.@THORChain is well on its way to becoming a liquidity black hole and approaching Valhalla
After the network was relaunched, its recovered to reach ATHs of $1 bn in total TVL, $500mn in its liquidity pools, and $2bn in swap volume all in the month of March.
After the network was relaunched, its recovered to reach ATHs of $1 bn in total TVL, $500mn in its liquidity pools, and $2bn in swap volume all in the month of March.
Last month, @THORChain integrated Terra onto the network. In 3 weeks the network amassed $90mn in #UST and #LUNA liquidity.
11 days into April, THORChain has already done $1bn in swapping volume, with UST being the 2nd most traded asset. UST should surpass BUSD in no time
11 days into April, THORChain has already done $1bn in swapping volume, with UST being the 2nd most traded asset. UST should surpass BUSD in no time
For the first time, THORChain allows #Bitcoin holders to earn yield on the NATIVE asset. No centralized custodians, no wrapping, and no bridging. It currently has the highest APY out there for Bitcoin.
Thanks to the determinsitic pricing mechanism, the minimum #RUNE price can be projected based off potential future TVL growth. Assuming 3% of UST from Anchor and 5% of BTC at work on Ethereum come to THORChain in search for higher yields, the floor price of rune could inc. 484%!
THORFi is the final building block needed for THORChain to become a premier DeFi hub with a full suite of financial products including lending, saving accounts & a stablecoin
Check out my article on @MessariCrypto for further in depth info on the network
messari.io/article/thorch…
Check out my article on @MessariCrypto for further in depth info on the network
messari.io/article/thorch…
shoutout to the data wizard @mikeykremer for the data !! give him a follow
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