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 like a refresher on what is THORChain, or some fresh information about RUNE’s price movements. And, of course, we provide you with 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.
RUNE 24H HIGH $4.85519527
RUNE MARKET CAP $1,944,178,462.993
RUNE CIRCULATING SUPPLY 413,521,212.843 RUNE
RUNE 24H LOW $4.44015448
RUNE PRICE $4.70152051
RUNE 24H VOLUME $66,220,427.526
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THORChain Price Chart
Here you can see the current price of THORChain, as well as THORChain price history.
What is THORChain?
THORChain (RUNE) is a decentralized liquidity protocol launched in 2018 by the THORChain Foundation under CEO and Project Lead Chad Barraford.
The network is designed to facilitate cross-chain token swaps, allowing assets from different blockchains to be exchanged directly without the need for centralized intermediaries. It operates on its native BEPSwap infrastructure.
Key features are:
- Seamless Cross-Chain Swaps: THORChain's unique design enables the trustless exchange of assets across different blockchains like Ethereum, Bitcoin, Binance Smart Chain, and more.
- Liquidity Pools: Users can provide assets to liquidity pools, earning yields from trading fees while helping maintain the protocol's liquidity.
- Incentive Mechanisms: RUNE tokens can be staked to secure the network and participate in governance, influencing protocol upgrades and parameter changes.
- Impermanent Loss Protection: Liquidity providers are shielded from the negative impact of impermanent loss, a common risk for participants in decentralized finance (DeFi) protocols.
- Permissionless Innovation: The open-source nature of THORChain allows developers to build on top of the protocol, expanding its use cases and capabilities.
THORChain operates as a cross-chain decentralized application (dApp), providing interoperability between various blockchain networks.
Use cases of the THORChain crypto are:
- Asset Swaps: Traders can exchange cryptocurrencies across different blockchains without relying on centralized exchanges.
- Liquidity Provision: Individuals can contribute assets to liquidity pools to facilitate seamless token swaps while earning a share of the trading fees.
- Margin Trading: THORChain provides decentralized margin trading services with cross-chain support.
Is THORChain safe?
THORChain has an active community of developers and validators who continuously monitor the network for security vulnerabilities and anomalies.
The protocol undergoes regular code audits by reputable organizations to identify and address potential security risks.
THORChain's development is guided by the THORChain Foundation, with upgrades and improvements implemented through community-driven proposals and consensus. The protocol has undergone several upgrades to enhance its security, scalability, and functionality:
In September 2022, THORChain launched Asgardex, a decentralized exchange (DEX) built on top of the THORChain protocol, expanding its capabilities.
Average Fees on the THORChain Network
The average fee gas price for transactions on the THORChain network is approximately 0.32 K RUNE (RUNE).
RUNE Token Wallets for THORChain:
- Trust Wallet
- MetaMask
- Ledger Nano X
- Atomic Wallet
- Math Wallet
A Simple Way To Exchange THORChain Here At SwapSpace
Choose a pair
Choose the cryptocurrencies you would like to exchange among more than 2650 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Select the best rate
You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.
Transfer funds
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: support@swapspace.co.
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