Cryptos:  12,047Exchanges:  411Market Cap:  $1,882,308,913,87324h Vol:  $136,407,116,373Dominance:  BTC: 42.5% ETH: 18.4%ETH Gas:  69 Gwei
Cryptos:  12,047Exchanges:  411Market Cap:  $1,882,308,913,87324h Vol:  $136,407,116,373Dominance:  BTC: 42.5% ETH: 18.4%ETH Gas:  69 Gwei
RUNE

THORChainRUNE

Rank #64
Token
On 127,225 watchlists

THORChain Price (RUNE)

$7.21
5.82%

0.0001698 BTC4.20%

0.002446 ETH1.91%

Low:$6.51
High:$7.88
24h
RUNE  THORChain RUNE
Price:
$7.21
 5.82%
Market Cap
$1,617,654,571
5.82%
Market Cap / TVL Ratio
10.68
Fully Diluted Market Cap
$3,604,235,596
25.39%
Total Value Locked (TVL)
$151,505,059
Volume
24h
$87,038,037
39.34%
Volume / Market Cap
0.05381
Circulating Supply
224,410,215.14 RUNE
45%
Max Supply
500,000,000
Total Supply
461,668,422
Sponsored

THORChain to USD Chart

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RUNE Price Live Data

The live THORChain price today is $7.21 USD with a 24-hour trading volume of $87,038,037 USD. We update our RUNE to USD price in real-time. THORChain is down 5.82% in the last 24 hours. The current CoinMarketCap ranking is #64, with a live market cap of $1,617,654,571 USD. It has a circulating supply of 224,410,215 RUNE coins and a max. supply of 500,000,000 RUNE coins.

If you would like to know where to buy THORChain, the top exchanges for trading in THORChain are currently Binance, Mandala Exchange, FTX, CoinTiger, and HitBTC. You can find others listed on our crypto exchanges page.

What Is THORChain (RUNE)?

THORCHain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process.

With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker).

The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms — since THORChain nodes must commit a minimum of 1 million RUNE to participate in its rotating consensus process.

THORChain was funded through an initial DEX offering (IDO) which launched through the Binance DEX in July 2019. Its mainnet originally launched in January 2021, but a multi-chain upgrade is currently scheduled for 2021.

Who Are the Founders of THORChain?

According to an official representative of THORChain, the platform has no CEO, no founder and no directors. Instead, the further development of the platform is organized through Gitlab.

On top of this, those currently working on the project are largely anonymous. Again, an official representative of THORChain states that this is to "protect the project and ensure that it can decentralize."

A tweet by the project sheds some light on the theory behind maintaining a project with an anonymous team, as quoted below:

“-> Developers work for the Nodes, by shipping code that makes the system more valuable.

-> Nodes work for the Stakers, by securing assets and being online.

-> Stakers bring capital, placed on-market for the Swappers.

-> Swappers pay fees, bringing economic activity.”

What Makes THORChain Unique?

THORChain uses a unique system to help mitigate the issue of “impermanent losses” — or the often temporary losses that a liquidity provider can experience when contributing to liquidity pools. It achieves this by using a slip-based fee to help ensure liquidity stays where it is needed.

On top of this, THORChain combines a range of novel technologies, including on-way state pegs, a state machine, the Bifröst Signer Module and a TSS protocol to seamlessly facilitate cross-chain token swaps. This is all kept behind the scenes, making the platform accessible to even inexperienced traders.

The platform isn't profit-oriented. All fees generated by the protocol go directly to the users, and there are no provisions for the team. Instead, the team is incentivized by simply holding RUNE — just like everyone else.

The RUNE token is currently available on multiple blockchains, including Binance Chain (as a BEP-2 token) and Ethereum (as an ERC-20 token).

Check out Uniswap (UNI) — the governance token for the popular Uniswap AMM.

Check out 1inch (1INCH) — the native token for the 1inch DEX aggregator.

How Decentralized Are Decentralized Networks? Find out with CoinMarketCap Alexandria.

Have you seen the CoinMarketCap blog yet?

How Many THORChain (RUNE) Coins Are There in Circulation?

As of February 2021, there are 158.4 million RUNE in circulation out of a total supply of 500 million.

As we touched on earlier, THORChain initially launched following an IEO on the Binance DEX. As part of the IEO, 20 million RUNE were sold. Prior to this, a total of 130 million RUNE were sold in earlier funding rounds.

According to the official Binance DEX proposal, 10% of the total supply (50 million tokens) was allocated to the team, and locked until the launch of the mainnet — unlocking at 20% per month thereafter.

THORChain currently has an emission curve starting at 30% APR. This is scheduled to target around 2% APR after ten years.

How Is the THORChain Network Secured?

THORChain is built using the Cosmos SDK and is powered by the Tendermint consensus mechanism. This keeps the network safe from attacks through a novel BFT proof-of-stake (PoS) system that sees a large number of validators work together to propose and finalize blocks of transactions.

Beyond this, THORChain’s smart contracts have been audited by several third-party security firms, including one by Certik — which found no vulnerabilities.

Where Can You Buy THORChain (RUNE)?

RUNE is a popular cryptocurrency that is available to purchase and trade on a large number of both centralized and decentralized exchange platforms. The most prominent of these are Binance (centralized) and SushiSwap (decentralized).

As of February 2021, the vast majority of RUNE trading pairs are crypto/crypto pairs. However, RUNE can be bought with Korean won (KRW) on ProBit Exchange and US dollars (USD) on FTX. For more on buying cryptocurrencies with fiat, see our popular guide.

RUNE to USD Converter

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THORChain

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USD

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RUNE Price Statistics

THORChain Price Today
THORChain Price$7.21
Price Change24h$-0.4452
5.82%
24h Low / 24h High
$6.51 /
$7.88
Trading Volume24h$87,038,036.59
39.34%
Volume / Market Cap0.05381
Market Dominance0.09%
Market Rank#64
Total Value Locked (TVL)$151,505,059
THORChain Market Cap
Market Cap$1,617,654,571.01
5.82%
Fully Diluted Market Cap$3,604,235,595.94
25.39%
THORChain Price Yesterday
Yesterday's Low / High
$6.51 /
$7.88
Yesterday's Open / Close
$7.42 /
$6.72
Yesterday's Change

9.37%

Yesterday's Volume$94,863,659.16
THORChain Price History
7d Low / 7d High
$6.51 /
$11.27
30d Low / 30d High
$6.51 /
$12.42
90d Low / 90d High
$3.04 /
$12.42
52 Week Low / 52 Week High
$0.3515 /
$21.26
All Time High
May 19, 2021 (4 months ago)
$21.26
66.10%
All Time Low
Sep 27, 2019 (2 years ago)
$0.007939
90702.34%
THORChain ROI

22403.13%

THORChain Supply
Circulating Supply224,410,215 RUNE
Total Supply461,668,422 RUNE
Max Supply500,000,000 RUNE