Tornado Cash

TORN Price

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 These deposits can be withdrawn by any on-chain address. Whenever an asset is withdrawn by the new address, there is no way to link the withdrawal to the deposit, ensuring asset privacy.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 decentralized exchanges. The most popular exchange to buy and trade Tornado Cash is Uniswap V3 (Ethereum), where the most active trading pair TORN/WETH has a trading volume of $121,570.85 in the last 24 hours. Other popular options include Uniswap V2 (Ethereum) and Uniswap V4 (Ethereum).

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

The trading volume of Tornado Cash (TORN) is $1,897,998.58 in the last 24 hours, representing a 52.60% 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 Tornado Cash (TORN)?

Tornado Cash (TORN) reached an all-time high of $436.16 and an all-time low of $1.29. It’s now trading -98.60% below that peak and 372.00% above its lowest price.

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

Market capitalization of Tornado Cash (TORN) is $29,208,871 and is ranked #714 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of TORN tokens (4.8 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 $60,994,284. 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 increase of 5.90% in the last 7 days, Tornado Cash (TORN) is underperforming the global cryptocurrency market which is up 11.30%, while underperforming when compared to similar Decentralized Finance (DeFi) cryptocurrencies which are up 16.90%.

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.