THORChain (RUNE) is a cryptocurrency launched in 2018. THORChain has a current supply of 425,650,463 with 351,549,938 in circulation. The last known price of THORChain is 1.22238131 USD and is up 1.30 over the last 24 hours. It is currently trading on 238 active market(s) with $81,785,707.28 traded over the last 24 hours. More information can be found at https://thorchain.org/.
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Former Australian Air Force pilot John-Paul Thorbjornsen, also known as JP Thor, has been promoting his new crypto wallet, Vultisig, which runs on THORChain a decentralized network he founded to enable cross-chain swaps without intermediaries. Marketed as more secure than other wallets, Vultisig has recently seen a spike in usage alongside THORChain.
THORChain encountered some difficulties in 2025, including announcing insolvency in January. The company made an announcement on X, revealing that it had temporarily paused its network due to significant debt and leverage problems affecting its ecosystem.
THORChain has been called a money laundering protocol — a label no decentralized finance (DeFi) project wants unless it's prepared to have regulators breathing down its neck.Its supporters have fended off the criticism by championing decentralization, while its critics point to recent activities that showed some of the protocol's centralized tendencies. After exploiting Bybit for $1.4 billion, the North Korean state-backed hackers behind the attack, known as the Lazarus Group, flocked to THORChain, making it their top choice to convert stolen funds from Ether (ETH) to Bitcoin (BTC).