cryptocurrency widget, price, heatmap
Search icon
Search icon
Telegram iconTwitter icon
Share icon
Share page
Cryptocurrencies/Coins/THORChain (RUNE)
THORChain price, market cap on Coin360 heatmap

THORChain(RUNE)

Arrow icon
Add to watchlist
$1.3736
(-1%)
0.00008098 BTC
Market Cap (Rank#77)
$454,244,294
26,780 BTC
Vol 24h
$14,114,811
832.133 BTC
Circulating Supply
330,688,061.33
Max Supply
500,000,000
6 days agocryptodaily
50 days left until Digital Assets Summit in Switzerland
Zurich, Switzerland, 30th November, 2022, ChainwireOne of Europe’s most exciting blockchain conferences — the World Crypto Conference 2023 — will be held from Jan. 13 to 15 in Switzerland, the global center of traditional finance and one of the world’s most crypto-friendly countries. Fittingly, the WCC2023 takes place just before the annual World Economic Forum in Davos. Delegates to both events will be debating the economic and social impact of technology, and especially the transition to Web3. The specific goal of the WCC2023 is to bridge the gap between the traditional world of finance and business (TradFi) and the crypto world. It also aims to facilitate mass adoption of crypto assets and the creation of sustainable, fast and secure financial systems. It will encourage collaboration and networking between TradFi and DeFi companies, and connect traditional IT companies with Web3. The event timing could not be better, coinciding with the move of several TradFi institutions toward blockchain solutions. Who would have expected the conservative Deutsche Bank or the Nasdaq to be building capabilities for digital assets? “The move is driven by clients demanding institutional-grade solutions in the crypto space,” said Robin Vince, CEO of BNY Mellon, America’s oldest bank, with $43 trillion in assets under management. A survey in early 2022 showed that 91% of large institutional asset managers, asset owners and hedge funds were interested in investing in tokenized assets. Rubbing shoulders with the experts Crypto’s top players and pioneers, blockchain evangelists and business leaders will meet in Zurich to discuss the future of digital assets, DeFi, CeFi, TradFi, GameFi, NFTs, the Metaverse, Web3, DAOs, cross-border payments, tokenization and fractional ownership, regulation and more. Key opinion leaders, including Carl Runefelt (The Moon Group), Ben Armstrong (Bitboy Crypto) and other influencers will host live fan meetups, sharing how to build financial freedom and authentic social media channels and communities. Some of the biggest traditional banks and their digital asset departments have accepted the invitation to get to know the people in the crypto space, get in touch with blockchain builders, developers and general enthusiasts while increasing their trust in the possibilities of Web3. Industry leaders such as Huobi, Sandbox, BitMEX, Sygnum, Animoca Brands, Coinbase, IBM and others will be there. Many more will join in the coming weeks. Delegate experience is top of mind There are exciting features to ensure active participation from delegates. Even buying a ticket will be an experience — and comes with an NFT. This way, people will gain first-hand experience with this blockchain technology, and how it can be adapted to other economic sectors. There are also limited tickets for students at special rates. The WCC2023 is the first conference to be held on the Metaverse, and will be live-streamed for those who cannot attend in person and for those who want to experience it all over again. Delegates will get crypto trading tips by watching top influencers trading live on CEX exchanges, and they can participate in a trading competition. Delegates can also attend crash courses and learn about the newest trends in Web3, NFTs and the Metaverse on Day One. On Day Three, 10 top crypto projects will present their pitches to compete for an investment prize established by VCs. There will also be networking opportunities aplenty, with dinners, parties, breakfasts, workshops and special events for those with VIP or Whale passes. What’s on the agenda? Conference success depends on the quality of the speakers, the range and relevance of the topics, and the opportunity for delegates to meet and debate the issues. WCC2023 will certainly meet these criteria. Just three names in the current list of 50 speakers: Mehdi Farooq — senior tokenomics analyst at Animoca Brands Michela Silvestri — institutional business development at Huobi Global Peter Hofmann — regional manager at Coinbase There will also be experts from Sygnum, the world’s first digital asset bank, GSR, a global leader in crypto trading and market making, Ledger, the digital wallet company, and Animoca Brands, a Hong Kong-based game software company. Alexandre Auriol from Sandbox and Julien Bouteloup of Curve Finance will provide perspectives of companies at the cutting edge of blockchain and DeFi. TradFi will be well represented at the event, with Luc Froehlich from Fidelity International, a London-based investment management company founded in 1969 and with $813 billion in AUM; Alexander Bechtel from DWS, a German asset management company established in 1956 and with 928 billion euros in AUM; and Niccolò Bardoscia, vice president at Intesa SanPaolo, Italy’s largest bank by total assets and the world’s 27th-largest. The World Crypto Conference 2023 promises to be well-timed, well-placed and well-attended. For more information and to secure tickets, visit the event site, Telegram, or Twitter.ContactFounderGabriele PauliukaiteWorld Crypto [email protected]+4593846272

About THORChain

The live price of THORChain (RUNE) today is 1.3736 USD, and with the current circulating supply of THORChain at 330,688,061.33 RUNE, its market capitalization stands at 454,244,294 USD. In the last 24 hours RUNE price has moved -0.0008 USD or -0.00% while 15,824,884 USD worth of RUNE has been traded on various exchanges. The current valuation of RUNE puts it at #77 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 Price1.3736 USD
Market Rank#77
Market Cap454,244,294 USD
24h Volume14,114,811 USD
Circulating Supply330,688,061.33 RUNE
Max Supply500,000,000 RUNE
Yesterday's Market Cap452,858,620 USD
Yesterday's Open / Close1.3702 USD / 1.3694 USD
Yesterday's High / Low1.4076 USD / 1.345 USD
Yesterday's Change
0.00% ( 0.0008 USD )
Yesterday's Volume15,824,884 USD
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Community
Source Code
Arrow icon