Rune Rockets: #THORChain Emerges as Third Largest #DEX with a 50% Surge in a Week

In the past week, THORChain witnessed a trading volume of $1.32 billion, securing the third position globally, trailing only behind #UniSwap and PancakeSwap with volumes of $10.85 billion and $2.77 billion, respectively, as reported by DefiLlama.

Notably, THORChain now claims the second-largest daily trading volume, reaching $334.3 million in the last 24 hours. This figure surpasses #Pancakeswap , which holds the third position by nearly $50 million.

Simultaneously, the native token RUNE experienced a remarkable surge of 51% in the past week and an impressive 200% over the last 30 days, as indicated by CoinGecko.

The ascent of THORChain in surpassing Curve Finance occurred much earlier than anticipated by the core developer Chad Barraford, who initially projected the flippening to transpire before the end of 2023. Expressing surprise, Barraford mentioned in a November 13th post on X (formerly Twitter), "Okay, this happened much faster than I thought. Just took 2 days instead of 2 months."