Ask about THORChain DEX · freeTotal Value Locked$65.87m
TVL by Chain
THORChain$33.54m
Bitcoin$15.22m
Ethereum$9.96m
BSC$1.81m
Bitcoincash$1.36m
Avalanche$983,496
Doge$933,863
XRPL$780,971
Litecoin$619,969
Tron$375,300
CosmosHub$142,906
Base$74,189
Solana$57,786
Key Metrics
Fees 30d$3.22m
Fees 30d by chain
Bitcoin$848,483
Ethereum$830,013
XRPL$770,375
THORChain$435,675
Tron$119,551
Litecoin$63,541
BSC$53,755
Bitcoincash$46,855
Avalanche$17,376
Base$16,926
Doge$13,174
CosmosHub$6,032
Solana$183
Fees 7d$461,161
Ethereum$156,742
THORChain$91,433
Bitcoin$89,790
Tron$81,819
Bitcoincash$14,640
BSC$8,296
Base$6,045
Litecoin$4,299
Doge$3,478
XRPL$1,985
Avalanche$1,958
CosmosHub$676
Solana$0
Fees 24h$87,294
Ethereum$35,599
Bitcoin$21,033
Tron$18,635
THORChain$6,266
Base$2,116
Bitcoincash$1,660
BSC$1,154
Litecoin$290
Avalanche$280
Doge$114
XRPL$104
CosmosHub$43
Solana$0
Cumulative Fees$174.52m
Ethereum$59.72m
THORChain$50.09m
Bitcoin$33.48m
BSC$17.04m
Litecoin$2.86m
Avalanche$2.78m
Bitcoincash$2.56m
Doge$2.18m
Terra Classic$1.12m
XRPL$1.05m
CosmosHub$839,396
Tron$574,601
Base$223,642
Solana$7,666
Revenue 30d$888,193
Revenue 30d by chain
Bitcoin$272,005
Ethereum$260,798
XRPL$249,742
Tron$36,368
Litecoin$19,799
BSC$17,547
Bitcoincash$14,385
Avalanche$5,573
Base$5,295
Doge$4,219
CosmosHub$1,873
THORChain$531.10
Solana$56
Revenue 7d$112,138
Ethereum$47,560
Bitcoin$27,350
Tron$24,774
Bitcoincash$4,354
BSC$2,487
Base$1,865
Litecoin$1,299
Doge$1,046
XRPL$591
Avalanche$578
CosmosHub$205.89
THORChain$27.67
Solana$0
Revenue 24h$24,728
Ethereum$10,857
Bitcoin$6,488
Tron$5,618
Base$655
Bitcoincash$500
BSC$352
Litecoin$89
Avalanche$85
Doge$35
XRPL$32
CosmosHub$13
THORChain$3.68
Solana$0
Cumulative Revenue$9.37m
Ethereum$4.09m
Bitcoin$2.89m
BSC$971,840
XRPL$290,185
Litecoin$226,630
Bitcoincash$215,710
Avalanche$185,777
Tron$153,684
Doge$149,502
CosmosHub$56,327
Terra Classic$56,159
THORChain$55,314
Base$33,324
Solana$1,376
Holders Revenue 30d$27,130
Holders Revenue 30d by chain
Bitcoin$8,245
Ethereum$8,093
XRPL$7,520
Tron$1,151
Litecoin$625.76
BSC$511.34
Bitcoincash$450.17
Avalanche$167.63
Base$166.73
Doge$124.52
CosmosHub$60
THORChain$16.47
Solana$1.80
Holders Revenue 7d$3,580
Ethereum$1,518
Bitcoin$877
Tron$787
Bitcoincash$140
BSC$78.76
Base$60.10
Litecoin$41.58
Doge$33.16
XRPL$18.72
Avalanche$18.54
CosmosHub$6.60
THORChain$0.88
Solana$0
Holders Revenue 24h$783
Ethereum$344
Bitcoin$208
Tron$175
Base$21
Bitcoincash$16
BSC$11
Litecoin$2.82
Avalanche$2.69
Doge$1.10
XRPL$1
CosmosHub$0.42
THORChain$0.12
Solana$0
Cumulative Holders Revenue$2.48m
Ethereum$1.21m
Bitcoin$797,302
BSC$123,096
Avalanche$69,648
Bitcoincash$69,493
Litecoin$63,930
Doge$55,335
THORChain$23,434
XRPL$21,203
Tron$20,639
CosmosHub$14,585
Base$10,092
Solana$355.13
Terra Classic$0
Incentives 1y$0.66
Incentives 30d$0.66
Incentives 7d$0.66
Incentives 24h$0.66
Cumulative Incentives$166.55m
Earnings (Annualized)$2.99m
Earnings 30d$888,193
Earnings 7d$112,137
Earnings 24h$24,727
Cumulative Earnings-$157.18m
DEX Volume 30d$2.304b
DEX Volume 30d by chain
THORChain$2.304b
DEX Volume 7d$371.63m
THORChain$371.63m
DEX Volume 24h$79.74m
THORChain$79.74m
Cumulative DEX Volume$127.733b
THORChain$127.733b
Market Cap$215.36m
$RUNE Price$0.66
Fully Diluted Valuation$231.98m
Outstanding FDV$221.89m
$RUNE Volume 24h$83.22m
CEX Volume$7.95m
DEX Volume$81.07m(97.42% of total)
Protocol Information
THORChain is a decentralized exchange (DEX) enabling native cross-chain swaps without wrapped assets or bridges. All trades occur on-chain and are permissionless.
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, gross outbound fees and slashing fees paid into the Reserve, and affiliate fees charged by interfaces/wallets (affiliate fees are attributed to the THORChain native chain). RUNE block-reward emissions and the native tx fee (counted in the THORChain chain fees adapter) are excluded.View code on GitHubRevenue: The share of swap fees burned as RUNE (1% since 2026-09-12, 5% before) - value to all RUNE holders - plus protocol-kept income (outbound fees net of the gas reimbursed to nodes, slashing fees, developer fund, marketing fund and the 20% directed into protocol-owned liquidity). 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 share of swap fees burned as RUNE (1% since 2026-09-12, 5% before), 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: Jun 29, 2021
Amount: $350,000
Classification: Bridge & Cross-Chain
Technique: Bridge Logic Flaw
Chains: Ethereum
Bridge Hack
Language: Go
Target Type: DeFi Protocol
Date: Jul 15, 2021
Amount: $5m
Classification: Bridge & Cross-Chain
Technique: Bridge Logic Flaw
Chains: Ethereum
Bridge Hack
Language: Solidity
Target Type: DeFi Protocol
Date: Jul 22, 2021
Amount: $8m
Classification: Protocol Logic
Technique: Withdrawal Logic Flaw
Chains: Ethereum
Bridge Hack
Language: Solidity
Target Type: DeFi Protocol
Date: May 15, 2026
Amount: $10.7m
Classification: Bridge & Cross-Chain
Technique: Bridge Logic Flaw
Chains: Bitcoin, Ethereum, Base, BSC
Bridge Hack
Target Type: Chain
Competitors
Frequently asked questions
What is THORChain DEX's TVL?
THORChain DEX currently has $65.87m in total value locked. TVL has increased 18.1% over the past 30 days.
What chains does THORChain DEX operate on?
THORChain DEX operates on 14 chains: THORChain, Bitcoin, Ethereum, BSC, and Bitcoincash and 9 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 $3.22m in fees. Of that, $888,193 was protocol revenue. Based on the trailing year, the annualized rate is $20.73m in fees and $2.99m in revenue.
What is the RUNE token price and valuation?
RUNE is currently trading at $0.66. Its circulating market capitalization is $215.36m, ranking it #257. Its fully diluted valuation is $231.98m. Supply currently stands at 328.55m circulating, 353.9m total supply, 353.9m maximum supply.
How has RUNE performed recently?
RUNE is down 14.2% over the past 7 days and up 28.9% over the past 30 days. Its all-time high is $20.87, reached on May 18, 2021. The token is currently 96.9% below that level.
How does THORChain DEX's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, THORChain DEX ranks #23 by TVL. The category holds $13.778b across 1,926 protocols, and THORChain DEX accounts for 0.5% of that total. Other leading protocols include Bridgers, Uniswap V3, Uniswap V4, Curve DEX, Uniswap V2, PancakeSwap AMM V3, SushiSwap V3, SushiSwap, DODO AMM, and Metric V1.
How much trading volume does THORChain DEX process?
THORChain DEX processed $2.304b in DEX volume over the past 30 days.
Has THORChain DEX ever been exploited?
THORChain DEX has 4 recorded security incidents. The most recent incident occurred on May 15, 2026 and involved $10.7m. It was classified as Bridge & Cross-Chain.