Rune

Purpose and Utility

THORChain is a decentralized liquidity protocol that enables cross-chain asset swaps across different blockchain networks. RUNE serves as the native token of the THORChain protocol, used for governance, providing liquidity, and securing the network through its unique economic model.

Business Model

The protocol facilitates permissionless trading of digital assets across different blockchains without wrapping tokens or requiring centralized intermediaries. Liquidity providers earn fees by depositing assets, and node operators stake RUNE to secure the network. The model is transparent and doesn't involve interest-bearing products or gambling.

Real-World Adoption

THORChain has demonstrated significant adoption with over $500 million in Total Value Locked (TVL) as of 2024. The protocol processes millions in daily trading volume across multiple chains including Bitcoin, Ethereum, and other major networks.

Platform Development

The project maintains active development with regular updates to the core protocol. The THORChain team continues to expand chain integrations and improve security measures. The GitHub repository shows consistent contributions and technical progress.

Token Distribution

RUNE's distribution is relatively decentralized, with no significant concentration among founders. The initial distribution included vesting schedules for early contributors, and the majority of tokens are now circulating in the market or locked in protocol operations.