THORChain describes itself as a decentralized liquidity network that allows users to swap assets instantly at manipulation-resistant market prices. Swaps are done through permissionless cross-chain liquidity pools that allow users to stake their assets to earn trading fees. Traders can monitor pool prices and earn by arbitraging back to fair market prices. Projects can reportedly stake their treasuries to give their tokens deep liquidity.

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Coin’s Details

  • Market Capitalization

    $79.1 M

  • Volume 24H

    $4.6 M

  • Blockchain

  • Circulating supply

    158 432 088

  • Total supply

    500 000 000

  • Proof type

    Proof of Stake (PoS)

  • Algorithm

    Delegated Proof of Stake (DPoS)

  • Team Location

  • First announced

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