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THORChain's Q3 2024: New Developments and Strategic Shifts

Mary-Kate Olsen

Oct 08, 2024 pm 03:10 PM

thorchain Q3 2024 New Developments Strategic Shifts

THORChain's Q3 2024 report highlights new integrations, a focus on risk management, and strategic shifts towards the App Layer, enhancing the ecosystem's resilience and innovation.

THORChain's Q3 2024: New Developments and Strategic Shifts

Highlights from THORChain's Q3 2024 report:

- New integrations include OKX via SwapKit, Zengo, and Li.Fi for Bitcoin swaps.

- Key developments feature RUNEPool, a dual liquidity primitive, and a network hard fork that upgrades the Cosmos SDK version.

- Performance metrics include a total USD volume of $8.17 billion, with the highest 24-hour volume reaching $284 million, and a 12% increase in total liquidity.

- Strategic shifts include pivoting towards the App Layer to de-risk the base protocol and upcoming integrations with the Base and Solana chains.

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