Tornado Cash TORN Price

Tornado Cash (TORN) price has declined today.

The price of Tornado Cash (TORN) is $1.82 today with a 24-hour trading volume of $4,453,525.18. This represents a -12.00% price decline in the last 24 hours and a -47.80% price decline in the past 7 days. With a circulating supply of 3.8 Million TORN, Tornado Cash is valued at a market cap of $6,868,231.

What is Tornado Cash?

Tornado Cash is a decentralized, non-custodial privacy solution built on Ethereum. It improves transaction privacy by breaking the on-chain link between recipient and destination addresses. Tornado Cash uses a smart contract that accepts ETH and ERC-20 deposits. These deposits can be withdrawn by any on-chain address. Whenever an asset is withdrawn by the new address, there is no way to link the withdrawal to the deposit, ensuring asset privacy.

Tornado Cash uses zero knowledge proofs (zk-SNARKs) to achieve privacy. When a user decides to make a withdrawal, the user must provide proof that he or she possesses a secret corresponding to one of the smart contract’s list of deposits. zk-SNARK technology allows this proof to be verified without the user needing to reveal which exact deposit corresponds to their secret. The smart contract then checks the proof, and transfers deposited funds to the address specified by the withdrawal transaction. Any external observer is unable to determine which deposit this withdrawal is linked to.
Read this article to learn about Tornado Cash and its workings.

What is the TORN token?

TORN is Tornado Cash’s native governance token. It’s a fixed-supply ERC-20 token that is used for voting on protocol upgrades and fixes.

How many TORN are there in circulation?

The TORN governance token has a fixed total supply of 10,000,000. 5% of the supply is allocated to previous protocol users via an airdrop, 10% to liquidity mining rewards (distributed linearly over 1 year), 30% to founding developers and early supporters (unlocked over 3 years with a 1 year cliff), and 55% to the protocol treasury (unlocked linearly over 5 years).

Where can you buy Tornado Cash?

TORN tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Tornado Cash is Binance, where the most active trading pair TORN/BUSD has a trading volume of $3,137,384.74 in the last 24 hours. Other popular options include Uniswap V2 (Ethereum) and Pionex.

What is the daily trading volume of Tornado Cash (TORN)?

The trading volume of Tornado Cash (TORN) is $4,453,525.18 in the last 24 hours, representing a 16.80% increase from one day ago and signalling a recent rise in market activity.

What is the all-time high for Tornado Cash (TORN)?

The highest price paid for Tornado Cash (TORN) is $436.16, which was recorded on Feb 13, 2021 (almost 3 years). Comparatively, the current price is -99.60% lower than the all-time high price.

What is the all-time low for Tornado Cash (TORN)?

The lowest price paid for Tornado Cash (TORN) is $1.60, which was recorded on Nov 29, 2023 (2 days). Comparatively, the current price is 12.60% higher than the all-time low price.

What is the market cap of Tornado Cash (TORN)?

Market capitalization of Tornado Cash (TORN) is $6,868,231 and is ranked #1253 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of TORN tokens (3.8 Million tokens are tradable on the market today).

What is the fully diluted valuation of Tornado Cash (TORN)?

The fully diluted valuation (FDV) of Tornado Cash (TORN) is $18,043,082. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 Million TORN tokens are in circulation today. Depending on how the emission schedule of TORN tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Tornado Cash compare against its peers?

With a price decline of -47.80% in the last 7 days, Tornado Cash (TORN) is underperforming the global cryptocurrency market which is up 1.50%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

What is the market sentiment of Tornado Cash today?

The community is bullish as more than 81% of users are feeling good about Tornado Cash (TORN) today.

How to add Tornado Cash (TORN) to MetaMask?

Adding Tornado Cash (TORN) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import TORN as a token. You can copy TORN’s contract address (0x77777feddddffc19ff86db637967013e6c6a116c) and import it manually, or if you've installed MetaMask's chrome extension, add TORN to MetaMask with one click on CoinGecko.

Add TORN to MetaMask.