Ask about Thorchain DEXTotal Value Locked$54.25m
TVL by Chain
Thorchain$27.65m
Bitcoin$10.75m
Ethereum$10.33m
BSC$1.49m
Bitcoincash$966,496.81
Avalanche$927,086.69
Doge$860,123.24
Litecoin$434,730.42
XRPL$398,229.65
Tron$189,267.46
CosmosHub$122,928.85
Base$103,708.77
Solana$40,162.01
Key Metrics
Fees (Annualized)$22.47m
Fees 30d$841,399
Ethereum$353,898
Bitcoin$241,730
Tron$90,115
Bitcoincash$47,174
Litecoin$46,449
Thorchain$33,579
XRPL$14,108
Doge$6,492
Avalanche$5,677
CosmosHub$1,114
Base$931
Solana$132
BSC$0
Fees 7d$238,537
Ethereum$107,877
Bitcoin$97,217
Tron$11,909
Litecoin$9,959
Thorchain$5,328
Bitcoincash$3,188
Avalanche$1,093
XRPL$1,035
Doge$792
CosmosHub$139
Base$0
BSC$0
Solana$0
Fees 24h$99,372
Ethereum$49,298
Bitcoin$41,297
Tron$4,195
Litecoin$2,554
Bitcoincash$795
Avalanche$535
Doge$392
XRPL$160
Thorchain$118
CosmosHub$28
Base$0
BSC$0
Solana$0
Cumulative Fees$146.56m
Ethereum$53.41m
Thorchain$49.18m
Bitcoin$28.65m
BSC$3.45m
Litecoin$2.54m
Avalanche$2.49m
Bitcoincash$2.32m
Doge$1.96m
Terra Classic$1.05m
CosmosHub$750,607
Tron$289,961
XRPL$261,144
Base$198,636
Solana$6,998
Revenue (Annualized)$1.93m
Revenue 30d$123,035
Ethereum$53,637
Bitcoin$36,614
Tron$13,563
Bitcoincash$7,174
Litecoin$6,992
XRPL$2,134
Doge$983
Avalanche$873
Thorchain$732
CosmosHub$169.3
Base$142
Solana$20
BSC$0
Revenue 7d$35,314
Ethereum$16,281
Bitcoin$14,671
Tron$1,790
Litecoin$1,499
Bitcoincash$484
Avalanche$167
XRPL$155
Thorchain$126
Doge$119
CosmosHub$21.3
Base$0
BSC$0
Solana$0
Revenue 24h$14,961
Ethereum$7,426
Bitcoin$6,224
Tron$629
Litecoin$383
Bitcoincash$120
Avalanche$81
Doge$59
XRPL$24
Thorchain$11
CosmosHub$4.3
Base$0
BSC$0
Solana$0
Cumulative Revenue$12.64m
Ethereum$6.41m
Bitcoin$4.3m
BSC$377,481
Bitcoincash$311,435
Litecoin$310,704
Avalanche$282,441
Doge$246,618
Terra Classic$139,442
CosmosHub$86,057.3
Thorchain$72,372
Tron$43,474
XRPL$33,878
Base$23,789
Solana$1,066
Holders Revenue (Annualized)$698,663
Holders Revenue 30d$40,567
Ethereum$17,664
Bitcoin$12,067
Tron$4,504
Bitcoincash$2,352
Litecoin$2,321
XRPL$703.98
Doge$323
Avalanche$285
Thorchain$236.91
CosmosHub$55.41
Base$45
Solana$7
BSC$0
Holders Revenue 7d$11,692
Ethereum$5,388
Bitcoin$4,856
Tron$596
Litecoin$498
Bitcoincash$160
Avalanche$56
XRPL$52.98
Doge$40
Thorchain$39.91
CosmosHub$7.41
Base$0
BSC$0
Solana$0
Holders Revenue 24h$4,963
Ethereum$2,463
Bitcoin$2,063
Tron$210
Litecoin$128
Bitcoincash$40
Avalanche$27
Doge$20
XRPL$7.98
Thorchain$2.91
CosmosHub$1.41
Base$0
BSC$0
Solana$0
Cumulative Holders Revenue$2.38m
Ethereum$1.17m
Bitcoin$761,971
BSC$122,111
Avalanche$68,853
Bitcoincash$68,345
Litecoin$59,271
Doge$54,695
Thorchain$23,247.91
Tron$14,475
CosmosHub$14,448.41
XRPL$12,976.98
Base$9,866
Solana$349
Terra Classic$0
Incentives 1y$0.43
$0.43
$0.43
$0.43
$166.55m
Earnings (Annualized)$1.93m
$123,034.57
$35,313.57
$14,960.57
-$153.92m
DEX Volume 30d$723.09m
DEX Volume 30d by chain
Thorchain$723.09m
DEX Volume 7d$217.9m
Thorchain$217.9m
DEX Volume 24h$86.27m
Thorchain$86.27m
Cumulative DEX Volume$124.048b
Thorchain$124.048b
Market Cap$144.6m
$RUNE Price$0.43
$151.4m
$144.63m
$RUNE Volume 24h$93.29m
CEX Volume$6.66m
DEX Volume$90.87m(97.4% 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, the protocol's net outbound (network) fee, and affiliate fees charged by interfaces/wallets (affiliate fees are attributed to the THORChain native chain). RUNE block-reward emissions are excluded.View code on GitHubRevenue: The 5% of swap fees burned as RUNE (value to all RUNE holders) plus protocol-kept income (net outbound network fee, 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 $54.25m in total value locked. TVL has increased 7% over the past 30 days.
What chains does Thorchain DEX operate on?
Thorchain DEX operates on 13 chains: Bitcoin, Avalanche, BSC, Litecoin, and Bitcoincash 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 $841,399 in fees. Of that, $123,035 was protocol revenue. Based on the trailing year, the annualized rate is $22.47m in fees and $1.93m in revenue.
What is the RUNE token price and valuation?
RUNE is currently trading at $0.43. Its circulating market capitalization is $144.6m, ranking it #285. Its fully diluted valuation is $151.4m. Supply currently stands at 338.19m circulating, 354.1m total supply, 354.1m maximum supply.
How has RUNE performed recently?
RUNE is down 2.3% over the past 7 days and up 8.7% over the past 30 days. Its all-time high is $20.87, reached on May 19, 2021. The token is currently 98% 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 $11.361b across 1,575 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 $723.09m 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.
