THORSwap

THOR Price

About THORSwap (THOR)

THORSwap is a multi-chain decentralized exchange aggregator that enables users to trade native assets across major blockchains without relying on centralized bridges or wrapped tokens.

• The platform functions as a meta-aggregator, connecting liquidity from multiple sources including 1inch, Uniswap, and THORChain to provide optimal pricing for cross-chain swaps.
• Users maintain full self-custody of their assets throughout the trading process, interacting directly from their own wallets without needing to wrap tokens.
• The native THOR token is designed for value accrual, allowing stakers to earn a portion of protocol revenues and access trading discounts.

What Is THORSwap

THORSwap is a decentralized trading interface and aggregator built to simplify cross-chain finance. It provides a unified platform for swapping assets across more than 26 blockchains, including Bitcoin and Ethereum. The protocol acts as a meta-aggregator, meaning it scans multiple decentralized exchanges and liquidity providers to find the most efficient route and best price for a given trade.

Value moves through the system as users perform swaps, generating protocol service fees. A significant portion of these fees is directed back to the ecosystem. Specifically, stakers of the THOR token can earn up to 75% of the protocol's revenues. This mechanism ensures that as the ecosystem grows and trading volume increases, the utility and value proposition for token holders scale proportionally. The platform also offers advanced DeFi features such as portfolio tracking through THORYield and cross-chain name services via THORName.

What Makes THORSwap Unique

• Native Asset Swaps: Unlike many other cross-chain solutions, THORSwap facilitates swaps between native assets (e.g., native BTC to native ETH) without the use of wrapped tokens or centralized intermediaries.
• Meta-Aggregation: It combines liquidity from various DEX aggregators and individual protocols, ensuring deep liquidity and competitive rates for a wide range of trading pairs.
• Impermanent Loss Protection: Through its integration with THORChain, the platform offers protection against impermanent loss for liquidity providers on native assets.
• Multi-Chain Infrastructure: The protocol supports over 10,000 assets across dozens of major blockchains, providing one of the most comprehensive cross-chain trading environments in the DeFi space.

What Can You Use THORSwap for?

• Cross-Chain Trading: Seamlessly swap native tokens across different blockchain networks in a single transaction.
• Yield Generation: Provide liquidity to supported pools to earn trading fees and rewards, often with built-in protection against market volatility.
• Staking Rewards: Stake THOR tokens to receive a share of the protocol's revenue and benefit from reduced trading fees.
• Node Management: Utilize specialized tools for managing bonding and node operations within the broader THORChain ecosystem.
• Portfolio Tracking: Monitor cross-chain wallet balances, liquidity positions, and staking performance through the integrated THORYield dashboard.

How Does THORSwap Work?

THORSwap operates as a sophisticated interface layer that coordinates complex cross-chain interactions. When a user initiates a swap, the protocol uses its Pathfinder API and SDK to identify the most efficient route across various liquidity sources. It leverages the underlying infrastructure of protocols like THORChain, Maya Protocol, and Chainflip to execute the trade.

The system is non-custodial, meaning users authorize transactions directly from their connected wallets. For every swap, users pay protocol service fees, which are used to maintain the network and reward participants. The THOR token serves as the central utility asset within this framework; it is an application utility token that powers the incentive structure. Staking THOR converts it into vTHOR, which represents a user's claim on the revenue pool and grants governance-related perks and discounts.

Team Info and Investors

THORSwap was developed by a team with a long history in the THORChain ecosystem, originally launching as BEPSwap in 2020 before evolving into its current multi-chain form in 2021. The project is backed by a group of prominent industry investors, including Ideo CoLab, True Ventures, 0x Ventures, Sanctor Capital, and Proof Group. It also maintains a close strategic relationship with the THORChain project. The protocol's development is community-focused, with technical support and governance interactions occurring through its active Discord and social channels.

Where can you buy THORSwap?

THOR tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade THORSwap is THORChain, where the most active trading pair THOR/RUNE has a trading volume of $24,178.63 in the last 24 hours.

What is the daily trading volume of THORSwap (THOR)?

The trading volume of THORSwap (THOR) is $24,180.37 in the last 24 hours, representing a 361.30% 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 THORSwap (THOR)?

THORSwap (THOR) reached an all-time high of $3.05 and an all-time low of $0.005374. It’s now trading -98.80% below that peak and 573.50% above its lowest price.

What is the market cap of THORSwap (THOR)?

Market capitalization of THORSwap (THOR) is $9,206,850 and is ranked #1129 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of THOR tokens (250 Million tokens are tradable on the market today).

What is the fully diluted valuation of THORSwap (THOR)?

The fully diluted valuation (FDV) of THORSwap (THOR) is $9,206,850. This is a statistical representation of the maximum market cap, assuming the maximum number of 500 Million THOR tokens are in circulation today. Depending on how the emission schedule of THOR tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of THORSwap compare against its peers?

With a price increase of 13.50% in the last 7 days, THORSwap (THOR) is outperforming the global cryptocurrency market which is up 2.50%, while outperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add THORSwap (THOR) to MetaMask?

Adding THORSwap (THOR) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import THOR as a token. You can copy THOR’s contract address (0xa5f2211b9b8170f694421f2046281775e8468044) and import it manually, or if you've installed MetaMask's chrome extension, add THOR to MetaMask with one click on CoinGecko.

Add THOR to MetaMask.