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


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0.00011583 BTC
Market Cap (Rank#65)
38,303 BTC
Vol 24h
3,546 BTC
Circulating Supply
Max Supply
21 day agocoindesk
THORChain Phases Out Support For Rune Tokens on Ethereum, BNB Chain
The development comes weeks after THORChain’s native blockchain went live on seven supported networks in June.
22 days agocointelegraph
RUNE Pumps 18% as THORChain deactivates non-native tokens
The BEP-2 and ERC-20-based variants are being swapped out for the upgraded native RUNE token after THORChain's long-awaited mainnet late last month.
23 days agocryptodaily
Bitcoin and crypto rally back over $1 trillion market cap
Bitcoin has shot above $22,000, and most of the altcoins have followed suit and surged up today. The move has followed a month-long period of sideways action, and has tipped the combined cryptocurrency market cap back over $1 trillion in value. Bitcoin has put on the after-burners this morning and reached almost $22,500 before settling back a tadge. Today’s 8% spike comes as the number one cryptocurrency breaks out of a downward trend that started back in early April. A higher high on the daily at $22,500 is still waiting to be made, and for bitcoin to really sustain the rally it needs to break out the top of the bear flag it is currently trading in, and maintain the price above. It might be said that ethereum has helped to lead the current rally. The king of the layer 1s is fast heading up and is set to break through $1,500. Ethereum has really led the way over the last 6 days with a 48% price surge. Some of the more popular altcoins are also enjoying a rally. Many of these are up 10% and more. Bitcoin dominance is up 0.5% so far today, but the chart tells us that this might be another retest of a rising trendline that has been in play since mid-January. Unless bitcoin dominance breaks back over this trendline then we could see altcoins start to gain ground and dominance start to recede. Polygon (MATIC) has been one of the major beneficiaries of this rally. Arguably the most prominent of the layer 2 blockchains, Polygon is currently up 18% on the day so far. However, with both the daily RSI and Stochastic RSI starting to register oversold territory on the daily time frame, the high of this present rally for Polygon may be near. Thorchain (RUNE) is another altcoin up 18% on the day. Although this altcoin has just reached the top of an upwards sloping wedge which is a bearish chart pattern. Avalanche (AVAX) is continuing its 6-day upward price movement. Up 14% on the day so far, like ethereum, it is also up 48% over the 6-day period. It’s now come up against some heavy resistance so it may need to consolidate for the next few days. Whether the crypto rally has been caused by SEC chairman Gary Gensler’s remarks that crypto could be exempt from some regulatory rules, or whether it’s just that crypto is following the current upsurge in traditional markets, this rally has given some very welcome relief indeed. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
47 days agocryptopotato
THORChain’s Mainnet Launch Spurred RUNE’s 20% Daily Rally
RUNE led the altcoin rally with a quick 20% jump after THORChain was launched on the mainnet.
47 days agocoindesk
THORChain Mainnet Goes Live on Seven Networks; RUNE Spikes
The much-awaited network went live after nearly four years of development.
47 days agocointelegraph
THORChain token price up 16% following mainnet launch
After four years of waiting, THORChain’s new mainnet “marks the achievement of a fully functional, feature-rich protocol with a large ecosystem and strong community.”
50 days agocointelegraph
Why the crypto market crash may play in Bitcoin's favour
Podcaster and Bitcoin educator, Natalie Brunell, believes the current market turmoil could lead to regulation favouring Bitcoin over alts.
68 days agocointelegraph
Maker founder proposes MetaDAOs and synthetic ETH in 'Endgame Plan'
Rune Christensen has envisioned the final form of Maker governance, and it includes MetaDAOs, new governance tokens, and a new version of Synthetic Ether.
76 days agocryptodaily
Unlock The Future of DeFi With Pac-Man Frog (PAC), Avalanche (AVAX) and Rune (RUNE)
Decentralised Finance (DeFi) is the evolutionary financial system based on distributed ledgers that are used by cryptocurrencies. The system displaces authority over money, removing control from banks and institutions over financial products and financial services. DeFi differs from cryptocurrencies as it extends blockchain's application beyond simple value transfers to more complex financial uses. The cryptocurrencies are customising every day to make the best of DeFi opportunities which will in turn enable profits for the investors. What Role does Decentralised Finance play in Crypto World? DeFi eliminates the endemic hassles of financial waste and bureaucratic intrusion in matters of personal finance. DeFi has a market capitalisation of $50 billion with thousands of coins in circulation. Decentralised Finance does not provide anonymity, while it does take authority away from external parties. The transactions may not have your name on them but the entities who have access to them can track them down. This means that DeFi moves away from bureaucracy but not legality. The transactions and trading are rather transparent and traceable which assures security. Whereas, the exclusion of third parties makes sure that the investors are not dissociated from their finances. Success Stories of DeFi Coins AVAX is a DeFi coin that is native to the Avalanche ecosystem. The whitepaper for AVAX essentialises how DeFi is important to trade beyond authoritative barriers to find globally acceptable values for system parameters. Avalanche (AVAX) intends to use its consensus mechanism to allow the investors to suggest system-wide polls which are basically unconventional transactions on a DeFi platform. RUNE is a native token on the THORChain Network which is thriving in the DeFi sector. Users can exchange crypto assets across networks using THORChain, a decentralised liquidity protocol. It also provides users with complete control over their digital assets. The autonomy promised by decentralised exchanges such as THORChain is what assures and secures investors in the financial decisions they make. These are some of the tokens that are considered to be successful participants of the DeFi game. Some upcoming tokens are mixing DeFi with other unprecedented features which shall make crypto investments a secure practice. Pac-Man Frog Plans to Revolutionise DeFi Pac-Man Frog (PAC) is a new entry into the crypto market. The coin has some promising features which have the potential to make it the next big token. It intends to be a DAO (Decentralised Autonomous Organisation) token that functions on the central philosophy of DeFi which is putting maximum control in the investors’ hands. Apart from being a gateway to DeFi investment, Pac-Man Frog (PAC) offers several other features such as being an NFT Launchpad and Game Incubator, etc. It plans on assisting start-ups that develop gaming on the blockchain networks. It is being estimated as the next big thing in the GameFi and NFT industry. DeFi is the future of profitable investments and several cryptocurrencies shall make that future accessible for the investors. It is highly advised to be backed by research and analysis of personal financial goals before investing in any digital asset. Learn more about Pac-Man Frog (PAC) here: Presale: Website: Telegram: Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
78 days agocryptodaily
UNUS SED LEO, Thorchain, and Logarithmic Finance are the cryptos to put on your watchlist
Despite its very frequent volatility and sudden price changes, the crypto market never stops attracting investors. Some have been making millions with crypto trading and these cryptos could be your best chance to join them. What Is Happening In The Cryptosphere Cryptocurrency investors often buy tokens when they have already witnessed a price spike. This is a critical error since an investment makes sense if made at the right time and at low prices. In this article, we will discuss 3 cryptocurrencies that can be a good investment in the long term. These three cryptos are: UNUS SED LEO (LEO), Thorchain (RUNE), and Logarithmic Finance (LOG). Read on to find out why these three cryptocurrencies can be potential multi-baggers in the long term to make an investment at the right time and reap huge returns in the future. Three Cryptos Poised For A Rally UNUS SED LEO (LEO) The LEO Token Is the native utility token of the bitfinex cryptocurrency exchange. It is used for availing attractive discounts inside the ecosystem and has a burn mechanism. The overall supply will reduce over time. Exchange tokens usually tend to perform very well and this is primarily because they have a use case inside the cryptocurrency exchange and can be used for discount and other purposes. Inside the bitfinex ecosystem, it is also used for reducing trading fees. Add the LEO Token for gaining huge returns in the future. At the time of writing, the trading price for UNUS SED LEO is $4,99 USD. The token has a live market cap of $4.7 billion and ranks top 20 on by market capitalisation. Logarithmic Finance (LOG) The Logarithmic Finance token which is currently being offered through a presale has seen a lot of social engagement on various channels such as Twitter and Telegram. The LOG Token is currently available at very low prices and can be accumulated in huge quantities for gaining huge returns in the future. It is a utility token for a layer 3 protocol solution that will help project owners seek sufficient liquidity to fund their upcoming projects. The earlier you invest, the better as timing is very important when trading crypto. Add the LOG Token periodically through the dollar-cost averaging method and reap huge profits. But how does it work? Registering a particular liquidity poll on the logarithmic finance network can be done in a few clicks and once you register a liquidity pool, it can then be used by investors for farming purposes. The percentage of fees payable for creating a liquidity pool will be shared by all LOG holders which allows the ecosystem to generate passive income for its uses. The Logarithmic Finance Ecosystem further supports multiple blockchain networks such as Polygon, Avalanche, Solana, Tezos, and Binance Smart Chain. Additionally, the lack of cross-chain support and the transfer of tokens is not an issue with Logarithmic Finance as two types of tools will be offered - Direct Access pools and Time Freeze pools. Thorchain (RUNE) Thorchain is a decentralised liquidity swapping protocol that is built on the Cosmos Network and allows cross-chain transfers between different networks. It competes with Logarithmic Finance and also provides support for synthetic asset rating. Adding the RUNE Token along with LOG could be a good risk diversification strategy in the long term.Thorchain is basically a permission-less vault manager for your assets. All the three cryptocurrencies mentioned above have strong utility and can be added in the long term. An early investment in these tokens could help you in realising huge profits. At the time of writing, the THORChain trading today is $3,05 with a live market cap of $1billion and the current CoinMarketCap ranking for the token ranks top 60 by market capitalisation. Join Logarithmic Finance’s Presale: Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
81 day agocoindesk
Dai Creator Rune Christensen on Terra's Collapse
The MakerDAO founder wasn’t in the mood to say “I told you so,” following Terra’s stablecoin collapse, on CoinDesk TV’s “First Mover.”
94 days agocryptodaily
The Rationale Behind The Absence Of Fully Mobile Nodes Across Most Blockchains
Blockchain is framed as a distributed and immutable ledger based on the peer-to-peer (P2P) topology. This underlying “distributed ledger technology (DLT)” facilitates the storage of data across a global network where all network users can access the data in real-time while ensuring end-to-end security. But have you ever wondered what powers blockchain’s DLT? The concept of blockchain’s DLT relies on the fact that for every series of transactions, a block is created. Each block contains data that is cryptographically connected to the subsequent block. To accurately accomplish this connection, every transaction is chronologically recorded and distributed to a series of interconnected devices, called nodes. These nodes communicate with each other within the network and verify, transfer, and store information about new transactions and blocks. Nodes are, without a doubt, the most critical component of any blockchain infrastructure, helping the network maintain its integrity and security without compromising decentralization. Each node has a unique identifier within a distributed network and can be operated from anywhere. Imagine a scenario where a hacker changes or modifies the data in a block. Since this block is cryptographically connected to subsequent blocks in the “chain,” they must make the same changes across all the remaining blocks. If this chain of blocks were being hosted from a single location, it would be effortless for the hacker to take over and tamper with the data. This is where nodes come into the picture. Since they are globally distributed, it is nearly impossible with today’s technology for the hacker to simultaneously change the value of all the blocks that are hosted concurrently across all these different nodes. Thus, nodes are the core contributors to a healthy, functioning, and secure blockchain. There are different types of nodes in a network, each serving relevant network functions. If there were no nodes, there would be no blockchain. Besides, the higher the number of nodes in a blockchain, the more secure the network is. Anyone can run a node in a public, permissionless blockchain because no centralized authority controls the distributed ledger. Most public blockchains are highly decentralized, meaning that many nodes are working in the background to keep the network up and running. Despite the notable benefits of distributed blockchain networks, running a node is no easy feat, as it requires substantial investment in terms of equipment and network-native token. For instance, running a node on the Bitcoin or Ethereum network requires high-end devices, mainly because the ledgers of these networks have grown to sizes where phones can’t accommodate them anymore. The Challenge Facing Existing “Mobile” Blockchains While there are a handful of mobile blockchains - networks that can be accessed via smartphones - they usually offer limited access. In most “mobile” blockchains, you’ll often find a pruned node, which is a type of node that only stores a limited amount of data from the primary ledger. Some other mobile blockchains offer a light client, an interface that allows you to connect to a full node via your phone. Besides, most of today’s mobile blockchains rely on the PoS (Proof-of-Stake) consensus mechanism. As a result, node runners don’t generally have any control over the network as they are dependent on external validators. Everyone Can Run A Full Node Now Third-generation blockchain protocol Minima aims to reverse this trend through its ultra-lean blockchain that works seamlessly across mobile and IoT (Internet of Things) devices. As a result, anyone can run full nodes from anywhere, that too, without having to invest in high-end gadgets. The Minima ecosystem achieves this feat through its two distinct protocols: the base verification layer-1 protocol called Minima and the layer-2 transactional protocol called Maxima. Both layers work differently in a way where the layer-1 network doesn’t scale, whereas the layer-2 network is fully scalable. Since each layer handles different functions, it lowers the overall transaction fee while at the same time increasing the network’s processing speed. Minima stands out from the rest because it is the first blockchain that allows all users to build and secure the network from mobile and IoT devices. Accordingly, it removes all traditional barriers, giving each user an equal opportunity to operate a full validating and constructing node. This also ensures that the network remains truly decentralized - run solely by its users without any special classes or node segregations like light nodes, miner nodes, staking nodes, authority nodes, etc. Because there are no centralized miners on Minima, there is no central authority controlling the network. Each node with the Minima network is responsible for validating and constructing the chain, making users running these nodes both validators and block producers. On top of it, the Minima ecosystem also addresses the problem of carbon emission that is quite common with other PoW (Proof-of-Work) and PoS (Proof-of-Stake) chains, as users can simply run nodes from devices they already use.
112 days agocryptosrus
Three Coins Pumping Post Easter Weekend
There’s a bevy of coins pumping post-Easter this year. Here are three, in particular, to watch out for. Covered: ApeCoin Terra Luna THORChain ApeCoin Everyone’s favorite Bored Ape Yacht Cub-adjacent token is pumping again. After opening to much fanfare (17 USD high within days of release), the Ethereum-based token had floundered for a bit, falling […] The post Three Coins Pumping Post Easter Weekend appeared first on CryptosRus.
115 days agocryptosrus
What is THORChain?
THORChain is proving to be a strong cross-chain DEX. Read more about it in our “What Is THORChain?” guide. COVERED: What is THORChain? Who Created It? How It Works? What is RUNE? Concerns What is THORChain? THORChain is an independent blockchain that aims to become a cross-chain decentralized exchange (DEX). It enables its users to […] The post What is THORChain? appeared first on CryptosRus.
120 days agocryptosrus
Three Cheap Altcoins To Buy The Dip On
These three cheap altcoins are on sale right now amid the Bitcoin and crypto market downturn. Covered: Avalanche (AVAX) Near (NEAR) THORChain (RUNE) RECOMMENDED: AVALANCHE IS POURING $290 MILLION INTO GAMEFI —  THIS PROJECT IS GETTING FUNDED FIRST Avalanche (AVAX) Starting off this week’s list of cheap altcoins, we have one of the most popular […] The post Three Cheap Altcoins To Buy The Dip On appeared first on CryptosRus.
128 days agocointelegraph
Top 5 cryptocurrencies to watch this week: BTC, VET, THETA, RUNE, AAVE
BTC is holding a key support level, which is allowing altcoins like VET, THETA, RUNE and AAVE to push higher.
131 day agocryptopotato
Carl “The Moon” Runefelt: Bitcoin Will Never Go Below $10K Again (2022 Interview)
Carl Runefelt, better known within the crypto community and perhaps beyond it for his social media name – The Moon – is one of the most popular influencers in the field. He has over 500K subscribers on YouTube and has recently crossed the one million followers milestone on Twitter. From wild Bitcoin predictions to million-dollars […]
141 day agocointelegraph
RUNE rally: A closer look at THORChain’s new synthetic assets
A THORChain synth is unique: Backed by 50% of the underlying asset and 50% of RUNE instead of 100% of the actual asset.
144 days agocryptosrus
Terra To Launch on THORchain Within Days
The launch has been a long time coming and is a major step for Thorchain. Covered: Why THORchain is Causing Thunder What the Launch of Terra Means for DeFi Why THORchain is causing Thunder Thorchain has seen a major surge in TVL and price action in the last week, with the Rune token up over […] The post Terra To Launch on THORchain Within Days appeared first on CryptosRus.
145 days agocointelegraph
XHV, RUNE, REQ: Here’s how you can be tipped off to the week’s winners before they post strong gains
Combining data-driven insight with solid contextual knowledge can spell massive gains for smart traders.
147 days agocoindesk
THORChain’s RUNE Continues to Rally After Positive Ecosystem Developments
The RUNE protocol went live with synthetic assets trading on its platform as of last Thursday.
147 days agocointelegraph
THORChain quietly outperforms crypto market in Q1 — Can RUNE price break $10 next?
THORChain reveals plans to launch Terra's UST-like native stablecoin and "Thorfi."
149 days agocointelegraph
Top 5 cryptocurrencies to watch this week: BTC, DOT, SAND, RUNE, ZEC
BTC’s technical setup suggests a potential breakout to the upside and charts suggest DOT, SAND, RUNE and ZEC would be the first to benefit from any bullish price action.
150 days agocryptopotato
Bitcoin Stagnates at $39K, THORChain’s RUNE Surges 10% (Weekend Watch)
Cryptocurrency markets failed to produce any notable price action in the past 24 hours. Bitcoin remains flat at $39K while top altcoins stay calm.

About THORChain

The live price of THORChain (RUNE) today is 2.6776 USD, and with the current circulating supply of THORChain at 330,688,061.33 RUNE, its market capitalization stands at 885,439,117 USD. In the last 24 hours RUNE price has moved -0.1826 USD or -0.06% while 92,068,130 USD worth of RUNE has been traded on various exchanges. The current valuation of RUNE puts it at #65 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 Price2.6776 USD
Market Rank#65
Market Cap885,439,117 USD
24h Volume81,970,163 USD
Circulating Supply330,688,061.33 RUNE
Max Supply500,000,000 RUNE
Yesterday's Market Cap894,122,240 USD
Yesterday's Open / Close2.8864 USD / 2.7038 USD
Yesterday's High / Low2.8924 USD / 2.6779 USD
Yesterday's Change
-0.06% ( 0.1826 USD )
Yesterday's Volume92,068,130 USD
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