THORChain has announced significant updates to its platform, including the burning of 60 million $RUNE from its Standby Reserve, which has created space for approximately $140 million in lending collateral. This move allows for around 2000 Bitcoin or 36,000 ETH in THORChain lending without liquidations or interest. Following these developments, $RUNE's price surged by 58.9%. The platform's daily volume hit a record high of over $500 million on March 7th, with $RUNE's value increasing by 56% in the last 14 days. Additionally, THORChain has raised its lending caps, enabling users to open loans with 50% loan-to-value (LTV) ratios, no liquidations, no expiry, and no interest, accepting native BTC or ETH as collateral. These updates have led to a significant increase in on-chain activity and adoption, with loans on THORChain nearly doubling in the last 24 hours. The updates were executed following a 100% node update, opening approximately $100 million in collateral space. Since the lending cap increase, 1 million $RUNE ($7 million) were burned, with 88 BTC and 1485 ETH onboarded as collateral, showing increases of 23% and 40%, respectively.