Ask about THORChain DEXTotal Value Locked$55.19m
TVL by Chain
THORChain$28.12m
Bitcoin$10.89m
Ethereum$10.61m
BSC$1.53m
Bitcoincash$986,238.45
Avalanche$924,265.22
Doge$842,226.43
Litecoin$434,856.13
XRPL$390,485.88
Tron$191,462.19
CosmosHub$123,032.88
Base$102,668.7
Solana$38,821.27
Key Metrics
Fees (Annualized)$22.67m
Fees 30d$1.06m
Ethereum$382,310
Bitcoin$294,188
THORChain$157,844
Tron$100,285
Litecoin$74,741
Bitcoincash$31,017
XRPL$7,420
Doge$6,534
Avalanche$5,393
CosmosHub$862.47
Base$175
BSC$0
Solana$0
Fees 7d$152,963
Ethereum$61,431
Bitcoin$58,274
Litecoin$15,567
Tron$10,379
THORChain$3,829
XRPL$1,103
Avalanche$963
Bitcoincash$903
Doge$345
CosmosHub$169.41
Base$0
BSC$0
Solana$0
Fees 24h$19,353
Bitcoin$8,101
Ethereum$7,805
Litecoin$1,869
Tron$1,215
Avalanche$112
Bitcoincash$76
THORChain$73
XRPL$40
Doge$34
CosmosHub$28
Base$0
BSC$0
Solana$0
Cumulative Fees$169.77m
Ethereum$58.29m
THORChain$49.36m
Bitcoin$32.18m
BSC$16.98m
Avalanche$2.75m
Litecoin$2.75m
Bitcoincash$2.5m
Doge$2.16m
Terra Classic$1.12m
CosmosHub$832,178.61
Tron$369,757
XRPL$271,602.85
Base$205,546.94
Solana$7,359.64
Revenue (Annualized)$2.18m
Revenue 30d$135,341
Ethereum$57,090
Bitcoin$43,966
Tron$14,977
Litecoin$11,189
Bitcoincash$4,624.63
XRPL$1,108.69
Doge$978.4
Avalanche$802.89
THORChain$449.5
CosmosHub$129.31
Base$25.73
BSC$0
Solana$0
Revenue 7d$22,437
Ethereum$9,217
Bitcoin$8,742
Litecoin$2,336
Tron$1,558
XRPL$165.74
Avalanche$145
Bitcoincash$134.76
THORChain$62.6
Doge$51.61
CosmosHub$25.29
Base$0
BSC$0
Solana$0
Revenue 24h$2,895
Bitcoin$1,215
Ethereum$1,170
Litecoin$280
Tron$182
Avalanche$17
Bitcoincash$11
XRPL$5.91
Doge$5.02
THORChain$4.96
CosmosHub$4.16
Base$0
BSC$0
Solana$0
Cumulative Revenue$8.16m
Ethereum$3.67m
Bitcoin$2.49m
BSC$951,270.99
Bitcoincash$198,929.87
Litecoin$193,476.63
Avalanche$177,404.81
Doge$143,308.57
Tron$102,220.21
Terra Classic$56,158.55
CosmosHub$54,262.41
THORChain$54,234.61
XRPL$37,639.34
Base$27,704.84
Solana$1,279.38
Holders Revenue (Annualized)$694,377
Holders Revenue 30d$44,793
Ethereum$18,886
Bitcoin$14,548
Tron$4,971.87
Litecoin$3,707.1
Bitcoincash$1,522.56
XRPL$365.91
Doge$323.58
Avalanche$267.43
THORChain$147.93
CosmosHub$42.84
Base$8.61
BSC$0
Solana$0
Holders Revenue 7d$7,459
Ethereum$3,064
Bitcoin$2,907
Litecoin$775.35
Tron$519
XRPL$55.18
Avalanche$47.37
Bitcoincash$45.43
THORChain$20.38
Doge$17.11
CosmosHub$8.47
Base$0
BSC$0
Solana$0
Holders Revenue 24h$965
Bitcoin$405
Ethereum$390
Litecoin$93
Tron$61
Avalanche$5.57
Bitcoincash$3.74
XRPL$1.93
Doge$1.66
THORChain$1.64
CosmosHub$1.38
Base$0
BSC$0
Solana$0
Cumulative Holders Revenue$2.39m
Ethereum$1.17m
Bitcoin$767,159
BSC$122,110.86
Avalanche$68,955.38
Bitcoincash$68,573.23
Litecoin$60,834.48
Doge$54,788.93
THORChain$23,282.43
Tron$15,388.83
CosmosHub$14,466.77
XRPL$13,062.34
Base$9,868.62
Solana$348.6
Terra Classic$0
Incentives 1y$0.44
$0.44
$0.44
$0.44
$166.55m
Earnings (Annualized)$2.18m
$135,340.56
$22,436.56
$2,894.56
-$158.39m
DEX Volume 30d$795.97m
DEX Volume 30d by chain
THORChain$795.97m
DEX Volume 7d$139.24m
THORChain$139.24m
DEX Volume 24h$19.05m
THORChain$19.05m
Cumulative DEX Volume$124.306b
THORChain$124.306b
Market Cap$148.97m
$RUNE Price$0.44
$155.99m
$148.99m
$RUNE Volume 24h$26.33m
CEX Volume$3.82m
DEX Volume$23.1m(87.75% 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, 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: 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 $55.19m in total value locked. TVL has increased 7.2% over the past 30 days.
What chains does THORChain DEX operate on?
THORChain DEX operates on 13 chains: Bitcoin, Avalanche, BSC, Litecoin, and Doge and 8 others. THORChain holds the largest share at 51%.
How much has THORChain DEX generated in fees and revenue?
Over the past 30 days, THORChain DEX generated $1.06m in fees. Of that, $135,341 was protocol revenue. Based on the trailing year, the annualized rate is $22.67m in fees and $2.18m in revenue.
What is the RUNE token price and valuation?
RUNE is currently trading at $0.44. Its circulating market capitalization is $148.91m, ranking it #274. Its fully diluted valuation is $155.92m. Supply currently stands at 338.14m circulating, 354.07m total supply, 354.07m maximum supply.
How has RUNE performed recently?
RUNE is up 0.6% over the past 7 days and up 13.6% over the past 30 days. Its all-time high is $20.87, reached on May 18, 2021. The token is currently 97.9% 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 $11.086b across 1,580 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 $795.97m 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.
