Category: Thorchain

RUNE Price Analysis: Rune Chart Hints 20% Jump Before Next Correction

The THORChain (RUNE) traders can maintain a bullish view until the price sustains above the rising parallel channel pattern. Moreover, a recent reversal from the support trendline should trigger a bull run with its target at the resistance trendline. However, as per the technical setup, this pattern may courage a significant price correction after a […]

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Thorchain’s RUNE Appreciates 170% and DeFi TVL Grows 100% Over Last Month, Here’s Why

RUNE, the native cryptocurrency of THORChain has seen strong price appreciation over the last three weeks despite heavy volatility in the crypto space. The RUNE price has appreciated 173% despite the broader market correction since February 24, the day Russia announced its invasion into Ukraine. Furthermore, the total-value-locked (TVL) by RUNE in decentralized finance (DeFi) […]

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Value Locked in Defi Slips 10% in 4 Days, Ethereum TVL Dominates at 58%

Value Locked in Defi Slips 10% in 4 Days, Ethereum TVL Dominates at 58%

Four days ago, the total value locked (TVL) in decentralized finance (defi) was coasting along at $255.84 billion and since then, the TVL has dropped ​​8.55% in value. During the last 24 hours, the TVL has slid 2.80%, and Curve’s $23 billion locked today represents 9.84% dominance. Value Locked in Defi Takes a Hit, TVL […]

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Defi TVL Jumps 12% Since Mid-December, Close to $25B in Bridges, Convex Gains on Curve’s Dominance

Defi TVL Jumps 12% Since Mid-December, Close to $25B in Bridges, Convex Gains on Curve’s Dominance

The total value locked (TVL) in decentralized finance (defi) has risen 4% during the first four days of the new year from $245 billion on January 1, to $255.84 billion three days later. While the defi protocol Curve Finance dominates with a TVL of $24.44 billion, Convex Finance is closing in on the dominance with […]

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Swarm of Alternative Crypto Assets Outpace Bitcoin’s Gains by Double Digits This Week

Swarm of Alternative Crypto Assets Outpace Bitcoin’s Gains by Double Digits This Week

After the price of bitcoin tapped an all-time high above the $67K handle, it then dropped below the $60K zone to $59,510 per unit. Since then, the leading crypto asset has regained some of the losses and bitcoin is still up 2.4% during the last seven days. However, a great number of crypto assets have […]

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ThorChain-based DEX ThorSwap raises $3.75 million in a private token sale

ThorChain-based DEX ThorSwap raises $3.75 million in a private token sale

ThorSwap, a decentralized exchange (DEX) built on top of the cross-chain liquidity protocol ThorChain, has raised $3.75 million in a private token sale round. IDEO CoLab Ventures led the round, with True Ventures, Sanctor Capital, THORChain, Nine Realms, Proof Group, 0xVentures, Qi Capital, and others participating. The new capital will help ThorSwap scale its platform […]

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Thorchain Trolled by Hacker After Two Successful Seven-Figure Exploits

Thorchain Trolled by Hacker After Two Successful Seven-Figure Exploits

Thorchain, a popular defi protocol, has been compromised twice in the last two weeks, resulting in losses of over $10,000,000. The hacker responsible for the latest exploit left behind a message detailing the measures that should be undertaken to protect users. Hacker Returns to the Scene to Lecture on Security In another blow against the […]

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Thorchain suffers $8 million loss by hacker wanting to ‘teach lesson’

Thorchain suffers $8 million loss by hacker wanting to ‘teach lesson’

Thorchain has been exploited for the third time in a month, bringing total losses to around $13 million. The platform, which looks after $100 million in funds, is designed for exchanging crypto tokens across different blockchains. In this attack, the platform was exploited for $8 million as the hacker was able to trick the network […]

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