Bear market or not, THORChain builders keep shipping. Merge Requests drop faster than the Fed prints bills. In V3.16.0, THORChain delivers 94 merged MRs! Many of these upgrades work quietly under the hood focusing on strengthening stability, resilience, and security across the network. But a few will surprise
Welcome to the February edition. This month, we track security, liquidity, volume, fees, user activity, and supply across THORChain. February delivered mixed signals. Volume tracked toward $882M through month end, down from January's $1.07B, following the broader consolidation in the market. But February also brought meaningful developments
THORSwap is one of the few protocols in this ecosystem that has seen it all. It launched when native cross-chain swaps were still new and experimental. It survived multiple market cycles, regulatory uncertainty, infrastructure upgrades, and even internal restructurings. More than four years later, it is still here. And unlike
Part I: Formation As we understand it, you started in crypto by working with Ethereum back in 2016. Is that right? Yeah, that’s correct. I’ve got a really vivid memory of sitting in this tiny flat, basically a little attic space where I could barely stand up straight.
Integrating a cross-chain protocol is rarely simple. For wallets, apps, and infrastructure providers, supporting native swaps across multiple chains means dealing with constant upgrades, edge cases, routing logic, transaction building, security assumptions, and ongoing maintenance. Each new chain or liquidity source adds another layer of complexity. Now imagine having to
Welcome to the January edition. This month, we track security, liquidity, volume, fees, user activity, and supply across THORChain. January was rough. Volume dropped to $920M from December's $1.44B as crypto bled attention to other assets. But two transactions changed the conversation: $21.7M and $31.2M
When I look at my timeline I notice that many of the discussions about crypto and the technologies we are building are unfortunately driven by price. Charts, cycles, hype, and the endless noise of who is winning and who is losing this week. That surface conversation is loud and it
Release v3.15.0 is an important upgrade focused on reliability, security, and user experience, comprising more than 41 merge requests. Among the most significant changes is the extension of memoless support from inbound flows to outbound transactions. The release also includes targeted fixes to swap execution logic, particularly in
Rujira has already demonstrated that it can build serious DeFi infrastructure. Spot trading is live, perpetuals are live, and trading strategies are already being deployed on top of its stack. But a DeFi ecosystem built only around trading is incomplete. Lending is what unlocks capital efficiency, leverage, and a broader
Welcome to the January edition. This month, we track security, liquidity, volume, fees, user activity, and supply across THORChain. The goal is simple: a clear and comprehensive view of the state of the network. ⬇️ Let’s dive in. ⬇️ Volume and Fees December showed contrasting patterns compared to November's
THORChain is now officially live on Dune, bringing the protocol’s entire cross-chain liquidity layer into a single, transparent analytics environment. From today, all THORChain activity is fully visualisable, queryable, and exportable through Dune. This includes swaps, liquidity pools, vault activity, node operations, bonding, and cross-chain flows across every supported
Something special happened in the THORChain ecosystem over the past year. Wallets hit billion dollar volume. Security went institutional. Native DeFi apps started processing real transactions. Cross chain infrastructure became seamless. This isn't just growth. This is an ecosystem thirving. Some projects shipped more than others. Some hit