Total Value Locked$54.8m
TVL by Chain
THORChain$28.02m
Bitcoin$12.66m
Ethereum$8.52m
BSC$1.48m
Bitcoincash$1.08m
Doge$828,919.89
Avalanche$748,666.98
Litecoin$495,300.98
XRPL$471,280.57
Tron$271,038.51
CosmosHub$126,384.73
Base$50,375.99
Solana$50,048.11
Key Metrics
Fees 30d$1.3m
Fees 30d by chain
Ethereum$505,104
Bitcoin$373,792
THORChain$253,731
Tron$70,170
Litecoin$46,644.01
XRPL$11,709.78
Avalanche$9,926.87
BSC$9,148
Bitcoincash$8,878.85
Doge$8,122.14
CosmosHub$1,129.74
Base$1,093.56
Solana$5.43
Fees 7d$515,256
Ethereum$261,627
Bitcoin$190,159
THORChain$17,131
Litecoin$16,797
BSC$6,804
Tron$6,306
Avalanche$4,872
XRPL$4,153
Bitcoincash$3,880
Doge$2,976
Base$550.56
CosmosHub$0
Solana$0
Fees 24h$340,331
Ethereum$177,994
Bitcoin$127,034
Litecoin$9,886
THORChain$7,367
BSC$4,722
Avalanche$3,783
XRPL$3,303
Bitcoincash$2,148
Tron$1,914
Doge$1,859
Base$321
CosmosHub$0
Solana$0
Cumulative Fees$171.17m
Ethereum$58.84m
THORChain$49.61m
Bitcoin$32.59m
BSC$16.99m
Litecoin$2.8m
Avalanche$2.76m
Bitcoincash$2.51m
Doge$2.16m
Terra Classic$1.12m
CosmosHub$833,363.19
Tron$451,894
XRPL$284,070.63
Base$206,640.5
Solana$7,365.07
Revenue 30d$157,979.47
Revenue 30d by chain
Ethereum$75,903.23
Bitcoin$56,499.14
Tron$10,482.07
Litecoin$7,205.5
XRPL$1,748.24
Avalanche$1,527.43
Bitcoincash$1,358.23
BSC$1,357
Doge$1,220.68
THORChain$337.4
CosmosHub$172.34
Base$165.86
Solana$0.79
Revenue 7d$74,064
Ethereum$38,909
Bitcoin$28,253
Litecoin$2,493
BSC$1,010
Tron$923
Avalanche$725.94
XRPL$616.43
Bitcoincash$575
Doge$442
Base$82.14
THORChain$35.3
CosmosHub$0
Solana$0
Revenue 24h$49,711
Ethereum$26,577
Bitcoin$18,951
Litecoin$1,480
BSC$706
Avalanche$566
XRPL$494
Bitcoincash$321
Tron$286
Doge$278
Base$48
THORChain$3.77
CosmosHub$0
Solana$0
Cumulative Revenue$8.33m
Ethereum$3.75m
Bitcoin$2.55m
BSC$952,627.99
Litecoin$201,223.13
Bitcoincash$200,338.43
Avalanche$179,010.14
Doge$144,565.21
Tron$114,498.28
Terra Classic$56,158.55
THORChain$54,626.71
CosmosHub$54,442.98
XRPL$39,502.51
Base$27,870.7
Solana$1,280.17
Holders Revenue 30d$51,480
Holders Revenue 30d by chain
Ethereum$24,849
Bitcoin$18,339
Tron$3,441.18
Litecoin$2,279.32
XRPL$577.92
Avalanche$486.83
BSC$450.66
Bitcoincash$435.97
Doge$401.15
THORChain$108.75
CosmosHub$55.39
Base$53.74
Solana$0.26
Holders Revenue 7d$24,688
Ethereum$12,968
Bitcoin$9,416
Litecoin$831.82
BSC$336.05
Tron$308.2
Avalanche$241.65
XRPL$206.68
Bitcoincash$192.15
Doge$147.41
Base$27.24
THORChain$11.6
CosmosHub$0
Solana$0
Holders Revenue 24h$16,570
Ethereum$8,859
Bitcoin$6,317
Litecoin$493
BSC$235
Avalanche$189
XRPL$165
Bitcoincash$107
Tron$95
Doge$93
Base$16
THORChain$1.25
CosmosHub$0
Solana$0
Cumulative Holders Revenue$2.45m
Ethereum$1.2m
Bitcoin$787,373
BSC$122,561.52
Avalanche$69,468.01
Bitcoincash$69,025.78
Litecoin$63,288.8
Doge$55,202.11
THORChain$23,409.32
Tron$19,428.01
CosmosHub$14,524.88
XRPL$13,677.73
Base$9,922.36
Solana$348.86
Terra Classic$0
Incentives 1y$0.51
$0.51
$0.51
$0.51
$166.55m
Earnings (Annualized)$2.15m
$157,978.96
$74,063.49
$49,710.49
-$158.22m
DEX Volume 30d$937.67m
DEX Volume 30d by chain
THORChain$937.67m
DEX Volume 7d$439.21m
THORChain$439.21m
DEX Volume 24h$286.11m
THORChain$286.11m
Cumulative DEX Volume$125.336b
THORChain$125.336b
Market Cap$162.77m
$RUNE Price$0.5
$175.29m
$167.6m
$RUNE Volume 24h$20.4m
CEX Volume$14.27m
DEX Volume$8.09m(39.68% 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 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 $54.8m in total value locked. TVL has increased 1.6% 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 51.1%.
How much has THORChain DEX generated in fees and revenue?
Over the past 30 days, THORChain DEX generated $1.3m in fees. Of that, $157,979.47 was protocol revenue. Based on the trailing year, the annualized rate is $20.79m in fees and $2.15m in revenue.
What is the RUNE token price and valuation?
RUNE is currently trading at $0.5. Its circulating market capitalization is $162.77m, ranking it #284. Its fully diluted valuation is $175.29m. Supply currently stands at 328.67m circulating, 353.94m total supply, 353.94m maximum supply.
How has RUNE performed recently?
RUNE is up 2.6% over the past 7 days and up 17.1% over the past 30 days. Its all-time high is $20.87, reached on May 18, 2021. The token is currently 97.6% 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 $13.075b across 1,933 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 $937.67m 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.