Exchange THORChain (RUNE)
If you're looking to swap THORChain, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is THORChain or some fresh information about RUNE’s price movements. And, of course, we provide you with the multiple THORChain exchange options so that you can choose the offer with the best rates and lowest THORChain fees, as well as other parameters that suit you.
THORChain Price Stats
To help you make a decision about exchanging your THORChain, we gathered some cold hard numbers: THORChain price chart and other stats, such as THORChain market cap.
24H HIGH $1.436
RUNE MARKET CAP $691,000,000
CIRCULATING SUPPLY 500,000,000 RUNE
24H LOW $1.3808619
RUNE PRICE $1.382
24H VOLUME $8,225,802.322
THORChain Price Chart
Here you can see the current price of THORChain, as well as THORChain price history.
What is THORChain?
RUNE is a token powering THORChain – a liquidity platform used as a fast, cheap, and decentralized cryptocurrency exchange, on the one hand, and an opportunity for some users to become liquidity providers and get some yield on their idle digital assets, on the other hand. Importantly, it facilitates cross-chain swaps, but unlike most of the existing solutions, does not require a third party i.e. centralization for that. THORChain was launched on Binance DEX through IDO in 2019, but its mainnet went live in January 2021. The people behind the project keep maintaining their anonymity.
As a decentralized exchange, THORChain allows its users to swap assets using liquidity pools, without having to give up their custody of those assets to the exchange, with no order books. THORChain uses some novel or unique technologies – for example, a way to mitigate impermanent loss or a protocol for cross-chain swaps.
RUNE as a token has multiple purposes, one of which is also facilitating cross-chain swaps by being a native settlement currency that is supplied to liquidity pools. The network is secured with Proof-of-Bond protocol, requiring every node to provide RUNE as a bond to discourage attacks – the details make this usage THORChain-specific too. RUNE is also used in more or less ordinary situations like providing network incentives, governing the network, and securing the assets.
A Simple Way To Exchange THORChain Here At SwapSpace
Choose a pair
Choose the cryptocurrencies you would like to exchange among more than 1600 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Select the best rate
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: firstname.lastname@example.org.