentralized layer-1 liquidity protocol, has reported its latest daily metrics. The bonding annual percentage yield (APY) stands at 4.56%, while the liquidity APY is 25.0%. The platform recorded 1,632 daily users and 53,425 monthly users, showcasing its growing adoption. THORChain facilitates swapping, earning, and borrowing of various cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, and Cosmos, while serving as infrastructure for top wallets and exchanges.

THORChain, a decentralized liquidity protocol, has announced that its TOR (Treasury Overcollateralized Reserver) mechanism has successfully maintained a stable peg for its native asset against its liquidity pool for almost a year. Unlike traditional stablecoins, TOR does not rely on any particular stablecoin but instead senses the price of its own asset against its own liquidity. This achievement demonstrates the robustness and reliability of THORChain's innovative approach to maintaining price stability.

THORChain, a decentralized liquidity protocol, has expressed interest in integrating with the 1inch decentralized exchange. In a tweet, THORChain stated that given the recent performance of the 1inch token, an integration could potentially propel 1inch to the forefront by capturing market share, particularly with native Bitcoin swaps. Erik Voorhees, the CEO of ShapeShift, had previously hinted at this potential on the Bankless podcast.

THORChain, a decentralized layer-one liquidity protocol, is working to provide secure decentralized finance (DeFi) services for Bitcoin in a safe and sustainable manner. The project aims to establish a lasting legacy by offering swapping, earning, and borrowing capabilities for Bitcoin, Ethereum, BNB, Cosmos, and other cryptocurrencies. THORChain emphasizes its commitment to being around for decades, allowing users to participate or opt-out as desired. The protocol serves as infrastructure for top wallets and exchanges, facilitating decentralized liquidity.

THORChain, a decentralized liquidity protocol, has expressed its view that the migration of trading volume from centralized exchanges (CEXs) to decentralized exchanges (DEXs) will be a slow process that could take up to 10 years to unfold. However, the team believes that this transition will ultimately be 'glorious.' THORChain emphasizes that the DEXs being built now are laying the foundation for future generations of cryptocurrency users, which could potentially encompass everyone.

Bitcoin's liquidity is expected to decrease as more of the cryptocurrency is being moved off exchanges and into cold storage. This reduced liquidity could lead to increased volatility in Bitcoin's price. Threshold Crypto (TC) is attempting to reintroduce liquidity into the market and capitalize on the potential price swings.

Coinbase Institutional Exchange has announced the listing of perpetual futures contracts for Fantom (FTM) and THORChain (RUNE) tokens. These are the first perpetual futures offered by Coinbase for assets that do not have spot markets on the main Coinbase exchange. The new listings come ahead of the 'Sonic Season' for THORChain, a decentralized liquidity protocol facilitating swaps, earning, and borrowing across multiple blockchain networks.

In an upcoming development, network flags that were previously paused will be unpaused and re-enabled for swaps on a decentralized layer 1 liquidity protocol. This protocol facilitates swapping, earning, and borrowing of various cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, and Cosmos, among others. It serves as an infrastructure for top wallets and exchanges.

THORChain, a decentralized layer-1 liquidity protocol, has announced an update to its protocol version. The active protocol version has been upgraded from 1.129.0 to 1.130.0, with all 102 active nodes now running the new version 1.130.0. THORChain enables users to swap, earn, and borrow various cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, and Cosmos, among others. It serves as an infrastructure for top wallets and exchanges.