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THORChain

THORChain RUNE

Token
THORChain Price (RUNE)
$1.83
5.24% Buy RUNE

0.0011 ETH

0.0000808 BTC

Low: $1.81
High: $1.95
24h
Market Cap
$599,898,743
5.24%
Fully Diluted Market Cap
$917,175,550
5.24%
Volume
24h
$58,035,007
7.59%
Volume / Market Cap
0.0967
Circulating Supply
327,056,566 RUNE
65.41%
Max Supply
500,000,000
Total Supply
498,910,727
THORChain RUNE
Price: $1.83
5.24% Buy RUNE

Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

Learn this metric

The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

Learn this metric

Verified Data

THORChain project's Circulating Supply has been verified and is equal to:

Circulating Supply

327,056,566 RUNE

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric

The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric
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Current price of THORChain is $1.83

THORChain (RUNE) Social Signals & Traffic Tracker
THORChain twitter
Twitter Stats
Visit Twitter

Followers

190.29K

0.15%

Joined at Jun 27, 2018

Following

1,463

0.27%

Tweet count

18,273

0.01%

THORChain reddit
Reddit Stats
Visit Reddit

Subscribers

11.69K

0.09%

Joined at Aug 08, 2018

Subreddit type

public

Moderators

4

0.00%

THORChain telegram
Telegram Stats
Visit Telegram

Members

16.63K

0.88%

Title

THORChain Community

THORChain traffic
Website Traffic
Visit Website

Website Rating (DR)

63 / 100

0.00%

Ahrefs Rank

206,938

0.39%

Organic Traffic (mo.)

7,690

6.20%

THORChain github
GitHub Organization
Visit GitHub

Public repos

53

Created at Jun 27, 2018

Type

Organization

THORChain github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official THORChain (RUNE) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

Project's main Github metrics, like how many public repositories it has, the type of the account (organization or personal), and when was the GitHub account created. Stats are updated weekly.

Project's main GitHub public repository metrics, like the number of stars, watchers, forks, and the programming language used. Stats are updated weekly. If the project doesn't have a public repository, and only a private one, its metrics will not appear here.

Project's main Telegram metrics, like channel title & member count. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly.

Project's main Twitter metrics, like Follower count, how many accounts they are following, and how many Tweets the account has posted to date. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can see the Project's Twitter feed.

Project's main Reddit metrics, like Subreddit subscriber count, community type (public, restricted, private, premium-only), and the number of Subreddit moderators. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can also find Project Subreddit's most trending topics, updated daily.

Project's main Website traffic metrics, like Website Domain Authority, Ahrefs rank, and monthly Organic Traffic. The graph shows the dynamics of these metrics throughout recent months. Stats are updated monthly.

Followers: 190,296

Subscribers: 11,691

Members: 16,634

THORChain Price Statistics

THORChain Price
$1.83
Price Change 24h
-$0.0961
5.24%
24h Low / 24h High
$1.81 /
$1.95
All Time High
May 19, 2021 (1 year 8 months ago)
$21.26
91.37%
All Time Low
Sep 27, 2019 (3 years 4 months ago)
$0.0079
23,005.15%
Trading Volume 24h
$58,035,007
7.59%
Volume / Market Cap
0.0967
Market Dominance
0.05%
Market Rank
#87
Market Cap
$599,898,743
5.24%
Fully Diluted Market Cap
$917,175,550
5.24%

Live RUNE Price Analysis

The current real time THORChain price is $1.83, and its trading volume is $58,035,007 in the last 24 hours. RUNE price has plummeted by 5.24% in the last day, and decreased by 1.75% in the last 7 days. It’s important to note that current THORChain market capitalization is $599,898,743, and the maximum supply is 500,000,000 RUNE coins. Talking about circulating supply, RUNE has 327,056,566 coins. Currently, THORChain rank on the market is #87.

THORChain price today is 91.37% below all time high, and it is 23,005.15% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling RUNE are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is THORChain (RUNE)?

RUNE is the native token of THORChain, which is a decentralized network that enables users to quickly swap crypto between several chains without giving up complete control of their holdings. They can easily transfer tokens between different Layer-1 blockchains without wrapping or pegging their assets.

The seamless tokens swaps between various chains are ensured by employing such technologies as:

  • A State Machine that delegates outgoing transactions and manages the logic behind asset exchange;
  • One-way State Pegs that allow syncing state from external chains;
  • The TSS protocol that enables distributed threshold key-signing;
  • The Bifröst Signer Module that processes chain-specific transactions.

Apart from utilizing the platform for swapping tokens, users can also become liquidity providers (LPs) by supplying liquidity to various pools. Liquidity providers are rewarded with RUNE tokens from the Continuous Liquidity Pool (CLP). Besides, the THORChain crypto project employs a slip-based fee mechanism, which secures the liquidity provided by LPs in order to prevent impermanent losses.

If you're interested in the current THORChain price, check out the RUNE price chart above.

The Developers of THORChain

The development of the THORChain crypto project is unique in comparison to other similar projects. The network doesn't have any official founders, directors, CEOs, or other controlling entities. In fact, most of the people that are actively working on the project are anonymous. This is the case because the development of THORChain is managed using Gitlab, where nodes decide which codebase should be used.

As explained by THORChain's tweet, developers work for the nodes by releasing code that increases the value of the system. By protecting assets and being active, nodes support liquidity providers. Then, liquidity providers bring capital and place it on the market for swappers and arbitrageurs. Arbitrageurs and swappers stimulate the economy by paying fees.

Thus, the whole project is not profit-orientated, which means that the THORChain price value of all fees generated on the network is distributed among node operators and liquidity providers.

The project was officially launched in 2018. At the time, the RUNE price was around $0.01, and the asset was showing very low volatility. However, this changed in late 2020, when it started seeing more market activity.

The first significant market event occurred in the final days of December 2020. Then, the THORChain price surpassed $1 for the first time. In 2021, the asset peaked at $17.

How Does THORChain Function?

Cosmos SDK was used to develop THORChain. It is an open-source framework used to develop multi-asset public Proof-of-Stake (PoS) blockchains. Besides, THORChain uses Tendermint Byzantine Fault Tolerance (BFT) as its consensus mechanism to secure the network against Sybil attacks.

Tendermint provides THORChain with a novel BFT PoS consensus mechanism. How does it work? In essence, a large group of system validator nodes cooperates to propose and approve new transaction blocks. If you want to run a validator node, you must have high-performance hardware and software, in addition to staking at least 1,000,000 RUNE coins. However, if you're unable to do that, you can also delegate your THORChain tokens to validators, thus entitling them to share a portion of each block reward they get.

The Purpose of RUNE Coins

The RUNE token powers the whole THORChain crypto project. The following are the main functions of THORChain coins:

  • Governance. Owners of RUNE tokens can select which asset or chain they want to prioritize. They vote by providing liquidity to the pools of the assets they want to prioritize.
  • Security. Node operators must bond twice as many RUNE as they contributed to a pool in order to assure security. To guarantee that the node operators act in the network's best interests, the RUNE bonds are kept as collateral.
  • Settlement asset. To enable swaps between different liquidity pools, the RUNE token acts as a settlement asset. This means that the value of a certain asset reserve held in a liquidity pool must be equal to the value of RUNE tokens.
  • Incentives. Swap fees and block rewards are paid in RUNE coins.
  • Payment for fees. RUNE coins can be used to pay for gas fees.

If you're considering buying RUNE tokens, bear in mind that the THORChain price is prone to fluctuation. This happens because the asset is affected by the overall fluctuation of the crypto market, often following the trends set by major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

Tokenomics of RUNE

The max supply of THORChain tokens is 500 million RUNE. The asset is deflationary, meaning that the RUNE price will gain more value as the available supply grows shorter.

In July 2019, THORChain held an initial DEX offering (IDO) on the Binance exchange, during which 20 million RUNE tokens were sold. However, before this IDO, there were some other funding rounds organized, which overall resulted in 130 million RUNE tokens being sold.

What's THORChain trading volume in the last 24 hours?

RUNE has a trading volume of $58,035,007 in the last 24 hours.

What's THORChain highest price ever?

RUNE has a highest price of $21.26, which was reached on May 19, 2021 (1 year 8 months ago).

What's THORChain lowest price ever?

RUNE has a lowest price of $0.0079, which was reached on Sep 27, 2019 (3 years 4 months ago).

What are the best exchanges for buying and selling RUNE?

Currently, the most active and dominating exchanges for buying and selling THORChain are Binance, Kraken & Kucoin. The most popular THORChain trading pairs are RUNE/BUSD (on Binance ), RUNE/USDT (on Binance ), RUNE/BTC (on Binance ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping RUNE?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping THORChain. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

Pages Related to THORChain

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Current market Price of a specific cryptocurrency.

Learn this metric

The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

Learn this metric

The highest historical cryptocurrency value.

Learn this metric

The lowest historical cryptocurrency value.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

Learn this metric

The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

Learn this metric

Verified Data

THORChain project's Circulating Supply has been verified and is equal to:

Circulating Supply

327,056,566 RUNE

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric

The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric
Share it with your friends

Current price of THORChain is $1.83

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