Token

Defi

THORChain

Gains

<p>RUNE, the native token of <a href="https://www.cryptopolitan.com/thorchain-price-prediction/" rel="noopener noreferrer nofollow">THORChain</a>, the cross-chain decentralized exchange, has been making significant waves in the cryptocurrency market, demonstrating a remarkable 31.5% price increase in the last 24 hours. This surge is part of a larger trend that has seen RUNE surge by 115.0% over the past 14 days and an astonishing 212.3% over the past 30 days. These impressive gains have propelled RUNE to reach a new yearly high of $5.31, accompanied by a peak daily trading volume of $1.28 billion.</p>
<h2 class="wp-block-heading" id="rune-s-remarkable-performance">RUNE’s remarkable performance</h2>
<p>In recent weeks, RUNE has <a href="https://www.coingecko.com/en/coins/thorchain" rel="noopener noreferrer nofollow" target="_blank">emerged </a>as one of the best-performing cryptocurrencies in the market, attracting the attention of traders and analysts alike. This sustained bullish momentum can be attributed to several factors, with one of the key drivers being the introduction of new features on the THORChain platform.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24RUNE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$RUNE</a> keeps making new highs. The reason for this is the liquidity flywheel. I'll show you how it works and why it will push <a href="https://twitter.com/search?q=%24RUNE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$RUNE</a> much higher. <a href="https://twitter.com/THORChain?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@THORChain</a> is built on liquidity pools. As the infrastructure is used for swaps, liquidity providers make money. The base asset of…</p>— The Wolf of Defi ⭕️ (@thewolfofdefi) <a href="https://twitter.com/thewolfofdefi/status/1723286999547904021?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">November 11, 2023</a>
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<p>THORChain’s development team, in their Q3 2023 Ecosystem Report, announced the implementation of several innovative features. These include lending, streaming swaps, streaming loans, and savers for stablecoins, among others. These additions have significantly enhanced the functionality of the THORChain platform and contributed to the recent surge in RUNE’s value.</p>
<p>One of the standout features introduced on the THORChain platform is streaming swaps, which have played a pivotal role in RUNE’s meteoric rise. Streaming swaps enable large swap requests to be automatically divided into smaller requests processed over time. The implementation of this feature has led to an increase in the platform’s swap volume and, crucially, the annual percentage rate (APRs) offered to liquidity providers.</p>
<p>Higher APRs naturally attract more liquidity providers who invest in RUNE, the base asset of every liquidity pool on THORChain. This dynamic creates a self-perpetuating cycle known as the “liquidity flywheel.” As more liquidity is added to the platform, RUNE’s value is bolstered further.</p>
<p>Additionally, THORChain’s network nodes play a critical role in maintaining balanced liquidity pools. For every dollar worth of non-RUNE assets deposited in a THORChain liquidity pool, network nodes match it with its equivalent in RUNE. For example, if a liquidity provider deposits $100 consisting of $50 BTC and $50 RUNE into a BTC/RUNE pool, nodes balance the transaction with an additional $50 RUNE. This mechanism adds to the buying pressure in the market, contributing to RUNE’s upward trajectory.</p>

THORChain’s RUNE Token Soars with Impressive Gains

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