THORChain

$0.6303
-15.6%past year

Code is moving, $1.92M in fees this month, sources agree.

Code

211+ commits in 90 days from 7 people

Human commits in the five most recently pushed repos.

Nov 9Nov 1
Last push
Nov 3, 2026
thorchain · official site, CoinGecko
Usage

$1.92M in fees over 30 days

Fees paid on this chain. Fees include what users pay to everyone, not just the protocol. Source: DefiLlama.

Nov 4Nov 3
Revenue, 30d
$509K
TVL
$32.7M
Numbers

CoinGecko and CoinMarketCap agree

CGCMC
Price$0.6527$0.6525Agree
Supply329M329MAgree
Mcap$215M$215MAgree
Volume$220M$23.5M×9.36

We show both and don’t say which is right. CoinGecko, CoinMarketCap

Paper → real

About $215M of $231M is real

Selling everything at 2% a day would take 49 days.

Paper (all tokens)$231M
Market cap$215M
Real$215M

Real is the market cap scaled down when its order-book depth is below what is typical for a token of its size. An estimate, not a price.

Where it lives

20 tokens under its ticker that no list knows

UnknownSolanaTHORChain 6XYxfx…axtc$16.1Kclaims $726M
UnknownEthereumTHORChain ETH.RUNE 0x3155…49cb$14.2Kcan mint
UnknownBNB ChainRune 0xA977…153E$4.7Kcan mint
UnknownSolanaSOL Escape 8XRzQi…rune$417
UnknownBaseTHORChain Network (RUNE) 0x427A…14C4$14.6claims $102K
UnknownBaseTHORChain Network (RUNE) 0xE2d9…e39B$5.5claims $112K

Copies are what DEX search finds under the same ticker. Liquidity counts only pools against real assets; a pool against a made-up token can claim any figure.

Leverage

$13.3M in open futures, 6.2% of the market cap

Closing them all by force would take 3 days of 2% sell depth.

Funding, 8h
+0.0079% · longs pay shorts
Futures volume
$38.5M · 0.2× the spot volume · open interest turned over 2.9×
Liquidated, 24h
longs $4.14K · shorts $12.5
Venues
Bybit, Hyperliquid, Binance

Perpetual futures on Binance, Bybit, OKX and Hyperliquid, read hourly; CME and other venues are not counted. Liquidations from Bybit (every one), Binance (the largest per second) and OKX (its latest orders each hour): a lower bound.

Where Hyperliquid positions get liquidated

longs, closed below the priceshorts, closed above

within 5%: longs $0 below · shorts $0 above

1 open positions of the largest accounts and busiest traders, whose liquidation prices Hyperliquid publishes. Exact, not a model, but Hyperliquid only.

On-chain

Its own chain: no token contract to check

Read from the chain and GoPlus. Powers are facts about the contract, not a verdict on the team.

Run this project? Make it official.

Prove you run it and point us to your repo, supply page and unlocks. It appears here labelled as yours, next to what we found.

More dossiers