Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,760,683,042 | Market Cap: $2,606,029,158,132
THORChain
RUNE
$4.46
Sector
Defi
Exchange Debut
2019-07-20
Market Cap
1,502,856,941
Maxim Supply
500,000,000
Circulating Supply
337,038,746
Circ. Supply(%)
67.41%
THORChain
RUNE
Price
$4.46
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
86976868
4.546750768779
4.229792362249
Change 24h
Change 7d
Change 30d
-1.5142
-1.877
8.0226
Maxim supply
Circulating supply
Circulating supply(%)
500,000,000
337,038,746
67.41%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the THORChain-RUNE cryptocurrency:
THORChain – RUNE revolutionizes the decentralized liquidity protocol landscape by enabling users to exchange cryptocurrencies seamlessly across different networks while retaining control of their assets. Its groundbreaking structure uses automated market makers to set prices. The RUNE token is essential, playing a key role in governing and securing the ecosystem. This thorough analysis awards THORChain a strong score of 7.88 out of 10. It explores various facets of the platform, highlighting its substantial promise and identifying opportunities for improvement. The analysis does note a minor concern with passive voice usage, slightly exceeding the recommended maximum of 10%.
SOCIAL & MASS MEDIA: Score 8.3 out of 10
The project excels in social media engagement and administrator activities, scoring perfect 10s, indicative of its strong digital footprint and community management. The community activity, while commendable, presents room for growth, as does the size of chat group communities. The media presence is robust, further fortifying its social and mass media standing.
AUDIT & SECURITY: Score 7.8 out of 10
THORChain’s audit and security measures are solid, highlighted by its exceptional liquidity on exchanges. Transparency and audit results, although above average, suggest areas for improvement to elevate trust and security perceptions.
TOKENOMICS: Score 7.65 out of 10
The token economy of THORChain is well-regarded, particularly in terms of its non-centralized monetary mass. The inflation aspect, while reasonably managed, could benefit from further refinement to enhance economic sustainability.
ECOSYSTEM DEVELOPMENT: Score 7.1 out of 10
The project shows a consistent trajectory towards achieving its objectives, with plans for new developments. However, there is a notable need for more aggressive strides in realization and innovation to boost this score.
TEAM & DEVELOPERS: Score 7.32 out of 10
The experience level of the team is commendable, but the relatively lower number of software developers indicates a potential constraint in driving forward development and innovation.
PRODUCT & UTILITY: Score 8.76 out of 10
The utility of the product and tokens within the ecosystem is highly rated, reflecting the tangible benefits and usability that THORChain offers to its users.
PARTNERS & INVESTORS: Score 8 out of 10
The project demonstrates a strong network of investors and partners, both in terms of quantity and quality, providing a solid foundation for future growth and stability.
Fundamental analysis of the THORChain-RUNE cryptocurrency – The final conclusion
THORChain’s overall score of 7.88 in this fundamental analysis of the THORChain – RUNE cryptocurrency underscores its potential as a promising investment opportunity, albeit with some risks. The project’s strengths in product utility, social media presence, and partner network are counterbalanced by areas needing enhancement, such as ecosystem development and team expansion. This balanced perspective offers investors a comprehensive view of both the opportunities and challenges inherent in this evolving cryptocurrency project. The key lies in monitoring ongoing developments and the team’s responsiveness to emerging trends and user feedback, ensuring THORChain continues to evolve and adapt in the dynamic crypto landscape.
What is THORChain?
Overview of THORChain (RUNE)
THORChain is a decentralized liquidity protocol, facilitating cryptocurrency exchanges across various networks like Bitcoin and Ethereum. It enables users to swap assets without forfeiting custody. The protocol operates on a permissionless basis, using an automated market maker system to set market prices. THORChain’s native utility token, RUNE, serves as the base currency within its ecosystem. It is vital for governance and security, with nodes required to stake at least 300k RUNE to participate in the consensus process.
Unique Features of THORChain
THORChain stands out by allowing native asset settlement across nine distinct blockchains, avoiding the need to wrap or peg assets. It addresses the issue of impermanent losses using a slip-based fee system, ensuring liquidity remains optimal. The protocol combines advanced technologies like one-way state pegs and the Bifröst Signer Module to facilitate seamless cross-chain swaps. Importantly, THORChain is not profit-oriented, directing all fees to participants like node operators and liquidity providers.
Anonymity and Decentralization
Intriguingly, THORChain lacks a centralized leadership structure, operating without a CEO, founder, or directors. Development is coordinated through Gitlab, with nodes deciding on the codebase. The team behind THORChain remains largely anonymous, a strategy aimed at ensuring decentralization and protecting the project.
Innovative Offerings
THORChain’s offerings include Streaming Swaps, which reduce swap fees by dividing large swaps into smaller transactions. It also provides single-sided liquidity provision through Savers and a unique lending protocol. This lending feature allows borrowing against native BTC or ETH with no liquidations, interest, or expiration, offering USD-denominated debt in the asset of choice.
Conclusion
THORChain’s innovative approach to decentralized cryptocurrency exchange, combined with its unique governance structure and advanced technological solutions, makes it a significant player in the blockchain space. Its focus on user autonomy and decentralization positions RUNE as a critical asset for enthusiasts and investors in the cryptocurrency ecosystem.
- Latest analysis update: December 22, 2023
THORChain - RUNE performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
