Ask about THORChain DEX
Total Value Locked$55.85m
TVL by Chain
THORChain$28.55m
Bitcoin$12.9m
Ethereum$8.67m
BSC$1.52m
Bitcoincash$1.1m
Doge$847,437.64
Avalanche$761,564.6
Litecoin$511,631.62
XRPL$483,925.78
Tron$279,898.93
CosmosHub$119,729.31
Solana$54,643.99
Base$51,068.51
Key Metrics
Fees 30d$1.38m
Fees 30d by chain
Ethereum$540,376
Bitcoin$402,837
THORChain$273,211
Tron$68,436
Litecoin$46,832.01
XRPL$11,729.78
Avalanche$9,991.87
BSC$9,586
Bitcoincash$9,147.85
Doge$8,201.14
Base$1,159.56
CosmosHub$1,118.74
Solana$87.43
Fees 7d$592,673
Ethereum$291,756
Bitcoin$217,840
THORChain$35,334
Litecoin$16,943
BSC$7,113
Tron$6,622
Avalanche$5,050
XRPL$4,184
Bitcoincash$4,087
Doge$3,072
Base$589.56
Solana$82
CosmosHub$0
Fees 24h$93,852
Ethereum$38,531
Bitcoin$33,247
THORChain$19,630
Tron$772
BSC$438
Bitcoincash$331
Litecoin$285
Avalanche$218
Doge$168
XRPL$84
Solana$82
Base$66
CosmosHub$0
Cumulative Fees$171.26m
Ethereum$58.88m
THORChain$49.63m
Bitcoin$32.62m
BSC$16.99m
Litecoin$2.8m
Avalanche$2.76m
Bitcoincash$2.51m
Doge$2.17m
Terra Classic$1.12m
CosmosHub$833,363.19
Tron$452,666
XRPL$284,154.63
Base$206,706.5
Solana$7,447.07
Revenue 30d$167,413.47
Revenue 30d by chain
Ethereum$81,115.23
Bitcoin$60,794.14
Tron$10,220.07
Litecoin$7,232.5
XRPL$1,750.64
Avalanche$1,536.43
BSC$1,422
Bitcoincash$1,397.88
Doge$1,232.68
THORChain$351.4
Base$175.71
CosmosHub$170.74
Solana$12.79
Revenue 7d$82,861
Ethereum$43,367
Bitcoin$32,359
Litecoin$2,515
BSC$1,056
Tron$972
Avalanche$752.15
XRPL$620.66
Bitcoincash$606
Doge$456
Base$88.02
THORChain$57.46
Solana$12
CosmosHub$0
Revenue 24h$11,010
Ethereum$5,700
Bitcoin$4,924
Tron$114
BSC$65
Bitcoincash$49
Litecoin$42
Avalanche$32
Doge$25
THORChain$25
Solana$12
XRPL$12
Base$9.85
CosmosHub$0
Cumulative Revenue$8.34m
Ethereum$3.76m
Bitcoin$2.56m
BSC$952,692.99
Litecoin$201,265.13
Bitcoincash$200,387.43
Avalanche$179,042.14
Doge$144,590.21
Tron$114,612.28
Terra Classic$56,158.55
THORChain$54,651.71
CosmosHub$54,442.98
XRPL$39,514.51
Base$27,880.55
Solana$1,292.17
Holders Revenue 30d$54,626
Holders Revenue 30d by chain
Ethereum$26,587
Bitcoin$19,770
Tron$3,354.18
Litecoin$2,288.46
XRPL$578.86
Avalanche$490.21
BSC$472.66
Bitcoincash$448.85
Doge$404.99
THORChain$113.46
Base$57.02
CosmosHub$54.86
Solana$4.38
Holders Revenue 7d$27,619
Ethereum$14,454
Bitcoin$10,784
Litecoin$839
BSC$351.73
Tron$324.2
Avalanche$250.72
XRPL$208.22
Bitcoincash$202.09
Doge$152.15
Base$29.2
THORChain$18.95
Solana$4.12
CosmosHub$0
Holders Revenue 24h$3,670
Ethereum$1,900
Bitcoin$1,641
Tron$38
BSC$22
Bitcoincash$16
Litecoin$14
Avalanche$11
THORChain$8.3
Doge$8.28
XRPL$4.13
Solana$4.12
Base$3.28
CosmosHub$0
Cumulative Holders Revenue$2.45m
Ethereum$1.2m
Bitcoin$789,014
BSC$122,583.52
Avalanche$69,479.01
Bitcoincash$69,041.78
Litecoin$63,302.8
Doge$55,210.39
THORChain$23,417.62
Tron$19,466.01
CosmosHub$14,524.88
XRPL$13,681.86
Base$9,925.64
Solana$352.98
Terra Classic$0
Incentives 1y$0.51
$0.51
$0.51
$0.51
$166.55m
Earnings (Annualized)$2.15m
$167,412.96
$82,860.49
$11,009.49
-$158.21m
DEX Volume 30d$1.004b
DEX Volume 30d by chain
THORChain$1.004b
DEX Volume 7d$503.32m
THORChain$503.32m
DEX Volume 24h$76.26m
THORChain$76.26m
Cumulative DEX Volume$125.412b
THORChain$125.412b
Market Cap$169.7m
$RUNE Price$0.52
$182.75m
$174.59m
$RUNE Volume 24h$5.97m
CEX Volume$3.7m
DEX Volume$4.55m(76.2% 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 $55.85m in total value locked. TVL has increased 4.1% 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 51.1%.
How much has THORChain DEX generated in fees and revenue?
Over the past 30 days, THORChain DEX generated $1.38m in fees. Of that, $167,413.47 was protocol revenue. Based on the trailing year, the annualized rate is $20.69m in fees and $2.15m in revenue.
What is the RUNE token price and valuation?
RUNE is currently trading at $0.52. Its circulating market capitalization is $170.63m, ranking it #275. Its fully diluted valuation is $183.75m. Supply currently stands at 328.67m circulating, 353.94m total supply, 353.94m maximum supply.
How has RUNE performed recently?
RUNE is up 5.6% over the past 7 days and up 22.5% over the past 30 days. Its all-time high is $20.87, reached on May 18, 2021. The token is currently 97.5% 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 $13.327b across 1,933 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 WOOFi Swap.
How much trading volume does THORChain DEX process?
THORChain DEX processed $1.004b 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.