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THORChain DEX(RUNE)
Total Value Locked$72.74m
TVL by Chain
THORChain$37.09m
Bitcoin$16.64m
Ethereum$10.97m
BSC$2m
Bitcoincash$1.58m
Avalanche$1.11m
Doge$1.07m
XRPL$882,643
Litecoin$712,263
Tron$373,898
CosmosHub$151,650
Base$82,547
Solana$64,675
Key Metrics
Fees 30d$3.37m
Fees 30d by chain
Bitcoin$979,018
Ethereum$966,679
XRPL$772,380
THORChain$387,923
Litecoin$75,911
BSC$52,454
Tron$45,682
Bitcoincash$36,239
Avalanche$20,475
Doge$12,628
Base$11,444
CosmosHub$5,356
Solana$301
Fees 7d$552,457
Ethereum$197,976
Bitcoin$170,319
THORChain$113,838
Litecoin$25,492
Bitcoincash$15,268
Tron$11,777
BSC$5,640
XRPL$5,222
Avalanche$2,932
Doge$2,167
Base$1,412
CosmosHub$414
Solana$0
Fees 24h$30,741
THORChain$10,349
Ethereum$8,040
Bitcoin$5,760
Bitcoincash$2,469
Tron$1,563
BSC$906
Doge$781
Litecoin$363
XRPL$210
Avalanche$190
Base$69
CosmosHub$41
Solana$0
Cumulative Fees$174.06m
Ethereum$59.56m
THORChain$49.99m
Bitcoin$33.39m
BSC$17.04m
Litecoin$2.86m
Avalanche$2.77m
Bitcoincash$2.54m
Doge$2.17m
Terra Classic$1.12m
XRPL$1.05m
CosmosHub$838,720
Tron$492,782
Base$217,597
Solana$7,666
Revenue 30d$970,386
Revenue 30d by chain
Bitcoin$320,739
Ethereum$314,754
XRPL$250,537
Litecoin$24,268
BSC$17,479
Tron$14,221
Bitcoincash$11,419
Avalanche$6,751
Doge$4,189
Base$3,626
CosmosHub$1,667
THORChain$638.44
Solana$96
Revenue 7d$133,873
Ethereum$60,479
Bitcoin$52,067
Litecoin$7,800
Bitcoincash$4,575
Tron$3,490
BSC$1,677
XRPL$1,600
Avalanche$891
Doge$642
Base$430
CosmosHub$124.53
THORChain$96.04
Solana$0
Revenue 24h$5,757
Ethereum$2,265
Bitcoin$1,648
Bitcoincash$703
Tron$417
BSC$249
Doge$222
Litecoin$104
XRPL$60
Avalanche$54
Base$20
CosmosHub$12
THORChain$2.76
Solana$0
Cumulative Revenue$9.26m
Ethereum$4.04m
Bitcoin$2.86m
BSC$969,353
XRPL$289,594
Litecoin$225,331
Bitcoincash$211,356
Avalanche$185,199
Doge$148,456
Tron$128,910
Terra Classic$56,159
CosmosHub$56,122
THORChain$55,286
Base$31,459
Solana$1,376
Holders Revenue 30d$50,973
Holders Revenue 30d by chain
Ethereum$20,975
Bitcoin$18,091
XRPL$7,699
Litecoin$1,407
BSC$771.90
Tron$663.71
Bitcoincash$505.67
Avalanche$399.32
Doge$235.11
Base$134.24
CosmosHub$53.40
THORChain$33.70
Solana$6.27
Holders Revenue 7d$4,314
Ethereum$1,950
Bitcoin$1,679
Litecoin$251.49
Bitcoincash$147.04
Tron$111.57
BSC$53.41
XRPL$51.41
Avalanche$28.35
Doge$20.69
Base$13.83
CosmosHub$4.03
THORChain$3.10
Solana$0
Holders Revenue 24h$185
Ethereum$73
Bitcoin$53
Bitcoincash$23
Tron$13
BSC$8.02
Doge$7.15
Litecoin$3.34
XRPL$1.95
Avalanche$1.75
Base$0.63
CosmosHub$0.38
THORChain$0.09
Solana$0
Cumulative Holders Revenue$2.48m
Ethereum$1.21m
Bitcoin$796,425
BSC$123,018
Avalanche$69,630
Bitcoincash$69,353
Litecoin$63,888
Doge$55,302
THORChain$23,434
XRPL$21,184
Tron$19,852
CosmosHub$14,578
Base$10,032
Solana$355.13
Terra Classic$0
Incentives 1y$0.76
$0.76
$0.76
$0.76
$166.55m
Earnings (Annualized)$2.93m
$970,385
$133,872
$5,756
-$157.29m
DEX Volume 30d$2.394b
DEX Volume 30d by chain
THORChain$2.394b
DEX Volume 7d$407.49m
THORChain$407.49m
DEX Volume 24h$19.82m
THORChain$19.82m
Cumulative DEX Volume$127.31b
THORChain$127.31b
Market Cap$252.64m
$RUNE Price$0.77
$272.1m
$259.9m
$RUNE Volume 24h$24.97m
CEX Volume$6.14m
DEX Volume$19.73m(79.01% 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 share of swap fees burned as RUNE (1% since 2026-09-12, 5% before) - value to all RUNE holders - plus protocol-kept income (outbound fees net of the gas reimbursed to nodes, slashing fees, developer fund, marketing fund and the 20% directed into protocol-owned liquidity). 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 share of swap fees burned as RUNE (1% since 2026-09-12, 5% before), 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 $72.74m in total value locked. TVL has increased 32.4% over the past 30 days.
What chains does THORChain DEX operate on?
THORChain DEX operates on 14 chains: THORChain, Bitcoin, Ethereum, BSC, and Bitcoincash and 9 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 $3.37m in fees. Of that, $970,386 was protocol revenue. Based on the trailing year, the annualized rate is $20.93m in fees and $2.93m in revenue.
What is the RUNE token price and valuation?
RUNE is currently trading at $0.76. Its circulating market capitalization is $250.99m, ranking it #240. Its fully diluted valuation is $270.33m. Supply currently stands at 328.59m circulating, 353.91m total supply, 353.91m maximum supply.
How has RUNE performed recently?
RUNE is down 0.9% over the past 7 days and up 58.5% over the past 30 days. Its all-time high is $20.87, reached on May 18, 2021. The token is currently 96.3% 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 $14.734b across 1,935 protocols, and THORChain DEX accounts for 0.5% 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 WOOFi Swap.
How much trading volume does THORChain DEX process?
THORChain DEX processed $2.394b 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.