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RUNE Price   

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RUNE Price:
$0.4 B
All Time High:
Market Cap:
$1.1 B

Circulating Supply:
Total Supply:
Max Supply:


The price of #RUNE today is $5.78 USD.

The lowest RUNE price for this period was $0, the highest was $5.78, and the current live price for one RUNE coin is $5.78057.

The all-time high RUNE coin price was $20.94.

Use our custom price calculator to see the hypothetical price of RUNE with market cap of ETH or other crypto coins.


The code for THORChain is #RUNE.

THORChain is 4.6 years old.


The current market capitalization for THORChain is $1,148,433,493.

THORChain is ranked #78 out of all coins, by market cap (and other factors).


The trading volume is very large during the past 24 hours for #RUNE.

Today's 24-hour trading volume across all exchanges for THORChain is $350,063,388.


The circulating supply of RUNE is 198,671,441 coins, which is 40% of the maximum coin supply.


RUNE is a token on the Thorchain blockchain.


RUNE is integrated with many pairings with other cryptocurrencies and is listed on at least 23 crypto exchanges.

View #RUNE trading pairs and crypto exchanges that currently support #RUNE purchase.


Note that there are multiple coins that share the code #RUNE, and you can view them on our RUNE disambiguation page.



The Next Generation of THORChain Liquidity

How Savers changes the game when it comes to passive yield on THORChain.. — THORChain has always prioritised passive liquidity. This is the biggest market — make no doubt. Dual-LPs in THORChain deposit capital and hope to make yield. However, they are exposed to two assets on two chains and this was the UX-killer. The dev team attempted to solve this first by allowing assym-deposits. However the LP was still exposed to price shifts, which counted the efforts. Impermanent Loss Protection (ILP) was delivered to address this, and affords dual-LPs the ability to always buy back their original deposit amount. This solved the price-anxiety, but did not address the UX. What is ILP? If a legacy THORChain LP deposited 1.0 BTC in an infinitely deep BTC pool, they would be issued a deposit value of 0.5 BTC and 0.5 BTC in RUNE. This is recorded and insured. When they go to withdraw, the redemption values are compared with the deposit values and the shortfall made up. This shortfall would guarantee they leave with enough assets to buy back 0.5 BTC and 0.5 BTC worth of RUNE at the deposit prices.What is this? This is almost like single-sided deposit and yield, but via a convoluted User Experience (UX) involving another asset and not quite true single-sided exposure. — Enter THORChain Synths. — THORChain Synths are synthetic versions of L1 assets collateralised by liquidity units. 1.0 btc/btc is made up of 0.5 BTC...

Quarterly Treasury Report — Q1 2022

Quarterly Treasury Report — Q1 2022 — The treasury comprises of $217m, funding protocol development, liquidity and paying out to community grants. Liabilities have all been repaid. The protocol has 173m ($2.1bn) in RUNE reserves. Planned Obsolescence not before July 2022.. — Summary The treasury is at $217m. The Protocol Reserves total 173m RUNE, worth $2.1bn. These are allocated for Mainnet emissions, PoL and THORFi. Planned Obsolescence is guided not before July 2022.Operational Treasury The treasury comprises of $15m non-RUNE assets, $125m in RUNE and $76m in LP positions, total of $217m. These funds are spent on protocol development, technical costs and community grants. The LP Positions are maintained in THORChain to provide:yield on assetsliquidity for RUNELP of last resort Additional non-RUNE assets were secured in the quarter and added as LP:$2m in DOGE$2m in LUNA-UST assets — Non-RUNE Wallets. — — RUNE Wallets. —

Quarterly Treasury Report — Q4 2021

Quarterly Treasury Report — Q4 2021 — The treasury comprises of $146m, funding protocol development, liquidity and paying out to community grants. Liabilities have all been repaid. The protocol has 174m ($1.2bn) in RUNE reserves. Planned Obsolescence not before July 2022.. — Summary The treasury is at $146m. The Protocol Reserves total 174m RUNE, worth $1.2bn. These are allocated for Chaosnet & Mainnet emissions. Planned Obsolescence is guided not before July 2022.Operational Treasury The treasury comprises of $18m non-RUNE assets, $90m in RUNE and $38m in LP positions, total of $146m. These funds are spent on protocol development, technical costs and community grants. The LP Positions are maintained in THORChain and Uniswap to provide:yield on assetsliquidity for RUNELP of last resortLiabilities All liabilities have been re-paid. Occasionally some network instability issues or bugs cause unfair slashing events to nodes. Generally if these slashing events are put down to network issues, then they are refunded. After mainnet, this practice will cease, and instead Node Operators who are slashed should: 1) Attribute the slash to the cost of doing business as Node Operator; 2) Investigate the slash and raise a PR if a bug is found; 3) If slashed due to an external chain instability; then campaign to have that chain removed from the network. These market-based principles are important to ensuring t...

Upgrading to Native RUNE

Deprecating IOU RUNE (BNB.RUNE and ETH.RUNE).. — SummaryIOU Tokens (BNB.RUNE and ETH.RUNE) will be deprecated after mainnet. Nodes will activate a “killswitch”, which will slowly reduce the redemption rate from 1.0 to 0.0 over the course of a year. After a year the upgrade code will be entirely removed and IOU tokens will no longer be supported. Upgrade your IOU tokens now. — How to Upgrade. — If you hold your tokens on a centralised exchange, the exchange will switch your tokens for you to Native RUNE. If you hold your tokens in a wallet:Create a THORChain wallet using any of the options: the “UPGRADE” button and upgrade your asset (note: you will need gas on your wallet, eg BNB for BNB.RUNE or ETH for ETH.RUNE) Several guides have been created:How to switch to Native RUNE using Ledger (2 ways) — THORNoobHow to Switch Binance $RUNE to Native $RUNE (2 Ways: Arbitrage, Upgrade) — THORSwapHow to: Upgrade to Native RUNE (THOR.RUNE) Using ThorSwap DEX — LP University.Why IOU tokens? THORChain is a proof-of-bond network, run autonomously by anon operators. If the network was launched with no prior distribution phase, the THORChain treasury could dictate the genesis node operators, eroding the decentralised qualities of the network. Instead, IOU RUNE on two networks, Binance Chain and Ethereum, was circulated for permissionless ac...

All in on THORChain Security

Activating large RUNE holders to contribute to network security.. — — Update 13 Feb 2022. — The offer below was also extended to holders of team-vested RUNE: commit to a node for earlier vesting with positive take-up. Additionally, unlocks were accelerated to be all upfront in order to prioritise security. Community should expect to see more nodes come online in the weeks ahead. Team RUNE: Originally 50m (10%) was allocated to the team. Since the team anticipated growth, a large part of the allocation was left for future award. Part of this RUNE was sold under vesting in 2019 and 2020 to raise funds for the treasury. The remainder of this RUNE was awarded (under vesting) to team members who joined in 2019, 2020 and 2021, as well as most recently NineRealms, who are being awarded a vesting package. As a result of this, the devs are considering to raise the number of node slots to 120.Overview THORChain is backed by several large seed investors. These seed investors first backed THORChain in 2018 and early 2019. They locked their tokens indefinitely in October 2019 until mainnet was delivered. Seed allocation is roughly 5.2% (26m RUNE) of the network and is located on this address: THORChain Several seed investors are willing to back THORChain into 2022 and beyond. The most important aspect of THORChain this year is r...

Quarterly Treasury Report — Q3 2021

Quarterly Treasury Report — Q3 2021 — The treasury comprises of $273m, funding protocol development, liquidity and paying out to community grants. Liabilities have been mostly repaid. The protocol has 177m ($2.5bn) in RUNE reserves. Planned Obsolescence July 2022.. — Summary The treasury is at $273m, with a debt of $6.2m. The Protocol Reserves total 177,689,566 RUNE, worth $2.5bn. These are allocated for Chaosnet & Mainnet emissions. Planned Obsolescence is set for July 2022.Operational Treasury The treasury comprises of $20m non-RUNE assets, $195m in RUNE and $57m in LP positions, total of $273m. These funds are spent on protocol development, technical costs and community grants. The treasury has increased partly due to the rise in value of holdings. The LP Positions are maintained in THORChain and Uniswap to provide:yield on assetsliquidity for RUNEdog-food the protocolLP of last resortLiabilities All liabilities have been re-paid except:5m XRUNE loan (1.5m secured)364k RUNE owed to network participants It is expected these will be re-paid in the coming month.Debt THORChain treasury has a $4m Line of Credit with IronBank, of which all outstanding debt has been repaid. There is discussions with the Cream Team to reverse the Line of Credit and allow Cream to borrow 485k ETH.RUNE to repay their users following their recent hack. There is no impact to the wider treasury if this is pursued.Prot...

Monthly Treasury Report — July&August 2021

Monthly Treasury Report — July&August 2021 — The treasury comprises of $194m, funding protocol development, liquidity and paying out to community grants. Liabilities have been secured. The protocol has 180m in RUNE reserves. Planned Obsolescence July 2022.. — Summary The treasury is at $194m, sufficient for the roadmap. Community grants can be allocated. Liabilities totalling $30m but have been secured and are waiting to be discharged. The Protocol Reserves total 179,093,899 RUNE, worth $1.8bn. These are allocated for Chaosnet & Mainnet emissions. Planned Obsolescence is set for July 2022.Operational Treasury The treasury comprises of $45m USD liquid and $148m in RUNE, total of $194m. These funds are spent on protocol development, technical costs and community grants. The treasury has increased partly due to the rise in value of holdings. — Liabilities. — The total cost incurred from the Ethereum Router exploits totalled $16m at the time. The treasury set out a 3-stage plan to cover the liabilities:Secure 1/3rd immediately with liquid treasury assets (done)Secure 1/3rd immediately with loan from IronBank (done)Pay the final 1/3rd at the time of restoring solvency by adding RUNE directly to the pool when the network is re-launched. (3) is needed since the price of assets will fluctuate and the actual pool ratios will change until the network is re-launched. As of 30 August 2021, the fu...

Hardening the THORChain Protocol

Steps taken to make THORChain more resilient to attacks and network uncertainty.. — Overview There are number of changes being made to the THORChain protocol to make it more impervious to attacks, and being able to react quicker to save funds. These changes have been made from first-hand experience of several attacks, where the behaviour of the attacker, node operators and community were observed. This is a key part to formulating exactly what should be done and where. The intent of these changes is to make any attacker think launching an attack on THORChain as not even worth the attempt, instead they should just file for a bounty and get paid. To do this, more power is given to nodes, more checks are in place continuously, and funds leaving the system are throttled to slow down leaks. The last point to stress, is that these changes will have an interim negative effect on User Experience. Once these changes are live, the THORChain protocol is likely to pause more frequently, and swaps will take longer to settle. Wallet operators will need to communicate chain pause status continually, seamlessly detecting a pause and communicating this to users. Users on fast chains (BNB) will notice the settlement delay and as a result volumes may drop on these chains. Over time as the network gains stability, the sensitivity of the network will be tuned down to improve UX. They are:Automatic Solvency CheckerGranular Network Pause...

Post-mortem: ETH Router Exploits 1 & 2, and premature Return To Trading Incident

The ETH Router Exploit 1 & 2, Premature Trading, fixes and network response, as well as the 5 Pronged Response.. — Summary THORChain suffered two back to back exploits on its ETH Router. The first took all the ETH from the system via an attack contract that sat in front of the Router, and the second took all the economically significant ERC20s via an attack contract that sat behind the router. In both cases the exploits were able to trick the Bifrost into reporting receiving assets it had not. The root cause was a Bifrost interface that did not fully account for the degrees of manipulation that can occur in smart contract events. No other chains or assets were affected. The THORChain team and community have kicked off a 5-Pronged Plan to address, fix and recover. They are detailed below. The THORChain treasury will cover all losses to LPs. Nodes are not affected.Exploit 1 — ETH The attacker deployed a contract that sat in front of the Router, which was able to call the deposit() function of the Router. The ability for the Router to be wrapped was recently made available to support ecosystem development. The full scope of this was not assessed thoroughly at the time. The attack contract simply diverted the msg.value back to themselves, calling with a value of 0 into the Router. The Bifrost read the msg.value instead of the emitted deposit event. This is necessary to support Router upgrades, but should not ha...

Post-mortem: ETH Router Upgrade

The ERC-777 re-entrancy bug, trading halt, Router Upgrade, USDT rescue, return to solvency and operational, improvements. — Summary On 9th July 2021, a whitehat discovered a vulnerability in the THORChain router when dealing with ERC-777 tokens and worked with the team to rescue the funds back to the THORStarter deployer account. The Router was patched and deployed to testnet, but during testing an issue when dealing with non-standard ERC-20’s was found, specifically USDT. A recovery plan was posed to the community, which was to rescue the USDT back to the treasury (after a 24 hour notice) and the rest of the tokens migrated via the normal Router Upgrade path. Complications arose since simultaneously the Testnet was found to not be operational, so a new one had to be established. Ultimately the router was upgraded and trading resumed.Details — ERC-777 Re-entrancy. — A simple bug, but not one contemplated at the time the Router was deployed or reviewed by the THORChain community for MCCN launch. An audit of the Router was scheduled to be performed by TrailOfBits in July, which will go ahead but now on Router V3. The root cause is that ERC-777 allows hooks to be called on transfers. This is the same as sending ETH to a contract (a hook can be called). The hook called a secondary deposit into the router, which caused the funds to be partially “double-dipped” and the member credited more allowance than th...


Thorchain Dominates Cross-Chain Trading Volume: What's Next for RUNE?

    Thorchain, a cross-chain liquidity network, has emerged as a frontrunner in cross-chain transfers, surpassing its competitors in volume and transaction activity, on-chain data shows.  Thorchain Trading Volume Expands As Prominence Increases Citing Galaxy Research data, a user on X, Bullion, noted that Thorchain processed $4.82 billion in cross-chain transactions over the past 30 days, while Cosmos' Inter-Blockchain Communication (IBC) protocol handled $3.35 billion worth of transactions during the same period. Among layer-2 bridges, Arbitrum Bridge led the pack with $1.21 billion in cross-chain volume. Others, like Polygon POS and Stargate, processed $564 million and $694 million, respectively. The spike in Thorchain's trading volume and liquidity indicates the protocol's increasing significance in the broader decentralized finance (DeFi) landscape. The protocol's unique features and innovative solutions have made it a preferred destination for cross-chain asset transfers.  At the heart of Thorchain is its ability to facilitate cross-chain asset swapping in a trustless and non-custodial manner. In this arrangement, and like popular decentralized exchanges like Uniswap, Thorchain allows users to retain control of their funds without depending on intermediaries.  The stream swaps technology seems to be drawing user attention to Thorchain. This feature allows users to swap with near-slippage free even without high liquidity. Technically, and as expect... read More

Top 5 Cryptos Set For A Price Explosion This December – ADA, TIA, ...

    As the year draws to a close, cryptocurrency enthusiasts are eagerly anticipating a potential boom in the market, especially for the top 5 cryptos we have examined below, with December poised to be a pivotal month for digital assets. Among the myriad of cryptocurrencies, five stand out as prime candidates for a major price explosion. Cardano (ADA), Celestia (TIA), THORchain (RUNE), Terra Classic (LUNC), and the perennial giant Bitcoin (BTC) have captured the attention of investors and analysts alike. With unique features, strong fundamentals, and a buzz of anticipation surrounding them, these top-tier cryptos are positioned to make significant moves in the coming weeks, potentially reshaping the landscape of the crypto market. Top 5 Cryptos Set To Rally This December Bitcoin (BTC) Bitcoin is moving rapidly in the direction of the $40,000 mark. The potential approval of a Bitcoin ETF by the Securities and Exchange Commission is one of the many variables driving the price of bitcoin. In the 24 hours leading up to early Friday morning, the price of bitcoin increased 3.2%, reaching approximately $38,856, according to statistics provided by price tracker Coingecko. Coincodex has a more bullish prediction for Bitcoin, seeing the crypto hitting $58K in the coming month. Source: Coincodex Analysts such as CryptosRUs anticipate that Bitcoin will soon reach $40,000 and even more, pointing to the impending halving event and possible approvals for ETFs as major catalysts. Cardano (ADA)... read More

Thorchain Rises to Third in Decentralized Exchange Rankings, Hits $1.8B ...

    In the past week, trading activity on the decentralized exchange (dex) Thorchain has experienced a significant surge, reaching $1.854 billion in trade volume. Data shows that Thorchain is currently the third-largest dex in terms of volume, following the popular dex protocols Uniswap and Pancakeswap.2% of Global Bitcoin Spot Trading Channeled Through Thorchain In the world of decentralized finance (defi), Thorchain has been recording notable volumes. At its core, Thorchain is a decentralized cross-chain infrastructure that facilitates the settlement of native assets across various blockchain networks. Thorchain allows users to swap native assets between supported chains or deposit assets to earn yields from swaps. Thorchain was developed using the Cosmos SDK - a framework for building blockchain applications in Golang. Archived statistics from reveal Thorchain as the third-largest dex this week, with a total volume of $1.854 billion. Uniswap reported $12.021 billion, while Pancakeswap had around $2.974 billion. In terms of overall volume, Uniswap has reached $1.767 trillion, and Pancakeswap has accrued $626.52 billion. Thorchain's total volume stands at $12.426 billion, less than Trader Joe's $86.278 billion and Raydium's $53.697 billion. Among the top ten dexes, Thorchain saw the largest week-over-week percentage increase, climbing 144% higher. In the last 24 hours, Uniswap recorded $1.619 billion in volume, Pancakeswap had $444.9 million, and Thorchain achieve... read More

RUNE Soars 40% Weekly as THORChain Claims 2nd Place in DEX Daily Trading...

    THORChain, a native asset settlement protocol, is now the second-largest decentralized exchange (DEX). Its native token, RUNE, has experienced a significant increase over the last week amid the aforementioned development. THORChain Surges in Trading Volume Over the past week, THORChain has experienced a significant surge in trading volume, surpassing $1.325 billion. Data from DeFi Llama reveals that its daily trading volume has reached $334.3 million, topping PancakeSwap and securing the second spot, trailing only behind Uniswap. Despite this impressive growth, THORChain's total value remains steady at $260.1 million. The acceleration in THORChain's ascent, surpassing Curve Finance, occurred much earlier than anticipated by THORChain core developer Chad Barraford. Initially predicting the flipping to appear before the end of 2023, Barraford expressed surprise in a November 13 X post, stating that this happened much faster than they thought, “taking two days instead of 2 months”. Okay, this happened much faster than i thought. Just took 2 days instead of 2 months. But its happened, @THORChain has more trade volume in a week than @CurveFinance. Next is @PancakeSwap — Chad Barraford (@CBarraford) November 13, 2023 THORChain is recognized as a multichain counterpart to Uniswap, allowing users to exchange native Bitcoin for Ether through the decentralized exchange named THORSwap, powered by the THORChain proto... read More

THORChain (RUNE) Notches 31.5% Gain To Attain New Yearly Peak

    RUNE, native token of the cross-chain decentralized exchange THORChain, is currently one of the best-performing cryptocurrencies in the market, boasting of a 31.5 % price increase in the last 24 hours.  Based on data from Coingecko, this price gain only underlines the remarkable bullish form of RUNE in the past few weeks, as the token is up by 115.0% and 212.3% on the 14-day and 30-day charts, respectively.  Interestingly, this sustained bullish pressure in the RUNE market has resulted in the DeFi coin attaining a new yearly high of $5.31 and a peak daily trading volume of $1.28 billion. Behind THORChain (RUNE) Rise In analyzing RUNE’s meteoric rise in the past few weeks, several analysts have given credit to the newly introduced features on the THORChain platform.  For context, in the THORChain Q3 2023 Ecosystem Report, the DEX’s development team announced the implementation of new features such as lending, streaming swaps, streaming loans, and savers for stablecoins, among others.  In an X post on Saturday, a crypto analyst with the username The Wolf of DeFi provided some insight into how one of these features has spurred RUNE to new heights. The analyst attributed most of RUNE gains to the streaming swaps feature, which is designed to allow large swap requests to be automatically divided into smaller requests that are processed over time.  $RUNE keeps making new highs. The reason for this is the liquidity flywheel. I'll show you h... read More

RUNE Solid 100% Rally Hits Barrier: THORChain Price Nears Key Resistance

    THORChain's price has been up by over 100% since the last week of October, hitting levels not seen since May 2022. This is an amazing increment in price. But caution is advised since RUNE, an altcoin, seems overbought, possibly signaling a 20% drop in the near future. At the time of writing, RUNE was trading at $3.42, climbing over 15% in the last 24 hours, and registering an impressive 37% rally in the last seven days, figures by CoinMarketCap shows. RUNE: Potential To Reverse Bearish Trajectory If RUNE closes above the psychological $3.500 mark, it could negate the present downturn and cause the bearish attitude to change. The significance of RUNE closing above the critical $3.500 mark lies in its potential to reverse the prevailing bearish trend and trigger a shift in market sentiment. Achieving this milestone could signify a break in the current downtrend, potentially instigating a more positive outlook among investors and traders. THORChain underwent a notable phase of consolidation, a period marked by relatively stable prices and limited fluctuations. Following this consolidation, the market witnessed a substantial surge, propelling THORChain's price upwards by over 40%. However, in the aftermath of this surge, the price has demonstrated a consistent stability, remaining within a relatively similar range. This stability has coincided with a broader downturn in market dynamics, where fluctuations and overall activity have shown a decrease across the market. Despite the... read More

THORChain Beats Rivals In Top 100 Coin Rankings With 34% Rally – H...

    Over the past week, the market has exhibited a pattern of lateral movement, particularly noticeable in the top cryptocurrencies which have shown a downtrend in their pricing. Notably, THORChain has emerged as the standout performer, demonstrating significant strength by surging over 5% in value within the last day, and an impressive 34% increase over the course of the week. RUNE Soars Over 270%: A Thrilling Journey Of Value Surge Recently, the RUNE token on THORChain has seen a tremendous ascent. It started off on a fantastic trajectory, rising from a low of just under $0.80 on June 14 to a solid high of $2.90 today—a phenomenal 270% gain. A reversal from a descending triangle, which gained significant traction around August 15, was the catalyst for this advance. Despite some ups and downs coming up to October 20th, the token managed to gain another 80%. This surge in value stands as a testament to the robustness of THORChain's RUNE token, buoyed not only by the impressive price momentum but also by an evident surge in trading volume. RUNE has advanced from its lowest level this year, making the token among the top-performing cryptocurrencies in the world. THORChain: Impending Breakout And The $10 Target This increased trading activity not only substantiates the upward trend but also underscores a burgeoning confidence among buyers, emphasizing a collective belief in driving the coin towards even greater heights. Captain Faibik, a well-known analyst i... read More

Thorswap Halts Operations Amidst FTX Hacker's Fund Movement; RUNE Drops ...

    The decentralized exchange (dex) Thorswap has paused operations after a series of funds stemming from the FTX hacker was sent to the dex protocol. Thorswap took to social media and said that the team 'stands firmly against any and all criminal actions.'Thorswap Pauses Amidst FTX Hack Fallout; RUNE Value Takes a Hit After the FTX hacker moved thousands of ether (30,000 ETH) for the first time since the November 2022 breach, onchain observers noted that the funds were sent to Thorswap and the decentralized finance (defi) application Railgun. On October 6, 2023, Thorswap updated the community and said that the dex was down for maintenance. The dex team said: Yesterday, following a careful evaluation of the situation and consultation with advisors, legal counsel, and law enforcement, the decision was made to temporarily transition the Thorswap interface into maintenance mode. The dex will remain paused until 'until a more permanent and robust solution' becomes available. Thorchain's native crypto asset RUNE dropped 8.6% on the news. Thorswap said the developers are doing everything they can to get the application back up and running again. 'Swaps are paused. LP actions, Earn (savers), Borrow (lending), Staking actions are all fully operational,' Thorswap further detailed. Consensys product manager Taylor Monahan insisted on the social media platform X (formerly Twitter) that over the past four months, 'more than 50% of the ether to Thorswap router to bitcoin transactions have be... read More

ThorChain Hits Record-Setting $355 Million Trading Volume in a Day

    ThorChain, a decentralized liquidity protocol, reported a record-breaking transaction volume on Oct. 5, with the number surging to $355 million in a single day, marking an all-time high. This noteworthy event is part of a larger trend as the cumulative transaction volume over the past five days has surpassed the $1 billion mark. ThorChain’s Record-Breaking Volumes According to the analysis, the surge in transaction volume coincided with the rise in swap counts associated with the network. On Oct. 5, when the transaction volume was close to $355 million, the count of swaps related to the network was 115,630. This was an upward surge compared to the preceding day, when the swap count was 61,877, and the total volume was merely $170.8 million. The daily change in transaction volume from Oct. 4 to Oct. 5 was a massive 107.6% increase. A look at the charts indicates an upward trajectory in the transaction volumes since Sept. 29. While the network reported just about $34.45 million as total volume on Sept. 29, the value increased to $60.14 million the next day and $166.4 by Oct. 1. Later, on Oct. 2, the total transaction volume made a new high of $197.33 million before minor plunges were noted at $173.84 million and $170.84 million between Oct. 3 and 4, respectively. Between Oct. 1 and 5, the cumulative transaction volume was $1.063 billion. As the transaction volumes seemingly surged, so did the earnings volume associated with the network. On Oct. 4, the liquidity earning wa... read More

RUNE Beyond Swaps: THORChain Introduces New Lending Protocol

    In a recent development, THORChain (RUNE), the liquidity network, has unveiled its lending feature, enabling users to leverage their native Layer-1 (L1) assets, such as Bitcoin (BTC) and Ethereum (ETH), to secure loans denominated in TOR, a USD equivalent stablecoin.  According to the announcement, this move opens up new avenues for financial participation, allowing users to borrow funds without the “burdens” of interest, liquidations, or expiration. THORChain Introduces Interest-Free Loans The lending process is designed to be user-friendly and “straightforward,” focusing on minimizing cognitive burden.  Depending on prevailing market conditions, borrowers can collateralize their assets within a range of collateralization ratios (CR), ranging from 200% to 500%. The CR determines the amount of debt borrowers can receive in proportion to their collateral. One of the critical advantages of THORChain's lending protocol is the absence of interest charges. By eliminating interest, the protocol encourages borrowers to hold onto their loans for extended periods, thereby increasing the equity value of the protocol.  This approach aims to align the interests of borrowers with the protocol itself, fostering a mutually beneficial ecosystem. Furthermore, THORChain's lending system does not involve liquidations. In traditional lending models, borrowers risk having their collateral forcibly sold if its value falls below a certain threshold. Howe... read More

RUNE Defies Market Sentiment With 30% Weekly Surge, BTC Uncertain at $26...

    Despite recovering a few hundred dollars since yesterday, bitcoin's price is still shaky at around $26,000. Most alts have finally turned green, albeit in a very modest fashion, with XRP maintaining the $0.5 line. BTC Shaky at $26K After last week's uneventful price performance, BTC headed north on Monday and touched $29,700. This came a day before Europe saw the first spot BTC ETF going live on Euronext Amsterdam. While that seems to be bullish news on the surface, the cryptocurrency headed south and dipped to and below $29,000 by Thursday. The landscape worsened even more in the following days amid speculations that Elon Musk's SpaceX has sold its remaining BTC stash. The asset reacted with an immediate price drop that drove it to a new two-month low of $25,300. It managed to bounce off rather quickly and spiked above $26,000 on the same day. However, it slipped back below it yesterday. As of now, bitcoin trades at around $26,000 after a minor daily increase. Nevertheless, its market cap is still beneath $510 billion, while its dominance over the alts is stuck at 48.1% on CMC. BTCUSD. Source: TradingView RUNE Defies the Odds Most alternative coins followed BTC on its way south, with massive price drops, which in some cases were with double-digits. Most have attempted to recover some ground since then but not very efficiently. Ethereum, for example, went from over $1,850 to about $1,600 to mark a multi-month low of its own. Now, though, ETH sits just above $1,650. Most large... read More

Riding The Storm: THORChain 50% Rally Shines As Top 100 Coins Falter

    Within the dynamic cryptocurrency environment, THORChain (RUNE) has emerged as a notable altcoin, capturing the interest of investors who are actively pursuing methods to augment the diversification of their investment portfolios. In conjunction with the established entities such as Bitcoin and Ethereum, the cryptocurrency market has experienced significant growth with a diverse range of alternative coins, each presenting unique attributes and prospective prospects. Altcoins, which comprise a diverse array of technological advancements, application cases, and governance frameworks, provide investors a wide range of options to consider. THORChain Emits Force In The Weekly Chart THORChain (RUNE), renowned for its cross-chain liquidity mechanism, has garnered significant attention this week due to a different factor. According to statistics from Coingecko, THORChain is currently priced at $1.54, reflecting an increase of 50% over the past seven days. However, it has had a decline of 3.7% within the last 24 hours. The boost in price can be attributed to a concurrent rise in the social volume of the THORChain cryptocurrency. According to data from Coincodex, there was a significant increase in social volume, exceeding 4,300%, during the period from August 7 to 13. The price of RUNE has exhibited a bullish trend since the middle of June. However, this upward movement was interrupted when the price above the $1 threshold and subsequently began to undergo a retracement. The price ... read More

THORChain's RUNE Explodes 20% in a Day, Bitcoin (BTC) Stalls at $29K (We...

    Bitcoin continues to trade sideways, and the past 24 hours didn't bring any deviation from the tight range between $29,000 and $29,500. Most altcoins are also quiet on Sunday, similar to how they performed on Saturday, except for RUNE and TON. BTC Boring at $29K The past few weeks went in a rather uneventful fashion for the typically more volatile crypto asset. This past Monday saw some movements as BTC dipped below $29,000 to mark a weekly low. However, it went on the offensive almost immediately and had surged past $30,000 by the time Wednesday came. More volatility was expected on Thursday when the US CPI numbers were set to come out. Yet, that wasn't the case, and BTC remained at just under $30,000, where it had retraced hours before that. The following several days were quite stagnant once again. Bitcoin stood still within the same tight range between $29,000 and $29,500. Expectedly, the weekend didn't provide anything different, given the typically lower trading volumes. As such, BTC's market cap stands still at around $570 billion, and its dominance over the alts is just shy of 49% on CMC. BTCUSD. Source: TradingView RUNE Steals the Show Most altcoins have also failed to produce any notable moves in the past 24 hours. ETH, BNB, XRP, DOGE, ADA, TRX, MATIC, and LTC are all slightly in the red. Shiba Inu, which was among the top performers on a weekly scale, has finally retraced and is down by 4% overnight. Solana and Polkadot, on the other hand, are with minor gains. TON... read More

Crypto Thunderstruck: THORChain (RUNE) 21% Charge Emerges As Top Weekly ...

    The dynamic world of cryptocurrencies has once again witnessed a fascinating turn of events, this time with THORChain (RUNE) taking center stage. Over the past seven days, THORChain has experienced a substantial surge in its price, marking an impressive increase of 20.19%. This resurgence has sparked intrigue and excitement among crypto enthusiasts and investors, prompting a closer examination of the factors contributing to this rapid upward movement. The Catalysts Behind The Surge RUNE has made a resurgence in recent months from its lows in June to its recent highs gaining 40% during this period. While a myriad of factors often influences the cryptocurrency market, several key drivers may have played a role in THORChain's recent surge: Substantial progress in THORChain's underlying technology, protocol enhancements, and ecosystem expansion has triggered renewed interest and investment. Positive fundamental developments often align with price surges as investors anticipate potential long-term growth prospects. Cryptocurrency markets are renowned for their inherent volatility. While volatility can create risks, it allows traders to capitalize on price swings. The recent surge in THORChain's price may be driven, in part, by heightened market volatility. THORChain (RUNE): Forecasting Future Trajectories Considering THORChain's recent surge, attention naturally turns to the future prospects of this cryptocurrency. This prediction underscores the inherent volatility of short-term... read More

Atomic Wallet Hackers Take Advantage of THORChain to Hide $35M

    After making off with $35 million worth of ill-gotten crypto, the hackers who targeted Atomic Wallet earlier this month have covered their on-chain tracks using the cross-chain liquidity protocol THORChain. According to the crypto tracking platform MistTrack, the hacker’s address transferred 503 Ether (ETH) to THORChain over the past two days.  Those funds were then swapped for Bitcoin (BTC) and bridged into a Bitcoin address. In addition, much of the stolen ETH was converted to BTC using the SWFT blockchain.  For example: According to @MistTrack_io monitoring, the hacker address (0xad3c...1e44) transferred 503.08 $ETH to @THORChain in the last two days and swap for $BTC, then bridged to the BTC address (bc1q...k2xm). — MistTrack (@MistTrack_io) June 20, 2023 On-chain sleuth ZachXBT estimated this month that Atomic Wallet users had lost upwards of $35 million in total after receiving numerous reports from users claiming to have had their funds drained. Stolen assets included BTC, ETH, Tether (USDT), Dogecoin (DOGE), Litecoin (LTC), BNB Coin (BNB), and Polygon (MATIC).  Blockchain analytics firm Elliptic later connected the North Korean hacking group Lazarus to the theft, after stolen funds were laundered through – a coin mixer used by the group.  The following week, hackers transferred some of the stolen assets to the Russian crypto exchange Garantex, which is sanctioned by the U.S. Treasury&rsquo... read More

Unizen (ZCX) Enters a Strategic Partnership With THORChain (RUNE)

    [PRESS RELEASE - Dubai, United Arab Emirates, April 25th, 2023] The team at Unizen, operating the Web3 ecosystem found at, is pleased to announce a strategic partnership with the team at THORChain. Specifically, Unizen has integrated the THORChain settlement layer to enable swaps between ETH (Ethereum) and AVAX (Avalanche C-chain) to BTC (Bitcoin) and vice versa. 'THORChain has devised an exceptionally refined solution that has proven resilient against the trials of time and fluctuations in market conditions, facilitating decentralized liquidity for assets on non-programmable chains.', says Martin Granström, CTO of Unizen. 'This made THORChain the obvious selection for empowering trades on the Unizen Trade platform involving Bitcoin, Litecoin, Dogecoin, and additional cryptocurrencies.' 'Unizen is an excellent venue to offer cross-chain swaps powered by THORChain. The industry has been slowly moving from centralized swap services to DeFi protocols. The goal is to bring the centralized exchange trading experience to users while maintaining the security of self-custody', says Gavin McDermott, CEO of Nine Realms. 'Unizen already offers a best-in-class experience as a DEX aggregator and we are excited to help them expand their cross-chain routes with native Bitcoin and more.' About Unizen Unizen is a cutting-edge operating system for Web3 applications that enables users to seamlessly, cost-efficiently, and securely interact with all things Web3. It is designed to pro... read More

THORChain Mainnet Halted Amid Potential Vulnerability Concerns

    The operators behind the decentralized cross-chain liquidity protocol - THORChain - preemptively paused the network after claims of potential vulnerability made rounds on social media. According to the announcement, the vulnerability in question is speculated to be associated with THORChain dependency that may affect the overall network. 'Out of an abundance of caution,' THORChain decided to pause trading while carrying out an investigation. Its tweet further added: 'The validity of the claim is currently being assessed and verified.' Initial reports suggested that THORChain’s liquidity platform - Nine Realms - along with the security team THORSec, received 'credible reports' of the vulnerability. In wake of the development, THORChain's native token, RUNE, dropped by nearly 5% and was trading at $1.32. Last October, the THORChain network suffered a 20-hour-long outage as a result of a software bug. The team had revealed that the issue was string manipulation. The DeFi protocol suffered several hacks since its inception in 2018. The latest security breach took place in July, wherein the perpetrators drained around $8 million worth of Ether after attacking the ETH Router. While the team assured that the treasury had the necessary funds to compensate all victims, it later notified the community that the attackers limited their damage, 'seemingly a whitehat,' and reportedly requested a 10% bounty. The post THORChain Mainnet Halted Amid Potential Vulnerability Concerns a... read More

THORChain Network Remains Offline 15 Hours After Software Bug 

    The THORChain network went offline Thursday due to a software bug, the blockchain operators confirmed on Twitter. The team noted that they are working to resolve the issue as soon as possible, adding that the outage has nothing to do with solvency.  Devs are aware of a chain halt and have identified the likely cause due to a unique transaction type (nothing to do with solvency). An update will be posted as soon as there is more confirmed information. — THORChain (@THORChain) October 27, 2022 A Non-Determinism Between Nodes About four hours after the initial announcement, the THORChain team shared another update, stating that the issue stemmed from sources of non-determinism between nodes. 'Consensus halts in a distributed state machine are from sources of non-determinism between individual nodes and prevent the ledger from becoming corrupted,' the team wrote. The network operators further outlined the steps required to resolve the problem, which included finding the source of non-determinism, releasing an update, and restarting the state machine, noting that they were close to finding the source. After another three hours, the team announced they had discovered that the issue was string manipulation.   'Turns out to be string manipulation: code was pushing a cosmos.Uint (instead of a uint64) into a string, which causes the string to get the point of the big int instead of the actual value, causing the memo string to be different on different nodes.' When W... read More

Thorchain Shows A Glimpse Of Hope, Are The Green Days Near?

    RUNE price could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish sentiment. RUNE looks strong on the low timeframe.  The price of RUNE attempts to break and hold above 8 and 20 EMA on the daily timeframe. Thorchain (RUNE) has shown little or no recovery sign in recent weeks, but that could change as the price gears up for a rally against tether (USDT). Previous weeks for the crypto space have been slow as most altcoins, and major cryptocurrencies like Bitcoin (BTC) continued to move in a range. The month looks promising, with altcoins, including Thorchain (RUNE), bouncing off from their low with high hopes of a rally with the current shift in trend. (Data from Binance) Crypto Market Outlook  Crypto Market Outlook | Source: Coin360 For most crypto projects as altcoins, including RUNE, the new month has been more of a relief. The price of Bitcoin has led the market, rising from a low of $18,800 to $20,100. With the market looking more promising for crypto assets, we may see more cryptocurrency recovery, as the previous month prevented major altcoins from rallying. Thorchain (RUNE) Price Analysis On The Weekly Chart The price of RUNE in recent weeks did not show the strength as seen in other altcoins like Cosmos as the price continued to decline to its weekly low of $1.5. After rallying from a low of $3 to a high of $12, the price of RUNE faced rejection as it was unable to break above $12, acting as resistanc... read More

Biggest Movers: RUNE Rallies to Start the Week, as SAND Extends Recent G...

    RUNE rose by over 10% to start the week, surging as global crypto markets pushed to enter the green on July 4. After a slow start to the day, the crypto market cap is up 3.15% as of writing, with SAND another notable mover, as it extended recent gains, rising by nearly 13% in the process. Thorchain (RUNE) RUNE was a notable mover on Monday, as prices rose by over 10% on the Independence Day of the United States. The token rose to an intraday peak of $2.08 to start the week, pushing prices closer towards a one-week high. As of writing, RUNE/USD is now trading higher for a third consecutive session, as it nears a key resistance level. This ceiling is the $2.50 mark which hasn't been hit since June 25, when bulls made an attempt to move past this point. Looking at the chart, although prices may once again collide with this ceiling, a breakout might be difficult due to an upcoming obstacle. That would be the resistance of 49.80 on the 14-day RSI, which has not been broken since early in April. The Sandbox (SAND) SAND was also one of today's biggest gainers, as prices rose by as much as 12% earlier in the day. Following a low of $1.02 to end the weekend, SAND/USD surged to an intraday peak of $1.15 during Monday's session. This move saw SAND climb in back-to-back sessions for the first time in over a week, and comes as prices continue to move away from a recent support point. This support point at $0.95 has mostly held firm despite recent attempts from bears to push the token ... read More

THORChain Deploys Mainnet After 4-Year Wait, RUNE Soars 13% In 24 Hours

    THORChain has been trading in the green and recovering faster than larger cryptocurrencies. The market seems to be positively reacting to the announcement. RUNE with minor gains on the 4-hour chart. Source: RUNEUSDT Tradingview As part of the announcement, crypto users on the Binance exchange will be able to participate in a promotional campaign and earn part of a total $1 million price. Via an official post, the team behind THORChain said the following celebrating the project’s major milestone: Mainnet marks the achievement of a fully functional, feature-rich protocol with a large ecosystem and strong community. It has been a long time coming and the community is very excited about this important milestone. Before mainnet, THORChain was operating with the Multichain Chaosnet (MCCN) to enable users to provide cross-chain liquidity. This allowed the project to battle-test its features and migrate from a centralized to a decentralized and community-driven platform, according to the official post. As part of this deployment, the project launched its native token RUNE and has called for all token holders to swap their non-native RUNE for the former asset. Once 67% of the network runs on native RUNE, the protocol will implement a “Killswitch” and “kill” the non-native asset under the BEP2 standard. As NewsBTC reported, 4 months ago THORChain released a highly expected feature, synthetics assets. This allowed users to gain exposure to the price of lar... read More

Biggest Movers: DOT Rebounds Following Recent Losses, as RUNE Moves Towa...

    Following two consecutive sessions of declines, DOT saw its price rebound on Friday, as it moved away from a multi-week low. While DOT rose away from these lows, RUNE dropped, with the token falling towards them. Prices of RUNE are down by over 10% as of writing. Polkadot (DOT) DOT was a notable mover during Friday's session, as prices rebounded following two consecutive days of losses. After two days of declines, DOT/USD dropped to a bottom of $8.61 on Thursday, however, it followed that up with a nearly 10% rally today. Today's move saw DOT hit an intraday high of $9.91, as prices moved away from recent lows which are close to support of $9.05. Looking at the chart, the next price target for bulls will likely be the ceiling at $10.50, which has mostly held firm for the past ten days. Whilst it currently tracks at 38.85, bulls will likely be paying close attention to the 39.50 level on the RSI, as it appears to be a hard ceiling. This could mean that some bulls will likely attempt to push prices above the $10 threshold, then potentially liquidate positions prior to hitting the ceiling. Thorchain (RUNE) While DOT moved away from its own support level on Friday, RUNE moved towards it, as prices dropped by over 10% today. Following a peak above $3.15 during Thursday's session, RUNE/USD slipped to a low of $2.45 earlier in the day. This low comes as prices break below the recent support point of $2.62, hitting their lowest level since May 12 in the process. As a result of t... read More

Biggest Movers: Tron Moves to 1-Week High, as Thorchain's RUNE Nea...

    Tron rallied during today's session, as it headed towards a one-week high, following recent declines. This came as Thorchain's RUNE continued to trade lower, with today's drop pushing prices closer to their lowest point since January 2021. Tron (TRX) Tron (TRX) surged towards a seven-day week high during Thursday's session, as prices rebounded following a recent decline. Less than a day after trading at a bottom of $0.06955, TRX/USD rose to a peak of $0.07444 earlier in the day. Today's peak is the highest level prices have reached since last Saturday, and are slightly below May 13th's high of $0.07650. So far this month, TRX has been one of the more volatile tokens, going from a peak of $0.09267 on May 8, to a low of $0.06304 only two days later. Looking at the chart, the relative strength index (RSI) has mainly consolidated since that point, being held under a ceiling of 52.50. As of writing this, price strength is still below this point, and unless we see a breakout of this level, we might see prices drop in upcoming days, despite today's near 7% rise. Thorchain (RUNE) Besides both beginning with the letter 'T,' there were no similarities between tron and thorchain (RUNE) on Thursday as far as market activity is concerned. RUNE/USD was mainly lower during the session, falling close to its lowest point since January 2021. Prices fell to an intraday low of $2.85 on Thursday, which is roughly $0.50 away from its sixteen-month low of $2.35 which was hit on May 12. However, ... read More

Biggest Movers: MATIC Slips on Saturday, RUNE and LUNA Over 5% Lower

    MATIC fell to its long-term support level on Saturday, following a surge in price during Friday's session. This came as both RUNE and LUNA also dropped, and traded by as much as 5% lower to start the weekend. Polygon (MATIC) During what has been a bearish start to the weekend, MATIC was one of the biggest losers so far in Saturday's session. MATIC, which traded at its long-term resistance level of $1.50 on Friday, fell all the way to its support point earlier today. As of writing, Saturday saw MATIC/USD drop to a bottom of $1.35, which is also its long-term floor, and is now around $0.10 away from a two-month low. Today's selloff comes following strong gains on Friday, however bullish momentum eased, as prices ran into the ceiling. In addition to this price ceiling, the 14-day RSI saw its own resistance reached, as relative strength failed to break above the 45 level. MATIC has mostly consolidated between $1.35 and $1.50 during the month of April, and as market uncertainty continues, it looks like we may end the month trading within this range. THORChain (RUNE) There was no rebound in price for RUNE, which fell for a fourth consecutive session to start the weekend. So far this Saturday, RUNE/USD has slipped to a bottom of $8.21, which is three days removed from a peak of $9.88, where bulls were attempting to break the $10 threshold. However, since then momentum has only faded, with the mid-term 25-day (blue) moving average now firmly lower, as it continues to trend downw... read More

Biggest Movers: Near, EOS and RUNE Fall During Friday's Selloff

    NEAR was one of the big movers in today's trading session, as prices fell by almost 10% on Friday. RUNE and EOS also slipped to end the week, with the latter also dropping by double-digits in the session. Near Protocol (NEAR) NEAR was one of the biggest tokens to fall on Friday, as a red wave swept over cryptocurrency markets to end the week. Following a peak of $17.12 on Thursday, NEAR/USD dropped to a bottom of $15.12 during today's trading session. As a result of this drop in price, NEAR fell below its recent support level of $15.45, for the first time since the start of the week. Following a breakout of the ceiling at $17.50, prices recently rose to a one week high of $17.77 on Wednesday, however this upwards momentum was short lived. The turnaround saw prices drop for three consecutive sessions, leading to the 14-RSI to track at its weakest point in over six weeks. Now in oversold territory, bears will likely try to push prices even lower, whilst bulls could see this as an opportunity to buy low. EOS Similar to NEAR, EOS has also held firm at a recent resistance level, leading to a selloff during today's session. EOS/USD fell to an intraday low of $2.48 earlier on Friday, after trading above $2.84 less than 24-hours ago. Following a false breakout of the $2.75 ceiling, EOS has gone on to fall for two consecutive sessions, with today's decline taking us to a short-term floor. As seen on the chart, $2.45 has recently acted as the first line of defense for fading pric... read More

Can RUNE Sustain Its 20% Rally?, Why This Analyst Doubts It

    THORChain (RUNE) has seen an important rally in the past month. Source: RUNEUSDT Tradingview According to analyst Alerzio from research firm Santiment, RUNE’s current rally has traders wondering if the token will be able to sustain its gains. The cryptocurrency could revisit its lows if the bulls are unable to push past the $10 in the short term or if the crypto market takes another bearish turn. The analyst believes that RUNE’s current rally has been “healthy”. As the price move upwards, the token’s trading volume followed standing at its highest since April 2021. In addition, the Weighted Sentiment, a metric used to measure market sentiment across social media platforms, suggests more gains. This metric stands in the negative as the token claims into its current levels which is a bullish sign. Source: Santiment In the crypto markets, operators believe that prices tend to move opposite to the crowd’s expectations. Therefore, a negative sentiment suggests more gains for RUNE. The analyst said that “the greed is out” of the market, for the time being. In addition, the futures market seems to support the bulls as funding rates on Binance and FTX were barely returning from negative territory into positive on the recent price action. The analyst added: Binnance's funding rate is positive (not too much) while FTX's funding rate is about to get into the positive areas. this can be considered as a 'not very good, but not too bad' sign... read More

Biggest Movers: RUNE Rises by Over 20% Today, as NEAR Climbs to Resistan...

    NEAR rose to its highest level since last Thursday, as prices rebounded from recent lows. SAND and RUNE also climbed from long-term support levels on Tuesday, with RUNE rising by over 20% in today's session. THORChain (RUNE) RUNE was easily one of the biggest gainers during today's trading session, as it separated itself from AXS, cementing itself as the world's 43rd-largest cryptocurrency. Following a low of $7.50 during yesterday's session, Tuesday's session saw RUNE/USD rise to an intraday high of $9.05 earlier today. This move sees RUNE climb to its highest level since last Thursday, April 14, where price went on to be held at resistance. The long-term ceiling is currently at $9.40, which hasn't been broken since earlier this month, and late March prior to that. Regardless of this, price strength has recently shown strong gains, with the 14-day RSI climbing beyond the ceiling of 51. Should this momentum extend, we could see RUNE at $10.00 later this week. However, bulls could likely take profits once this point is reached. NEAR Protocol (NEAR) NEAR continued to move away from its long-term support level on Tuesday, as prices rebound following a recent four-day bear run. This run took NEAR from resistance of $17.55, all the way down to support of $15.40, with a breakout taking prices to multi-week lows. Since bouncing from support yesterday, those gains extended in today's session, with NEAR/USD hitting a peak of $17.50. Now once again near resistance, many are wai... read More

CoinEx Security Team: The Security Risks of THORChain (RUNE)

    According to THORChain’s treasury report for Q1 2022 released on April 1, the chain registered a growth in revenue despite the twofold impact of persistent market sluggishness and highly unstable geopolitical factors. Public data shows that THORChain recorded $2.17 billion in revenue in Q1 2022. THORChain, acclaimed as the “cross-chain version of UniSwap”, gained a foothold in the cross-chain trading market relying on its unique advantages and earned extensive recognition among investors. Behind all these glamours, THORChain is also deeply troubled by hacking. The chain suffered frequent security breaches since it was launched on Ethereum, a fact that casts doubt on its security. On April 11, THORChain tweeted about phishing attacks, warning users not to interact with [DeTHOR] or other unknown tokens within their wallets, which once again raised concerns about its security issues. While building a sound security system for CoinEx products, the CoinEx security team also keeps track of security incidents in the blockchain space to help users better understand the security of different projects from the perspective of technical security and mitigate the investment risk. Aiming to improve the security criteria for the blockchain sector, the CoinEx security team has analyzed the security risks of THORChain (RUNE). The team hopes that THORChain could note and mitigate the following risks by optimizing the relevant smart contract codes. In addition, this article i... read More

Biggest Movers: RUNE, ZIL Rebound Following Recent Losses, Trading Nearl...

    ZIL was up by more than 20% in Thursday's session, as prices rebounded following a string of recent drops. RUNE was also up by over 15% today, as it hit its highest point so far this week. Overall, the global crypto market cap is up 2.08% as of writing. Zilliqa (ZIL) Following almost two weeks of declines, ZIL finally stopped the bleeding, rallying by over 20% during today's session. ZIL/USD rose to an intraday high of $0.1263 earlier in Thursday's session, as price continues to move away from its recent support point. This floor was at the $0.1033 level, which has historically seen significant bullish moves begin from there, and today's rally follows this trend. Recent momentum in ZIL has now taken prices to what seems to be a short-term ceiling of $0.1245, with some expecting an imminent breakout. However, there appears to be an obstacle in place which could potentially prevent this from happening, with the 14-day RSI also trading at resistance. Looking at the chart, the relative strength index is currently tracking at 57.06, which is slightly below the ceiling of 57.70. Should this point be broken, we could be looking at ZIL rallying back towards $0.1400. THORChain (RUNE) RUNE also rose on Thursday, moving past XTZ to cement itself as the world's 44th-largest cryptocurrency. Following a bottom of $7.42 during Wednesday's session, RUNE/USD climbed to an intraday high of $9.35 earlier today. The move came as RUNE moved away from the support level of $8.15, following what... read More

Biggest Movers: RUNE and THETA Fall by Over 10% on Monday

    THETA and RUNE are trading over 10% lower to start the week, as recent declines in the crypto market extended during Monday's session. As of writing, the global cryptocurrency market cap is down nearly 5%. THORChain (RUNE) In addition to BTC and ETH, RUNE also fell to a three-week low to start the week, as bearish pressure mounted in crypto markets. Following a high of $9.47 on Sunday, RUNE/USD fell to an intraday low of $8.06 during today's session, as prices fell to their lowest point since March 25. This drop sees RUNE hit its long-term support point at $8.08, after trading near its resistance of $12 almost a week ago. Looking at the chart, today's move comes as price strength failed to move beyond the ceiling of 50, which then prompted bears to send prices lower. The decline in price strength came as momentum also declined, with the 10-day and 25-day moving averages preparing for a downwards crossover. As of writing, the Relative Strength Index (RSI) is sitting at its lowest point since February 27, however some still expect further falls in price. Theta Network (THETA) Like RUNE, THETA was also down by over 10% during Monday's session, as it fell for a second consecutive session itself. THETA/USD hit a bottom of $3.03 to start the week, which is its lowest point since March 25, and this comes as the long-term floor was broken. This support level at $3.30 caved in as prices fell for the ninth time in eleven sessions, as THETA's value dropped by over 20% in the last w... read More

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