THORChain
DEX · Cross-Chain Native · RUNE
THORChain is an independent Cosmos-SDK L1 enabling native cross-chain swaps (native BTC <-> native ETH <-> native BNB, etc.) with no wrapping, using threshold-signature (TSS) vaults per supported chain.
Native cross-chain swaps with no wrapping.
Protocol TVL
$52.6M
+0.0% 24h
Latest data · 15 min delay
AI Agent Skill
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THORChain — Research Skill
Native cross-chain swaps with no wrapping.
thorchain · v1.0.0
Facts
| category | Network |
| symbol | RUNE |
| tagline | Native cross-chain swaps with no wrapping. |
| arbitrumNative | no |
| chains | THORChain L1, Bitcoin, Ethereum, BNB Chain, Avalanche, Cosmos, Bitcoin Cash, Litecoin, Dogecoin, Base |
| security | audited (OZ-derived · reported audited (no public link)) |
| memberCoins | 1 (RUNE) |
| tvl | $52.56M |
| marketCap | $134.87M |
| users | 95K |
Sections
Overview
THORChain is an independent Cosmos-SDK L1 enabling native cross-chain swaps (native BTC <-> native ETH <-> native BNB, etc.) with no wrapping, using threshold-signature (TSS) vaults per supported chain.
What makes it different
Native asset settlement (no wrapped tokens) across BTC/ETH/BNB and more via per-chain TSS vaults; RUNE is the settlement asset.
Components
- THORChain core product: THORChain is an independent Cosmos-SDK L1 enabling native cross-chain swaps (native BTC <-> native ETH <-> native BNB, etc.) with no wrapping, using threshold-signature (TSS) vaults per supported chain.
Member coins
- THORChain (RUNE) — Token, Settlement + governance asset
Risks
- Smart Contract: Recovered only partially after the Jan 2025 solvency event; THORFi lending and savers products were removed post-incident.
Actions
| Name | Signature | Access |
|---|---|---|
getProfile Read the CanHav profile for THORChain. | research_getEntity({ slug: "thorchain" }) | read-only |
listMembers List the member coins (stablecoins / tokens / RWAs) under this network. | research_listByCategory({ category: "networks" }) | read-only |
readLiveMetrics Read live on-chain supply / metadata for a member contract (Arbitrum). | chain_readLive({ address: "0x..." }) | read-only |
getHistory Pull historical peg / TVL series for a member protocol. | research_getHistory({ slug: "<member-slug>", metric: "peg" | "tvl" }) | read-only |
Glossary
- TVL
- Total value locked — assets held or managed by a protocol, in USD.
- APR
- Annual percentage rate — yield before compounding.
- RWA
- Real-world asset — an off-chain asset represented as an on-chain token.
- ERC-8004
- Trustless-agent identity standard; an agent's portable on-chain identity (ERC-721).