Coins: 10053 Exchanges: 946 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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THORChain price

THORChain Price (RUNE)

$4.69

0.93%
Rank #76

THORChain Price Chart (RUNE/USD)

Last updated 16 Jun 2024, 22:35PM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance RUNE / USDT $0.95266500 0.10% $2,128,518
2 Binance RUNE / BUSD $1.00 0.20% $1,350,607
3 AscendEX (BitMax) RUNE / USDT $0.93574500 0.43% $918,816
4 Binance RUNE / ETH $1.28 0.09% $485,941
5 Binance RUNE / EUR $1.56 0.25% $479,546
6 Binance RUNE / BNB $1.56 0.17% $361,313
7 CoinTiger RUNE / USDT $1.75 0.02% $267,045
8 HitBTC RUNE / BTC $1.46 0.39% $176,668
9 Bitget RUNE / USDT $0.95549600 0.13% $160,488
10 Binance RUNE / BTC $1.18 0.14% $148,745
11 Deepcoin RUNE / USDT $0.94019400 0.42% $106,223
12 Bitazza RUNE / USDT $0.94635600 0.53% $93,156
13 Binance RUNE / TRY $1.61 0.40% $91,885
14 BingX RUNE / USDT $0.94214400 0.95% $91,646
15 KuCoin RUNE / USDT $0.94077500 0.14% $64,550
16 MEXC Global RUNE / USDT $0.94077300 1.37% $52,210
17 Binance RUNE / GBP $1.57 0.27% $51,943
18 Crypto.com Exchange RUNE / BTC $1.42 0.40% $21,853
19 Kraken RUNE / USD $0.93700000 1.05% $20,374
20 Bitvavo RUNE / EUR $0.94215400 0.20% $19,915
21 Bitazza RUNE / THB $0.94162900 0.71% $18,437
22 Gate.io RUNE / USDT $0.93961800 0.21% $17,615
23 KuCoin RUNE / USDC $1.28 0.23% $15,619
24 KuCoin RUNE / BTC $1.77 0.09% $14,134
25 Pionex RUNE / BTC $0.98733700 0.43% $13,677
26 Crypto.com Exchange RUNE / USDT $0.94617500 0.32% $11,144
27 Zipmex RUNE / THB $2.08 0.81% $10,262
28 Crypto.com Exchange RUNE / USDC $1.58 0.06% $8,881
29 Bybit (Spot) RUNE / USDT $0.95323400 0.31% $8,870
30 Gate.io RUNE / ETH $0.93929000 0.62% $6,746
31 CoinEx RUNE / BTC $0.85142100 0.60% $6,386
32 Crypto.com Exchange RUNE / USD $0.93950000 1.16% $5,110
33 Nominex RUNE / BNB $1.05 0.23% $4,547
34 Zipmex RUNE / SGD $2.07 1.19% $4,198
35 Zipmex RUNE / AUD $2.08 1.19% $4,008
36 Zipmex RUNE / USD $2.08 1.17% $3,858
37 Nominex RUNE / BTC $1.04 0.29% $3,358
38 Nominex RUNE / ETH $1.47 0.12% $3,240
39 CoinEx RUNE / USDT $1.02 0.57% $2,416
40 Gate.io RUNE / USD $1.57 0.27% $2,272
41 CoinDCX RUNE / INR $0.99676100 2.22% $2,156
42 Kraken RUNE / EUR $0.94429100 1.50% $1,718
43 Hotbit RUNE / USDT $0.53155100 3.67% $799
44 Bancor Network RUNE / BNT $2.46 0.62% $605
45 Nominex RUNE / TRY $1.53 0.35% $513
46 WazirX RUNE / INR $0.99676100 1.20% $492
47 Zipmex RUNE / IDR $2.07 1.18% $424
48 Zipmex RUNE / USDT $2.07 1.37% $397
49 ProBit Global RUNE / USDT $0.95623200 1.64% $40
50 ProBit Global RUNE / BTC $0.92855100 1.27% $20

RUNE Price Statistics

$5
24H Range
$5
  • THORChain Price Now $5
  • 24h Low / 24h High $5 / $5
  • Trading Volume $94,349,724
  • Market Cap Rank #68
  • Market Cap $1,568,386,491
  • Volume / Market Cap 0.0602
  • All-Time High $21 -77.57%
    May 19, 2021
  • All-Time Low $0 54,876.61%
    Sep 28, 2019


THORChain: Revolutionizing Cryptocurrency Interoperability


Introduction


Cryptocurrencies have taken the financial world by storm, offering new and improved ways of conducting transactions securely and efficiently. However, one significant challenge that the crypto community faces is the lack of interoperability between different blockchain networks. This is where THORChain enters the scene, aiming to bridge the gap between cryptocurrencies and enable seamless communication and transactions across multiple blockchains.


What is THORChain?


THORChain is an innovative decentralized liquidity protocol that runs on the blockchain. It serves as a bridge between various cryptocurrencies, allowing users to swap assets from one blockchain network to another directly. By eliminating the need for third-party intermediaries, THORChain offers faster and more cost-effective cross-chain transactions.


How does THORChain work?


THORChain operates on a unique algorithm called Continuous Liquidity Pools (CLP), which facilitates asset swaps in a decentralized manner. CLP maintains liquidity by using arbitrage, ensuring that the prices quoted are accurate and creating a fair market for users.


When a user wants to swap one cryptocurrency for another, THORChain identifies the necessary liquidity pools and uses smart contracts to complete the transaction. These liquidity pools consist of funds provided by liquidity providers who earn fees for offering liquidity to the network. The funds are locked and collateralized, ensuring the security and integrity of the system.


THORChain also utilizes its native token, RUNE, to facilitate transactions and incentivize network participation. RUNE is used as the medium of exchange and can be staked by liquidity providers to earn additional rewards.


Benefits of THORChain


1. Interoperability: THORChain allows cryptocurrencies to interact and work seamlessly across various blockchain networks, fostering cross-chain collaboration and improving overall efficiency.
2. Liquidity: With the help of liquidity providers, THORChain ensures that there is sufficient liquidity available for users to swap assets without the risk of losing value due to slippage.
3. Security: THORChain's trustless and decentralized nature ensures the security of transactions and reduces the risk of hacks or manipulation.
4. Cost-Efficiency: By eliminating intermediaries, THORChain minimizes transaction fees and enables users to conduct transactions at a lower cost compared to traditional methods.


Conclusion


THORChain is an innovative project aiming to solve the interoperability issues in the world of cryptocurrencies. By providing a decentralized liquidity protocol, THORChain enables seamless cross-chain transactions, making it easier for users to navigate across different blockchain networks. With its unique algorithm and emphasis on security, THORChain has the potential to revolutionize the way cryptocurrencies operate.