TORN

Tornado CashTORN

Rank #831
Token
On 27,749 watchlists

Tornado Cash Price (TORN)

$6.74
1.62%

0.0003515 BTC3.44%

0.005055 ETH4.29%

Low:$6.57
High:$6.91
24h
TORN  Tornado Cash TORN
Price:
$6.74
 1.62%
Market Cap
$7,410,624
1.62%
Market Cap / TVL Ratio
0.04468
Fully Diluted Market Cap
$67,381,888
1.62%
Total Value Locked (TVL)
$165,854,704
Volume
24h
$6,926,917
4.71%
Volume / Market Cap
0.9347
Circulating Supply
1,099,794.71 TORN
11%
Max Supply
10,000,000
Total Supply
10,000,000
Sponsored

Tornado Cash to USD Chart

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TORN to USD Converter

TORN

Tornado Cash

USD

United States Dollar

TORN Price Statistics

Tornado Cash Price Today
Tornado Cash Price$6.74
Price Change24h-$0.111
1.62%
24h Low / 24h High
$6.57 /
$6.91
Trading Volume24h$6,926,917.12
4.71%
Volume / Market Cap0.9347
Market DominanceNo Data
Market Rank#831
Total Value Locked (TVL)$165,854,704
Tornado Cash Market Cap
Market Cap$7,410,624.36
1.62%
Fully Diluted Market Cap$67,381,887.75
1.62%
Tornado Cash Price Yesterday
Yesterday's Low / High
$6.80 /
$7.44
Yesterday's Open / Close
$7.19 /
$6.81
Yesterday's Change

5.26%

Yesterday's Volume$6,678,140.71
Tornado Cash Price History
7d Low / 7d High
$6.44 /
$8.08
30d Low / 30d High
$6.44 /
$11.13
90d Low / 90d High
$6.44 /
$31.56
52 Week Low / 52 Week High
$6.44 /
$82.46
All Time High
Feb 13, 2021 (2 years ago)
$437.41
98.46%
All Time Low
Sep 22, 2022 (4 days ago)
$6.44
4.59%
Tornado Cash ROI
No Data
Tornado Cash Supply
Circulating Supply1,099,795 TORN
Total Supply10,000,000 TORN
Max Supply10,000,000 TORN

TORN to USD Converter

TORN

Tornado Cash

USD

United States Dollar

TORN Price Live Data

The live Tornado Cash price today is $6.74 USD with a 24-hour trading volume of $6,926,917 USD. We update our TORN to USD price in real-time. Tornado Cash is down 1.62% in the last 24 hours. The current CoinMarketCap ranking is #831, with a live market cap of $7,410,624 USD. It has a circulating supply of 1,099,795 TORN coins and a max. supply of 10,000,000 TORN coins.

If you would like to know where to buy Tornado Cash at the current rate, the top cryptocurrency exchanges for trading in Tornado Cash stock are currently Binance, OKX, Deepcoin, MEXC, and BingX. You can find others listed on our crypto exchanges page.

What Is Tornado Cash (TORN)?

Tornado Cash aims to solve a number of the privacy and anonymity issues in the crypto world, particularly surrounding traceability of transactions. Tornado Cash v1 was launched in August 2019 as an experimental software, and later evolved into a fully decentralized non-custodial protocol that permits private transactions.

Tornado Cash utilizes smart contracts on the Ethereum network. The protocol is able to achieve this level of privacy by disrupting the on-chain link between the addresses of the sender and recipient. Often, the implementation of this technology is referred to as a “decentralized mixer.” The immutable nature of the protocol means that no transactions can be changed or tampered with, not even the developers, which assures the highest level of privacy to its users.

Who Are the Founders of Tornado Cash?

Roman Semenov, a co-founder of Tornado Cash graduated from Moscow State University where he studied Quantum Statistics and Field Theory. Following University, he worked in e-commerce and social media, having founded two companies in those fields. In 2017, Semenov branched into crypto, working as a Chief Software Architect at a foundation specifically focusing on Ethereum scalability. In 2018, he founded PepperSec, a white hat hacker security consultant agency, which led to the creation of Tornado Cash.

Roman Storm, another co-founder of the protocol, has a long resume of positions in the tech, blockchain and software world. He previously worked as a Software Engineer at Amazon and Marketron. He also served as the Chief Technology Officer at the POA Network. Storm also held a position as a Blockchain Developer for Blockchainlabz.nz. Together, he and Semenov founded PepperSec and started Tornado Cash.

What Makes Tornado Cash Unique?

Tornado Cash is entirely permissionless and runs a self executable code. In May of 2020, the developers destroyed their admin keys, which means that they themselves do not have the ability to see or alter any transactions that occur on their protocol. The team states that they do not have much oversight over the protocol aside from publishing code to GitHub, arguing that financial privacy is essential to freedom.

The cryptographic method (MPC) used to destroy their admin keys means that transactions on Tornado Cash are “trustless and completely unstoppable,” in the words of co-founder Roman Semenov. The level of anonymity means that transactions on Tornado Cash can even potentially evade sanctions.

The protocol is often criticized for its usage by hackers who can use it to store their stolen funds, and has been cited as a vehicle for money laundering. Despite the ultra secrecy of the protocol, some have argued that there may be a way to track transactions if there is a large deposit and low liquidity.

Tornado Cash Sanctioned by the United States

On August 8th 2022, Tornado Cash was officially sanctioned by the U.S after a series of allegations that the coin mixer had been used to launder money from American citizens.

Specifically, the U.S Treasury Department claims that over $7 billion in digital assets has been laundered through Tornado Cash over the past 3 years. The announcement of these sanctions brought about a massive price drop, some high level trolling and even an arrest.

An anonymous Tornado Cash user has been sending 0.1 ETH to public accounts of celebrities and other high-profile users, potentially implicating their accounts and underscoring the question of what these sanctions actually mean for crypto users. In terms of other legal repercussions, a 29 year old software developer at Tornado Cash has since been arrested.

Learn more about the concept of Privacy Coins and the legal issues surrounding them.

Find out more about Monero — one of the top anonymous cryptocurrencies.

Read more about Helix — a pioneer in “Bitcoin” mixing technology.

Interested in deeper analysis and industry leading reports? Check out CMC Research.

New to this space and want to learn more? Visit CMC Alexandria, our educational portal.

How Many Tornado Cash (TORN) Coins Are There in Circulation?

At the time of writing in August 2022, there are approximately 1.1 Million TORN coins in circulation. TORN has a maximum circulating supply of $10 million.

According to their whitepaper, the TORN tokenomics and token issuance schedule is as follows:

5% (500,000 TORN): Airdrop to early users of Tornado.Cash ETH pools

10% (1,000,000 TORN): Anonymity mining for Tornado.Cash ETH pools, distributed linearly over 1 year

55% (5,500,000 TORN): DAO treasury, will be unlocked linearly over 5 years with 3 month cliff

30% (3,000,000 TORN): Founding developers and early supporters, will be unlocked linearly over 3 years with 1 year cliff

How Is the Tornado Cash Network Secured?

Tornado Cash runs on the Ethereum network and is secured by zero-knowledge proofs. The Tornado Cash protocol and the anonymity mining protocol has been audited by several professional audit companies including Zeropool.

When Will Tornado Cash Trading Begin?

$TORN began trading in February 2021, when it airdropped 5% of its total supply (500,000 TORN).

Can TORN Hit $100?

TORN launched at a trading price of $214.29 and hit an all time high of $436.16 in February of 2021, but has since lost 95% of its value.

Where Can You Buy Tornado Cash (TORN)?

You can purchase Tornado Cash at most leading centralized and decentralized exchanges including: Binance, Gate.io, Uniswap, OKX, BingX, CoinW, Sushiswap and Deepcoin. For a full list of eligible exchanges, find out more here.

TORN to USD Converter

TORN

Tornado Cash

USD

United States Dollar

TORN Price Statistics

Tornado Cash Price Today
Tornado Cash Price$6.74
Price Change24h-$0.111
1.62%
24h Low / 24h High
$6.57 /
$6.91
Trading Volume24h$6,926,917.12
4.71%
Volume / Market Cap0.9347
Market DominanceNo Data
Market Rank#831
Total Value Locked (TVL)$165,854,704
Tornado Cash Market Cap
Market Cap$7,410,624.36
1.62%
Fully Diluted Market Cap$67,381,887.75
1.62%
Tornado Cash Price Yesterday
Yesterday's Low / High
$6.80 /
$7.44
Yesterday's Open / Close
$7.19 /
$6.81
Yesterday's Change

5.26%

Yesterday's Volume$6,678,140.71
Tornado Cash Price History
7d Low / 7d High
$6.44 /
$8.08
30d Low / 30d High
$6.44 /
$11.13
90d Low / 90d High
$6.44 /
$31.56
52 Week Low / 52 Week High
$6.44 /
$82.46
All Time High
Feb 13, 2021 (2 years ago)
$437.41
98.46%
All Time Low
Sep 22, 2022 (4 days ago)
$6.44
4.59%
Tornado Cash ROI
No Data
Tornado Cash Supply
Circulating Supply1,099,795 TORN
Total Supply10,000,000 TORN
Max Supply10,000,000 TORN