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Cryptocurrencies/Coins/THORChain (RUNE)
THORChain price, market cap on Coin360 heatmap

THORChain(RUNE)

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$5.6288
(-0.1%)
0.00008668 BTC
Market Cap (Rank#58)
$1,886,779,047
29,056 BTC
Vol 24h
$115,596,466
1,780 BTC
Circulating Supply
335,199,041
Max Supply
500,000,000
4h agocoindesk
Bitcoin Miners Reap Windfall as 'Runes' Debut Sends Transaction Fees to Record Highs
The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees.
1 day agocoin360
Coin360 Daily Dispatch | Crypto Market Updates & Highlights | April 20, 2024
How the latest Bitcoin halving and Runes protocol are redefining the cryptocurrency landscape.
2 days agonulltx
1000X Leverage Exchange DTX Skyrockets Ahead of Binance Coin (BNB) and THORChain (RUNE) With 25X ROI Potential
Altcoins endured a bloodbath recently and relative strength is what investors want to watch. The best cryptocurrencies to buy this cycle are showing excellent relative strength during the downturn, and these will be the best horses to back this year. 1,000X leverage exchange DTX Exchange (DTX) skyrockets ahead of Binance […]
4 days agocoindesk
The Protocol: Bitcoin Halving Spectacular, With Runes, 'Epic Sat,' Stacks Nakamoto
Unlike the last Bitcoin halving, a ho-hum affair where Covid-locked-down gawkers had little choice but to tune into livestreamed watch parties, the upcoming Bitcoin halving comes with project launches, competitions and IRL celebrations in Denver and Costa Rica.
4 days agocoindesk
Runes, Casey Rodarmor's Protocol for 'Sh!tcoins' on Bitcoin, Set to Go Live at Halving
Rodarmor created last year's breakout Ordinals protocol, which is used to create non-fungible tokens (NFTs) on Bitcoin. Now, he says the relevance of protocols like his new Runes, used to create fungible tokens, is set to grow.
9 days agocoindesk
Bitcoin Meme Coin PUPS Fuelled by Hype Ahead of Runes Release
Ordinals and Runes are both projects by long-time Bitcoin developer Casey Rodarmor, which has created trust and lent an idea of authenticity among users.
10 days agocoindesk
Bitcoin Ecosystem Tokens, RUNE, STX, and ORDI May See Gains After Halving
“There exists a large, untapped pool of capital within the Bitcoin ecosystem that remains dormant,” Wintermute’s OTC desk told CoinDesk.
14 days agonulltx
BlockDAG’s Surge Alongside Bitcoin Cash & ThorChain
BlockDAG Hailed The 2024 Crypto Gem With 25,000X ROI! Bitcoin Cash Price To Witness New High? ThorChain Volume Sees Growth The cryptocurrency landscape is on the brink of a transformative year, and investors are eagerly searching for the standout investment of 2024. Amidst this search, Bitcoin Cash (BCH) price trends […]
22 days agonulltx
ALGT Presale Momentum Takes Off As Litecoin and THORChain Investors Want A Piece Of The Cake
Litecoin (LTC) and THORChain (RUNE) have recently witnessed bullish price momentum. Although market forecasts predict a further price rally, analysts have expressed confidence in the new crypto king, Algotech (ALGT). As the best coin to invest in today, Algotech (ALGT) guarantees investors enticing presale rewards. Stay tuned to unravel how […]
67 days agocoindesk
How Bitcoin Benefits From Global Stresses
An asset that gains from disorder is surely worth having in one’s portfolio, says Jennifer Murphy, CEO of Rune Digital Assets.
73 days agonulltx
Lido DAO (LDO) Sees Price Rise Despite Whale Dump Concerns
Despite recent speculation about a whale dump, the price of Lido DAO (LDO) has defied expectations, experiencing a 2.92% increase to reach $2.87 over the past 24 hours, countering the downward trend of the previous week. Reports surfaced a few hours ago indicating that MakerDAO founder Rune Christensen (@RuneKek) withdrew […]
81 day agonulltx
OKB (OKB) vs. THORChain (RUNE): Investors at Crossroads As the Pullix (PLX) Presale Advances To Stage 7
Investors have questions about OKB (OKB) and THORChain (RUNE) as the crypto landscape shifts. Meanwhile, the new rise of Pullix (PLX) adds a little spark to the conversation. This DeFi project recently entered Stage 7 of its presale, having sold over 80 million tokens so far. Hype is so intense […]
83 days agocoindesk
OKX Starts Inscription Support for Atomicals, Stamps, Runes and Doginals
OKX says wallet support is coming first, with a marketplace to follow
84 days agonulltx
MakerDAO, $MKR Faces Price Decline Following On-Chain Activity And Protocol Changes
MakerDAO ($MKR), known for its significant contribution to real-world asset (RWA) transactions within decentralized finance (DeFi), has experienced a slight price decline in recent hours, influenced by on-chain activity and protocol adjustments. According to reports from on-chain analytics firm Spotonchain, Wallet 0xa58, associated with RuneKek, a MakerDAO co-founder, has sold […]
92 days agocoindesk
He Exposed Harvard President's Plagiarism, Then Lost Money Betting on the Story
Are prediction markets the future of investigative journalism? Maybe, says Chris Brunet, whose reporting led to Claudine Gay's resignation – though he's yet to profit from his scoops.
103 days agonulltx
Favorite Cryptocurrencies of Big Investors: THORChain, Rebel Satoshi, and Bitcoin Cash
TLDR: THORChain gained 172% in Q4 2023, and experts predict more growth in 2024. Bitcoin Cash jumped 15% in Q4 2023, and analysts believe a bull run is coming. Rebel Satoshi attracts more investors after surging 100% and promising more gains. The crypto market performed incredibly well during Q4 2023, […]
121 day agonulltx
Market Predictions: Experts Advise Moving Funds to VC Spectra Amidst THORChain Uncertain Future
Embark on VC Spectra’s (SPCT) $2.4 million crypto odyssey, offering decentralized hedge fund benefits. Contrastingly, THORChain (RUNE) faces a 9% dip, urging caution. Seize opportunities with SPCT or navigate market pitfalls – invest wisely. Choose SPCT’s promise or tread carefully with THORChain.  >>BUY SPCT TOKENS NOW<< Summary Despite THORChain’s airdrop […]
126 days agonulltx
Amidst Challenges Faced by THORChain and Chainlink, Spotlight Turns to a Potential 10x Rising Star in the Crypto World
TLDR THORChain is now available on the Edge Wallet New Chainlink staking upgrade brings in over $632 million within a few hours of launching. New meme coin Rebel Satoshi plans to rebel against the financial status quo THORChain (RUNE) and Chainlink (LINK) continue to flaunt dominance in their respective niches. […]
131 day agonulltx
Why The Recent THORChain and Kaspa Downtrend Presents An Opportunity For Everlodge
After a strong performance in November, both THORChain and Kaspa have faced price declines over the last week. This has caused a decrease in trading volume for both projects as investors look to diversify their portfolios. However, this downtrend is a big opportunity for Everlodge, one of the DeFi markets […]
142 days agozycrypto
November Crypto Recap: Coinbase Shines, Solana Surges, THORChain Emerges
With another month at a close in the cryptocurrency landscape, November resembled an eventful drama, showcasing remarkable triumphs, significant setbacks, and unexpected turns.
144 days agocryptopotato
Bitcoin (BTC) Price Soars Past $38K, Solana (SOL) Jumps Above $60 (Market Watch)
Aside from SOL, the other notable gainers from the larger-cap alts include LINK, AVAX, RUNE, and NEAR.
153 days agocryptodaily
Toncoin and THORChain Rally Stalls, Everlodge Prepares for 20x Price Surge
While the crypto market struggled in August and September, Toncoin and THORChain rallied. However, these cryptos have lost momentum,
153 days agocryptodaily
Didn't Catch the THORChain Rise in 2023? Consider Investing in Rebel Satoshi and PancakeSwap
Top altcoins like THORChain (RUNE) have made moonshots in Q4. As a result, novice investors who missed the THORChain rally are seeking alternative investments
160 days agocryptopotato
RUNE Soars 40% Weekly as THORChain Claims 2nd Place in DEX Daily Trading Volumes
THORChain's trading volume surpassed PancakeSwap, securing the second spot at $334.3M.

About THORChain?

The live price of THORChain (RUNE) today is 5.6288 USD, and with the current circulating supply of THORChain at 335,199,041 RUNE, its market capitalization stands at 1,886,779,047 USD. In the last 24 hours RUNE price has moved -0.0039 USD or -0.00% while 116,757,488 USD worth of RUNE has been traded on various exchanges. The current valuation of RUNE puts it at #58 in cryptocurrency rankings based on market capitalization.

Learn more about the THORChain blockchain network and how it works or follow the price of its native cryptocurrency RUNE and the broader market with our unique COIN360 cryptocurrency heatmap.

As the crypto market matures, the need for cross-network liquidity increases —  THORChain aims to fill that gap. Built as a cross-chain liquidity network using the Cosmo SDK, it strives to make all crypto liquid and decentralized with its native token RUNE serving as a trading token between non-native crypto assets like BTC and ETH. Broadly speaking, THORChain does exactly what Binance, Coinbase, and other exchanges do but without a third-party ever getting involved.

THORChain was founded back in 2018 by a mostly anonymous team during a hackathon, the protocol’s mainnet release multi-chain chaos network (MCCN) went live in April 2021 after initial development testing. Unlike Uniswap, SushiSwap, and Curve, THORChain is not limited to just ERC-20 or BEP-20 tokens, instead, you can swap between different blockchains with relatively low costs and high speeds, all through a decentralized exchange (DEX). 

RUNE price

According to our RUNE/USD live price chart, THORChain saw its first bull run in Q1 of 2021, when RUNE went from under $0.9 in December 2020 to a peak of around $6.7 on March. 11, 2021 — a gain of over 700%. Although RUNE hit a rough patch for a couple of days during March, it saw another rally that took it from $4.9 on March. 25, 2021 to $21.2 by May. 19, 2021, setting an all-time high with a rather impressive gain of 350%+ in just 55 days. At the time, RUNE's fully diluted valuation stood at $10.6 billion given the token's max supply of 500,000,000.

However, as the market sentiment grew bearish in May 2021, RUNE saw a steep decline in the coming months.

THORChain saw some noteworthy price action between July and November 2021, as the price of RUNE cryptocurrency rallied from $4.8 on July. 22, 2021, to around $17.2 by Nov. 2, 2021.

Despite the market falling in Q4 of 2021 and continuing this downward spiral into 2022, RUNE managed to stay within the top 50 coins by market cap in Q2 2022, while trading around $8.

How RUNE works

At its core, THORChain RUNE is an independent Layer-1 blockchain built using the Cosmos SDK and the Tendermint byzantine-fault-tolerant (BFT) consensus mechanism, allowing the network to reach a consensus even if ⅓ of the nodes start failing.

It also employs the proof-of-stake (PoS) mechanism for Sybil resistance. This means the blockchain is secured by node operators also known as validators who authorize swaps and in return earn rewards for creating pools or vaults for assets. 

An asset is sent to a pool or vault when a swap is made on the THORChain blockchain. To ensure the swap is made and the designated address receives the coins, Threshold Signature Schemes (TSS) is used, where ⅔ of nodes confirm that the transaction was successful. 

There are 100 to 300 node operator spots. These spots are recycled regularly in a process called “churning”, where sets of nodes are switched every 50,000 blocks, which is roughly around 3 days to avoid any bad nodes taking over the network and capturing it. 

To be eligible for a spot on the THORChain blockchain, nodes must bond (i.e stake) $1 million RUNE coins. Nodes that act accordingly are rewarded a portion of the protocol’s income, while bad nodes lose their bonded RUNE coins. 

THORChain (RUNE) protocol also uses the AMM (Automated market makers) model. AMMs are DEXs that pool liquidity from users and generate prices based on the respective amount of each asset held inside the pool. Liquidity providers are granted a small portion of the fee paid by traders while receiving RUNE rewards for depositing RUNE and one other asset to the liquidity pool.

RUNE news, updates, and highlights

In April 2021, ShapeShift, an international non-custodial cryptocurrency exchange announced that it had enabled cross-chain swaps via THORChain and Ethereum-based DEX trading on their web platform. 

Founder and CEO of ShapeShift, Erik Voorhees, said, “We are very excited to offer users more options for trading in the manner they prefer—be it on mobile, web, software wallet or hardware wallet, ETH or native BTC, while at the same time providing the best incentives available in DEX trading”. 

The company also added RUNE to its KeepKey and ShapeShift native wallets. 

THORChain RUNE suffered a massive security breach in July 2021, when a hacker tricked the network’s Bifrost protocol into receiving fake assets on the ETH Router with a custom contract. This cost the company $8 million and resulted in the immediate halting of ETH activity on the THORChain blockchain.  Just a week prior to this incident, THORChain suffered another attack which resulted in the loss of 4k ETH from the crypto trading protocol.

RUNE cryptocurrency saw a surge in price in March 2022, when it decided to integrate Terra (LUNA) into the THORChain protocol and Cosmos ecosystem, giving users more trading and staking options.THORChain also hinted at an upcoming mainnet launch and was also considering offering liquidity providers more generous returns.

Frequently asked questions about RUNE

  • Can I mine or stake RUNE?

THORChain is a proof-of-stake (PoS) blockchain, which means it cannot be mined but can be staked. Users can stake their RUNE tokens to generate yield or vote on the governance of a protocol. Liquidity providers can stake their assets in pools to collect fees when trades are made on the network by other users.

  • What are some of the best RUNE wallets?

THORWallet DEX is the only native non-custodial wallet for RUNE. Available as a mobile app, it lets you earn passive income by swapping native cryptos across chains. Trust Wallet and XDEFI Wallet are also some other popular options. If you are in search of hardware wallets then Ledger Nano S, Ledger Nano X and Trezor are suitable options.

  • What can you do with RUNE?

RUNE tokens can be used for governance, so as to activate pools with the most liquidity. The RUNE token is also used to reward nodes and incentivize them to secure the network. Liquidity Providers also receive incentives or swap commissions in RUNES.

  • How to buy RUNE?

You can buy THORChain RUNE on centralized exchanges like HitBTC, with trading pair RUNE/BTC, and MEXC, with trading pair RUNE/USDT. However, you can also buy RUNE using fiat currency on exchanges like Binance.

THORChain Price5.6288 USD
Market Rank#58
Market Cap1,886,779,047 USD
24h Volume115,596,466 USD
Circulating Supply335,199,041 RUNE
Max Supply500,000,000 RUNE
Yesterday's Market Cap1,884,557,568 USD
Yesterday's Open / Close5.6261 USD / 5.6222 USD
Yesterday's High / Low5.8996 USD / 5.559 USD
Yesterday's Change
0.00% ( 0.0039 USD )
Yesterday's Volume116,757,488 USD
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