What is THORChain?
THORChain is a decentralized liquidity protocol that allows users to swap assets in a permissionless setting. It enables the exchange of native layer-1 assets like BTC by acting as a vault manager. THORChain is also described as a cross-chain cryptocurrency exchange in the DeFi space that allows for native asset swaps without the need for wrapping or intermediaries.
THORChain goals
The purpose of THORChain is to enable seamless cryptocurrency swaps between blockchains without the need for wrapping tokens. Its main purpose is to enable the seamless swapping of Layer 1 cryptocurrency coins with one another in a hassle-free, fully decentralized, and permissionless setting. THORChain's mission is to provide liquidity to the cryptocurrency market with a focus on interoperability.
Marketcap
$1.332B
Total number of THORChain
416579304 RUNE
THORChain technology
THORChain uses Tendermint and Cosmos-SDK to secure its network. It is built using the Cosmos SDK and operates as a Layer 1 blockchain protocol. THORChain enables the exchange of assets across disparate blockchains in a non-custodial manner.
THORChain competitors
THORChain differentiates itself from competitors by enabling the exchange of native layer-1 assets without the need for wrapping or intermediaries. Its use of Tendermint and Cosmos-SDK also provides a secure and decentralized environment for asset swaps. However, the specific competitive advantages and market comparison are not clear.
THORChain price history
Frequently asked questions
The native token of THORChain is RUNE.
The main purpose of THORChain is to enable the seamless swapping of Layer 1 cryptocurrency coins with one another in a hassle-free, fully decentralized, and permissionless setting.
THORChain enables the exchange of native layer-1 assets like BTC by acting as a vault manager.
THORChain's mission is to provide liquidity to the cryptocurrency market with a focus on interoperability.
THORChain uses Tendermint and Cosmos-SDK to secure its network and is built using the Cosmos SDK.
THORChain is a decentralized cross-chain liquidity protocol and a decentralized exchange (DEX)
THORChain uses the automated market maker (AMM) model.
One of the advantages of THORChain is that it allows for native asset swaps without the need for wrapping or intermediaries.
The native token RUNE has various use cases within the THORChain ecosystem and incentivizes user interaction.
Automated strategies for crypto investors
Drakkar-Software - 15 rue des halles, 75001, Paris, France
Drakkar-Software © 2021-2025 Copyright. All rights reserved.