A closer look at THORChain’s new synthetic assets -Breaking
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© Reuters. According to data from, THORChain RUNE has gained nearly 41% over the last seven days. Cointelegraph Markets ProIts recent price action has even led the whole crypto market in In the first quarter, 2021. The main factor that drove the recent price rise was its mainnet launch. This had been originally scheduled for last year. The integration of synthetic assets into its network was another factor that gave it additional momentum. What was the significance of this huge event and how will it impact THORChain’s future?
THORChain has been compared to Uniswap because it allows traders to trade different tokens. The main difference is that THORChain allows layer-1 coin traders to swap tokens in a distributed manner. Uniswap can only trade tokens with the ERC-20 standard. You can swap your (BTC) for Ether (ETHYou can use THORChain to access THORChain, but not via a central exchange. ClaimSince inception, we have processed over 1.64 million transactions.
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