• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

XRP trading volume soars as new ATH attracts deepfake scam targeting investors

2025-07-18

We Are So BACK!!!

2025-07-18

Bitcoin Holders…Genius Bill Passed! | Altcoin Season Continues

2025-07-17

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07
  • Videos

    We Are So BACK!!!

    2025-07-18

    Bitcoin Holders…Genius Bill Passed! | Altcoin Season Continues

    2025-07-17

    HYPE or HYPEr-Bubble? 🤯 Hyperliquid Analysis You NEED to See 📉📈

    2025-07-17

    BlackRock’s New Globalization Is A TRAP!! Watch Out For This!

    2025-07-17

    Bitcoin Momentum Builds | Big Gains for These Crypto Projects

    2025-07-17
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»DeFi»510k Users and $71 Billion Volume
DeFi

510k Users and $71 Billion Volume

2024-08-14No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
  • THORChain’s user base surged by 41% in 2024, reaching over 510,000 unique users.
  • THORChain’s total trading volume surpassed $71 billion, with a record-breaking $3 billion in weeks this year.

In a tweet, on-chain analyst Hess shared the latest developments on THORChain. The network, which currently has 510,000 unique users and has conducted 19.7 million transactions, has seen its total trading volume exceed an astonishing $70 billion.

This astonishing milestone demonstrates THORChain’s expanding significance and popularity in the decentralized finance (DeFi) industry.

With 510,000 unique users and 19.7 million transactions, @THORChain’s total trading volume has exceeded 70,000,000,000 USD!

Let’s Dive in👇 pic.twitter.com/mkYH1dNUds

— Hess (@0xhess) August 12, 2024

THORChain Sees Significant User and Volume Growth in 2024

Since the beginning of 2023, the weekly number of THORChain users has increased significantly, as has the level of activity. In January 2023, the platform had approximately 2,000 weekly users.

However, the number of users has increased significantly in recent months, reaching 15,000 in a single week. The weekly average currently stands at over 8,000 users, indicating a constant increase in user engagement.

The user base has grown significantly this year, with over 41% of THORChain’s total users joining in 2024. This surge equates to 206,000 new users since January 2024 alone, with an average of 6,200 individuals joining the network each day.

This rapid expansion shows the growing popularity of THORChain’s products in a highly competitive DeFi market.

Over the last three years, THORChain has generated $71.1 billion in trade volume, with 2024 accounting for the majority of this amount.

See also  How Coinbase’s Layer-2 Network Surged to $4 Billion in TVL

Trading volumes have reached as high as $3 billion in some weeks this year, a milestone not previously surpassed by the network. This rise in trading activity reflects the platform’s growing popularity among traders and investors alike.

RUNE, THORChain’s native token, has emerged as the most actively traded asset on the platform, with a total buy volume of $35 billion. Following it are Ethereum (ETH) and Bitcoin (BTC), which together have a $20 billion total volume.

This rating emphasizes RUNE’s essential role in the THORChain ecosystem and its appeal to a diverse set of market actors.

According to the most recent data, RUNE has seen a large price gain, rising 12.65% over the last 24 hours to $3.66, with a daily trading volume of $193.37 million. This spike has made it the day’s top gainer on CoinMarketCap.

510k Billion Users Volume
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP trading volume soars as new ATH attracts deepfake scam targeting investors

2025-07-18

Bybit and North Korean hackers headline $2.1 billion crypto hacks in H1

2025-06-27

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

FBI reports $9.3 billion in US targeted crypto scams as elderly hit hardest

2025-04-24
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

Bitcoin: 🤔 Who’s Buying and Selling? 💰Answer Will Surprise! 😲

2024-06-25

Bitcoin #CarryTrade #WhosSelling #WhosBuying #OnChain #MetcalfesValue JOIN THE FAMILY: …

Regulation

Coinbase’s Brian Armstrong criticizes US crypto regulation, SEC behavior in Twitter Space

2023-03-24

Ad Coinbase moved forward with a Twitter Space on crypto regulation previously planned for Friday…

Altcoins

Monaco, NFTs, And Formula 1: Reasons Polygon Is Bullish

2023-05-28

Platinium Group, the premier ticket provider for Grand Prix events, has joined forces with an…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

XRP trading volume soars as new ATH attracts deepfake scam targeting investors

2025-07-18

We Are So BACK!!!

2025-07-18

Bitcoin Holders…Genius Bill Passed! | Altcoin Season Continues

2025-07-17

HYPE or HYPEr-Bubble? 🤯 Hyperliquid Analysis You NEED to See 📉📈

2025-07-17
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 118,433.73
ethereum
Ethereum (ETH) $ 3,762.88
xrp
XRP (XRP) $ 3.48
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 763.13
solana
Solana (SOL) $ 186.72
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.271429
staked-ether
Lido Staked Ether (STETH) $ 3,751.46
cardano
Cardano (ADA) $ 0.86509
bitcoin
Bitcoin (BTC) $ 118,433.73
ethereum
Ethereum (ETH) $ 3,762.88
xrp
XRP (XRP) $ 3.48
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 763.13
solana
Solana (SOL) $ 186.72
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.271429
staked-ether
Lido Staked Ether (STETH) $ 3,751.46
cardano
Cardano (ADA) $ 0.86509