Rune is the native coin of the Thorchain protocol. Thorchain is a cross-chain decentralized exchange built on the Cosmos SDK. Users can exchange, trade, buy, and sell different cryptocurrencies using the Thorchain protocol. Rune is used as an intermediary currency on the platform. Thorchain protocol uses an automated market maker (AMM) model and allows users to stake their Rune coins in return for rewards.
With a total market cap of over $562 million, THORChain is the No. 55 cryptocurrency by market size. The currency symbol for THORChain is RUNE and it originated in Switzerland. THORChain is the token issued by the Thorchain platform. There will only ever be 500 million THORChain tokens issued. So far 300 million tokens (60.1% of the total supply) have been issued.
We found crypto protocols offering up to 22.7% APY on THORChain deposits (22.7% APY CeFi, 1.3% APY DeFi). Check out our THORChain staking yields table for further details.
The technical price analysis for THORChain below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of THORChain.
ATHORChain is part of the Cosmos and Injective ecosystems.
QIs it possible to stake THORChain to generate passive income?
AYes, staking is available for THORChain on a number of platforms. For a full list of THORChain staking yields see our list of THORChain staking yields.
QHow much can I earn staking THORChain?
AYou can earn up to 22.7% APY by staking your THORChain tokens. Check out our THORChain staking yields table for further details.
QWhere is the best place to stake THORChain?
ARight now the best staking rates are on Coinbase with an income rate of up to 22.7% APY.
QWhat is the difference between CeFi and DeFi staking rates for THORChain?
AThe best CeFi staking rate that we could find for THORChain is on Coinbase with an income rate of up to 22.7% APY and the best DeFi staking rate is on Sushi Swap with an income rate of up to 1.3% APY.
QIs it a good time to buy THORChain?
AYou can check the technical indicators for THORChain on the THORChain Price Trend tab. These indicators are based on the analysis of multiple trading signals for THORChain.
QWhere is the best place to buy THORChain?
AYou can find the cheapest exchange on which to buy THORChain on the THORChain Buy tab.
QCan you get a THORChain loan without collateral?
AAlmost all THORChain loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is THORChain flash loans which allow you to borrow uncollateralised THORChain for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all THORChain loans on the THORChain Loans tab.
QWhich venture capital firms have invested in THORChain?
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