Ask about Thorchain DEXTotal Value Locked$53.55m
TVL by Chain
Thorchain$27.26m
Bitcoin$10.6m
Ethereum$10.26m
BSC$1.48m
Bitcoincash$956,014.48
Avalanche$895,927
Doge$829,226.55
Litecoin$429,199.99
XRPL$392,396.78
Tron$187,227.38
CosmosHub$121,585.21
Base$102,020.97
Solana$39,603.57
Key Metrics
Fees (Annualized)$22.44m
Fees 30d$756,980
Ethereum$310,800
Bitcoin$203,098
Tron$86,222
Bitcoincash$48,804
Litecoin$43,895
Thorchain$35,803
XRPL$14,036
Doge$6,224
Avalanche$5,428
Base$1,357
CosmosHub$1,181
Solana$132
BSC$0
Fees 7d$155,189
Ethereum$66,251
Bitcoin$60,478
Tron$8,137
Litecoin$7,623
Thorchain$5,581
Bitcoincash$4,338
XRPL$1,592
Avalanche$611
Doge$445
CosmosHub$133
Base$0
BSC$0
Solana$0
Fees 24h$21,368
Ethereum$10,274
Bitcoin$9,626
Tron$977
Litecoin$185
Thorchain$66
Avalanche$65
XRPL$53
Bitcoincash$52
Doge$48
CosmosHub$22
Base$0
BSC$0
Solana$0
Cumulative Fees$146.46m
Ethereum$53.36m
Thorchain$49.18m
Bitcoin$28.61m
BSC$3.45m
Litecoin$2.54m
Avalanche$2.49m
Bitcoincash$2.32m
Doge$1.96m
Terra Classic$1.05m
CosmosHub$750,579
Tron$285,766
XRPL$260,984
Base$198,636
Solana$6,998
Revenue (Annualized)$1.92m
Revenue 30d$110,014
Ethereum$47,154
Bitcoin$30,795
Tron$12,980
Bitcoincash$7,421
Litecoin$6,609
XRPL$2,123
Doge$943
Avalanche$835
Thorchain$747
Base$206
CosmosHub$179
Solana$20
BSC$0
Revenue 7d$22,726
Ethereum$10,015
Bitcoin$9,133
Tron$1,225
Litecoin$1,149
Bitcoincash$661
XRPL$240
Thorchain$120
Avalanche$94
Doge$67
CosmosHub$20
Base$0
BSC$0
Solana$0
Revenue 24h$3,229
Ethereum$1,553
Bitcoin$1,456
Tron$147
Litecoin$28
Avalanche$10
Bitcoincash$8
Thorchain$8
XRPL$8
Doge$7
CosmosHub$3
Base$0
BSC$0
Solana$0
Cumulative Revenue$12.62m
Ethereum$6.4m
Bitcoin$4.29m
BSC$377,481
Bitcoincash$311,315
Litecoin$310,321
Avalanche$282,360
Doge$246,559
Terra Classic$139,442
CosmosHub$86,053
Thorchain$72,361
Tron$42,845
XRPL$33,854
Base$23,789
Solana$1,066
Holders Revenue (Annualized)$695,622
Holders Revenue 30d$36,241
Ethereum$15,510
Bitcoin$10,137
Tron$4,309
Bitcoincash$2,433
Litecoin$2,193
XRPL$700
Doge$309
Avalanche$272
Thorchain$243
Base$66
CosmosHub$59
Solana$7
BSC$0
Holders Revenue 7d$7,513
Ethereum$3,308
Bitcoin$3,021
Tron$407
Litecoin$381
Bitcoincash$217
XRPL$81
Thorchain$39
Avalanche$32
Doge$22
CosmosHub$7
Base$0
BSC$0
Solana$0
Holders Revenue 24h$1,067
Ethereum$513
Bitcoin$481
Tron$49
Litecoin$9
Avalanche$3
Bitcoincash$3
Thorchain$3
XRPL$3
Doge$2
CosmosHub$1
Base$0
BSC$0
Solana$0
Cumulative Holders Revenue$2.37m
Ethereum$1.17m
Bitcoin$759,908
BSC$122,111
Avalanche$68,826
Bitcoincash$68,305
Litecoin$59,143
Doge$54,675
Thorchain$23,245
CosmosHub$14,447
Tron$14,265
XRPL$12,969
Base$9,866
Solana$349
Terra Classic$0
Incentives 1y$0.42
$0.42
$0.42
$0.42
$166.55m
Earnings (Annualized)$1.92m
$110,013.58
$22,725.58
$3,228.58
-$153.93m
DEX Volume 30d$647.93m
DEX Volume 30d by chain
Thorchain$647.93m
DEX Volume 7d$147m
Thorchain$147m
DEX Volume 24h$20.99m
Thorchain$20.99m
Cumulative DEX Volume$123.961b
Thorchain$123.961b
Market Cap$141.58m
$RUNE Price$0.42
$148.23m
$141.59m
$RUNE Volume 24h$21.08m
CEX Volume$3.44m
DEX Volume$21.05m(99.85% of total)
$RUNE Liquidity$149.37m
thorchain-dex$64.13m
thorchain-dex$58.55m
thorchain-dex$6.42m
thorchain-dex$6.18m
thorchain-dex$5.93m
thorchain-dex$4.24m
thorchain-dex$2.4m
thorchain-dex$843,172
thorchain-dex$671,996
Protocol Information
THORChain facilitates cross-chain liquidity pools with no pegged or wrapped tokens.
Category:Dexs
Sub Category: AMM
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Slip-based liquidity (swap) fees paid by users on each chain's THORChain pools, the protocol's net outbound (network) fee, and affiliate fees charged by interfaces/wallets (affiliate fees are attributed to the THORChain native chain). RUNE block-reward emissions are excluded.View code on GitHubRevenue: The 5% of swap fees burned as RUNE (value to all RUNE holders) plus protocol-kept income (net outbound network fee, developer fund and marketing fund). The node-bonder share of swap fees is treated as a security cost and the LP, affiliate and TCY shares as supplier payments, so none of those count as revenue.View code on GitHubHolders Revenue: Value to RUNE holders: the 5% of swap fees burned as RUNE (permanently removed from supply), the only component that accrues to every RUNE holder.View code on GitHubDEX Volume: Total USD value of swaps executed through THORChain's liquidity pools, sourced from THORChain Midgard. Every swap routes through native RUNE and settles on the THORChain L1, so volume is reported on the THORChain chain. Daily RUNE-denominated swap volume is converted to USD using that day's RUNE price.View code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Hacks
Date: Jul 15, 2021
Amount: $5m
Classification: Protocol Logic
Technique: Over-ride Logic Exploit
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Date: Jul 22, 2021
Amount: $8m
Classification: Protocol Logic
Technique: Refund Logic Exploit
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Date: May 15, 2026
Amount: $10m
Classification: Protocol Logic
Technique: Vault Churn Address Poisoning
Chains: Bitcoin, Ethereum, Base, BSC
Bridge Hack
Target Type: Chain
Competitors
Frequently Asked Questions
What is Thorchain DEX?
THORChain facilitates cross-chain liquidity pools with no pegged or wrapped tokens.
What is Thorchain DEX's TVL?
Thorchain DEX currently has $53.55m in total value locked. TVL has increased 3.3% over the past 30 days.
What chains does Thorchain DEX operate on?
Thorchain DEX operates on 13 chains: Bitcoin, Avalanche, BSC, Litecoin, and Bitcoincash and 8 others. Thorchain holds the largest share at 50.9%.
How much has Thorchain DEX generated in fees and revenue?
Over the past 30 days, Thorchain DEX generated $756,980 in fees. Of that, $110,014 was protocol revenue. Based on the trailing year, the annualized rate is $22.44m in fees and $1.92m in revenue.
What is the RUNE token price and valuation?
RUNE is currently trading at $0.42. Its circulating market capitalization is $141.58m, ranking it #285. Its fully diluted valuation is $148.23m. Supply currently stands at 338.21m circulating, 354.11m total supply, 354.11m maximum supply.
How has RUNE performed recently?
RUNE is down 2.1% over the past 7 days and up 2.7% over the past 30 days. Its all-time high is $20.87, reached on May 19, 2021. The token is currently 98% below that level.
How does Thorchain DEX's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Thorchain DEX ranks #19 by TVL. The category holds $11.292b across 1,575 protocols, and Thorchain DEX accounts for 0.5% of that total. Other leading protocols include Uniswap, PancakeSwap, and Curve Finance.
How much trading volume does Thorchain DEX process?
Thorchain DEX processed $647.93m in DEX volume over the past 30 days.
Has Thorchain DEX ever been exploited?
Thorchain DEX has 3 recorded security incidents. The most recent incident occurred on May 15, 2026 and involved $10m. It was classified as Protocol Logic.
