THORChain Launches Public Dashboard with $173M in Cumulative Fees

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THORChain has launched a public dashboard with $173M in cumulative fees and $124B in total swap volume as of mid-August 2026. The dashboard includes inflation data and network upgrade details, part of a transparency push with DeFiLlama and Raynalytics. In July 2026, the protocol ranked 12th among decentralized exchanges with $950K in fees and $797M in volume. The network upgrade supports native asset swaps across blockchains without wrapped tokens or bridges. DeFiLlama also launched a THORChain Ecosystem Dashboard in August 2026, including metrics for compliance teams.

THORChain now has a public-facing dashboard that puts its revenue, trading volume, staking data, and network distribution metrics on full display. The move is part of a broader transparency push that includes a collaboration with DeFiLlama and independent analytics from data analyst Raynalytics.

The numbers behind the comeback

In July 2026, its first full month after restarting trading, the protocol generated $950K in fees, placing it 12th among all decentralized exchanges. Trading volumes during that same month hit approximately $797M.

As of mid-August 2026, THORChain’s cumulative fees have reached $173M, while total swap volume has crossed $124B.

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The protocol’s core value proposition has always been enabling native asset swaps without wrapped tokens or bridges. You send real BTC and receive real ETH, with liquidity providers and node operators earning fees from every transaction.

DeFiLlama enters the picture

THORChain began collaborating with DeFiLlama back in April 2026, working on data integration and dashboard improvements. That collaboration culminated in DeFiLlama launching its own THORChain Ecosystem Dashboard in August 2026, covering key financial metrics and analytics.

Part of the joint effort has also been directed toward building an institutional investment dashboard, giving compliance teams access to clean data and verifiable metrics.

Context: why transparency matters now

Earlier in 2026, the protocol suspended trading after a security exploit forced the team to pause operations. The $950K in July fees and $797M in trading volume suggest the rebuilding is working, with liquidity providers returning and fee distribution flowing to node operators and liquidity providers.

What this means for the broader DEX landscape

Unlike Uniswap or Curve, which operate within single ecosystems, THORChain facilitates swaps across entirely separate blockchains, enabling users to move between Bitcoin and Ethereum without relying on centralized exchanges or wrapped assets. Landing at 12th among DEXs by fees in its first month back demonstrates that demand for native cross-chain swaps persisted despite the trading pause.

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