Is THORChain Taking Over DeFi? 🔥
#THORChain , a decentralized exchange protocol, gained prominence with a $1.32 billion weekly trading volume, ranking third among non-centralized exchanges, trailing only Uniswap and PancakeSwap.
The native asset, Rune (#RUNE ), saw a 51% increase in the past week and over 200% in the last 30 days. Despite a developer's earlier estimate, THORChain surpassed Curve Finance's position swiftly.
This multichain platform, often likened to Uniswap, enables users to trade native Bitcoin for Ether on #THORSwap .
Noteworthy is its impressive average annual percentage rate (APR) of nearly 44%, with some liquidity pools offering over 353% APR.
Launched in 2018 at the Binance Dexathon, THORChain's rapid rise in the DeFi landscape reflects its growing dominance.
