THORChain's Largest $6.8M Swap: 100 $BTC to 1,731.64 $ETH

THORChain, a decentralized finance protocol, has achieved significant milestones, including executing the largest swap to date with a 100 $BTC to 1,731.64 $ETH transaction, valued at approximately $6.8 million. This swap was completed with a 3BPS slippage and a 0.15% affiliate fee, showcasing the efficiency of THORChain's XYK AMM system for handling transactions between non-like assets with a liquidity fee of $3.5K. The protocol has seen rapid growth, with a daily trading volume crossing $500 million, driven by the increasing demand for blockchain interoperability and the rise of alt layer 1 blockchains. Reflexivity has released their first research report on THORChain, highlighting its importance for scalable rails for native assets, especially Bitcoin. Additionally, THORChain announced a record in swaps, volumes, users, and total value locked (TVL), indicating a significant redemption arc and its position as a leading cross-chain DEX.