In a significant development in the cryptocurrency market, a series of high-value streaming swaps were executed through THORSwap, showcasing the platform's capability to handle large transactions efficiently. One notable transaction involved swapping 350.0 ETH for 17.6 BTC, valued at approximately $1.2 million. This swap was completed with a minimal slip of 0.030% and a liquidity fee of $590.4, resulting in estimated savings of $195.1 compared to traditional centralized exchange fees. The transaction took 1 hour and 20 minutes to complete. Other transactions included swapping 15.2 BTC for ETH.USDT, with 175 swaps occurring every 3 blocks over a duration of approximately 52 minutes and 30 seconds, plus an outbound delay. Additionally, transactions involving the exchange of 1.24 BTC for 80,689.909369 USDC ($81,285.72 to $80,591.47) and 1.50436194 BTC for 29.84315934 ETH ($98,809.50 to $98,164.00) were also reported, highlighting the diverse range of swaps facilitated by THORSwap. The platform's integration with Chainflip and tracking on Etherscan further enhances its transparency and trustworthiness in the crypto trading community.
THORChain swaps now tracked on @etherscan https://t.co/LF25vsxAsF
The swap evolution continues... 🐳 wen? @Chainflip https://t.co/lFUbNawY6n
🦈 Swapped https://t.co/IqdbgOFgbT ➡️ 1.24 $BTC ($81,285.72) ⬅️ 80,689.909369 $USDC ($80,591.47) ☑️ via @THORSwap #chainflip #flip