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THORChain Price (RUNE)

THORChain Price (RUNE)

Currency:
RUNE to USD:
1 THORChain equals $ 5.431942 USD+7.34%1D
Page last updated: 2024-12-21 08:34 (UTC+0)
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Note: This information is for reference only.

Price of RUNE today

The live price of THORChain is $ 5.431942 per (RUNE / USD) with a current market cap of $ 1.87B USD. 24-hour trading volume is $ 527.18M USD. RUNE to USD price is updated in real-time. THORChain is +7.34% in the last 24 hours with a circulating supply of 344.10M.
RUNE Price History USD
Date ComparisonAmount Change% Change
Today$ 0.37158+7.34%
30 Days$ 0.176773+3.36%
60 Days$ 0.297352+5.79%
90 Days$ 0.821634+17.82%

RUNE Market Information

24h Low & High
Low: $ 4.522094
High: $ 5.539099
The highest and lowest price paid for this asset in 24 hours.
All Time High
$ 21.26
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
-1.22%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
+7.34%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
-15.20%
The percentage change in price for this asset compared to 7 days ago.

RUNE Market Information

Popularity
#65
Popularity is based on the relative market cap of assets.
Market Cap
$ 1.87B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
$ 527.18M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
344.10M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
$ 2.26B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Issue Date
2019-06-20

What Can You Do With THORChain (RUNE)?

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About THORChain (RUNE)

THORChain (RUNE) is a Layer 1 blockchain protocol based on Cosmos SDK and Tendermint, which help ensure the security of its protocol. According to THORChain itself, its main purpose is to enable the seamless swapping of Layer 1 cryptocurrency coins with one another in a hassle-free, fully decentralized, and permissionless setting.

Liquidity used for swapping on the network comes from assets locked into liquidity pools by token holders. They lock various assets into existing pools on the platform in exchange for yields and rewards. THORChain is noted for being an effective bridge to swap popular cryptocurrencies such as Bitcoin and Ethereum, as well as engage in yield-generating activities.

RUNE is THORChain’s native cryptocurrency token and is needed to facilitate THORChain’s implementation and operation. RUNE price is updated and available in real time on Binance.

People Also Ask: Other Questions About THORChain

  1. When Was THORChain Launched?

    THORChain was first developed in 2018 by a group that was participating in a Dexathon — a Binance-sponsored coding competition. While THORChain did launch a beta version of its protocol that same year, the network transitioned in April 2021 and didn’t launch its full mainnet until June 2022.

  2. What is RUNE Used For?

    RUNE is used for all aspects of the THORChain ecosystem. One of its main functions is as a base pairing asset to swap any digital asset available on the platform. RUNE is also used in network governance for THORChain, as well as staking and bonding.

  3. What is RUNE Bonding?

    The RUNE bonding process entails an equivalent amount of RUNE pooled alongside assets that are pooled within the ecosystem. For instance, if $1 million worth of BTC is pooled in the ecosystem by peer liquidity providers, $1 million wirth RUNE will also be locked alongside this BTC as pooled liquidity.

  4. How Do Network Consensus and Validation Work on THORChain?

    THORChain operates as a Layer 1 blockchain solution that runs Tendermint and Threshold Signature Schemes (TSS), resulting in the network implementing a Byzantine Fault Tolerance (BFT) consensus mechanism. BFT prevents a network from being hijacked by isolating malicious nodes and protecting the rest of the network without interrupting its operations.

  5. Who is the THORChain Founder?

    THORChain is said to have no CEO, founders, or board. To this day, THORChain is still managed and operated by a team that remains largely anonymous. However, they do use Gitlab to manage future THORChain developments.

  6. What is the Maximum Token Supply of RUNE?

    RUNE has a maximum supply of 500 million tokens, with a circulating supply of approximately 327 million tokens at the time of writing.

  7. What is Different About THORChain?

    THORChain’s independent network sets it apart from many others that opt to develop Layer 2 protocols that do not operate independently. By pairing with RUNE, THORChain can pool and connect other Layer 1 digital assets. THORChain is also notable for having initially launched on Binance and the Ethereum mainnet.

  8. How To Buy RUNE?

    RUNE can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the Binance exchange. Live RUNE price is updated in real time on Binance. Additional RUNE price and purchase information is available in our How to Buy THORChain (RUNE) Guide.

RUNE to Local Currency

FiatPriceOperation
1 RUNE to TRY$ 5.431942
1 RUNE to RUB$ 5.431942
1 RUNE to EUR$ 5.431942
1 RUNE to AED$ 5.431942
1 RUNE to AUD$ 5.431942
1 RUNE to BRL$ 5.431942
1 RUNE to VND$ 5.431942
1 RUNE to IDR$ 5.431942
Last updated 2024/12/21 08:34 (UTC)

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