Let’s launch RUNE/USDC!
THORChain is the cross-chain Uniswap, a decentralized liquidity network and AMM enabling trustless & permissionless exchange of assets across chain. ie. Layer 1 asset swaps, no pegged assets. THORChain should need no introduction.
The network was launched as a single chain chaosnet in 2020 and multichain chaosnet will be live Q1 this year supporting bitcoin, ethereum, bcash, litecoin, haven, binance chain, monero, dot and more.
THORChain is well known in DeFi, has a strong meme game and features many prominent funds as investors including Delphi. Read the 30+ page report on THORChain here: https://twitter.com/Delphi_Digital/status/1334554873292091392
$RUNE is the network asset of THORChain and responsible for the security of the network + functions as the settlement currency enabling deeply liquid pools without the dilution effect of exchange pairs. It is not a utility token. RUNE has seen over 1700% appreciation in 12 months and was the best performing exchange token of 2020.
The market capitalisation of $RUNE has grown from $1mm in 2019 to $500mm in 2021. The marketcap of RUNE is directly tied to the TVL of the network, however today has a speculative premium attached.
RUNE is liquid on FTX, Binance CEX and of course on BEPSwap where the total daily volume exceeds the TVL of the network. RUNE is deeply liquid and already has perp futures on binance & ftx.
Since RUNE is a BEP2 asset, the team recently created ERC20 RUNE and a trusted bridge. RUNE has liquid markets on both sushi & uniswap. Liquidity will continue to increase on the ERC20 version.