Total Value Locked$53.66m
TVL by Chain
THORChain$27.1m
Bitcoin$12.45m
Ethereum$8.68m
BSC$1.42m
Bitcoincash$1.1m
Doge$823,140.26
Avalanche$742,492.86
XRPL$471,372.96
Litecoin$468,877.92
Tron$200,748.79
CosmosHub$109,446.46
Solana$52,995.89
Base$47,014.92
Key Metrics
Fees (Annualized)$21.05m
Fees 30d$713,378
Ethereum$283,620
Bitcoin$223,505
Tron$76,948
THORChain$62,273
Litecoin$39,412.01
XRPL$9,227.78
Avalanche$5,851.87
Bitcoincash$5,665.85
Doge$5,374.14
CosmosHub$1,175.99
Base$325
BSC$0
Solana$0
Fees 7d$137,439
Ethereum$43,810
THORChain$34,476
Bitcoin$33,692
Litecoin$8,183.01
Tron$8,012
XRPL$3,182.78
Doge$1,949.14
Bitcoincash$1,917.85
Avalanche$1,560.87
CosmosHub$330.74
Base$325
BSC$0
Solana$0
Fees 24h$12,455
Ethereum$4,425
Bitcoin$4,289
THORChain$1,504
Litecoin$1,136
Base$325
Bitcoincash$272
Avalanche$213
Tron$203
Doge$44
XRPL$25
CosmosHub$19
BSC$0
Solana$0
Cumulative Fees$170.28m
Ethereum$58.5m
THORChain$49.42m
Bitcoin$32.32m
BSC$16.98m
Litecoin$2.77m
Avalanche$2.75m
Bitcoincash$2.51m
Doge$2.16m
Terra Classic$1.12m
CosmosHub$833,124.19
Tron$434,382
XRPL$279,286.63
Base$205,871.94
Solana$7,359.64
Revenue (Annualized)$2.12m
Revenue 30d$100,157.47
Ethereum$43,274.23
Bitcoin$34,489.14
Tron$11,573.07
Litecoin$6,185.48
XRPL$1,385.68
Avalanche$923.9
Bitcoincash$885.41
Doge$814.89
THORChain$392.6
CosmosHub$180.25
Base$52
BSC$0
Solana$0
Revenue 7d$17,604.47
Ethereum$7,307.23
Bitcoin$6,013.14
Litecoin$1,495.01
Tron$1,231.07
XRPL$475.01
Bitcoincash$324.01
Doge$299
Avalanche$281
THORChain$74.11
CosmosHub$53.24
Base$52
BSC$0
Solana$0
Revenue 24h$4,133
Bitcoin$1,721
Ethereum$1,579
Litecoin$455
Tron$111
Avalanche$85
Bitcoincash$82
Base$52
Doge$17
THORChain$13
XRPL$11
CosmosHub$6.97
BSC$0
Solana$0
Cumulative Revenue$8.23m
Ethereum$3.7m
Bitcoin$2.51m
BSC$951,270.99
Bitcoincash$199,646.52
Litecoin$196,612.11
Avalanche$178,147.71
Doge$144,054.85
Tron$111,943.28
Terra Classic$56,158.55
THORChain$54,557.22
CosmosHub$54,408.16
XRPL$38,793.28
Base$27,756.84
Solana$1,279.38
Holders Revenue (Annualized)$665,858
Holders Revenue 30d$32,237
Ethereum$13,992
Bitcoin$11,018
Tron$3,808.98
Litecoin$1,934.36
XRPL$455.37
Avalanche$285.31
Bitcoincash$278.24
Doge$265.7
THORChain$126.65
CosmosHub$58.07
Base$16
BSC$0
Solana$0
Holders Revenue 7d$4,846
Ethereum$2,056
Bitcoin$1,566
Litecoin$383
Tron$373.98
XRPL$154.79
Doge$95.45
Bitcoincash$91.44
Avalanche$72.78
THORChain$21.39
Base$16
CosmosHub$15.98
BSC$0
Solana$0
Holders Revenue 24h$388
Ethereum$162
Bitcoin$145
Litecoin$38
Base$16
Bitcoincash$11
Avalanche$7.2
Tron$4.98
Doge$1.53
THORChain$1.21
XRPL$0.79
CosmosHub$0.7
BSC$0
Solana$0
Cumulative Holders Revenue$2.42m
Ethereum$1.18m
Bitcoin$774,314
BSC$122,110.86
Avalanche$69,181.32
Bitcoincash$68,795.04
Litecoin$61,756.49
Doge$55,032.02
THORChain$23,386.24
Tron$18,581.81
CosmosHub$14,513.3
XRPL$13,440.53
Base$9,884.62
Solana$348.6
Terra Classic$0
Incentives 1y$0.46
$0.46
$0.46
$0.46
$166.55m
Earnings (Annualized)$2.12m
$100,157.01
$17,604.01
$4,132.54
-$158.32m
DEX Volume 30d$600.2m
DEX Volume 30d by chain
THORChain$600.2m
DEX Volume 7d$99.5m
THORChain$99.5m
DEX Volume 24h$5.41m
THORChain$5.41m
Cumulative DEX Volume$124.722b
THORChain$124.722b
Market Cap$154.48m
$RUNE Price$0.47
$165.5m
$158.08m
$RUNE Volume 24h$28.49m
CEX Volume$3.79m
DEX Volume$23.49m(82.45% 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 1.7% 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 50.5%.
How much has THORChain DEX generated in fees and revenue?
Over the past 30 days, THORChain DEX generated $713,378 in fees. Of that, $100,157.47 was protocol revenue. Based on the trailing year, the annualized rate is $21.05m in fees and $2.12m in revenue.
What is the RUNE token price and valuation?
RUNE is currently trading at $0.46. Its circulating market capitalization is $151.6m, ranking it #291. Its fully diluted valuation is $162.41m. Supply currently stands at 330.45m circulating, 354.01m total supply, 354.01m maximum supply.
How has RUNE performed recently?
RUNE is down 1.5% over the past 7 days and up 4.7% over the past 30 days. Its all-time high is $20.87, reached on May 18, 2021. The token is currently 97.8% 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 $12.66b across 1,923 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 $600.2m 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.
