While the transaction volume on the THORChain network has increased rapidly in the last week, the platform’s native token RUNE has experienced significant increases.
Decentralized exchange (DEX) THORChain has been in the focus of investors’ attention recently. The trading volume of the platform increased in a short time and RUNE also increased its price. THORChain in the last week It has become the third largest DEX in terms of transaction volume. THORChain also in the last 24 hours $334.3 million with second witnessed the largest transaction volume.
On-chain analysis platform DefiLlama According to data provided by THORChain’s transaction volume last week $1.32 billion saw. Data from Uniswap (UNI) in the same period 10.3 billion dollar and Pancakeswap (CAKE) 2.77 It revealed that it had a billion-dollar transaction volume.
In parallel with this increase in transaction volume, RUNE price increased two weeks old in process 120% showed an increase.
About subject in the statement Found THORChain core developer Chad Barrafordadmitted that the increase in transaction volumes occurred approximately 2 months earlier than he expected:
Okay, this happened a lot faster than I thought. What I expected to happen after 2 months happened in 2 days.
According to CoinGecko data, in the last week 60% rising RUNE $3.35 from level for $5.34 reached. RUNE is sold at $5.26 at the time of writing.