THORChain
RUNE Price
How is the price of THORChain (RUNE) calculated?
The price of THORChain (RUNE) is calculated in real-time by aggregating the latest data across 55 exchanges and 124 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
THORChain Price Chart (RUNE)
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| 0.2% | 8.8% | 0.3% | 57.1% | 59.7% | 71.3% |
RUNE Converter
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Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$680,469,923 |
|---|---|
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Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
0.83 |
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Market Cap / TVL Ratio
Ratio of market capitalization over total value locked of this asset. A ratio of more than 1.0 refers to its market cap being greater than its total value locked.
MC/TVL is used to approximate a protocol’s market value vs. the amount in assets it has staked/locked. |
4.13 |
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Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$823,864,226 |
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Fully Diluted Valuation / TVL Ratio
Ratio of fully diluted valuation (FDV) over total value locked (TVL) of this asset. A ratio of more than 1.0 means that the FDV is greater than its TVL.
FDV/TVL is used to approximate a protocol’s fully diluted market value vs. the amount in assets it has staked/locked. |
5.01 |
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24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$442,881,561 |
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Total Value Locked (TVL)
Capital deposited into the platform in the form of loan collateral or liquidity trading pool.
Data provided by Defi Llama |
$164,575,301 |
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Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
351,511,227
https://api.ninerealms.com/thorchain/supply/cmc?chain=thor&type=circulating
Est. Circulating Supply
351,511,227
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Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
425,584,607 |
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Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
500,000,000 |
RUNE Historical Price
| 24h Range | $1.78 – $1.97 |
|---|---|
| 7d Range | $1.65 – $1.96 |
| All-Time High |
$20.87
90.7%
May 19, 2021 (about 4 years)
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| All-Time Low |
$0.008513
22594.3%
Sep 28, 2019 (over 5 years)
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How do you feel about RUNE today?
What is ThorChain?
ThorChain is a decentralized liquidity network with an interoperable blockchain that allows cross-chain token swaps in a non-custodial manner. It does not peg or wrap assets, but simply allows users to swap tokens across various Layer 1 blockchains. So, traders on ThorChain can seamlessly move from Bitcoin to Ethereum, to Polkadot and etc. without having to register for an exchange or go through KYC, like on CEXs. Hence, users are minimally exposed to custody and counterparty risks.
What is RUNE?
ThorChain’s consensus is proof-of-stake and built on Tendermint (Cosmos), with network validators (nodes) required to bond their native token, RUNE. RUNE has a token model that increases in value as the utilization of the network grows. This means that the more liquidity is deposited into ThorChain liquidity pools, the more valuable RUNE gets.
RUNE is needed for two fundamental reasons:
(i) In liquidity pools, it acts as a base pair so a 1:1 ratio of ASSET:RUNE is required (e.g. BNB.RUNE, ETH.RUNE). This is because ThorChain does not actually operate by direct asset transfer, it needs RUNE to move from one asset into another and to activate ThorChain’s Bifrost Protocol. This protocol is the bridge that enables multichain connectivity within ThorChain and requires RUNE to operate.
(ii) RUNE is bonded as collateral by nodes for security sake following a 2:1 bond:stake ratio. Thus, RUNE is not intended to be a governance token. ThorChain will be governed more like Bitcoin, where nodes running can determine what direction it takes. This also means that ThorChain is not only limited to traders looking to trade spot tokens. It is also intended to be used by liquidity providers and node operators.
Therefore, with a 2:1 bond:stake ratio, combined with the 1:1 pool stake ratio, the amount of RUNE needed in the work is thus three times the amount of the non-RUNE assets locked. This 3:1 ratio is just the minimum value of RUNE.
RUNE serves these five purposes
1. Liquidity: as a settlement asset
2. Security: As a sybil-resistant security measure and a mean for driving economic behaviour
3. Governance: To signal priority on-chain
4. Incentive: as part of incentive mechanism, RUNE is used to pay out rewards, charge fees and subsidize gas
5. Amplifier: to elevate assets that are on ThorChain
Users who utilize ThorChain’s cross-chain services between the pools will need to pay fixed network fees as well as a variable slip fee. The fee is paid due to gas fees on external services and for fast execution. Besides offering a seamless service to traders, users can also become liquidity providers on ThorChain.
Liquidity providers on ThorChain can add liquidity to various pools, which are then tied to RUNE in a separate vault. The project’s Continuous Liquidity Pool (CLP) incentivises any ThorChain participant to supply liquidity in exchange for a reward. The CLP is one of the cornerstone concepts driving the project, mainly because it is an economic paradigm that is a solution to liquidity shortage issues faced by most exchanges. ThorChain’s CLP has its own on-chain and trustless ‘basket’ of liquidity and incentivising participation in filling it, which means that thorchain’s liquidity pool is a unique exchange environment that never requires a pairing of buyer and seller to transact. The Bifrost protocol also tracks the ratio of RUNE to the asset in the CLP.
How does ThorChain differ from others?
The attraction of ThorChain is that its chain-agnostic feature allows it to swap assets on a real basis. Unlike Ren, there is no wrapped BTC (e.g. renBTC) being created. Instead, we would be able to swap real ETH for real BTC. This is a milestone, as currently the closest Bitcoin is to DeFi is in its wrapped form. Thus, ThorChain brings BTC into DeFi.
Furthermore, as the network of new smart contract platforms grows (i.e. Solana and Polkadot), the number of chains is growing. The diversity of chains engenders the need for a trust-minimized and decentralized way to trade/swap tokens across chains, such as ThorChain. Currently, ThorChain is working on Polkadot, Solana, Monero, Cosmos (ATOM) and such, in anticipation of the launch of its mainnet.
So, what sets ThorChain apart is its cross-chain feature – which enables any asset to be swapped, and a pool created around it. This opens a whole new world of possibilities for DeFi users and its ecosystem alike. ThorChain has seen its popularity rise as it gained the attention of Multicoin Capital, where they announced that RUNE represents one of their largest public positions, because they believe that ThorChain plays an increasingly critical role within the crypto ecosystem. Currently, the multichain testnet is available and the mainnet is yet to be launched.
Where can you buy THORChain?
RUNE tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade THORChain is Binance, where the most active trading pair RUNE/USDT has a trading volume of $44,681,039.88 in the last 24 hours. Other popular options include KuCoin and MEXC.
What is the daily trading volume of THORChain (RUNE)?
The trading volume of THORChain (RUNE) is $434,753,414.87 in the last 24 hours, representing a 143.80% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.
What is the highest and lowest price for THORChain (RUNE)?
THORChain (RUNE) reached an all-time high of BTC0.0004869 and an all-time low of BTC0.051040. It’s now trading -90.70% below that peak and 22,594.30% above its lowest price.
What is the market cap of THORChain (RUNE)?
Market capitalization of THORChain (RUNE) is BTC6,198.3648 and is ranked #138 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of RUNE tokens (350 Million tokens are tradable on the market today).
What is the fully diluted valuation of THORChain (RUNE)?
The fully diluted valuation (FDV) of THORChain (RUNE) is BTC7,504.5360. This is a statistical representation of the maximum market cap, assuming the maximum number of 500 Million RUNE tokens are in circulation today. Depending on how the emission schedule of RUNE tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of THORChain compare against its peers?
With a price decline of -0.60% in the last 7 days, THORChain (RUNE) is underperforming the global cryptocurrency market which is up 4.00%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 4.10%.
THORChain Markets
| # | Exchange | Pair | Price | Spread | +2% Depth | -2% Depth | 24h Volume | Volume % | Last Updated | Trust Score | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 |
CEX
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$1.96 | 0.05% | $296,723 | $275,663 | $45,148,870 | 10.24% |
Recently
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| 2 |
CEX
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$1.97 | 0.01% | $64,421 | $134,472 | $2,606,156 | 0.59% |
Recently
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| 3 |
CEX
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$1.96 | 0.1% | $266,508 | $361,218 | $17,232,133 | 3.91% |
Recently
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| 4 |
CEX
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$1.95 | 0.1% | $104,796 | $126,023 | $15,092,916 | 3.42% |
Recently
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| 5 |
CEX
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$1.97 | 0.05% | $249,231 | $286,727 | $2,462,616 | 0.56% |
Recently
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| 6 |
CEX
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$1.96 | 0.1% | $36,458 | $58,762 | $2,127,484 | 0.48% |
Recently
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| 7 |
CEX
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$1.97 | 0.15% | $18,803 | $15,316 | $2,222,154 | 0.5% |
Recently
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| 8 |
CEX
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$1.97 | 0.11% | $18,483 | $49,156 | $1,570,554 | 0.36% |
Recently
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| 9 |
CEX
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$1.95 | 0.1% | $86,455 | $47,593 | $1,398,971 | 0.32% |
Recently
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| 10 |
CEX
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$1.96 | 0.2% | $37,531 | $53,743 | $1,333,697 | 0.3% |
Recently
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