Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»THORChain (RUNE) Reports Significant Developments in 2024
ADOPTION NEWS

THORChain (RUNE) Reports Significant Developments in 2024

By Crypto FlexsJanuary 11, 20253 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
THORChain (RUNE) Reports Significant Developments in 2024
Share
Facebook Twitter LinkedIn Pinterest Email

just alvin
January 10, 2025 06:26

THORChain’s 2024 year-end report highlights key developments, including new integrations, liquidity changes, and strategic upgrades to improve the efficiency and security of the network.





THORChain, a decentralized liquidity protocol, has released its comprehensive 2024 year-end and fourth quarter report detailing the significant developments and strategic changes that have occurred over the past year. According to Nine Realms, the report presents a series of key indicators and developments aimed at improving the efficiency and security of the protocol.

Key indicators and financial overview

During the fourth quarter of 2024, THORChain reported a total trading volume of USD 13.9 billion, with a peak 24-hour volume of USD 334 million. However, total liquidity decreased from $503 million to $259 million, a decline of 48%. Liquidity fees collected amounted to $5.28 million and affiliate revenue amounted to $3.92 million. The report also highlighted the breakdown of LP returns, with 27.83% attributable to liquidity fees and 72.17% attributable to block rewards.

Swap Path and Liquidity Fees

Top swap paths by USD trading volume included BTC<>RUNE, ETH<>RUNE, and BTC<>ETH, with BTC<>RUNE leading with over $2.6 billion. Similarly, in the top path based on liquidity fees, BTC<>RUNE led the way, generating fees of $956,030.

Integrations and Protocol Enhancements

In the fourth quarter, THORChain introduced several integrations, including Ledger Live, Bitget Wallet, and Gem Wallet via SwapKit. A notable change is that the minimum swap fee has been adjusted to 8bp, twice that of a double swap. This change aligns streaming swap slippage targets with minimum slip fees.

Additional protocol improvements include the ability to specify multiple names on swap notes for affiliate commission distribution, providing a significant upgrade to revenue sharing capabilities. The incentive pendulum has also swung back to its original form, now favoring a liquidity pool that earns 75% of all rewards in Q4 2024, taking into account all RUNEs from all nodes.

Strategic Upgrades and Future Prospects

THORChain has implemented several strategic upgrades, including reducing churn migration rounds to reduce gas costs, consuming 5% of system revenue, and updating Cosmos SDK v0.50 to enable future features. The introduction of the Cosmos upgrade module enables a smooth hard fork, preventing consensus failure.

In the future, THORChain plans to focus on strengthening the app layer and moving away from the basic protocol layer to mitigate risks. Potential future developments include integration of Solana Chain and using IBC to expand asset offerings within the app layer.

The report concludes with a focus on proactive yield improvement, with the goal of improving the liquidity delivery experience by allowing yield streaming to a variety of layer 1 assets.

For a detailed report, visit the original source on Medium.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025
Most Popular

You can profit by using this token

April 28, 2024

Crypto analyst sounds buy alarm for Dogecoin.

April 21, 2024

Bitcoin-centric app Fold plans to go public via special purpose acquisition company

July 24, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.