ThorChain, as a decentralized cross-chain protocol, has recently attracted widespread attention due to its successful integration into the LI.FI ecosystem. This integration, officially announced on August 14, not only allows users to directly exchange Bitcoin locally through ThorChain, but also significantly improves the efficiency of Bitcoin transfers across the Ethereum Virtual Machine (EVM) chain. Powered by SwapKit's technology, this collaboration greatly simplifies the process for users to exchange Bitcoin for other cryptocurrencies across various blockchain networks.
This development not only aims to broaden Bitcoin’s circulation channels and enhance its accessibility, but also aims to promote the widespread application of Bitcoin in the field of decentralized finance (DeFi).
It is worth noting that although ThorChain once suspended operations due to security concerns, its native token RUNE has experienced strong market performance since it resumed trading. Currently, RUNE's trading price is stable at $5.25, and has achieved an increase of 6.50% in the last 24 hours, and an increase of 18.47% in the past month. Looking at the long term, RUNE's performance in the past year has been particularly impressive, with its price soaring by 214.30%, surpassing the growth rate of mainstream cryptocurrencies such as Bitcoin and Ethereum. In addition, RUNE's trading price is also significantly higher than its 200-day simple moving average, with an increase of 74.56%, showing its strong upward momentum and wide recognition by investors.
