Ask about THORChain DEX
THORChain DEX(RUNE)
Total Value Locked$73.54m
TVL by Chain
THORChain$37.52m
Bitcoin$16.82m
Ethereum$11.1m
BSC$2.02m
Bitcoincash$1.59m
Avalanche$1.12m
Doge$1.09m
XRPL$891,184
Litecoin$711,283
Tron$376,716
CosmosHub$152,803
Base$84,240
Solana$63,358
Key Metrics
Fees 30d$3.49m
Fees 30d by chain
Bitcoin$993,106
Ethereum$986,071
XRPL$772,005
THORChain$511,148
Litecoin$67,899
BSC$49,721
Tron$42,132
Bitcoincash$24,886
Avalanche$19,579
Doge$11,573
Base$11,086
CosmosHub$5,250
Solana$301
Fees 7d$2.22m
XRPL$744,944
Bitcoin$617,029
Ethereum$473,060
THORChain$264,538
BSC$37,698
Litecoin$21,447
Tron$15,303
Bitcoincash$12,524
Avalanche$10,129
Base$9,932
Doge$5,715
CosmosHub$4,854
Solana$0
Fees 24h$345,904
Ethereum$137,793
Bitcoin$117,142
THORChain$73,349
XRPL$4,039
Litecoin$3,781
Bitcoincash$3,039
Tron$2,633
BSC$1,550
Avalanche$1,139
Base$835
Doge$467
CosmosHub$137
Solana$0
Cumulative Fees$173.85m
Ethereum$59.5m
THORChain$49.95m
Bitcoin$33.33m
BSC$17.03m
Litecoin$2.83m
Avalanche$2.77m
Bitcoincash$2.53m
Doge$2.17m
Terra Classic$1.12m
XRPL$1.05m
CosmosHub$838,443
Tron$483,638
Base$217,020
Solana$7,666
Revenue 30d$971,563
Revenue 30d by chain
Bitcoin$324,665
Ethereum$320,304
XRPL$250,430
Litecoin$21,918
BSC$16,674
Tron$13,254
Bitcoincash$8,041
Avalanche$6,496
Doge$3,890
Base$3,521
CosmosHub$1,621
THORChain$652.48
Solana$96
Revenue 7d$634,695
XRPL$241,962
Bitcoin$201,552
Ethereum$152,300
BSC$12,737
Litecoin$6,901
Tron$4,884
Bitcoincash$4,108
Avalanche$3,383
Base$3,146
Doge$1,976
CosmosHub$1,520
THORChain$226.02
Solana$0
Revenue 24h$84,052
Ethereum$42,486
Bitcoin$36,106
XRPL$1,245
Litecoin$1,168
Bitcoincash$938
Tron$813
BSC$479
Avalanche$352
Base$258
Doge$144
CosmosHub$42
THORChain$21
Solana$0
Cumulative Revenue$9.21m
Ethereum$4.02m
Bitcoin$2.84m
BSC$968,155
XRPL$289,239
Litecoin$218,699
Bitcoincash$207,719
Avalanche$184,660
Doge$147,958
Tron$126,233
Terra Classic$56,159
CosmosHub$56,039
THORChain$55,211
Base$31,287
Solana$1,376
Holders Revenue 30d$57,661
Holders Revenue 30d by chain
Ethereum$24,252
Bitcoin$20,824
XRPL$7,727
Litecoin$1,862
Tron$843.14
BSC$799.42
Bitcoincash$430.60
Avalanche$425.39
Doge$249.78
Base$139.31
CosmosHub$59.04
THORChain$44.48
Solana$6.27
Holders Revenue 7d$19,005
XRPL$7,270
Bitcoin$5,982
Ethereum$4,615
BSC$358
Litecoin$210
Tron$148.62
Bitcoincash$120
Base$97.50
Avalanche$97
Doge$52.88
CosmosHub$48.74
THORChain$6.68
Solana$0
Holders Revenue 24h$2,711
Ethereum$1,371
Bitcoin$1,165
XRPL$40
Litecoin$38
Bitcoincash$30
Tron$26
BSC$15
Avalanche$11
Base$8.33
Doge$4.65
CosmosHub$1.36
THORChain$0.66
Solana$0
Cumulative Holders Revenue$2.48m
Ethereum$1.21m
Bitcoin$795,911
BSC$122,979
Avalanche$69,612
Bitcoincash$69,236
Litecoin$63,675
Doge$55,286
THORChain$23,431
XRPL$21,173
Tron$19,766
CosmosHub$14,576
Base$10,027
Solana$355.13
Terra Classic$0
Incentives 1y$0.80
$0.80
$0.80
$0.80
$166.55m
Earnings (Annualized)$2.94m
$971,562
$634,694
$84,051
-$157.34m
DEX Volume 30d$2.397b
DEX Volume 30d by chain
THORChain$2.397b
DEX Volume 7d$1.462b
THORChain$1.462b
DEX Volume 24h$255.74m
THORChain$255.74m
Cumulative DEX Volume$127.158b
THORChain$127.158b
Market Cap$260.59m
$RUNE Price$0.79
$280.66m
$268.08m
$RUNE Volume 24h$65.49m
CEX Volume$21.15m
DEX Volume$45.04m(68.77% 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 $73.54m in total value locked. TVL has increased 37.1% 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 $3.49m in fees. Of that, $971,563 was protocol revenue. Based on the trailing year, the annualized rate is $21.79m in fees and $2.94m in revenue.
What is the RUNE token price and valuation?
RUNE is currently trading at $0.80. Its circulating market capitalization is $262.75m, ranking it #230. Its fully diluted valuation is $282.99m. Supply currently stands at 328.59m circulating, 353.91m total supply, 353.91m maximum supply.
How has RUNE performed recently?
RUNE is up 30.3% over the past 7 days and up 65.5% over the past 30 days. Its all-time high is $20.87, reached on May 18, 2021. The token is currently 96.2% 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 $14.651b across 1,918 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 $2.397b 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.