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.
RUNE price
$0.4073
+3.2% 24h
Latest data · 15 min delay
Competitors
Ranked top→bottom — who competes with THORChain and how they differ.
| # | Competitor | Positioning | Similarities | Differentiator |
|---|---|---|---|---|
| 1 | Uniswap | The largest spot DEX by volume. | Both let users swap tokens against on-chain liquidity without an intermediary. | Uniswap is the deepest multi-chain AMM with concentrated liquidity (V3) and customizable pools via hooks (V4). |