RUNE

THORChainRUNE

Rank #72
Token
On 252,130 watchlists

THORChain Price (RUNE)

$1.35
0.16%

0.00007949 BTC0.23%

0.001075 ETH1.28%

Low:$1.32
High:$1.36
24h
RUNE  THORChain RUNE
Price:
$1.35
 0.16%
Market Cap
$447,925,241
0.16%
Market Cap / TVL Ratio
4.91
24h Volume / Market Cap
0.0525
Fully Diluted Market Cap
$677,262,492
0.16%
Total Value Locked (TVL)
$91,248,842
Volume
24h
$23,506,159
12.07%
CEX Vol
$23,506,159.2
DEX Vol
--
Circulating Supply
330,688,061.33 RUNE
66%
Max Supply
500,000,000
Total Supply
498,910,727

THORChain to USD Chart

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RUNE to USD Converter

RUNE

THORChain

USD

United States Dollar

RUNE Price Statistics

THORChain Price Today
THORChain Price$1.35
Price Change24h+$0.002184
0.16%
24h Low / 24h High
$1.32 /
$1.36
Trading Volume24h$23,506,159.21
12.07%
Volume / Market Cap0.05248
Market Dominance0.05%
Market Rank#72
Total Value Locked (TVL)$91,248,842
THORChain Market Cap
Market Cap$447,925,241.03
0.16%
Fully Diluted Market Cap$677,262,492.07
0.16%
THORChain Price Yesterday
Yesterday's Low / High
$1.32 /
$1.40
Yesterday's Open / Close
$1.38 /
$1.33
Yesterday's Change

3.81%

Yesterday's Volume$21,243,235.82
THORChain Price History
7d Low / 7d High
$1.14 /
$1.40
30d Low / 30d High
$1.01 /
$1.72
90d Low / 90d High
$1.01 /
$2.09
52 Week Low / 52 Week High
$1.01 /
$13.15
All Time High
May 19, 2021 (2 years ago)
$21.26
93.63%
All Time Low
Sep 27, 2019 (3 years ago)
$0.007939
16962.42%
THORChain ROI

4132.89%

THORChain Supply
Circulating Supply330,688,061 RUNE
Total Supply498,910,727 RUNE
Max Supply498,910,727 RUNE

RUNE to USD Converter

RUNE

THORChain

USD

United States Dollar

RUNE Price Live Data

The live THORChain price today is $1.35 USD with a 24-hour trading volume of $23,506,159 USD. We update our RUNE to USD price in real-time. THORChain is up 0.16% in the last 24 hours. The current CoinMarketCap ranking is #72, with a live market cap of $447,925,241 USD. It has a circulating supply of 330,688,061 RUNE coins and a max. supply of 500,000,000 RUNE coins.

If you would like to know where to buy THORChain at the current rate, the top cryptocurrency exchanges for trading in THORChain stock are currently Binance, MEXC, Bitrue, CoinTiger, and Bitget. 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 300k 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 single-chain chaosnet launched in April 2021, the multi-chain upgrade was launched in April 2021 and Mainnet is now live as of Jun 2022.. Learn more here

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 protocol is organized via Gitlab with nodes as the ultimate deciders of which codebase to run.

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, liquidity providers by securing assets and being online.

-> Liquidity providers bring capital, placed on-market for the Swappers and arbitrageurs.

-> Swappers and arbitrageurs 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.

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 permissionlessly. This is all kept behind the scenes, making the platform accessible to even inexperienced traders.

The protocol isn't profit-oriented. All fees generated by the protocol go directly to the participants eg. node operators and liquidity providers, 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) however support will end or these in favour for Native RUNE

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 June 2022, there are 308.0 million RUNE in circulation out of a total supply of 500 million.

As we touched on earlier, THORChain initially launched following an IDO on the Binance DEX. As part of the IDO, 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. Much of this allocation was on-sold to raise further funds for the protocol. The team own less than 1% of all RUNE.

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 THORChain interfaces found at THORSwap (decentralized).

As of June 2022, 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 and Binance. For more on buying cryptocurrencies with fiat, see our popular guide.

RUNE to USD Converter

RUNE

THORChain

USD

United States Dollar

RUNE Price Statistics

THORChain Price Today
THORChain Price$1.35
Price Change24h+$0.002184
0.16%
24h Low / 24h High
$1.32 /
$1.36
Trading Volume24h$23,506,159.21
12.07%
Volume / Market Cap0.05248
Market Dominance0.05%
Market Rank#72
Total Value Locked (TVL)$91,248,842
THORChain Market Cap
Market Cap$447,925,241.03
0.16%
Fully Diluted Market Cap$677,262,492.07
0.16%
THORChain Price Yesterday
Yesterday's Low / High
$1.32 /
$1.40
Yesterday's Open / Close
$1.38 /
$1.33
Yesterday's Change

3.81%

Yesterday's Volume$21,243,235.82
THORChain Price History
7d Low / 7d High
$1.14 /
$1.40
30d Low / 30d High
$1.01 /
$1.72
90d Low / 90d High
$1.01 /
$2.09
52 Week Low / 52 Week High
$1.01 /
$13.15
All Time High
May 19, 2021 (2 years ago)
$21.26
93.63%
All Time Low
Sep 27, 2019 (3 years ago)
$0.007939
16962.42%
THORChain ROI

4132.89%

THORChain Supply
Circulating Supply330,688,061 RUNE
Total Supply498,910,727 RUNE
Max Supply498,910,727 RUNE