- 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 the network’s most eagerly awaited integrations, THORChain, has made a strong comeback.
After a week of consistent growth, the RUNE token on the cross-chain decentralized exchange has gained an extra 26% on Wednesday. Over the last week, RUNE has surged 51%, reaching a 24 hour high of $5.77. THORChain’s native token has seen an increase in demand due to a number of future catalysts.
Customers of THORChain-integrated chains may exchange LUNA tokens and stablecoins for assets on the Terra network, which is currently under development. According to a tweet sent on Tuesday by Nine Realms, the Terra integration has been completed and is ready to be released to the public. SCV, the Terra smart contract auditor, is currently working with the Terra developers to ensure the integration is operating properly before the mainnet launch.
DeFiSpot, a decentralized multi-chain exchange built on top of THORChain, is also getting ready to debut, alongside Terra. In addition to the present strong returns on THORChain-integrated chains, the project offers “boosted APYs.” In terms of APY, users may now earn 60 percent on Binance USD, 19 percent on native Ethereum, and 17 percent on Bitcoin.
THORChain eliminates the need for intermediaries like bridges or controlled exchanges by allowing users to transfer their assets directly across blockchains. Litecoin, Dogecoin, Ethereum, and BNB Chain are the newest additions to the network’s cross-chain trading, which now includes six other blockchains. THORChain’s sixth integration will be Terra.