Ask about THORChain DEX · freeTotal Value Locked$65.22m
TVL by Chain
THORChain$33.3m
Bitcoin$14.99m
Ethereum$9.83m
BSC$1.79m
Bitcoincash$1.38m
Avalanche$980,860
Doge$914,771
XRPL$765,594
Litecoin$613,379
Tron$382,810
CosmosHub$138,797
Base$80,273
Solana$56,834
Key Metrics
Fees 30d$3.32m
Fees 30d by chain
Bitcoin$881,708
Ethereum$857,916
XRPL$770,534
THORChain$456,913
Tron$121,702
Litecoin$67,085
BSC$55,493
Bitcoincash$51,825
Base$21,541
Avalanche$17,522
Doge$14,024
CosmosHub$6,185
Solana$0
Fees 7d$536,697
Ethereum$199,664
Bitcoin$131,436
THORChain$87,130
Tron$77,950
Bitcoincash$12,788
Base$10,125
Litecoin$6,403
BSC$5,455
Doge$2,081
Avalanche$1,692
XRPL$1,239
CosmosHub$734
Solana$0
Fees 24h$76,710
Ethereum$29,978
Bitcoin$29,006
THORChain$5,398
Litecoin$4,124
Bitcoincash$2,056
BSC$1,910
Base$1,774
Tron$1,156
Doge$607
XRPL$369
Avalanche$291
CosmosHub$41
Solana$0
Cumulative Fees$174.73m
Ethereum$59.8m
THORChain$50.12m
Bitcoin$33.55m
BSC$17.05m
Litecoin$2.87m
Avalanche$2.78m
Bitcoincash$2.56m
Doge$2.18m
Terra Classic$1.12m
XRPL$1.06m
CosmosHub$839,595
Tron$580,900
Base$228,359
Solana$7,666
Revenue 30d$913,677
Revenue 30d by chain
Bitcoin$282,634
Ethereum$269,895
XRPL$249,795
Tron$37,117
Litecoin$20,915
BSC$18,107
Bitcoincash$15,961
Base$6,730
Avalanche$5,624
Doge$4,489
CosmosHub$1,922
THORChain$486.53
Solana$0
Revenue 7d$138,773
Ethereum$61,629
Bitcoin$40,774
Tron$23,774
Bitcoincash$3,959
Base$3,138
Litecoin$1,989
BSC$1,694
Doge$646
Avalanche$523
XRPL$383
CosmosHub$227
THORChain$36.51
Solana$0
Revenue 24h$22,342
Ethereum$9,389
Bitcoin$9,075
Litecoin$1,286
Bitcoincash$648
BSC$604
Base$550
Tron$372
Doge$193
XRPL$116
Avalanche$92
CosmosHub$13
THORChain$4.31
Solana$0
Cumulative Revenue$9.43m
Ethereum$4.12m
Bitcoin$2.91m
BSC$972,751
XRPL$290,398
Litecoin$228,272
Bitcoincash$217,475
Avalanche$186,060
Tron$155,684
Doge$149,914
CosmosHub$56,390
Terra Classic$56,159
THORChain$55,328
Base$34,789
Solana$1,376
Holders Revenue 30d$27,912
Holders Revenue 30d by chain
Bitcoin$8,573
Ethereum$8,368
XRPL$7,522
Tron$1,172
Litecoin$661.11
BSC$528.50
Bitcoincash$498.06
Base$213.45
Avalanche$169.04
Doge$132.74
CosmosHub$61.52
THORChain$15.03
Solana$0
Holders Revenue 7d$4,403
Ethereum$1,955
Bitcoin$1,296
Tron$752
Bitcoincash$124
Base$101.63
Litecoin$63.42
BSC$53.22
Doge$20.26
Avalanche$16.55
XRPL$12.16
CosmosHub$7.21
THORChain$1.16
Solana$0
Holders Revenue 24h$706
Ethereum$297
Bitcoin$287
Litecoin$41
Bitcoincash$20
BSC$19
Base$18
Tron$11
Doge$5.89
XRPL$3.62
Avalanche$2.86
CosmosHub$0.40
THORChain$0.14
Solana$0
Cumulative Holders Revenue$2.48m
Ethereum$1.21m
Bitcoin$798,003
BSC$123,125
Avalanche$69,657
Bitcoincash$69,547
Litecoin$63,982
Doge$55,348
THORChain$23,435
XRPL$21,209
Tron$20,700
CosmosHub$14,587
Base$10,140
Solana$355.13
Terra Classic$0
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$3.04m
Earnings 30d$913,677
Earnings 7d$138,773
Earnings 24h$22,342
Cumulative Earnings$9.43m
DEX Volume 30d$2.385b
DEX Volume 30d by chain
THORChain$2.385b
DEX Volume 7d$447.29m
THORChain$447.29m
DEX Volume 24h$70.67m
THORChain$70.67m
Cumulative DEX Volume$127.912b
THORChain$127.912b
Market Cap$213.32m
$RUNE Price$0.65
Fully Diluted Valuation$229.78m
Outstanding FDV$219.49m
$RUNE Volume 24h$70.4m
CEX Volume$5.61m
DEX Volume$64.62m(91.79% 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 $65.22m in total value locked. TVL has increased 21% 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 51.1%.
How much has THORChain DEX generated in fees and revenue?
Over the past 30 days, THORChain DEX generated $3.32m in fees. Of that, $913,677 was protocol revenue. Based on the trailing year, the annualized rate is $20.72m in fees and $3.04m in revenue.
What is the RUNE token price and valuation?
RUNE is currently trading at $0.65. Its circulating market capitalization is $213.32m, ranking it #258. Its fully diluted valuation is $229.78m. Supply currently stands at 328.55m circulating, 353.9m total supply, 353.9m maximum supply.
How has RUNE performed recently?
RUNE is down 5.1% over the past 7 days and up 33.7% 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 $13.747b 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 $2.385b 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.