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THORChainrune
Rank #173? Altcoin?
$0.6279 50.82 ₽
+0.37% over 24h

Metrics

Market cap$207.0 mn
24h volume$5.6 mn
Circulating329.31 mn RUNE
Max supply353.89 mn RUNE
Fully diluted valuation ?$222.2 mn
24h high/low ?$0.6316 / $0.6181
All-time high ?$20.87 (−96.99%)18.05.2021
All-time low$0.00851327.09.2019
Circulating out of of max supply ? 93.1%
329.31 mn of 353.89 mn RUNE already issued. The closer to 100%, the less future issuance dilutes holders.

Protocol economics

What it earns

Fees are everything users pay. Revenue is what the protocol keeps after settling with liquidity providers.

Revenue for the year$3.1 mn
Fees for the year$19.8 mn
Revenue over 30 days$552.3 k
Growth over 90 days +318.5%
Revenue per dollar of assets 4.92%
How much annual revenue each dollar sitting in the protocol brings. The figure depends on what the protocol does: an exchange earns on turnover, a lending protocol on the rate spread, and their numbers are of different orders.

What the token holder gets

Protocol earnings and holder income are different things. The money may go to the project treasury, to token buybacks, to the developers, or not be distributed at all.

Payouts to holders for the year $570.1 k
To market cap 0.28%
Share of revenue that reached holders 18.3%
This is a fact about the past year, not a promise for the next one: distribution rules are set by project governance and can be changed.

How much issuance takes away

New tokens go to validators, the team and early investors. For a holder that is a counter-flow: their share of the project shrinks.

Issuance rate for the year —
In money terms for the year —
Issuance to revenue —
Not yet in circulation 1.07×
A ratio above one would mean that handing out tokens costs more than the protocol earns. The last line is how many times larger the full supply is than what is already circulating.

What it costs

The multiple links the token price to what the protocol earns. It makes sense to compare within a sector: exchanges and lending protocols have different norms.

P/S on circulating tokens 65.7×
P/S on full supply 70.6×
Median for the "Exchanges" sector40.0×
Half of the sector falls between 27.7× and 60.4×; projects in the calculation: 10. 70% of the sector is cheaper than this project.
The closest Russian equity market industry is Финансы. Ближайший аналог по смыслу — биржа, а не банк: обе зарабатывают на обороте. Protocol revenue and company revenue are measured by different rules, so the comparison shows the order of magnitude, not equality of metrics.

How sustainable this is

A one-off fee spike and a steady flow look the same in an annual total, so it is worth looking at both the spread and what keeps the assets there.

Monthly revenue spread 0.97
The ratio of deviation to the 12-month average. Below 0.3 - revenue is steady; above one - it rests on individual months.
Share of the largest chain 50.9%
Share of rewards in pool yields —
Protocol age—

How deep the price fell

How much the coin lost on the worst stretch of the year, how many days it took to win the drop back and what happened to it on days when bitcoin crashed. Calculated from daily prices over a year; its link to bitcoin over the quarter is below, in the \"Link to the market\" block.

Maximum drawdown for the year −63.9%
Recovery from it —
On days bitcoin falls 5% −7.74%
Assets in the protocol, $
$149.9 mn $98.5 mn $47.2 mn 23.09.2025 26.10.2026
The figure changes both with new money coming in and with the revaluation of what is already there: when the market falls it drops even if nobody withdrew anything.
Revenue by month, $
$977.9 k $496.1 k $14.4 k 01.09.2025 01.10.2026
A monthly total - the daily series is too ragged to read anything from. The last bar may be incomplete if the month is still running.
Protocol eventsmilestones tagged by the source, and hacks
15.05.2026 THORChain DEX — $10.7 mn
16.09.2021 Protocol resumed
22.07.2021 THORChain DEX — $8.0 mn
15.07.2021 THORChain DEX — $5.0 mn
29.06.2021 THORChain DEX — $350.0 k
Protocol data comes from an open aggregator, market cap and prices from this section's reference data. Metrics calculated 27.10.2026. How each metric is calculated.

Technical analysis

RSI14 days?
39.6
OversoldNeutralOverbought
Now neutral
Moving average trend?
No clear trend
to the 50-day average −2.9% to the 200-day average +26.7%
MA50 above MA200 the 50-day average is above the 200-day - a sign of a sustained uptrend
Volatility30 days?
66%annualised
high
For reference: stocks are usually 15–25% a year.

Link to the market (BTC)

Correlation with BTC?
0.64
Moderate link to the market
High correlation → weak diversification from bitcoin.
Beta to BTC?
1.23×
Amplifies BTC moves
Beta > 1 - sharper than the market (higher risk), < 1 - smoother.

Where it trades

The largest venues by trading volume as of the moment the coin was added.
ExchangePair
BitDelta RUNE/USDT Open →
THORChain BTC.BTC/THOR.RUNE
THORChain ETH.ETH/THOR.RUNE
THORChain TRON.USDT-TR7N/THOR.RUNE
THORChain ETH.USDT-0XDAC/THOR.RUNE
THORChain ETH.USDC-0XA0B/THOR.RUNE
Binance RUNE/USDT Open →
THORChain LTC.LTC/THOR.RUNE

Converter

RUNE =

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