
THORChain Native Token Climbs 16% Following Mainnet Launch
The THORChain protocol is enjoying a RUNE token spike after officially its mainnet launch, following a four-year wait.
$1.45
1H
-0.95%$0.0139
24H
-0.07%$0.0010
7D
8.52%$0.1138
30D
-16.7%$0.2903
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.
The THORChain protocol is enjoying a RUNE token spike after officially its mainnet launch, following a four-year wait.
However, this being the digital age, tokens like THORChain (RUNE), PancakeSwap (CAKE), and Calyx Token (CLX) are being created to make investing in new projects more accessible, safer, and more profitable.
DeFi tokens are from ecosystems that want to bring decentralized finance to the masses via a connection of decentralized applications and projects.
Trading and staking competitions might not make you rich, but they can supplement your main income while providing an incentive to try out new exchanges.