
THORChain, a cross-chain liquidity protocol, is experiencing significant growth in its usage, total value locked (TVL), and daily trading volume, marking a notable surge in its fundamentals. The protocol has recently achieved an all-time high in pool liquidity and is expected to consistently handle over $1 billion in 24-hour trading volume. This comes after THORChain burnt 60 million RUNE to enhance its lending capacity, leading to a nearly 70% increase in the value of $RUNE over the past week. The platform offers zero interest loans, a feature particularly attractive in the current high-cost borrowing environment, drawing attention from users of other DeFi platforms such as MakerDAO, which recently raised its interest rate to 17.25%. THORChain's lending service, primarily facilitated through THORSwap, has seen a total of 3968 loans, with 3046 originating from THORSwap and a record loan size of 520.7 $eth ($2.1m). The protocol's treasury now holds 7 million RUNE for long-term ecosystem funding, with the rest of the supply either circulating, burnt, or locked. The recent developments and unique offerings of THORChain are positioning it as a significant player in the DeFi space.



This is another aspect of the flywheel about to kick in $RUNE https://t.co/hKpmbR7KoN
Make crypto cypherpunk again @THORChain volume now surpassing half a billion dollars per day Trade between BTC, ETH, stables Open-source and permissionless You can trade with the Thorchain protocol at https://t.co/SV3H3Qx7Lt. No accounts or KYC. https://t.co/mtx0ziZoD2
If you’re not turbo long $rune here I don’t know what you’re doing in the space @THORChain is the best defi setup I’ve ever seen here and it wasn’t even intended The Ethena yield situation pushes up the cost of borrowing so high on Aave, it makes TC’s flywheel irresistible