THORChain Sees $20B in Swaps, Partners with Team Kujira for $RUJI, and Surges 14% with 390k New Users

THORChain, a decentralized cross-chain liquidity protocol, has seen significant activity in 2024, with over $20 billion in swaps recorded this year. The platform has recently announced a partnership with Team Kujira, which has generated excitement within both communities. The collaboration is expected to enhance THORChain's liquidity and introduce new decentralized finance (DeFi) products. Additionally, THORChain has experienced a surge in new users, with recent reports indicating that new users are outnumbering existing ones by three times, totaling over 390,000 new users who have made multiple swaps. The price of THORChain has also increased, rising by 14% on August 14, making it one of the top gainers in the crypto market. Other notable developments include the emergence of various DeFi projects and tools that utilize THORChain's infrastructure, further solidifying its position in the decentralized finance landscape.