Total Value Locked$54.76m
TVL by Chain
THORChain$27.87m
Bitcoin$12.71m
Ethereum$8.47m
BSC$1.49m
Bitcoincash$1.14m
Doge$853,510.38
Avalanche$764,681.35
Litecoin$497,446.46
XRPL$481,156.32
Tron$232,253.56
CosmosHub$137,662.38
Solana$52,103.79
Base$49,933.51
Key Metrics
Fees 30d$940,745
Fees 30d by chain
Ethereum$318,448
THORChain$245,247
Bitcoin$238,147
Tron$72,653
Litecoin$33,389.01
XRPL$8,459.78
Bitcoincash$6,404.85
Doge$6,101.14
Avalanche$6,028.87
BSC$4,011
CosmosHub$1,155.74
Base$694.56
Solana$5.43
Fees 7d$244,611
Ethereum$86,802
THORChain$74,937
Bitcoin$65,883
Tron$5,086
Litecoin$5,032
BSC$2,087
Bitcoincash$1,583
Doge$1,075
XRPL$982
Avalanche$866
Base$243.56
CosmosHub$34
Solana$0
Fees 24h$50,745
Ethereum$24,931
Bitcoin$18,615
THORChain$3,414
Tron$1,260
Litecoin$627
BSC$532
Bitcoincash$453
Avalanche$309
Doge$306
XRPL$235
Base$63
CosmosHub$0
Solana$0
Cumulative Fees$170.77m
Ethereum$58.64m
THORChain$49.6m
Bitcoin$32.44m
BSC$16.99m
Litecoin$2.78m
Avalanche$2.75m
Bitcoincash$2.51m
Doge$2.16m
Terra Classic$1.12m
CosmosHub$833,363.19
Tron$448,958
XRPL$280,604.63
Base$206,241.5
Solana$7,365.07
Revenue 30d$105,804.47
Revenue 30d by chain
Ethereum$48,080.23
Bitcoin$36,306.14
Tron$10,857.07
Litecoin$5,224.5
XRPL$1,263.24
Bitcoincash$989.14
Avalanche$945.43
Doge$918.64
BSC$590
THORChain$345.72
CosmosHub$176.26
Base$105.86
Solana$0.79
Revenue 7d$24,910
Ethereum$12,746
Bitcoin$9,654
Tron$733
Litecoin$726
BSC$304
Bitcoincash$231
Doge$157.39
XRPL$141.43
Avalanche$126.92
THORChain$50.28
Base$35.48
CosmosHub$4.92
Solana$0
Revenue 24h$6,985
Ethereum$3,671
Bitcoin$2,740
Tron$185
Litecoin$92
BSC$78
Bitcoincash$67
Avalanche$46
Doge$45
XRPL$35
THORChain$17
Base$9.29
CosmosHub$0
Solana$0
Cumulative Revenue$8.28m
Ethereum$3.72m
Bitcoin$2.53m
BSC$951,860.99
Bitcoincash$199,955.43
Litecoin$199,083.13
Avalanche$178,395.14
Doge$144,247.21
Tron$114,060.28
Terra Classic$56,158.55
THORChain$54,617.89
CosmosHub$54,442.98
XRPL$38,984.51
Base$27,810.7
Solana$1,280.17
Holders Revenue 30d$34,088
Holders Revenue 30d by chain
Ethereum$15,575
Bitcoin$11,608
Tron$3,566.18
Litecoin$1,619.32
XRPL$415.59
Bitcoincash$312.6
Doge$300.58
Avalanche$292.73
BSC$195.66
THORChain$111.67
CosmosHub$56.7
Base$33.87
Solana$0.26
Holders Revenue 7d$8,298
Ethereum$4,244
Bitcoin$3,214
Tron$245.2
Litecoin$242.71
BSC$101.63
Bitcoincash$77.15
Doge$52.35
XRPL$47.86
Avalanche$41.96
THORChain$16.72
Base$11.81
CosmosHub$1.64
Solana$0
Holders Revenue 24h$2,326
Ethereum$1,222
Bitcoin$912
Tron$62
Litecoin$31
BSC$26
Bitcoincash$22
Avalanche$15
Doge$15
XRPL$12
THORChain$5.52
Base$3.09
CosmosHub$0
Solana$0
Cumulative Holders Revenue$2.43m
Ethereum$1.19m
Bitcoin$779,995
BSC$122,306.52
Avalanche$69,263.01
Bitcoincash$68,897.78
Litecoin$62,575.8
Doge$55,096.11
THORChain$23,406.39
Tron$19,282.01
CosmosHub$14,524.88
XRPL$13,504.69
Base$9,902.49
Solana$348.86
Terra Classic$0
Incentives 1y$0.49
$0.49
$0.49
$0.49
$166.55m
Earnings (Annualized)$2.11m
$105,803.98
$24,909.51
$6,984.51
-$158.28m
DEX Volume 30d$635.67m
DEX Volume 30d by chain
THORChain$635.67m
DEX Volume 7d$157.29m
THORChain$157.29m
DEX Volume 24h$44.12m
THORChain$44.12m
Cumulative DEX Volume$124.999b
THORChain$124.999b
Market Cap$159.75m
$RUNE Price$0.49
$172.03m
$164.35m
$RUNE Volume 24h$67.87m
CEX Volume$4.38m
DEX Volume$64.18m(94.57% 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 $54.76m in total value locked. TVL has decreased 0.2% 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 50.9%.
How much has THORChain DEX generated in fees and revenue?
Over the past 30 days, THORChain DEX generated $940,745 in fees. Of that, $105,804.47 was protocol revenue. Based on the trailing year, the annualized rate is $20.57m in fees and $2.11m in revenue.
What is the RUNE token price and valuation?
RUNE is currently trading at $0.49. Its circulating market capitalization is $159.75m, ranking it #298. Its fully diluted valuation is $172.03m. Supply currently stands at 328.71m circulating, 353.98m total supply, 353.98m maximum supply.
How has RUNE performed recently?
RUNE is up 2.6% over the past 7 days and up 13.4% over the past 30 days. Its all-time high is $20.87, reached on May 18, 2021. The token is currently 97.7% 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 $13.404b across 1,930 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 $635.67m 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.