An icon of the cryptocurrency THORChain (RUNE)

THORChain (RUNE) price

THORChain (RUNE) live price in US dollar (USD). View value statistics, market cap and supply.

RUNE price chart

Price to USD
24h change
$ 8.28
+11.05%
$

Convert RUNE to USD

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RUNE value statistics

An overview showing the statistics of THORChain, such as the base and quote currency, the rank, and trading volume.

Price to USD $ 8.28
Price to BTC 0.000188 BTC
Rank
70
24h volume
$ 102.10 million
Market cap
$ 1.86 billion
Fully diluted market cap
$ 3.82 billion
All-time high (daily avg.)
$ 19.90 on 5/18/2021

Supply information

View the total and circulating supply of THORChain, including details on how the supplies are calculated.

Details
Total supply 461.67 million RUNE
Burned, team or smart contract locked balances. - 237.26 million RUNE
Circulating supply 224.41 million RUNE
Verified supply
48.6%
Updated 17 hours ago
Circulating supply
224.41 million RUNE
Total supply
461.67 million RUNE
Asset name
RUNE-B1A
Issuance blockchain
BinanceChain

What is THORChain

RUNE is the base currency and is required to be provided along side every asset in pools. Without a native settlement currency, each asset would need to be pooled with every other asset, which would eventually result in hundreds of new pools to be created for just one new asset, diluting liquidity. If THORChain supported 1,000 chains, it would only need 1,000 pools. A competitor would need a whopping 499,500 pools… try to make those deep and useful. Illiquid pools are the enemy (ᚱ) RUNE fights.

Since (ᚱ) RUNE is bonded to assets in its pools, then as the value of those assets increase, then the (ᚱ) RUNE value will also increase. This means the system can become "aware" of the value of the assets it is trying to secure. Once it is aware of the value of the assets it is securing, it can use incentives to ensure security of those assets.(ᚱ) RUNE is worth 3X the value pooled of assets like BTC, ETH or BNB in its network.

Sybil-resistance refers to the ability to prevent someone masquarading as many identities in order to overcome a network. THORChain could be called a Proof of Bond network. In THORChain the nodes commit a (ᚱ) RUNE bond i.e. minimum of 1,000,000 (ᚱ) RUNE in order to be churned into the network. If the node attempts to steal assets, then their bond is deducted to the amount of the assets they stole (1.5X), and the pools are made whole. Additionally, nodes have to perform a lot of mandatory services, else their (ᚱ) RUNE bond is deducted.

Top THORChain exchanges

The top crypto exchanges that have THORChain available for trading, ranked by 24h trading volume and the current price.

Exchange 24h volume
$ 77.77 million
$ 8.32
$ 14.40 million
$ 8.28
$ 3.16 million
$ 8.21
$ 1.14 million
$ 8.74
$ 1.02 million
$ 8.32
All RUNE exchanges

Top THORChain markets

A list of the top THORChain markets across all crypto exchanges based on the highest 24h trading volume, with their current price.

Market 24h volume
1 RUNE/USDT Binance
$ 52.21 million
$ 8.33
2 RUNE/BUSD Binance
$ 15.73 million
$ 8.31
$ 13.08 million
$ 8.28
4 RUNE/BTC Binance
$ 6.68 million
$ 8.30
5 BNB/RUNE THORChain
$ 3.16 million
$ 8.21
All RUNE markets
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