THORChain

Q: How does THORChain differ from other decentralized exchanges?

THORChain distinguishes itself with a 24h trading volume of $11.74M. Ranked #64 among DEX platforms on DEXCEX.

Q: What is THORChain's 24h trading volume?

THORChain has a 24-hour trading volume of $11.74M, a -0.02% change from the previous day. The 7-day volume is $85.08M and the 30-day volume is $323.95M.

Q: How many trading pairs does THORChain support?

THORChain supports 33 trading pairs across 34 listed coins.

Q: What are THORChain's trading fees?

Fee information for THORChain varies by trading pair and user tier. Check the official fee schedule for current rates.

Q: What is the difference between a DEX and a CEX?

A DEX lets users trade crypto directly from their wallets via smart contracts with no central authority. A CEX acts as a middleman, holding user deposits and matching orders centrally. THORChain is a DEX.

DEXRank #64

Launched: 2021-04-12

Website Twitter Chat Blog Fees

Volume 24h

$11.74M

Volume 7d

$85.08M

Volume 30d

$323.95M

Vol. Change 24h

-0.02%

Trading Pairs

Coins Listed

Monthly Visits

6.4K

Weekly Visits

1.5K

Best Referral Code

N/A

Liquidity (24h)

N/A

Traffic Score

N/A

Maker / Taker Fee

N/A

THORChain Trading Volume History

Daily 24h volume snapshots collected by DEXCEX

Latest

$11.74M

Avg

$44.74M

Range

$5.63M – $454.93M

Period change

-18.09%

Trade on THORChain

Access 33 trading pairs across 34 coins directly on THORChain.

Top trading pairs on THORChain

Showing top 15 of 33 live pairs by 24h trading volume.

#	Pair	Price	Volume (24h)	Share	Type
1	BTC/RUNE	$77,276.67	$4.92M	41.91%	spot
2	ETH/RUNE	$2,290.28	$2.30M	19.60%	spot
3	USDT/RUNE	$0.998671	$1.43M	12.21%	spot
4	USDC/RUNE	$0.998700	$1.04M	8.83%	spot
5	WBTC/RUNE	$77,078.52	$379.72K	3.23%	spot
6	BCH/RUNE	$451.7064	$339.00K	2.89%	spot
7	DAI/RUNE	$0.998602	$316.63K	2.70%	spot
8	BNB/RUNE	$622.4580	$216.09K	1.84%	spot
9	DOGE/RUNE	$0.097793	$169.84K	1.45%	spot
10	XRP/RUNE	$1.3975	$109.29K	0.93%	spot
11	AVAX/RUNE	$9.1912	$96.05K	0.82%	spot
12	ATOM/RUNE	$1.9762	$81.01K	0.69%	spot
13	THOR/RUNE	$0.061278	$80.31K	0.68%	spot
14	LUSD/RUNE	$0.995405	$49.53K	0.42%	spot
15	BTCB/RUNE	$77,421.77	$47.21K	0.40%	spot

About THORChain

What is THORChain? THORChain is the first decentralized exchange (DEX) to swap Bitcoin, and other UTXO chains, with Ethereum, and other EVM chains

All without using wrapped tokens. Users can swap Bitcoin with any self-custody wallet in the world. THORChain uses an automated market maker (AMM) model with continuous liquidity pools (CLP) which results in constant liquidity thanks to the “constant product” formula. Traders are also able to enter limit orders, however the trades clear through the pools therefore limit orders on THORChain do not act like a traditional order book.

Who is the Founder of THORChain? THORChain was originally developed by a group of anonymous developers

The most publicly associated individuals with founding the protocol are John-Paul Thorbjornsen (JP Thor) and Chad Barraford.

When did THORChain Launch? The first public test net was launched in June 2020

In August 2020, Single Chain Chaos Net (SCCN) was launched. SCCN only had BNB Beacon Chain tokens available to swap. In April 2021, a beta version of the protocol launched, called Multi Chain Chaos Net (MCCN). It could swap BTC, ETH, BNB, BCH, and LTC. After a year’s worth of fixes, improvements, and stability, the development team announced Mainnet (alpha version) in June 2022.

Where is THORChain Located? THORChain is decentralized

There is no head office or DAO. THORChain Restricted Countries THORChain is open source and permissionless. Anyone in the world can interact with the protocol. However, interfaces that offer access to THORChain may implement their own screening techniques. THORChain Supported Coins List THORChain currently supports swapping between 11 different blockchains. Assets available to swap on THORChain include the following: Bitcoin (BTC) Ethereum (ETH) Tether (USDT) BNB (BNB) XRPL (XRP) USDC (USDC) Tron (TRX) Dogecoin (DOGE) Bitcoin Cash (BCH) Wrapped Bitcoin (WBTC) Chainlink (LINK) Litecoin (LTC) Dai (DAI) Avalanche (AVAX) Aave (AAVE) Cosmos (ATOM) Base (BASE)

How Much are THORChain Fees? The swap fees on THORChain are set by the node operators

The setting is in basis points (bps) under L1SLIPMINBPS. If L1SLIPMINBPS is set at 10, then the fee to swap on THORChain is 20 bps (0.2%). Because every swap on THORChain is actually two swaps between two different pools. For example, to swap BTC for ETH, BTC is sold into the pool for RUNE then RUNE is sold into the ETH pool, and ETH is sent to the user. The user does not have to own any RUNE to facilitate the transaction, the fees are deducted from the token being swapped.

Is it Possible to use Leverage or Margin Trade on THORChain? Yes, on THORChain’s app layer developed by Rujira, it is possible to use leverage and margin trade.

THORChain in the DEX Ranking on dexcex.io

THORChain is tracked in the DEX Ranking on dexcex.io alongside every other major decentralized exchange. It currently sits at #64 in our DEX Ranking based on DEX volume, liquidity and supported pairs.

Compare THORChain's DEX volume against other top venues in the DEX Ranking on dexcex.io, then cross-check the largest tokens it lists in our crypto rankings to see where on-chain activity is concentrated.

dexcex.io combines the DEX Ranking, the CEX Ranking and full crypto rankings in one portal, so you can move from this THORChain profile straight into the broader market context without leaving the site.

Frequently Asked Questions about THORChain

What is THORChain and is it a DEX or CEX?

THORChain is a decentralized exchange (DEX), launched on 2021-04-12. As a DEX, it uses smart contracts and automated market makers (AMMs) to facilitate peer-to-peer trading without intermediaries.

How does THORChain work?

THORChain operates as a decentralized exchange where trades are executed via smart contracts on the blockchain. Users connect their crypto wallets (such as MetaMask, Phantom, or Trust Wallet) directly to the platform and swap tokens without depositing funds to a centralized entity. The platform currently supports 33 trading pairs. Transactions are settled on-chain, ensuring full transparency and user custody of assets at all times.

How does THORChain differ from other decentralized exchanges?

THORChain distinguishes itself among DEXs with a 24-hour trading volume of $11.74M. It is currently ranked #64 among DEX platforms on DEXCEX. Key differentiating factors for DEXs include the underlying blockchain, supported token standards, liquidity depth, trading fees, and whether the platform uses an AMM model or an on-chain order book.

What is THORChain's 24h trading volume?

THORChain currently has a 24-hour trading volume of $11.74M, which has changed by -0.02% compared to the previous day. The 7-day volume is $85.08M and the 30-day volume is $323.95M. DEX volume is a key indicator of exchange liquidity and activity.

How many trading pairs does THORChain support?

THORChain currently supports 33 trading pairs across 34 listed coins. More trading pairs generally means more options for traders to diversify their crypto portfolio.

What are THORChain's trading fees?

Detailed fee information for THORChain may vary by trading pair and user tier. Check the exchange's official fee schedule for the most up-to-date rates.

Where does THORChain rank among DEX exchanges?

THORChain is ranked #64 in the DEX ranking on DEXCEX based on trading volume, liquidity score and other key metrics.

What is the difference between a DEX and a CEX?

A DEX (decentralized exchange) lets users trade crypto directly from their wallets via smart contracts — there is no central authority holding funds. A CEX (centralized exchange) acts as a middleman, holding user deposits and matching orders through a centralized order book. DEXs offer self-custody and transparency, while CEXs typically provide faster execution, fiat on-ramps, and more advanced trading products. THORChain is a DEX, meaning users retain custody of their assets.

How much web traffic does THORChain receive?

THORChain receives approximately 6.4K monthly visits (1.5K weekly). Web traffic is an important metric for evaluating exchange popularity and user adoption in DEX rankings.

What is THORChain's liquidity score?

The liquidity score for THORChain is currently not available. Liquidity is a critical factor for trade execution quality and is factored into DEX rankings on DEXCEX.

Is THORChain safe to use for crypto trading?

THORChain is listed on DEXCEX. As a decentralized exchange, users maintain custody of their own funds through non-custodial wallets. Always verify smart contract addresses and use hardware wallets for large trades. DEXCEX provides data and rankings but does not endorse any specific exchange.