Total Value Locked$53.66m
TVL by Chain
THORChain$27.33m
Bitcoin$12.56m
Ethereum$8.3m
BSC$1.44m
Bitcoincash$1.12m
Doge$816,476.79
Avalanche$732,554.32
Litecoin$481,555.94
XRPL$469,540.82
Tron$209,997.88
CosmosHub$109,784.92
Solana$50,463.27
Base$47,534.23
Key Metrics
Fees 30d$939,392
Fees 30d by chain
Ethereum$308,568
Bitcoin$244,850
THORChain$231,514
Tron$80,050
Litecoin$44,693.01
XRPL$8,697.78
Avalanche$6,056.87
Bitcoincash$5,680.85
Doge$5,346.14
BSC$2,143
CosmosHub$1,276.58
Base$511
Solana$5.43
Fees 7d$350,060
THORChain$172,768
Ethereum$76,631
Bitcoin$69,129
Litecoin$15,278
Tron$10,579
BSC$2,143
Avalanche$1,083
Bitcoincash$890
Base$511
XRPL$471
Doge$336
CosmosHub$236
Solana$5.43
Fees 24h$93,055
THORChain$58,732
Ethereum$16,452
Bitcoin$14,025
Litecoin$2,364
Tron$886
BSC$219
XRPL$110
Bitcoincash$91
Base$60
Avalanche$53
Doge$51
CosmosHub$12
Solana$0
Cumulative Fees$170.62m
Ethereum$58.57m
THORChain$49.59m
Bitcoin$32.39m
BSC$16.98m
Litecoin$2.78m
Avalanche$2.75m
Bitcoincash$2.51m
Doge$2.16m
Terra Classic$1.12m
CosmosHub$833,341.19
Tron$444,758
XRPL$279,732.63
Base$206,057.94
Solana$7,365.07
Revenue 30d$108,167.47
Revenue 30d by chain
Ethereum$46,816.23
Bitcoin$37,490.14
Tron$11,993.07
Litecoin$6,945.5
XRPL$1,304.65
Avalanche$953.15
Bitcoincash$886.56
Doge$808.75
THORChain$375.32
BSC$318
CosmosHub$194.29
Base$79.11
Solana$0.79
Revenue 7d$28,636
Ethereum$12,216
Bitcoin$11,250
Litecoin$2,546.02
Tron$1,624
BSC$318
Avalanche$213.25
Bitcoincash$172.91
Base$79.11
XRPL$76.8
Doge$59.36
THORChain$40.39
CosmosHub$38.63
Solana$0.79
Revenue 24h$5,037
Ethereum$2,410
Bitcoin$2,048
Litecoin$346
Tron$129
BSC$32
THORChain$17
XRPL$16
Bitcoincash$13
Base$8.73
Avalanche$7.74
Doge$7.39
CosmosHub$1.76
Solana$0
Cumulative Revenue$8.26m
Ethereum$3.71m
Bitcoin$2.52m
BSC$951,588.99
Bitcoincash$199,737.43
Litecoin$198,703.13
Avalanche$178,275.96
Doge$144,097.21
Tron$113,456.28
Terra Classic$56,158.55
THORChain$54,584.61
CosmosHub$54,439.82
XRPL$38,859.08
Base$27,783.95
Solana$1,280.17
Holders Revenue 30d$34,860
Holders Revenue 30d by chain
Ethereum$15,153
Bitcoin$11,998
Tron$3,943.98
Litecoin$2,185.61
XRPL$428.78
Avalanche$294.66
Bitcoincash$278.52
Doge$263.97
THORChain$121.3
BSC$105.03
CosmosHub$62.74
Base$24.97
Solana$0.26
Holders Revenue 7d$8,488
Ethereum$3,680
Bitcoin$3,295
Litecoin$729.6
Tron$502.98
BSC$105.03
Avalanche$49.51
Bitcoincash$41
Base$24.97
XRPL$22.45
Doge$15.73
CosmosHub$11.23
THORChain$10.44
Solana$0.26
Holders Revenue 24h$1,679
Ethereum$803
Bitcoin$683
Litecoin$115
Tron$43
BSC$11
THORChain$5.8
XRPL$5.36
Bitcoincash$4.41
Base$2.91
Avalanche$2.58
Doge$2.46
CosmosHub$0.59
Solana$0
Cumulative Holders Revenue$2.42m
Ethereum$1.19m
Bitcoin$777,464
BSC$122,215.89
Avalanche$69,223.63
Bitcoincash$68,825.04
Litecoin$62,448.09
Doge$55,046.22
THORChain$23,395.47
Tron$19,079.81
CosmosHub$14,523.83
XRPL$13,462.19
Base$9,893.59
Solana$348.86
Terra Classic$0
Incentives 1y$0.48
$0.48
$0.48
$0.48
$166.55m
Earnings (Annualized)$2.13m
$108,166.99
$28,635.52
$5,036.52
-$158.3m
DEX Volume 30d$646.51m
DEX Volume 30d by chain
THORChain$646.51m
DEX Volume 7d$156.58m
THORChain$156.58m
DEX Volume 24h$31.36m
THORChain$31.36m
Cumulative DEX Volume$124.873b
THORChain$124.873b
Market Cap$159m
$RUNE Price$0.48
$171.24m
$163.57m
$RUNE Volume 24h$34.9m
CEX Volume$3.36m
DEX Volume$33.48m(95.94% 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 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 5% of swap fees burned as RUNE (value to all RUNE holders) plus protocol-kept income (outbound fees net of the gas reimbursed to nodes, slashing fees, 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: 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 $53.66m in total value locked. TVL has decreased 2.3% over the past 30 days.
What chains does THORChain DEX operate on?
THORChain DEX operates on 13 chains: THORChain, Bitcoin, Avalanche, BSC, and Litecoin 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 $939,392 in fees. Of that, $108,167.47 was protocol revenue. Based on the trailing year, the annualized rate is $21.01m in fees and $2.13m in revenue.
What is the RUNE token price and valuation?
RUNE is currently trading at $0.48. Its circulating market capitalization is $158.91m, ranking it #285. Its fully diluted valuation is $171.15m. Supply currently stands at 328.69m circulating, 354m total supply, 354m maximum supply.
How has RUNE performed recently?
RUNE is down 15.4% over the past 7 days and up 9.8% over the past 30 days. Its all-time high is $20.87, reached on May 18, 2021. The token is currently 97.7% 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 $12.737b across 1,926 protocols, and THORChain DEX accounts for 0.4% of that total. Other leading protocols include Bridgers, Uniswap V3, Curve DEX, Uniswap V4, Uniswap V2, PancakeSwap AMM V3, SushiSwap V3, SushiSwap, DODO AMM, and Metric V2.
How much trading volume does THORChain DEX process?
THORChain DEX processed $646.51m 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.
