With the recent surge in the native token, RUNE, the THORChain ecosystem is buzzing with enthusiasm. The uptick in RUNE not only reflects a surge in interest but also underscores a burgeoning confidence in the project.
This positive momentum is intricately tied to the ecosystem’s ongoing development. Examining the coin’s performance over the past week, there are indications that this upward trajectory might persist.
At the time of writing, RUNE was trading at $6.09, up nearly 20% in the last 24 hours and tallied a commanding 83% rally in the last seven days, figures from Coingecko shows.
Source: Coingecko
THORChain Snags 3rd Spot In DEX Trade Volume
THORChain has recently jumped to third place among decentralized exchanges (DEX) in terms of trade volume and has quickly become a top native asset settlement protocol.
As an alternative liquidity layer for centralized exchanges (CEXs), the network has additionally contributed to its expansion.
Trading volume as of today reached an impressive $1.44 billion, which solidifies THORChain’s position as a big player in the cryptocurrency world.
DeFiLlama says that the protocol is now very close to industry leaders Uniswap and PancakeSwap, marking a significant milestone in its journey toward dominance.
Exciting developments abound for the token as THORChain’s third-quarter (Q3) 2023…
