THORChain
RUNELive. Code changed: 5 days ago. Machine-drafted, not yet checked by a person.
THORChain describes itself as an independent system that lets people trade cryptocurrencies directly across different blockchains. Of the 1 thing it promised, it delivered 0, 1 is still open (1 with no date); nothing dated is coming up. It trades at $0.5068, #193 of all coins by size, 98% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. Delivered 0 of 1, none late. Nothing dated ahead. #14 of 108 exchanges. Nothing to be careful of on the record.
Is it real?
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3 of 4
- ✓A real-world jobReal-world purpose: connecting chains
- ✓Real backingBacking: backed by Multicoin Capital; trades on Crypto.com, Kraken, Binance
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $166.9M, 25 times smaller than Uniswap, the biggest coin within reach doing the same thing (Decentralized Exchange (DEX))
Backed by Multicoin Capital
- Origin27 September 2019about about 6 yearsFrom CH (CoinGecko)thorchain.org, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode last changed 5 days ago
- BackingMulticoin CapitalInvestor tags from CoinGeckoListed on Crypto.com, Kraken, Binance, Bybit
- Standing on the record0 of 10 confirmed by outside news49 headlines last month149,581 people keep it on a CoinGecko watchlistNo corrections needed so far
It is already worth more than the typical coin in Decentralized Exchange (DEX) ($12.96M). To match the leader, Uniswap ($4.12B), its price would need to rise 2371%, to about $12.52.
Still to check
- 1 dated promises, none delivered yet
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
0 of 1
promises delivered, by the project's own pages
0 of those confirmed by an outside news report
Promises by the year they were due
delivered open past due
The project gives no dates for these, so there is no line to draw. What its pages say, in plain words:
Still open, undated (1)
- THORChain says it will add trading for Monero and Zcash…
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Connecting chains
9 coins we checked say they are for connecting chains, worth $3.3B together. #4 of 9 by worth.
Decentralized Exchange (DEX): this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
THORChain$166.9Mthis coin−2.6%93% out0 of 1 delivered
Uniswap$4.12B24.7× bigger, +$3.96B+4.3%, gap +6.962% outnone dated
Aster$1.85B11.1× bigger, +$1.69B−1.5%, gap +1.134% outno record
Pump.fun$1.68B10.1× bigger, +$1.51B−1.5%, gap +1.147% outnone dated
Lighter$1.1B6.6× bigger, +$930.09M−4.2%, gap −1.625% outno record
Jupiter$774.17M4.6× bigger, +$607.27M−1.1%, gap +1.533% outno record
PancakeSwap$729.25M4.4× bigger, +$562.35M−0.7%, gap +1.980% outno record
Curve DAO$543.04M3.3× bigger, +$376.14M−0.5%, gap +2.151% outnone dated
Decentralized Exchange (DEX): this coin next to Uniswap, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- THORChain says
- THORChain describes itself as an independent system that lets people trade cryptocurrencies directly across different blockchains.
- Uniswap says
- Uniswap Labs runs a platform for trading and using different crypto products in one place.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
THORChain describes itself as an independent system that lets people trade cryptocurrencies directly across different blockchains.
Its listing puts it this way: THORChain is the first decentralized exchange (DEX) to swap Bitcoin, and other UTXO chains, with Ethereum, and other EVM chains. All without using wrapped tokens.
Problem it says it solves: connecting chains. 25 coins we have checked say the same; together they are worth $24,850,209,563.
Where it trades: Crypto.com, Kraken, Binance, Bybit, KuCoin
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Decentralized Exchange (DEX): this coin next to the group's largest, Uniswap.
| THORChain | Uniswap | |
|---|---|---|
| Years trading | 7 years | 6 years |
| Major exchanges | 5 | 8 |
| Named backers | 1 | 5 |
| Headlines, last month | 49 | 117 |
| Promises delivered | 0 of 1 | no record |
What it says is different: THORChain is the first decentralized exchange (DEX) to swap Bitcoin, and other UTXO chains, with Ethereum, and other EVM chains. All without using wrapped tokens.
It is 4.0% the size of Uniswap. On the facts above it is behind on major exchanges, named backers. For that gap to close, the record would need deliveries showing up in its record. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $20.87 on 18 May 2021. Today is 2% of that.
93%
of all RUNE that will ever exist is already out in public hands: 328.66M coins.
7% (25.28M coins) is already created but not in public hands, held by the project or locked in escrow. That is a small share. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Perks on its own exchange
Fee discounts and access on the exchange that issued it. Its demand follows that exchange.
- Fee discounts and access on the exchange that issued it
- Can be staked to earn a share of network rewards
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 328.66M of 353.94M.
- 25.28Mcoins still to be released, 7% of the maximum. Releases can add selling pressure.
- 1.1×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $20.87 on 18 May 2021. That is −97.6% from the top.
- #193by market cap, $166,901,595.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $30.47M is locked in apps built on it right now
- Users paid $7.35K in fees to use it in the last 30 days, $7.35K of that kept by the network
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Headlines per day, last 30 days
49 headlines named this coin in the last month.
What they were about
- Hack29
- Upgrade11
- Price8
- Stablecoin2
- Unlock2
- Thorchain Opens $10M Compensation Portal After Multichain Exploit Drains Four Networks
- Ledger CTO Flags MPC Risk After THORChain's $10.8M Vault Hit
- KelpDAO Exploiter Routes 75,700 ETH To Bitcoin, Fuels $800M THORChain Surge
- KelpDAO Exploiter Routes 75,700 ETH To Bitcoin, Fuels $800M THORChain Surge
- IoTeX Bridge Hacked In Private Key Exploit - Attacker Bridges Stolen Funds to Bitcoin Via THORChain
- IoTeX Bridge Hacked In Private Key Exploit - Attacker Bridges Stolen Funds to Bitcoin Via THORChain
- Thorchain Opens $10M Compensation Portal After Multichain Exploit Drains Four Networks
- KelpDAO Exploiter Routes 75,700 ETH To Bitcoin, Fuels $800M THORChain Surge
- IoTeX Bridge Hacked In Private Key Exploit - Attacker Bridges Stolen Funds to Bitcoin Via THORChain
- Monero Hits $530 After THORChain Opens Native XMR Swaps
- Ledger CTO Flags MPC Risk After THORChain's $10.8M Vault Hit
- THORChain Added Concentrated Liquidity Presets to Rujira
- Ledger CTO Flags MPC Risk After THORChain's $10.8M Vault Hit
- Coldcard Hacker Moves 45% of Stolen Bitcoin Through THORChain
- KelpDAO Exploiter Routes 75,700 ETH To Bitcoin, Fuels $800M THORChain Surge
- KelpDAO Exploiter Routes 75,700 ETH To Bitcoin, Fuels $800M THORChain Surge
- Thorchain Opens $10M Compensation Portal After Multichain Exploit Drains Four Networks
- Stolen Coldcard Bitcoin Moves to Ethereum via THORChain Swaps
- Parked Coldcard loot begins moving as attacker routes $1.6M in stolen Bitcoin to Ethereum
- Coldcard Hacker Tests THORChain Route As 10% Of Stolen Funds Move
- Coldcard Hacker Tests THORChain Route As 10% Of Stolen Funds Move
- Coldcard Hacker Moves Stolen BTC, Swaps to ETH via THORChain
- Coldcard Hacker Tests THORChain Route As 10% Of Stolen Funds Move
- Coldcard Hacker Tests THORChain Route As 10% Of Stolen Funds Move
- Coldcard Hacker Moves Stolen BTC to Ether via THORChain
- Coldcard Theft Funds Begin Moving as Hacker Routes Bitcoin Through THORChain
- Coldcard Wave 3 Attacker Starts Swapping Stolen Bitcoin for ETH Through THORChain
- Coldcard hacker uses THORChain to swap stolen BTC
- Coldcard hacker swaps stolen Bitcoin for ETH via THORChain
- Coldcard Wave 3 Hacker Moves Stolen Bitcoin for First Time, Swapping to Ether via THORChain
- Coldcard hacker swaps stolen Bitcoin for ETH via THORChain|
- Coldcard Hacker Tests THORChain Route As 10% Of Stolen Funds Move
- Coldcard Hacker Tests THORChain Route As 10% Of Stolen Funds Move
- Coldcard hacker swaps $11 million Bitcoin for Ether through THORChain
- Monero Surges 3.63% on THORChain Upgrade, Privacy RallyUpcoming
- Monero Hits $530 After THORChain Opens Native XMR Swaps
- Monero Surges 12.6% as THORChain Upgrade Drives XMR RallyUpcoming
- Monero Rises 3.42% Amid THORChain Upgrade, Privacy BuzzUpcoming
- Monero Surges 5.24% on THORChain Upgrade and Privacy DemandUpcoming
- THORChain’s privacy upgrade sends RUNE up 26% – Can bulls flip $0.65?Upcoming
49 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
THORChain describes itself as an independent system that lets people trade cryptocurrencies directly across different blockchains.
“THORChain is an independent, cross-chain liquidity protocol that operates as a Layer 1 decentralised exchange (DEX).”source · snapshot · captured 2026-09-10
Live. The record does not yet cite when this stage began.
0 of 1 promise delivered. 1 open.
Others in decentralised exchanges: Synthetix 6 of 11, XRP 2 of 3, Fluid 0 of 7, Stellar 0 of 20.Others in interoperability networks: Internet Computer 20 of 23, Artificial Superintelligence Alliance 7 of 43, Algorand 2 of 7, Zilliqa 2 of 26, and 9 more.
Last code change on the main repository (thorchain/swap.thorchain): 5 days ago, on 10 September 2026.
The project's blog page last changed on 14 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.