THORChain Price

(RUNE)
USD($)
Camelot (GRAIL) Live Price Chart

THORChain Live Price Data

The live price of THORChain is $5.96, with a total trading volume of $ 8.43M in the last 24 hours. The price of THORChain changed by -4.01% in the past day, and its USD value has increased by +16.17% over the last week. With a circulating supply of 340,705,754 RUNE, the market cap of THORChain is currently 2.04B USD, marking a --% increase today. THORChain currently ranks #40 in market cap.
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Note: This data is for reference only.
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THORChain(RUNE) Profile

altRank40
rateB
Expand
Documentation
Contract
Others RUNE-B1A...B1A
Audited By
Kudelski Security
Code & Community
Investors
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$5.5500
$6.3800
$21.2600
-2.86%
-4.01%
+16.17%
$2.04B 
$8.43M 
340,705,754
500,000,000

About RUNE

How can I buy THORChain (RUNE)?

Buying RUNE on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy THORChain (RUNE) for more information.

What is THORChain (RUNE) Crypto?

THORChain is a decentralized and autonomous network that provides liquidity for cryptocurrencies across multiple blockchains. THORChain’s decentralized, cross-chain crypto liquidity provisioning service is available for users, products, and institutions.

THORChain offers a permissionless, community-driven platform for users and products to provide liquidity and swap cryptocurrencies across multiple integrated blockchain networks. RUNE is the native token of the THORChain network, offering the economic incentives necessary to secure the ecosystem.

Put simply, the immutable, cross-chain DEX THORChain functions on the lines of Uniswap. However, one key difference is that Uniswap works on the Ethereum ecosystem to support Ethereum-based digital assets. On the other hand, THORChain DEX is a multi-chain DeFi offering, letting users swap crypto assets across supported blockchains.

The multi-chain THORChain DEX supports swapping and liquidity provisioning for native Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB), Bitcoin Cash (BCH), Cosmos (ATOM), and ERC-20 and BEP2 tokens.

How Does THORChain Work?

THORChain acts as a decentralized vault manager supporting 1-way State Pegs to sync state from external blockchains. A State Machine coordinates the logic for asset exchange and delegates outgoing transactions on the network.

The Bifröst Chain Client processes chain-specific transactions on THORChain. The platform also consists of a TSS protocol that supports distributed threshold key-signing.

Each THORNode utilizes the Bifröst Protocol, which handles cross-chain connections. The synced nodes monitor vault addresses. Any inbound transaction is read and converted into a THORChain witness transaction by the THORNodes.

After a transaction is processed within the decentralized liquidity network, the consensus among most nodes is required to finalize the transaction. The THORChain State Machine then processes this finalized transaction, whether for swapping or staking and delegates it to a vault before creating a Transaction Out (txOut) item.

The txOut contains information about which chain it should be sent on, the destination address, the vault from where the crypto needs to be sent, and the maximum gas fees for the transaction. The Transaction Out also contains information about InHash (the initiating transaction, and OutHash (the transaction completing the accounting).

History of THORChain and RUNE Crypto

THORChain was founded in 2018 by a team of anonymous developers as a non-custodial and decentralized alternative to centralized exchanges for exchanging cryptocurrencies during a Binance hackathon. The THORChain platform was developed as an independent blockchain network that could bridge to other blockchains to support cross-chain token swaps, transfers, and liquidity provisioning.

The RUNE token was launched with a max supply of 500 million in 2019. During the THORChain ICO, the RUNE price was around $0.03.

The Tendermint-based Layer-1 protocol uses the Tendermint consensus mechanism with Byzantine Fault Tolerance (BFT) and proof of stake for Sybil-resistance. The THORChain team announced BEPSwap (now THORSwap), an AMM on the Binance Chain, in July 2019 to allow users to swap and stake BNB and other BEP2 assets.

THORChain’s public testnet was launched in June 2020, supporting several leaderless nodes, staking, earning rewards in RUNE, and slashing RUNE bonded by THORNodes. The multi-chain THORChain mainnet Chaosnet went live on 13 April 2021.

THORChain (RUNE) Price Movements ($)
PeriodChangeChange (%)
Today$-0.2547-4.10%
7 Days$0.830316.18%
30 Days$1.2225.93%
3 Months$0.46818.52%
24H Investment Barometer
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The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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THORChain Conversion Rate
  • 1 RUNE to USD$5.96
  • 1 RUNE to EUR€5.51
  • 1 RUNE to AUD$9.17
  • 1 RUNE to KRW₩7,968.78
  • 1 RUNE to JPY¥893.28
  • 1 RUNE to GBP£4.71
  • 1 RUNE to INR₨494.29
  • 1 RUNE to IDRRp93,673.61
  • 1 RUNE to CAD$8.09
  • 1 RUNE to RUB₽545.05

FAQ

How much is 1 THORChain (RUNE) worth?
KuCoin provides real-time USD price updates for THORChain (RUNE). THORChain price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time RUNE to USD exchange rates.
What is the THORChain (RUNE) Price Prediction?

Although it is impossible to make an accurate THORChain price prediction over any duration, the protocol has solid fundamentals that suggest a future pick-up in the RUNE price. As of August 2022, the THORChain price remains well below its all-time high of above $21.

Based on its price performance, the THORChain price forecast suggests an uptick towards reclaiming the ATH level backed by supporting fundamentals. Integration with more blockchains to increase its cross-chain liquidity ecosystem’s scope could power an uptrend in the THORChain price in the future.

In addition, higher adoption of its technology could also power bullish moves in the RUNE price and increase the value of THORChain crypto as a good investment opportunity. The current price of THORChain and market cap could also head higher amid generally positive sentiment in the crypto market.

As the price of Bitcoin and Ethereum tick higher, investor confidence in digital assets could pick up. This could encourage more buying activity in THORChain and propel the RUNE price upwards, making it an exciting crypto asset to invest in.

What is RUNE Token Used For?

The RUNE token is the native digital asset of THORChain and powers the network. It has several applications, including:

Liquidity Token

The RUNE crypto is locked in THORChain liquidity pools with external crypto assets in a 50:50 ratio. As the value of the crypto assets locked in liquidity pools fluctuates, the RUNE in the pool will also vary through arbitrage.

Security Token

The THORChain uses a proof of bond consensus mechanism. Each THORNode bonds a specific number of RUNE within the network, which is then used to underwrite assets in the liquidity pools. The bonded RUNE is also used to penalize any misbehaving THORChain nodes to ensure network security.

Governance Token

RUNE token holders enjoy priority in listing new assets in a liquidity pool. THORNodes can also vote on changing network parameters within the THORChain ecosystem using a node-mimir mechanism.

Incentive Token

As the native cryptocurrency of the THORChain network, the RUNE token is used to pay transaction fees by users. Token swaps on the ecosystem are charged network fees and slip-based fees in RUNE crypto.

Crypto Asset to Trade and HODL

THORChain (RUNE) is one of the most popular cryptocurrencies listed and traded on exchanges. To maximize your portfolio value, you can buy or sell THORChain against other cryptocurrencies, stablecoins, and even fiat currencies.

You also have the option to HODL RUNE long-term if you believe in the future potential of the THORChain protocol. Review the current THORChain price, RUNE live market cap, current circulating supply, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the RUNE price chart before you trade THORChain.

Earn Passive Income

You can also invest in RUNE as a way to grow your crypto portfolio in a safe and risk-free manner. Use the KuCoin Crypto Lending feature to lend liquidity for RUNE to our platform. Earn exciting daily interest over seven days, 14 days, or 28 days, for your contribution and grow your RUNE holdings by putting your crypto to work.

How Many RUNE Tokens Are There?

The RUNE crypto has a max supply fixed at 500 million by the THORChain developers. As of August 2022, the circulating supply of the THORChain token stands at over 330 million.

During the THORChain IDO in July 2019, the project developers allotted 10% of the token’s total supply to themselves and locked them till the mainnet launch. 20% of these tokens have been unlocked every month since then.

Most of the allocated tokens were sold to raise funds for developing the THORChain protocol. At the time of writing, the team of developers behind the project owns less than 1% of the max supply of RUNE crypto.

How to Stake RUNE Via THORSwap

You can stake RUNE by becoming a liquidity provider on THORSwap (formerly BEPSwap) to earn attractive APYs and grow your crypto holdings. Here’s how to become one of many THORChain liquidity providers:

1. Open the THORSwap app and connect your digital wallet to it. Ensure your wallet is funded with sufficient RUNE for staking by buying RUNE on KuCoin or other supported platforms and transferring your tokens into the wallet.

2. Click on the Deposit option on the left side of the page and select the RUNE pool from the list of options.

3. Click on the “Add” button on the top right corner of the page that opens next.

4. Enter the number of RUNE coins you wish to stake or deposit into the liquidity pool. As you contribute to a liquidity pool, you also need to enter the number of tokens of the other crypto asset in the pair.

5. Confirm the transaction through your wallet after verifying all details.

6. Sit back and earn rewards in RUNE for providing liquidity to THORSwap.

What is the all-time high price of THORChain (RUNE)?
The all-time high price of THORChain (RUNE) is $21.2600. The current price of RUNE is down 0.72% from its all-time high.
What is the all-time low price of THORChain (RUNE)?
The all-time low price of THORChain (RUNE) is $0.0079. The current price of RUNE is up 749.88% from its all-time low.
How much THORChain (RUNE) is there in circulation?
As of 2 29, 2024, there is currently 340,705,754 RUNE in circulation. RUNE has a maximum supply of 500,000,000.
What is the market cap of THORChain (RUNE)?
The current market cap of RUNE is $2.04B. It is calculated by multiplying the current supply of RUNE by its real-time market price of $2.04B.
How do I store THORChain (RUNE)?
You can securely store your THORChain in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your RUNE include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Ethereum (ETH) to cash?
You can instantly exchange your Ethereum (ETH) for cash using KuCoin's Fast Trade feature. This feature enables you to convert ETH to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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