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Thorchain Overview
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About Thorchain
Created in 2018 by CEO and founder Chad Barraford, Thorchain (RUNE) is a decentralized liquidity network for cross-chain cryptocurrency swaps, allowing users to trade their digital assets across various blockchain networks without the need for centralized exchanges. The platform is non-custodial, allowing users to maintain control of their assets. Thorchain aims to create a trustless and decentralized trading ecosystem with a unique "chaosnet" mechanism that facilitates quick and efficient trades. It also allows users to participate in liquidity pools, earning rewards for providing liquidity to the platform, ensuring that there is always sufficient liquidity available for trading.
Thorchain (RUNE) has several key uses within its ecosystem:
Cross-Chain Swapping: The main use case of Thorchain is enabling users to swap assets directly between different blockchains without needing a centralised intermediary. It supports native swaps, meaning users do not have to wrap assets or use synthetic versions.
Liquidity Provision: RUNE is used within liquidity pools to facilitate asset swaps. Users can provide liquidity in exchange for earning fees, with RUNE being used to balance the pools.
Network Security: RUNE is bonded by the validators (nodes) that secure the network. These nodes are required to bond RUNE to participate, ensuring they have a vested interest in the network's security and smooth operation.
Governance: RUNE is also used to govern the protocol. RUNE holders can participate in governance decisions related to the protocol's development and future upgrades.
Settlement Asset: RUNE serves as the settlement asset within the network, acting as the base currency for transactions between different blockchain assets.
Mainnet - https://viewblock.io/thorchain
ERC-20 - https://etherscan.io/token/0x3155ba85d5f96b2d030a4966af206230e46849cb
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Learn About Thorchain
Creditcoin Currency Isn't What You've Been Told
Creditcoin (CTC) is a Layer-1 RWA blockchain that records off-chain credit transactions between identifiable counterparties, mostly microfinance institutions and emerging-market borrowers. CTC trades near $0.15 with a market cap around $82M and a fully diluted valuation of $92.7M, ranked #329 on CoinGecko. The token sits 98% below its $8.67 all-time high. Network fundamentals tell a different story: 9.4 million transactions, 938,000 addresses as of mid-2025, and Santiment ranked Creditcoin 9th for RWA developer activity in February 2026. Wormhole NTT support went live for BNB Chain in October 2025. Spacecoin nanosats CTC-0 and CTC-1 verified blockchain transactions from orbit by January 2026. Friction is real: OKX delisted the CTC/USDT margin pair in July 2025 and Bithumb tagged CTC a cautionary asset over confusion between the uncapped mainnet token and the 600M ERC-20 version. The thesis: most of the market is evaluating CTC against DeFi-lending metrics it was never built to serve.
How Threshold Signatures Fix Bitcoin Custody
Each time a user mints tBTC on Threshold Network, decentralized committees of automated nodes jointly sign a Bitcoin transaction without any single node ever possessing the full private key. The user experience, by design, is seamless and uncluttered. Under-the-hood, threshold signatures distribute cryptographic responsibility to tens of machines so the system as a whole is trustless. This silent threshold cryptography layer is rapidly becoming the load-bearing infrastructure for decentralized Bitcoin custody, cross-chain bridges, and a long list of DeFi integrations.
Nym Protects the Privacy Layer Monero and Zcash Can't
There are four privacy projects claiming to have you covered. They each protect different aspects of your privacy. Monero hides what you send, Secret Network keeps smart contract data encrypted, Zcash keeps hidden who paid whom. But Nym neither hides nor encrypts transactions. Instead the Nym protocol anonymizes the fact that you're on the internet and the path your data takes through it.
Often Discussed Alongside Thorchain
Tokens that appear with Thorchain in our academy articles.
Thorchain Market Data
The live Thorchain price today is $0.51 USD with a 24-hour trading volume of $4,077,515.81 USD. We update our RUNE to USD price in real-time. Thorchain is up 0.15% in the last 24 hours.
The current market cap is $178,154,652.54 USD, ranking #155 by market capitalization. The circulating supply is 350,849,505 RUNE out of a max supply of 500,000,000 RUNE.