Price change (24h):
0.47%
High (24h):
$0.420247
Low (24h):
$0.409757
Volume (24h):
$27.61M
Market Cap:
$140.59M
All Time High:
98.01% $20.87
May 19, 2021
All Time Low:
4777% $0.01
Sep 28, 2019
68.22 %(1Y)
$0.415571
Price change (24h):
0.47%
High (24h):
$0.420247
Low (24h):
$0.409757
Volume (24h):
$27.61M
Market Cap:
$140.59M
All Time High:
98.01% $20.87
May 19, 2021
All Time Low:
4777% $0.01
Sep 28, 2019
THORChain (RUNE) is a cryptocurrency launched in 2018. It powers a decentralized cross-chain liquidity protocol that executes native asset swaps between Bitcoin, Ethereum, and other disconnected networks.
The protocol addresses a stubborn market friction: the reliance on wrapped tokens and custodial bridges that introduce single points of failure and censorship. THORChain’s liquidity pools hold the actual Layer 1 assets—Bitcoin, Ether, BNB, and others—enabling direct swaps without ever minting a synthetic representation. This architecture removes counter-party risk inherent in pegged asset models.
THORChain operates on its own blockchain using proof-of-stake. Validators lock a bond of RUNE tokens to join the active set, and they share responsibility for vaults that hold the actual native coins on each connected network. This design allows the protocol to orchestrate swaps without wrapped representations.
RUNE serves as the base pair in every liquidity pool, providing a single settlement asset that connects disparate ecosystems. This swap routing design means a user moving from Bitcoin to Litecoin trades via RUNE as the intermediate, creating deep two-sided markets. Validators enforce the network’s invariant by monitoring external chain states and broadcasting bundled transactions.
The protocol emerged from a vision to eliminate bridge exploits and wrapped asset risks, with its initial testnet and mainnet launch occurring in 2018. No single founding figurehead is documented in the project’s materials; instead, it coalesced as a community-driven effort within the Cosmos ecosystem. The first mainnet iteration went live on May 5, 2018, introducing asynchronous cross-chain swaps. Early adoption gathered pace after the network integrated Bitcoin and Ethereum, demonstrating that trust-minimized native swaps were feasible at scale.
The overarching mission is to render wrapped token bridges obsolete by enabling permissionless, liquidity-efficient exchange between any Layer 1 blockchain. THORChain aims to be the base liquidity backbone for the entire decentralized economy, where assets move without custodians, synthetic derivatives, or centralized gatekeepers. It prioritizes censorship resistance and self-custody, allowing users to swap directly from their own wallets while keeping full control of their coins.
Within the protocol, RUNE performs a strictly mechanical role: it must be bonded by every validator and paired in every liquidity pool. This dual-utility creates a reflexive demand loop—the greater the total value locked, the more RUNE must be staked and pooled, directly tying network security to economic activity. Transaction fees, which are paid in RUNE, are distributed to liquidity providers and validators in proportion to their bonded contributions.
Validators stake a minimum bond of RUNE to join the active consensus set and earn block rewards and swap fee shares. Liquidity providers deposit RUNE alongside an external asset to mint liquidity units and capture trading fees proportional to their pool share. Arbitrageurs rely on the precise settlement mechanisms to extract price discrepancies between THORChain pools and external exchanges, reinforcing overall price accuracy.
THORChain has a maximum supply of 500,000,000 tokens. Currently, 350,854,631 are in circulation. With a market capitalization of $167,029,384, THORChain ranks #199 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 06/07/2026 | $0.41 | $0.41 | $0.42 | $0.41 |
| 05/07/2026 | $0.42 | $0.41 | $0.42 | $0.41 |
| 04/07/2026 | $0.41 | $0.42 | $0.42 | $0.41 |
| 03/07/2026 | $0.40 | $0.41 | $0.41 | $0.39 |
| 02/07/2026 | $0.39 | $0.40 | $0.40 | $0.39 |
| 01/07/2026 | $0.38 | $0.39 | $0.39 | $0.37 |
| 30/06/2026 | $0.39 | $0.38 | $0.39 | $0.38 |
| 29/06/2026 | $0.39 | $0.39 | $0.39 | $0.38 |
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