THORChain (RUNE) is a decentralized liquidity network that enables the native exchange of digital assets between different blockchains without the need for bridges or wrapped assets.
Its goal is to facilitate asset swaps securely and efficiently, keeping custody of funds in the hands of the users.
Main features:
Decentralization: THORChain operates without a central authority, allowing users to exchange assets directly between different blockchains.
Native liquidity: Swaps are conducted using native assets, eliminating the need for wrapped tokens and reducing associated risks.
Security: The network is secured by its native token, RUNE, which plays key roles in liquidity, security, governance, and incentives within the ecosystem.
Utilities:
Asset swaps: Allows users to exchange assets like Bitcoin, Ethereum, and others directly between compatible chains.
Liquidity provision: Users can provide liquidity to pools and earn returns from the fees generated by swaps.
Network security: Validator nodes must stake RUNE as collateral, which helps secure the network and aligns economic incentives.
Annual evolution of THORChain (RUNE) price:
Below is a list with the approximate price of RUNE at the end of each year since its launch:
2019: $0.01
2020: $0.20
2021: $7.50
2022: $1.50
2023: $2.00
2024: $5.69 (as of November 26)
* A useful and interesting project for all those willing to analyze its development *
