THORChain Vaults Ahead of PancakeSwap in Daily Volume
THORChain, a decentralized trading protocol, has seen its daily trading volumes skyrocket to $334 million, eclipsing PancakeSwap’s $286 million
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THORChain, a decentralized trading protocol, has seen its daily trading volumes skyrocket to $334 million, eclipsing PancakeSwap's $286 million. Yet, THORChain's weekly figures still show it trailing, with its trading volume at almost half and its total locked-in asset value significantly lower, almost one-sixth of its competitor’s.
The silver lining comes with the project's token, RUNE, which has enjoyed a significant rally, climbing more than 220% in less than a month. This suggests that THORChain's user base remains solidly invested in the project's capabilities, especially considering its recent strides in securing inter-chain transactions and curbing scam attempts.
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