In light of recent concerns about a possible network vulnerability, THORChain has temporarily suspended network operations. Following concerns of a possible vulnerability with a THORChain dependency that may harm the network, THORChain went to Twitter on March 28 to say it has paused all trade. THORChain stated the move was
The network operators went on to detail the processes necessary to fix the issue. Next week the team will be releasing the autopsy results. THORChain’s blockchain operators announced on Twitter that the network had crashed Thursday due to a software fault. Members of the team have said that the downtime
Mainnet launch and Binance’s “Rune in a Million” campaign were both announced. RUNE’s price is still down 31% from the $3.21 it was trading at the beginning of June. After THORChain announced the opening of its mainnet on Wednesday, RUNE’s value has risen by 16 percent. Mainnet launch and Binance’s
Nearly $3.8 billion in native on-chain swaps are available. The protocol’s smart contracts currently have a total value locked (TVL) of about $302.9 million. After nearly four years of development, on Thursday, THORChain developers announced that the native blockchain went live on seven supported networks. Developers said that Currently, the
RUNE’s short-term price dynamics are less predictable. A bullish run to $10 is possible for RUNE in the days and weeks to follow. THORChain is still one of the most widely used and well-recognized means of distributing funds. Long-term, the need for its services may rise because of several factors:
The THORChain ecosystem’s liquidity pool backs each synthetic asset. Trading volume on Thorswap has already exceeded $10 million for these assets. THORChain (RUNE) is showing one of the most outstanding price performances, according to CoinMarketCap. Moreover, price movement in RUNE is accompanied by a significant increase in trading volume of
The growth of the crypto market has seen a lot of new feature implementations and developments from each ecosystem. According to CoinMarketCap, the market capitalization of the crypto space is $1.7 trillion, and over 18,142 cryptocurrencies have been added. Every day, the platform witnesses the rise of new altcoins, and
THORChain is a cross-chain crypto platform built on Cosmos. Synthetic assets are generated using a 50/50 mix of RUNE and the target asset. As a result of the cross-chain DeFi project rolling out synthetic assets and an announcement of a launch date for a suite of new capabilities named “Thorfi,”
The much anticipated THORChain mainnet launch is nearing completion. Terra (LUNA) was fully integrated into the THORChain system earlier this month. After activating synthetic assets on the THORChain (RUNE) network, the native asset’s price surged by 34% in a single trading day. At this writing, the price has returned to
THORChain eliminates the need for intermediaries like bridges. The Terra integration has been completed and is ready to be released to the public. THORChain, a cross-chain decentralized exchange, was up 26% yesterday, putting the network’s native RUNE token up 51% in the last seven days according to CoinMarketCap. One of
