THORChain has announced an increase in lending caps, allowing users to open loans with a 50% Loan-to-Value (LTV) ratio, without liquidations, expiry, or interest, and with a minimum term of 30 days. Native BTC or ETH can be used as collateral, supported by interfaces such as THORSwap, Lends_so, and ShapeShift. The platform has experienced a significant influx of collateral, with rates increasing from $1 million per day to $1 million per hour, indicating that lending caps could be reached within a week. This surge in activity has also led to a substantial burn of 1 million RUNE ($7 million), and an increase in BTC and ETH collateral by 23% and 40%, respectively. THORChain's token, RUNE, has seen a price surge of 56% in the last 14 days, with daily on-chain volume surpassing $500 million. Furthermore, a significant $RUNE burn has created space for additional lending collateral, allowing for approximately 2000 Bitcoin or 36,000 ETH in THORChain lending.