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THORChain

THORChain RUNE

token
THORChain Price (RUNE)
$4.77
3.07% Buy RUNE

0.0020 ETH

0.0001 BTC

Low: $4.65
High: $4.94
24h
Market Cap
$1,611,510,123
3.07%
Fully Diluted Market Cap
$2,301,158,559
3.07%
Volume
24h
$163,051,353
34.75%
Volume / Market Cap
0.1012
Circulating Supply
337,926,581 RUNE
Max Supply
--
Total Supply
482,542,823
Layer-1 blockchains<\/strong><\/a> without wrapping or pegging their assets.<\/p>\r\n<p>The seamless tokens swaps between various chains are ensured by employing such technologies as:<\/p>\r\n<ul>\r\n<li><strong>A State Machine<\/strong> that delegates outgoing transactions and manages the logic behind asset exchange;<\/li>\r\n<li><strong>One-way State Pegs<\/strong> that allow syncing state from external chains;<\/li>\r\n<li><strong>The TSS protocol<\/strong> that enables distributed threshold key-signing;<\/li>\r\n<li><strong>The Bifr&ouml;st Signer Module<\/strong> that processes chain-specific transactions.<\/li>\r\n<\/ul>\r\n<p>Apart from utilizing the platform for swapping tokens, users can also become <strong>liquidity providers (LPs)<\/strong> by supplying liquidity to various pools. Liquidity providers are rewarded with RUNE tokens from <strong>the Continuous Liquidity Pool (CLP).<\/strong> Besides, the THORChain crypto project employs <strong>a slip-based fee mechanism<\/strong>, which secures the liquidity provided by LPs in order to prevent impermanent losses.<\/p>\r\n<p>If you're interested in the current THORChain price, check out the RUNE price chart above.<\/p>\r\n<h2>The Developers of THORChain<\/h2>\r\n<p>The development of the THORChain crypto project is unique in comparison to other similar projects. <strong>The network doesn't have any official founders, directors, CEOs, or other controlling entities.<\/strong> In fact, most of the people that are actively working on the project are anonymous. This is the case because the development of THORChain is managed using Gitlab, where nodes decide which codebase should be used.<\/p>\r\n<p>As explained by THORChain's tweet, developers work for the nodes by releasing code that increases the value of the system. By protecting assets and being active, nodes support liquidity providers. Then, liquidity providers bring capital and place it on the market for swappers and arbitrageurs. Arbitrageurs and swappers stimulate the economy by paying fees.<\/p>\r\n<p>Thus, the whole project is not profit-orientated, which means that the THORChain price value of all fees generated on the network is distributed among node operators and liquidity providers.<\/p>\r\n<p>The project was officially launched in 2018. At the time, the RUNE price was around $0.01, and the asset was showing very low volatility. However, this changed in late 2020, when it started seeing more market activity.<\/p>\r\n<p>The first significant market event occurred in the final days of December 2020. Then, the THORChain price surpassed $1 for the first time. In 2021, the asset peaked at $17.<\/p>\r\n<h2>How Does THORChain Function?<\/h2>\r\n<p><strong>Cosmos SDK<\/strong> was used to develop THORChain. It is an open-source framework used to develop multi-asset public Proof-of-Stake (PoS) blockchains. Besides, THORChain uses <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-byzantine-fault-tolerance-bft/">Tendermint Byzantine Fault Tolerance (BFT)<\/strong><\/a> as its consensus mechanism to secure the network against <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-sybil-attack/">Sybil attacks<\/a>.<\/strong><\/p>\r\n<p>Tendermint provides THORChain with <strong>a novel<\/strong> <strong>BFT PoS consensus mechanism.<\/strong> <em>How does it work?<\/em> In essence, a large group of system validator nodes cooperates to propose and approve new transaction blocks. If you want to run a validator node, you must have high-performance hardware and software, in addition to staking at least 1,000,000 RUNE coins. However, if you're unable to do that, you can also delegate your THORChain tokens to validators, thus entitling them to share a portion of each block reward they get.<\/p>\r\n<h2>The Purpose of RUNE Coins<\/h2>\r\n<p>The RUNE token powers the whole THORChain crypto project. The following are the main functions of THORChain coins:<\/p>\r\n<ul>\r\n<li><strong>Governance.<\/strong> Owners of RUNE tokens can select which asset or chain they want to prioritize. They vote by providing liquidity to the pools of the assets they want to prioritize.<\/li>\r\n<li><strong>Security.<\/strong> Node operators must bond twice as many RUNE as they contributed to a pool in order to assure security. To guarantee that the node operators act in the network's best interests, the RUNE bonds are kept as collateral.<\/li>\r\n<li><strong>Settlement asset.<\/strong> To enable swaps between different liquidity pools, the RUNE token acts as a settlement asset. This means that the value of a certain asset reserve held in a liquidity pool must be equal to the value of RUNE tokens.<\/li>\r\n<li><strong>Incentives.<\/strong> Swap fees and block rewards are paid in RUNE coins.<\/li>\r\n<li><strong>Payment for fees. <\/strong>RUNE coins can be used to pay for gas fees.<\/li>\r\n<\/ul>\r\n<p>If you're considering buying RUNE tokens, bear in mind that the THORChain price is prone to fluctuation. This happens because the asset is affected by the overall fluctuation of the crypto market, often following the trends set by major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).<\/p>\r\n<h2>Tokenomics of RUNE<\/h2>\r\n<p>The max supply of THORChain tokens is 500 million RUNE. The asset is deflationary, meaning that the RUNE price will gain more value as the available supply grows shorter.<\/p>\r\n<p>In July 2019, THORChain held an initial DEX offering (IDO) on <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>the Binance exchange<\/strong><\/a>, during which 20 million RUNE tokens were sold. However, before this IDO, there were some other funding rounds organized, which overall resulted in 130 million RUNE tokens being sold.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/thorchain-rune-price","crypto_currency_info":{"id":230,"crypto_currency_id":260,"description":"THORChain (RUNE) is a cryptocurrency launched in 2018and operates on the BNB Beacon Chain (BEP2) platform. THORChain has a current supply of 334,937,974.91478544 with 330,688,061.33445597 in circulation. The last known price of THORChain is 9.13823522 USD and is up 7.91 over the last 24 hours. It is currently trading on 73 active market(s) with $315,928,674.40 traded over the last 24 hours. More information can be found at https:\/\/thorchain.org\/.","tags":"[\"cosmos-ecosystem\",\"decentralized-exchange\",\"defi\",\"multicoin-capital-portfolio\",\"exnetwork-capital-portfolio\"]","platform":"{\"id\":1839,\"name\":\"BNB Beacon Chain (BEP2)\",\"symbol\":\"BNB\",\"slug\":\"bnb\",\"token_address\":\"RUNE-B1A\"}","category":"token","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/4157.png","original_links":"{\"website\":[\"https:\\\/\\\/thorchain.org\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/THORChain\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/thorchain\"],\"chat\":[\"https:\\\/\\\/t.me\\\/thorchain_org\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/explorer.binance.org\\\/asset\\\/RUNE-B1A\",\"https:\\\/\\\/viewblock.io\\\/thorchain\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/thorchain\"],\"technical_doc\":[\"https:\\\/\\\/github.com\\\/thorchain\\\/Resources\\\/tree\\\/master\\\/Whitepapers\\\/THORChain\\\/whitepaper-en.md\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/thorchain\"],\"announcement\":[]}","links":"{\"website\":{\"thorchain.org\":\"https:\\\/\\\/thorchain.org\\\/\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/THORChain\",\"medium.com\":\"https:\\\/\\\/medium.com\\\/thorchain\",\"reddit.com\":\"https:\\\/\\\/reddit.com\\\/r\\\/thorchain\",\"telegram.org\":\"https:\\\/\\\/t.me\\\/thorchain_org\"},\"explorer\":{\"explorer.binance.org\":\"https:\\\/\\\/explorer.binance.org\\\/asset\\\/RUNE-B1A\",\"viewblock.io\":\"https:\\\/\\\/viewblock.io\\\/thorchain\"},\"technical_doc\":\"https:\\\/\\\/github.com\\\/thorchain\\\/Resources\\\/tree\\\/master\\\/Whitepapers\\\/THORChain\\\/whitepaper-en.md\",\"source_code\":\"https:\\\/\\\/github.com\\\/thorchain\"}","data":"{\"id\":4157,\"name\":\"THORChain\",\"symbol\":\"RUNE\",\"category\":\"token\",\"description\":\"THORChain (RUNE) is a cryptocurrency launched in 2018and operates on the BNB Beacon Chain (BEP2) platform. THORChain has a current supply of 334,937,974.91478544 with 330,688,061.33445597 in circulation. The last known price of THORChain is 9.13823522 USD and is up 7.91 over the last 24 hours. It is currently trading on 73 active market(s) with $315,928,674.40 traded over the last 24 hours. More information can be found at https:\\\/\\\/thorchain.org\\\/.\",\"slug\":\"thorchain\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/4157.png\",\"subreddit\":\"thorchain\",\"notice\":\"\",\"tags\":[\"cosmos-ecosystem\",\"decentralized-exchange\",\"defi\",\"multicoin-capital-portfolio\",\"exnetwork-capital-portfolio\"],\"tag-names\":[\"Cosmos Ecosystem\",\"Decentralized Exchange\",\"DeFi\",\"Multicoin Capital Portfolio\",\"Exnetwork Capital Portfolio\"],\"tag-groups\":[\"INDUSTRY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\"],\"urls\":{\"website\":[\"https:\\\/\\\/thorchain.org\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/THORChain\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/thorchain\"],\"chat\":[\"https:\\\/\\\/t.me\\\/thorchain_org\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/explorer.binance.org\\\/asset\\\/RUNE-B1A\",\"https:\\\/\\\/viewblock.io\\\/thorchain\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/thorchain\"],\"technical_doc\":[\"https:\\\/\\\/github.com\\\/thorchain\\\/Resources\\\/tree\\\/master\\\/Whitepapers\\\/THORChain\\\/whitepaper-en.md\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/thorchain\"],\"announcement\":[]},\"platform\":{\"id\":1839,\"name\":\"BNB Beacon Chain (BEP2)\",\"symbol\":\"BNB\",\"slug\":\"bnb\",\"token_address\":\"RUNE-B1A\"},\"date_added\":\"2019-07-23T00:00:00.000Z\",\"twitter_username\":\"THORChain\",\"is_hidden\":0,\"date_launched\":\"2018-05-08T00:00:00.000Z\",\"contract_address\":[{\"contract_address\":\"RUNE-B1A\",\"platform\":{\"name\":\"BNB Beacon Chain (BEP2)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}}],\"self_reported_circulating_supply\":224410215,\"self_reported_tags\":null,\"self_reported_market_cap\":2053074352.0107436}","launched_at":"2018-05-08 03:00:00","created_at":"2022-03-25T14:20:18.000000Z","updated_at":"2023-05-18T14:34:12.000000Z"},"social_profile":{"id":254,"profilable_type":"CryptoCurrency","profilable_id":260,"twitter":"{\"name\":\"THORChain\",\"username\":\"@THORChain\",\"follower_count\":226619,\"following_count\":1550,\"tweet_count\":19836,\"created_at\":\"2018-06-27 00:00:00\"}","reddit":"{\"hot\":[]}","github":"{\"public_repos\":13,\"bio\":\"Lightning fast liquidity protocol.\",\"type\":\"Organization\",\"username\":\"thorchain\",\"user_link\":\"https:\\\/\\\/github.com\\\/thorchain\",\"created_at\":\"2018-06-27 00:00:00\"}","telegram":"{\"title\":\"THORChain Community\",\"description\":\"A group to discuss all things about THORChain and the Rune distribution.\\n\\nWebsite: https:\\\/\\\/thorchain.org\\nMedium: https:\\\/\\\/medium.com\\\/thorchain\\nTwitter: https:\\\/\\\/twitter.com\\\/thorchain_org\\n\\nFull list of links to THORChain's channels are in the pinned message.\",\"chat_id\":\"@thorchain_org\",\"member_count\":13805}","domain":"{\"domain_rating\":63,\"ahrefs_top\":209832,\"traffic\":4815.70245430118,\"website\":\"https:\\\/\\\/thorchain.org\"}"},"buy_page":{"id":2971,"crypto_currency_id":260,"button_link":"https:\/\/www.bitdegree.org\/crypto\/goon\/binance","slug":"thorchain-rune","created_at":"2023-05-24T12:46:26.000000Z","updated_at":"2023-08-16T12:42:59.000000Z","content":null,"middle_cta_text":null,"introduction":null,"reasons":null,"benefits":null,"faq":null,"status":"published","url":"https:\/\/www.bitdegree.org\/crypto\/buy-thorchain-rune"},"halving_page":null}" :fiat-currency=""USD"">
Layer-1 blockchains<\/strong><\/a> without wrapping or pegging their assets.<\/p>\r\n<p>The seamless tokens swaps between various chains are ensured by employing such technologies as:<\/p>\r\n<ul>\r\n<li><strong>A State Machine<\/strong> that delegates outgoing transactions and manages the logic behind asset exchange;<\/li>\r\n<li><strong>One-way State Pegs<\/strong> that allow syncing state from external chains;<\/li>\r\n<li><strong>The TSS protocol<\/strong> that enables distributed threshold key-signing;<\/li>\r\n<li><strong>The Bifr&ouml;st Signer Module<\/strong> that processes chain-specific transactions.<\/li>\r\n<\/ul>\r\n<p>Apart from utilizing the platform for swapping tokens, users can also become <strong>liquidity providers (LPs)<\/strong> by supplying liquidity to various pools. Liquidity providers are rewarded with RUNE tokens from <strong>the Continuous Liquidity Pool (CLP).<\/strong> Besides, the THORChain crypto project employs <strong>a slip-based fee mechanism<\/strong>, which secures the liquidity provided by LPs in order to prevent impermanent losses.<\/p>\r\n<p>If you're interested in the current THORChain price, check out the RUNE price chart above.<\/p>\r\n<h2>The Developers of THORChain<\/h2>\r\n<p>The development of the THORChain crypto project is unique in comparison to other similar projects. <strong>The network doesn't have any official founders, directors, CEOs, or other controlling entities.<\/strong> In fact, most of the people that are actively working on the project are anonymous. This is the case because the development of THORChain is managed using Gitlab, where nodes decide which codebase should be used.<\/p>\r\n<p>As explained by THORChain's tweet, developers work for the nodes by releasing code that increases the value of the system. By protecting assets and being active, nodes support liquidity providers. Then, liquidity providers bring capital and place it on the market for swappers and arbitrageurs. Arbitrageurs and swappers stimulate the economy by paying fees.<\/p>\r\n<p>Thus, the whole project is not profit-orientated, which means that the THORChain price value of all fees generated on the network is distributed among node operators and liquidity providers.<\/p>\r\n<p>The project was officially launched in 2018. At the time, the RUNE price was around $0.01, and the asset was showing very low volatility. However, this changed in late 2020, when it started seeing more market activity.<\/p>\r\n<p>The first significant market event occurred in the final days of December 2020. Then, the THORChain price surpassed $1 for the first time. In 2021, the asset peaked at $17.<\/p>\r\n<h2>How Does THORChain Function?<\/h2>\r\n<p><strong>Cosmos SDK<\/strong> was used to develop THORChain. It is an open-source framework used to develop multi-asset public Proof-of-Stake (PoS) blockchains. Besides, THORChain uses <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-byzantine-fault-tolerance-bft/">Tendermint Byzantine Fault Tolerance (BFT)<\/strong><\/a> as its consensus mechanism to secure the network against <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-sybil-attack/">Sybil attacks<\/a>.<\/strong><\/p>\r\n<p>Tendermint provides THORChain with <strong>a novel<\/strong> <strong>BFT PoS consensus mechanism.<\/strong> <em>How does it work?<\/em> In essence, a large group of system validator nodes cooperates to propose and approve new transaction blocks. If you want to run a validator node, you must have high-performance hardware and software, in addition to staking at least 1,000,000 RUNE coins. However, if you're unable to do that, you can also delegate your THORChain tokens to validators, thus entitling them to share a portion of each block reward they get.<\/p>\r\n<h2>The Purpose of RUNE Coins<\/h2>\r\n<p>The RUNE token powers the whole THORChain crypto project. The following are the main functions of THORChain coins:<\/p>\r\n<ul>\r\n<li><strong>Governance.<\/strong> Owners of RUNE tokens can select which asset or chain they want to prioritize. They vote by providing liquidity to the pools of the assets they want to prioritize.<\/li>\r\n<li><strong>Security.<\/strong> Node operators must bond twice as many RUNE as they contributed to a pool in order to assure security. To guarantee that the node operators act in the network's best interests, the RUNE bonds are kept as collateral.<\/li>\r\n<li><strong>Settlement asset.<\/strong> To enable swaps between different liquidity pools, the RUNE token acts as a settlement asset. This means that the value of a certain asset reserve held in a liquidity pool must be equal to the value of RUNE tokens.<\/li>\r\n<li><strong>Incentives.<\/strong> Swap fees and block rewards are paid in RUNE coins.<\/li>\r\n<li><strong>Payment for fees. <\/strong>RUNE coins can be used to pay for gas fees.<\/li>\r\n<\/ul>\r\n<p>If you're considering buying RUNE tokens, bear in mind that the THORChain price is prone to fluctuation. This happens because the asset is affected by the overall fluctuation of the crypto market, often following the trends set by major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).<\/p>\r\n<h2>Tokenomics of RUNE<\/h2>\r\n<p>The max supply of THORChain tokens is 500 million RUNE. The asset is deflationary, meaning that the RUNE price will gain more value as the available supply grows shorter.<\/p>\r\n<p>In July 2019, THORChain held an initial DEX offering (IDO) on <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>the Binance exchange<\/strong><\/a>, during which 20 million RUNE tokens were sold. However, before this IDO, there were some other funding rounds organized, which overall resulted in 130 million RUNE tokens being sold.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/thorchain-rune-price","crypto_currency_info":{"id":230,"crypto_currency_id":260,"description":"THORChain (RUNE) is a cryptocurrency launched in 2018and operates on the BNB Beacon Chain (BEP2) platform. THORChain has a current supply of 334,937,974.91478544 with 330,688,061.33445597 in circulation. The last known price of THORChain is 9.13823522 USD and is up 7.91 over the last 24 hours. It is currently trading on 73 active market(s) with $315,928,674.40 traded over the last 24 hours. More information can be found at https:\/\/thorchain.org\/.","tags":"[\"cosmos-ecosystem\",\"decentralized-exchange\",\"defi\",\"multicoin-capital-portfolio\",\"exnetwork-capital-portfolio\"]","platform":"{\"id\":1839,\"name\":\"BNB Beacon Chain (BEP2)\",\"symbol\":\"BNB\",\"slug\":\"bnb\",\"token_address\":\"RUNE-B1A\"}","category":"token","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/4157.png","original_links":"{\"website\":[\"https:\\\/\\\/thorchain.org\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/THORChain\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/thorchain\"],\"chat\":[\"https:\\\/\\\/t.me\\\/thorchain_org\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/explorer.binance.org\\\/asset\\\/RUNE-B1A\",\"https:\\\/\\\/viewblock.io\\\/thorchain\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/thorchain\"],\"technical_doc\":[\"https:\\\/\\\/github.com\\\/thorchain\\\/Resources\\\/tree\\\/master\\\/Whitepapers\\\/THORChain\\\/whitepaper-en.md\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/thorchain\"],\"announcement\":[]}","links":"{\"website\":{\"thorchain.org\":\"https:\\\/\\\/thorchain.org\\\/\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/THORChain\",\"medium.com\":\"https:\\\/\\\/medium.com\\\/thorchain\",\"reddit.com\":\"https:\\\/\\\/reddit.com\\\/r\\\/thorchain\",\"telegram.org\":\"https:\\\/\\\/t.me\\\/thorchain_org\"},\"explorer\":{\"explorer.binance.org\":\"https:\\\/\\\/explorer.binance.org\\\/asset\\\/RUNE-B1A\",\"viewblock.io\":\"https:\\\/\\\/viewblock.io\\\/thorchain\"},\"technical_doc\":\"https:\\\/\\\/github.com\\\/thorchain\\\/Resources\\\/tree\\\/master\\\/Whitepapers\\\/THORChain\\\/whitepaper-en.md\",\"source_code\":\"https:\\\/\\\/github.com\\\/thorchain\"}","data":"{\"id\":4157,\"name\":\"THORChain\",\"symbol\":\"RUNE\",\"category\":\"token\",\"description\":\"THORChain (RUNE) is a cryptocurrency launched in 2018and operates on the BNB Beacon Chain (BEP2) platform. THORChain has a current supply of 334,937,974.91478544 with 330,688,061.33445597 in circulation. The last known price of THORChain is 9.13823522 USD and is up 7.91 over the last 24 hours. It is currently trading on 73 active market(s) with $315,928,674.40 traded over the last 24 hours. More information can be found at https:\\\/\\\/thorchain.org\\\/.\",\"slug\":\"thorchain\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/4157.png\",\"subreddit\":\"thorchain\",\"notice\":\"\",\"tags\":[\"cosmos-ecosystem\",\"decentralized-exchange\",\"defi\",\"multicoin-capital-portfolio\",\"exnetwork-capital-portfolio\"],\"tag-names\":[\"Cosmos Ecosystem\",\"Decentralized Exchange\",\"DeFi\",\"Multicoin Capital Portfolio\",\"Exnetwork Capital Portfolio\"],\"tag-groups\":[\"INDUSTRY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\"],\"urls\":{\"website\":[\"https:\\\/\\\/thorchain.org\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/THORChain\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/thorchain\"],\"chat\":[\"https:\\\/\\\/t.me\\\/thorchain_org\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/explorer.binance.org\\\/asset\\\/RUNE-B1A\",\"https:\\\/\\\/viewblock.io\\\/thorchain\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/thorchain\"],\"technical_doc\":[\"https:\\\/\\\/github.com\\\/thorchain\\\/Resources\\\/tree\\\/master\\\/Whitepapers\\\/THORChain\\\/whitepaper-en.md\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/thorchain\"],\"announcement\":[]},\"platform\":{\"id\":1839,\"name\":\"BNB Beacon Chain (BEP2)\",\"symbol\":\"BNB\",\"slug\":\"bnb\",\"token_address\":\"RUNE-B1A\"},\"date_added\":\"2019-07-23T00:00:00.000Z\",\"twitter_username\":\"THORChain\",\"is_hidden\":0,\"date_launched\":\"2018-05-08T00:00:00.000Z\",\"contract_address\":[{\"contract_address\":\"RUNE-B1A\",\"platform\":{\"name\":\"BNB Beacon Chain (BEP2)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}}],\"self_reported_circulating_supply\":224410215,\"self_reported_tags\":null,\"self_reported_market_cap\":2053074352.0107436}","launched_at":"2018-05-08 03:00:00","created_at":"2022-03-25T14:20:18.000000Z","updated_at":"2023-05-18T14:34:12.000000Z"},"social_profile":{"id":254,"profilable_type":"CryptoCurrency","profilable_id":260,"twitter":"{\"name\":\"THORChain\",\"username\":\"@THORChain\",\"follower_count\":226619,\"following_count\":1550,\"tweet_count\":19836,\"created_at\":\"2018-06-27 00:00:00\"}","reddit":"{\"hot\":[]}","github":"{\"public_repos\":13,\"bio\":\"Lightning fast liquidity protocol.\",\"type\":\"Organization\",\"username\":\"thorchain\",\"user_link\":\"https:\\\/\\\/github.com\\\/thorchain\",\"created_at\":\"2018-06-27 00:00:00\"}","telegram":"{\"title\":\"THORChain Community\",\"description\":\"A group to discuss all things about THORChain and the Rune distribution.\\n\\nWebsite: https:\\\/\\\/thorchain.org\\nMedium: https:\\\/\\\/medium.com\\\/thorchain\\nTwitter: https:\\\/\\\/twitter.com\\\/thorchain_org\\n\\nFull list of links to THORChain's channels are in the pinned message.\",\"chat_id\":\"@thorchain_org\",\"member_count\":13805}","domain":"{\"domain_rating\":63,\"ahrefs_top\":209832,\"traffic\":4815.70245430118,\"website\":\"https:\\\/\\\/thorchain.org\"}"},"buy_page":{"id":2971,"crypto_currency_id":260,"button_link":"https:\/\/www.bitdegree.org\/crypto\/goon\/binance","slug":"thorchain-rune","created_at":"2023-05-24T12:46:26.000000Z","updated_at":"2023-08-16T12:42:59.000000Z","content":null,"middle_cta_text":null,"introduction":null,"reasons":null,"benefits":null,"faq":null,"status":"published","url":"https:\/\/www.bitdegree.org\/crypto\/buy-thorchain-rune"},"halving_page":null}" :fiat-currency="{"name":"US Dollar","logo":"crypto-prices\/fiat-logos\/USD.svg","currency_code":"USD","sign":"$","price":1}" :fiat-currencies="[{"name":"US Dollar","currency_code":"USD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/USD.svg","price":"1.00"},{"name":"Australian Dollar","currency_code":"AUD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/AUD.svg","price":"1.48"},{"name":"Brazilian Real","currency_code":"BRL","sign":"R$","logo":"\/crypto-prices\/fiat-logos\/BRL.svg","price":"4.85"},{"name":"Canadian Dollar","currency_code":"CAD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/CAD.svg","price":"1.33"},{"name":"Swiss Franc","currency_code":"CHF","sign":"Fr","logo":"\/crypto-prices\/fiat-logos\/CHF.svg","price":"0.85"},{"name":"Chilean Peso","currency_code":"CLP","sign":"$","logo":"\/crypto-prices\/fiat-logos\/CLP.svg","price":"899.93"},{"name":"Chinese Yuan","currency_code":"CNY","sign":"\u00a5","logo":"\/crypto-prices\/fiat-logos\/CNY.svg","price":"7.06"},{"name":"Czech Koruna","currency_code":"CZK","sign":"K\u010d","logo":"\/crypto-prices\/fiat-logos\/CZK.svg","price":"22.30"},{"name":"Danish 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Peso","currency_code":"COP","sign":"$","logo":"\/crypto-prices\/fiat-logos\/COP.svg","price":"3867.01"},{"name":"Argentine Peso","currency_code":"ARS","sign":"$","logo":"\/crypto-prices\/fiat-logos\/ARS.svg","price":"810.20"},{"name":"Peruvian Sol","currency_code":"PEN","sign":"S\/.","logo":"\/crypto-prices\/fiat-logos\/PEN.svg","price":"3.70"},{"name":"Vietnamese Dong","currency_code":"VND","sign":"\u20ab","logo":"\/crypto-prices\/fiat-logos\/VND.svg","price":"24235.40"},{"name":"Ukrainian Hryvnia","currency_code":"UAH","sign":"\u20b4","logo":"\/crypto-prices\/fiat-logos\/UAH.svg","price":"38.05"},{"name":"Bolivian Boliviano","currency_code":"BOB","sign":"Bs.","logo":"\/crypto-prices\/fiat-logos\/BOB.svg","price":"6.87"},{"name":"Albanian Lek","currency_code":"ALL","sign":"L","logo":"\/crypto-prices\/fiat-logos\/ALL.svg","price":"94.94"},{"name":"Armenian Dram","currency_code":"AMD","sign":"\u058f","logo":"\/crypto-prices\/fiat-logos\/AMD.svg","price":"402.43"},{"name":"Azerbaijani 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Dinar","currency_code":"IQD","sign":"\u0639.\u062f","logo":"\/crypto-prices\/fiat-logos\/IQD.svg","price":"1304.10"},{"name":"Iranian Rial","currency_code":"IRR","sign":"\ufdfc","logo":"\/crypto-prices\/fiat-logos\/IRR.svg","price":"41848.25"},{"name":"Jamaican Dollar","currency_code":"JMD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/JMD.svg","price":"153.63"},{"name":"Jordanian Dinar","currency_code":"JOD","sign":"\u062f.\u0627","logo":"\/crypto-prices\/fiat-logos\/JOD.svg","price":"0.71"},{"name":"Kenyan Shilling","currency_code":"KES","sign":"Sh","logo":"\/crypto-prices\/fiat-logos\/KES.svg","price":"157.04"},{"name":"Kyrgystani Som","currency_code":"KGS","sign":"\u0441","logo":"\/crypto-prices\/fiat-logos\/KGS.svg","price":"88.67"},{"name":"Cambodian Riel","currency_code":"KHR","sign":"\u17db","logo":"\/crypto-prices\/fiat-logos\/KHR.svg","price":"4081.55"},{"name":"Kuwaiti Dinar","currency_code":"KWD","sign":"\u062f.\u0643","logo":"\/crypto-prices\/fiat-logos\/KWD.svg","price":"0.31"},{"name":"Kazakhstani Tenge","currency_code":"KZT","sign":"\u20b8","logo":"\/crypto-prices\/fiat-logos\/KZT.svg","price":"451.53"},{"name":"Lebanese Pound","currency_code":"LBP","sign":"\u0644.\u0644","logo":"\/crypto-prices\/fiat-logos\/LBP.svg","price":"14940.43"},{"name":"Sri Lankan Rupee","currency_code":"LKR","sign":"Rs","logo":"\/crypto-prices\/fiat-logos\/LKR.svg","price":"321.05"},{"name":"Moroccan Dirham","currency_code":"MAD","sign":"\u062f.\u0645.","logo":"\/crypto-prices\/fiat-logos\/MAD.svg","price":"9.89"},{"name":"Moldovan Leu","currency_code":"MDL","sign":"L","logo":"\/crypto-prices\/fiat-logos\/MDL.svg","price":"17.40"},{"name":"Macedonian Denar","currency_code":"MKD","sign":"\u0434\u0435\u043d","logo":"\/crypto-prices\/fiat-logos\/MKD.svg","price":"55.93"},{"name":"Myanma 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Rial","currency_code":"QAR","sign":"\u0631.\u0642","logo":"\/crypto-prices\/fiat-logos\/QAR.svg","price":"3.63"},{"name":"Serbian Dinar","currency_code":"RSD","sign":"\u0434\u0438\u043d.","logo":"\/crypto-prices\/fiat-logos\/RSD.svg","price":"106.58"},{"name":"Saudi Riyal","currency_code":"SAR","sign":"\u0631.\u0633","logo":"\/crypto-prices\/fiat-logos\/SAR.svg","price":"3.74"},{"name":"South Sudanese Pound","currency_code":"SSP","sign":"\u00a3","logo":"\/crypto-prices\/fiat-logos\/SSP.svg","price":"1.41"},{"name":"Tunisian Dinar","currency_code":"TND","sign":"\u062f.\u062a","logo":"\/crypto-prices\/fiat-logos\/TND.svg","price":"3.08"},{"name":"Trinidad and Tobago Dollar","currency_code":"TTD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/TTD.svg","price":"6.75"},{"name":"Ugandan Shilling","currency_code":"UGX","sign":"Sh","logo":"\/crypto-prices\/fiat-logos\/UGX.svg","price":"3790.53"},{"name":"Uruguayan Peso","currency_code":"UYU","sign":"$","logo":"\/crypto-prices\/fiat-logos\/UYU.svg","price":"39.05"},{"name":"Uzbekistan Som","currency_code":"UZS","sign":"so'm","logo":"\/crypto-prices\/fiat-logos\/UZS.svg","price":"12339.20"},{"name":"Sovereign Bolivar","currency_code":"VES","sign":"Bs.","logo":"\/crypto-prices\/fiat-logos\/VES.svg","price":"35.74"}]" buy-url="">

THORChain (RUNE) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.69%

Joined at Jun 27, 2018

Following

1,550

0.19%

Tweet count

19,836

0.20%

THORChain reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official THORChain (RUNE) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

THORChain telegram
Telegram Stats
Visit Telegram

Members

0.23%

Title

THORChain Community

THORChain traffic
Website Traffic
Visit Website

Website Rating (DR)

63 / 100

0.00%

Ahrefs Rank

209,832

3.85%

Organic Traffic (mo.)

4,816

7.79%

THORChain github
GitHub Organization
Visit GitHub

Public repos

Created at Jun 27, 2018

Type

Organization

THORChain github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official THORChain (RUNE) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 226,619

Members: 13,805

THORChain Price Statistics

THORChain Price
$4.77
Price Change 24h
-$0.1464
3.07%
24h Low / 24h High
$4.65 /
$4.94
All Time High
May 19, 2021 (2 years 7 months ago)
$21.26
77.57%
All Time Low
Sep 27, 2019 (4 years 3 months ago)
$0.0079
59,970.93%
Trading Volume 24h
$163,051,353
34.75%
Volume / Market Cap
0.1012
Market Dominance
0.09%
Market Rank
#49
Market Cap
$1,611,510,123
3.07%
Fully Diluted Market Cap
$2,301,158,559
3.07%

Live RUNE Price Analysis

The current real time THORChain price is $4.77, and its trading volume is $163,051,353 in the last 24 hours. RUNE price has plummeted by 3.07% in the last day, and decreased by 22.34% in the last 7 days. It’s important to note that current THORChain market capitalization is $1,611,510,123, Talking about circulating supply, RUNE has 337,926,581 coins. Currently, THORChain rank on the market is #49.

THORChain price today is 77.57% below all time high, and it is 59,970.93% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling RUNE are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is THORChain (RUNE)?

RUNE is the native token of THORChain, which is a decentralized network that enables users to quickly swap crypto between several chains without giving up complete control of their holdings. They can easily transfer tokens between different Layer-1 blockchains without wrapping or pegging their assets.

The seamless tokens swaps between various chains are ensured by employing such technologies as:

  • A State Machine that delegates outgoing transactions and manages the logic behind asset exchange;
  • One-way State Pegs that allow syncing state from external chains;
  • The TSS protocol that enables distributed threshold key-signing;
  • The Bifröst Signer Module that processes chain-specific transactions.

Apart from utilizing the platform for swapping tokens, users can also become liquidity providers (LPs) by supplying liquidity to various pools. Liquidity providers are rewarded with RUNE tokens from the Continuous Liquidity Pool (CLP). Besides, the THORChain crypto project employs a slip-based fee mechanism, which secures the liquidity provided by LPs in order to prevent impermanent losses.

If you're interested in the current THORChain price, check out the RUNE price chart above.

The Developers of THORChain

The development of the THORChain crypto project is unique in comparison to other similar projects. The network doesn't have any official founders, directors, CEOs, or other controlling entities. In fact, most of the people that are actively working on the project are anonymous. This is the case because the development of THORChain is managed using Gitlab, where nodes decide which codebase should be used.

As explained by THORChain's tweet, developers work for the nodes by releasing code that increases the value of the system. By protecting assets and being active, nodes support liquidity providers. Then, liquidity providers bring capital and place it on the market for swappers and arbitrageurs. Arbitrageurs and swappers stimulate the economy by paying fees.

Thus, the whole project is not profit-orientated, which means that the THORChain price value of all fees generated on the network is distributed among node operators and liquidity providers.

The project was officially launched in 2018. At the time, the RUNE price was around $0.01, and the asset was showing very low volatility. However, this changed in late 2020, when it started seeing more market activity.

The first significant market event occurred in the final days of December 2020. Then, the THORChain price surpassed $1 for the first time. In 2021, the asset peaked at $17.

How Does THORChain Function?

Cosmos SDK was used to develop THORChain. It is an open-source framework used to develop multi-asset public Proof-of-Stake (PoS) blockchains. Besides, THORChain uses Tendermint Byzantine Fault Tolerance (BFT) as its consensus mechanism to secure the network against Sybil attacks.

Tendermint provides THORChain with a novel BFT PoS consensus mechanism. How does it work? In essence, a large group of system validator nodes cooperates to propose and approve new transaction blocks. If you want to run a validator node, you must have high-performance hardware and software, in addition to staking at least 1,000,000 RUNE coins. However, if you're unable to do that, you can also delegate your THORChain tokens to validators, thus entitling them to share a portion of each block reward they get.

The Purpose of RUNE Coins

The RUNE token powers the whole THORChain crypto project. The following are the main functions of THORChain coins:

  • Governance. Owners of RUNE tokens can select which asset or chain they want to prioritize. They vote by providing liquidity to the pools of the assets they want to prioritize.
  • Security. Node operators must bond twice as many RUNE as they contributed to a pool in order to assure security. To guarantee that the node operators act in the network's best interests, the RUNE bonds are kept as collateral.
  • Settlement asset. To enable swaps between different liquidity pools, the RUNE token acts as a settlement asset. This means that the value of a certain asset reserve held in a liquidity pool must be equal to the value of RUNE tokens.
  • Incentives. Swap fees and block rewards are paid in RUNE coins.
  • Payment for fees. RUNE coins can be used to pay for gas fees.

If you're considering buying RUNE tokens, bear in mind that the THORChain price is prone to fluctuation. This happens because the asset is affected by the overall fluctuation of the crypto market, often following the trends set by major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

Tokenomics of RUNE

The max supply of THORChain tokens is 500 million RUNE. The asset is deflationary, meaning that the RUNE price will gain more value as the available supply grows shorter.

In July 2019, THORChain held an initial DEX offering (IDO) on the Binance exchange, during which 20 million RUNE tokens were sold. However, before this IDO, there were some other funding rounds organized, which overall resulted in 130 million RUNE tokens being sold.

What's THORChain trading volume in the last 24 hours?

RUNE has a trading volume of $163,051,353 in the last 24 hours.

What's THORChain highest price ever?

RUNE has a highest price of $21.26, which was reached on May 19, 2021 (2 years 7 months ago).

What's THORChain lowest price ever?

RUNE has a lowest price of $0.0079, which was reached on Sep 27, 2019 (4 years 3 months ago).

What are the best exchanges for buying and selling RUNE?

Currently, the most active and dominating exchanges for buying and selling THORChain are Binance, Kraken & Kucoin. The most popular THORChain trading pairs are BTC/RUNE (on THORChain (ERC20) ), RUNE/USDT (on Binance ), BNB/RUNE (on THORChain (ERC20) ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping RUNE?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping THORChain. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

THORChain project's Circulating Supply has been verified and is equal to:

Circulating Supply

337,926,581 RUNE

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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Current price of THORChain is $4.77

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