THORChain overview
Decentralized (DEX). Established 2019. Trust rank 926. Reported 24h volume 206.54 BTC.
Coverage: 26 active pairs across 26 tradable assets. Liquidity profile: Moderate. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 97.6%. Key pairs include BTC/RUNE, ETH/RUNE, USDT/RUNE, USDC/RUNE. Leading pair BTC/RUNE.
Understanding activity and pricing
Volume mix: RUNE is the largest tracked quote currency at about 100.0% of measured flow. Data scope: 35 tickers observed. Trust rank provides a quick placement within a broad group of venues, and 24h BTC volume helps you gauge current activity. Coverage describes how many active pairs and tradable assets are available, which influences routing options and price discovery. Concentration indicates how much of the venue depends on its leaders versus a wider set of pairs. Median spread represents the typical bid ask gap on leading markets and often aligns with day to day execution cost. Top ten share is very high here, which can make liquidity feel deep on the leaders while thinner elsewhere. A good read is to pair these metrics with the top pairs panel and the volume chart to understand both structure and recent behavior.
Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy