THORCHain is a decentralized crypto exchange (DEX). Unlike other DEXs like SushiSwap and Uniswap, THORCHain offers a cross-chain exchange and not only one for the Ethereum network. This means that besides Ethereum tokens, coins from other blockchains such as Bitcoin, Cosmos or Binance can also be swapped. Rune is the native token of THORCHain. Validators of the blockchain must store Rune in order to be able to confirm transactions. The token also serves as governance token for decisions on the development of the THORCHain protocol.
THORCHain offers a great advantage to many other ways to swap crypto coins. Compared to DEXs like Uniswap and SushSwap, it not only enables transactions on one blockchain network like Ethereum. Compared to cross-chain exchanges like Coinbase and Kraken, it offers a decentralized solution. Wrapped coins, such as wrapped Bitcoin, offer a decentralized solution that enables swaps between blockchains. However, you do not hold real coins, but only wrapped coins and have to trust the organization wrapping them. At THORCHain you can hold the actual coin.
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THORChain is apowered by,uses to validate transactions,and is.THORChain also supports.
Interesting facts about THORChain
Here are some facts you may not already know about THORChain. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
Rune is the token of the THORCHain blockchain, which is required to validate transactions and and serves as a governance token.
It enables cross-chain swaps between different blockchains, such as Ethereum, Bitcoin, and Cosmos.
THORCHain is a decetralized exchange.
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THORChain price and insights
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Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# Discord members 11,685 6% of them are active
# Telegram members 21,330 3% of them are active
% of total supply circulating Very small
What’s the community like?
Community matters for projects like THORChain, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.