Ask about THORChain DEX · freeTotal Value Locked$67.32m
TVL by Chain
THORChain$34.32m
Bitcoin$15.52m
Ethereum$10.17m
BSC$1.85m
Bitcoincash$1.4m
Avalanche$1.01m
Doge$955,977
XRPL$804,066
Litecoin$645,324
Tron$356,375
CosmosHub$150,002
Base$75,521
Solana$59,289
Key Metrics
Fees 30d$3.4m
Fees 30d by chain
Bitcoin$974,312
Ethereum$957,644
XRPL$773,405
THORChain$413,285
Litecoin$77,104
BSC$56,918
Tron$53,904
Bitcoincash$42,640
Avalanche$20,969
Doge$14,740
Base$11,991
CosmosHub$5,497
Solana$301
Fees 7d$236,295
Ethereum$66,250
Bitcoin$55,799
THORChain$54,122
Bitcoincash$15,467
Tron$14,668
Litecoin$11,992
BSC$8,587
Doge$3,927
Avalanche$2,230
XRPL$2,038
Base$904
CosmosHub$311
Solana$0
Fees 24h$67,500
THORChain$22,564
Bitcoin$16,356
Ethereum$15,443
Tron$4,657
Doge$2,029
BSC$2,016
Bitcoincash$1,821
XRPL$1,072
Litecoin$1,034
Avalanche$343
Base$85
CosmosHub$80
Solana$0
Cumulative Fees$174.19m
Ethereum$59.6m
THORChain$50.03m
Bitcoin$33.42m
BSC$17.04m
Litecoin$2.86m
Avalanche$2.77m
Bitcoincash$2.55m
Doge$2.18m
Terra Classic$1.12m
XRPL$1.05m
CosmosHub$838,861
Tron$502,950
Base$218,234
Solana$7,666
Revenue 30d$969,585
Revenue 30d by chain
Bitcoin$317,876
Ethereum$309,942
XRPL$250,821
Litecoin$24,560
BSC$18,754
Tron$16,561
Bitcoincash$13,225
Avalanche$6,859
Doge$4,797
Base$3,786
CosmosHub$1,709
THORChain$597.69
Solana$96
Revenue 7d$54,100
Ethereum$19,632
Bitcoin$16,671
Bitcoincash$4,531
Tron$4,292
Litecoin$3,614
BSC$2,536
Doge$1,165
Avalanche$657
XRPL$602
Base$271
CosmosHub$92.42
THORChain$35.91
Solana$0
Revenue 24h$13,383
Bitcoin$4,876
Ethereum$4,597
Tron$1,381
Doge$605
BSC$599
Bitcoincash$544
XRPL$320
Litecoin$309
Avalanche$102
Base$25
CosmosHub$24
THORChain$1.21
Solana$0
Cumulative Revenue$9.29m
Ethereum$4.05m
Bitcoin$2.87m
BSC$971,057
XRPL$290,015
Litecoin$226,283
Bitcoincash$213,516
Avalanche$185,537
Doge$149,268
Tron$131,910
CosmosHub$56,163
Terra Classic$56,159
THORChain$55,291
Base$31,651
Solana$1,376
Holders Revenue 30d$47,567
Holders Revenue 30d by chain
Ethereum$19,034
Bitcoin$16,712
XRPL$7,693
Litecoin$1,342
BSC$765.16
Tron$665.51
Bitcoincash$524.99
Avalanche$377.42
Doge$231.67
Base$136.04
CosmosHub$54.74
THORChain$27.32
Solana$6.27
Holders Revenue 7d$1,736
Ethereum$631
Bitcoin$536
Bitcoincash$146.04
Tron$136.57
Litecoin$115.97
BSC$80.64
Doge$37.05
Avalanche$21.16
XRPL$19.11
Base$8.71
CosmosHub$2.98
THORChain$1.16
Solana$0
Holders Revenue 24h$427
Bitcoin$156
Ethereum$147
Tron$44
BSC$19
Doge$19
Bitcoincash$17
XRPL$10
Litecoin$9.87
Avalanche$3.28
Base$0.80
CosmosHub$0.76
THORChain$0.04
Solana$0
Cumulative Holders Revenue$2.48m
Ethereum$1.21m
Bitcoin$796,707
BSC$123,072
Avalanche$69,640
Bitcoincash$69,423
Litecoin$63,919
Doge$55,328
THORChain$23,434
XRPL$21,197
Tron$19,948
CosmosHub$14,580
Base$10,039
Solana$355.13
Terra Classic$0
Incentives 1y$0.68
$0.68
$0.68
$0.68
$166.55m
Earnings (Annualized)$2.95m
$969,585
$54,099
$13,382
-$157.26m
DEX Volume 30d$2.413b
DEX Volume 30d by chain
THORChain$2.413b
DEX Volume 7d$183.58m
THORChain$183.58m
DEX Volume 24h$44.32m
THORChain$44.32m
Cumulative DEX Volume$127.413b
THORChain$127.413b
Market Cap$223.95m
$RUNE Price$0.68
$241.21m
$230.41m
$RUNE Volume 24h$63.81m
CEX Volume$10.9m
DEX Volume$52.95m(82.99% 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 share of swap fees burned as RUNE (1% since 2026-09-12, 5% before) - value to all RUNE holders - plus protocol-kept income (outbound fees net of the gas reimbursed to nodes, slashing fees, developer fund, marketing fund and the 20% directed into protocol-owned liquidity). 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 share of swap fees burned as RUNE (1% since 2026-09-12, 5% before), 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 $67.32m in total value locked. TVL has increased 22.3% over the past 30 days.
What chains does THORChain DEX operate on?
THORChain DEX operates on 14 chains: THORChain, Bitcoin, Ethereum, BSC, and Bitcoincash and 9 others. THORChain holds the largest share at 51%.
How much has THORChain DEX generated in fees and revenue?
Over the past 30 days, THORChain DEX generated $3.4m in fees. Of that, $969,585 was protocol revenue. Based on the trailing year, the annualized rate is $20.91m in fees and $2.95m in revenue.
What is the RUNE token price and valuation?
RUNE is currently trading at $0.69. Its circulating market capitalization is $225.84m, ranking it #245. Its fully diluted valuation is $243.25m. Supply currently stands at 328.58m circulating, 353.91m total supply, 353.91m maximum supply.
How has RUNE performed recently?
RUNE is down 14.5% over the past 7 days and up 38.7% over the past 30 days. Its all-time high is $20.87, reached on May 18, 2021. The token is currently 96.7% below that level.
How does THORChain DEX's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, THORChain DEX ranks #22 by TVL. The category holds $14.102b across 1,939 protocols, and THORChain DEX accounts for 0.5% of that total. Other leading protocols include Bridgers, Uniswap V3, Uniswap V4, Curve DEX, Uniswap V2, PancakeSwap AMM V3, SushiSwap V3, SushiSwap, DODO AMM, and WOOFi Swap.
How much trading volume does THORChain DEX process?
THORChain DEX processed $2.413b 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.