THORChain’s mainnet launch has opened the floodgates for bullish activity in its native token – RUNE. Over the past 24 hours, the asset rallied by over 20% to an intraday high of $2.3 amid a quick market-wide rebound. After a mild pullback, the token settled near $2.2 at the time of writing.
THORChain’s Mainnet is Here
The latest bout of surge comes after THORChain achieved mainnet status four years since its inception. The mainnet launch has been a long-anticipated one. THORChain was planning for it since late 2021, but several issues delayed the actual release. The decentralized liquidity protocol has mostly been a research project, but the achievement marks a key milestone signaling a new phase of development, scaling, and adoption.
The team behind THORChain បានប្រកាស,
“ចាប់តាំងពីការចាប់ផ្តើមរបស់ខ្លួននៅក្នុងឆ្នាំ 2018 រហូតមកដល់ពេលនេះ THORChain គឺជាគម្រោងស្រាវជ្រាវជាចម្បង។ Mainnet ធ្វើការផ្លាស់ប្តូរទៅជាពិធីការដែលសំបូរទៅដោយមុខងារពេញលេញ ជាមួយនឹងប្រព័ន្ធអេកូឡូស៊ីដ៏ធំ និងសហគមន៍រឹងមាំ។
The main focus now will be on integrating with more decentralized exchanges (DEX) and exchange aggregators.
Meanwhile, to celebrate the mainnet launch, the THORChain team also announced the release of “RUNE in a Million Campaign” on Binance, which will last from June 23rd to July 7th, 2022. As part of this, THORchain has revealed committing a total of $1 million in RUNE tokens to all users of the crypto exchange. The announcement managed to catapult the price of RUNE to the aforementioned multi-day highs.
Cryptocurrency exchanges – Binance, CryptoCom, Coinspot, Swyftx, and KuCoin have all confirmed their support for the asset. Data on CoinGecko ស្នើ that RUNE, however, is still around 90% down from its all-time high charted in May last year.
Exploring the Network
According to the THORChain ផ្ទៃតាប្លូ, it has nearly $3.8 billion in native on-chain swaps. The previous network, dubbed ChaosNet, had witnessed some $9.2 billion traded over 3.4 million swaps from nearly 71,000 unique traders.
THORChain netted $80 million in fees from swaps. Currently, the total value locked (TVL) inside the protocol’s smart contracts was observed to be around $302.9 million.
The decentralized cross-chain exchange was បុក by three sophisticated attacks in July 2021.
Binance ឥតគិតថ្លៃ 100 ដុល្លារ (ផ្តាច់មុខ): ប្រើតំណនេះ ដើម្បីចុះឈ្មោះ និងទទួលបាន $100 ឥតគិតថ្លៃ និងថ្លៃសេវា 10% លើ Binance Futures ខែដំបូង (លក្ខខណ្ឌ).
ការផ្តល់ជូនពិសេសរបស់ PrimeXBT៖ ប្រើតំណនេះ ដើម្បីចុះឈ្មោះ និងបញ្ចូលលេខកូដ POTATO50 ដើម្បីទទួលបានប្រាក់រហូតដល់ 7,000 ដុល្លារលើការដាក់ប្រាក់របស់អ្នក។
Source: https://cryptopotato.com/thorchains-mainnet-launch-spurred-runes-20-daily-rally/