Ask about Thorchain DEXTotal Value Locked$53.95m
TVL by Chain
Thorchain$27.52m
Bitcoin$10.62m
Ethereum$10.32m
BSC$1.52m
Bitcoincash$958,176.25
Avalanche$913,488.7
Doge$834,254.81
Litecoin$427,316.19
XRPL$391,496.86
Tron$189,356.2
CosmosHub$116,223.96
Base$101,726.04
Solana$39,063.04
Key Metrics
Fees (Annualized)$22.99m
Fees 30d$1.08m
Ethereum$382,444
Bitcoin$274,173
Thorchain$187,233
Tron$97,486
Litecoin$62,091
Bitcoincash$42,719
XRPL$14,644
Doge$7,716
Avalanche$6,188
CosmosHub$1,051.85
Base$415
Solana$133
BSC$0
Fees 7d$261,813
Ethereum$114,802
Bitcoin$97,275
Litecoin$18,683
Tron$13,128
Thorchain$8,459
Bitcoincash$4,631
Doge$1,918
Avalanche$1,793
XRPL$823
CosmosHub$300.98
Base$0
BSC$0
Solana$0
Fees 24h$47,983
Ethereum$20,817
Bitcoin$19,140
Litecoin$4,763
Tron$1,944
XRPL$441
Avalanche$243
Thorchain$237
Bitcoincash$227
Doge$110
CosmosHub$61
Base$0
BSC$0
Solana$0
Cumulative Fees$169.62m
Ethereum$58.23m
Thorchain$49.35m
Bitcoin$32.12m
BSC$16.98m
Avalanche$2.75m
Litecoin$2.73m
Bitcoincash$2.5m
Doge$2.16m
Terra Classic$1.12m
CosmosHub$832,009.2
Tron$359,378
XRPL$270,499.85
Base$205,546.94
Solana$7,359.64
Revenue (Annualized)$2.18m
Revenue 30d$133,249
Ethereum$57,047
Bitcoin$40,924
Tron$14,549
Litecoin$9,286
Bitcoincash$6,367.87
XRPL$2,188.31
Doge$1,153.79
Avalanche$919.89
Thorchain$572.9
CosmosHub$157.5
Base$61.58
Solana$20
BSC$0
Revenue 7d$38,031
Ethereum$17,202
Bitcoin$14,573
Litecoin$2,800
Tron$1,964
Bitcoincash$697.87
Doge$288.2
Avalanche$266.91
XRPL$122.7
Thorchain$69.93
CosmosHub$45.44
Base$0
BSC$0
Solana$0
Revenue 24h$7,168
Ethereum$3,122
Bitcoin$2,870
Litecoin$714
Tron$292
XRPL$66
Avalanche$36
Bitcoincash$34
Doge$17
CosmosHub$9.21
Thorchain$7.39
Base$0
BSC$0
Solana$0
Cumulative Revenue$8.14m
Ethereum$3.66m
Bitcoin$2.48m
BSC$951,270.99
Bitcoincash$198,795.11
Litecoin$191,140.63
Avalanche$177,259.81
Doge$143,256.96
Tron$100,662.21
Terra Classic$56,158.55
CosmosHub$54,237.12
Thorchain$54,172.01
XRPL$37,473.6
Base$27,704.84
Solana$1,279.38
Holders Revenue (Annualized)$697,356
Holders Revenue 30d$43,970
Ethereum$18,812
Bitcoin$13,499
Tron$4,821.87
Litecoin$3,072.59
Bitcoincash$2,090.13
XRPL$721.09
Doge$380.77
Avalanche$305.03
Thorchain$187.89
CosmosHub$51.75
Base$20.3
Solana$6.62
BSC$0
Holders Revenue 7d$12,590
Ethereum$5,693
Bitcoin$4,825
Litecoin$928.24
Tron$653.87
Bitcoincash$226.57
Doge$95.82
Avalanche$89.5
XRPL$40.9
Thorchain$22.99
CosmosHub$15.04
Base$0
BSC$0
Solana$0
Holders Revenue 24h$2,386
Ethereum$1,040
Bitcoin$956
Litecoin$237
Tron$97
XRPL$22
Avalanche$12
Bitcoincash$11
Doge$5.5
CosmosHub$3.07
Thorchain$2.46
Base$0
BSC$0
Solana$0
Cumulative Holders Revenue$2.39m
Ethereum$1.17m
Bitcoin$764,252
BSC$122,110.86
Avalanche$68,908.01
Bitcoincash$68,527.8
Litecoin$60,059.13
Doge$54,771.82
Thorchain$23,262.05
Tron$14,869.83
CosmosHub$14,458.3
XRPL$13,007.16
Base$9,868.62
Solana$348.6
Terra Classic$0
Incentives 1y$0.43
$0.43
$0.43
$0.43
$166.55m
Earnings (Annualized)$2.18m
$133,248.57
$38,030.57
$7,167.57
-$158.42m
DEX Volume 30d$781.43m
DEX Volume 30d by chain
Thorchain$781.43m
DEX Volume 7d$226.7m
Thorchain$226.7m
DEX Volume 24h$45.07m
Thorchain$45.07m
Cumulative DEX Volume$124.167b
Thorchain$124.167b
Market Cap$144.88m
$RUNE Price$0.43
$151.69m
$144.91m
$RUNE Volume 24h$8.34m
CEX Volume$4.25m
DEX Volume$7.66m(91.89% 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 $53.95m in total value locked. TVL has increased 9.6% 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 $1.08m in fees. Of that, $133,249 was protocol revenue. Based on the trailing year, the annualized rate is $22.99m in fees and $2.18m in revenue.
What is the RUNE token price and valuation?
RUNE is currently trading at $0.43. Its circulating market capitalization is $144.88m, ranking it #276. Its fully diluted valuation is $151.69m. Supply currently stands at 338.17m circulating, 354.08m total supply, 354.08m maximum supply.
How has RUNE performed recently?
RUNE is up 2.3% over the past 7 days and up 10.4% over the past 30 days. Its all-time high is $20.87, reached on May 19, 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 $11.15b across 1,577 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 $781.43m 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.
