THORChain (RUNE) Could Become the #3 Crypto by Market Cap
THORChain (RUNE) has emerged as one of the top-performing decentralized exchanges (DEXs) in recent months, showcasing remarkable growth. The swap volume on the exchange surged by 186% in March and is up an impressive 1,532% since March last year.
THORChain stands out as the first DEX capable of swapping layer 1 Bitcoin for other layer 1 tokens without using wrapped tokens. This innovative approach allows users to swap Bitcoin with thousands of different cryptocurrencies directly from a self-custody wallet, eliminating the reliance on centralized exchanges (CEXs).
One of the key drivers behind RUNE’s performance is the introduction of a new feature on THORChain called streaming swaps. This feature breaks down large orders into numerous small swaps, significantly reducing the overall cos...