THORChain
ClaimTHORChain is a decentralized, permissionless layer 1 protocol that enables cross-chain cryptocurrency swaps without centralized exchanges, wrapped tokens, or identity verification.
Key numbers · TVL $32M · per DefiLlama · updated Sep 20
Overview
THORChain operates a decentralized exchange that lets users swap native cryptocurrencies across 13 blockchains directly from self-custody wallets, with no account creation or KYC required. The protocol uses RUNE as the settlement asset paired in all liquidity pools, replacing the need for wrapped tokens or bridges. Apps, wallets, and websites can integrate THORChain via a free API and attach a custom fee to swaps. A network of 95 nodes secures the protocol, and all transactions are executed on-chain.
Recent activity
Now supports Base, Bitcoin, Ethereum, XRP Ledger, BNB Smart Chain, Solana, TRON, Zcash, Dogecoin, Bitcoin Cash, Litecoin, Avalanche, Cosmos chains
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Secures network with a decentralized set of 111 nodes
TCY token receives 10% of THORChain's protocol fees with no bonding or pooling required
Released THORChain Quarterly Report for Q3 2026
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Published THORChain Protocol Upgrade v3.21
