THORChain Secures Second Place in DEX Market Within Just 24 Hours

Last week, THORChain secured the third place among DEX exchanges with a trading volume of 1.32 billion dollars. In the last 24 hours, the exchange climbed to the second place with a volume of 334.3 million dollars, leading to an increase in the value of its RUNE token.

Last week, the decentralized exchange THORChain achieved a massive trading volume of 1.32 billion dollars, making a notable appearance among cryptocurrency exchanges. With this volume, THORChain ranks third, following Uniswap and PancakeSwap.

According to DeFiLlama data, THORChain’s trading volume follows behind its two major competitors in the market, with Uniswap at 10.85 billion dollars and PancakeSwap at 2.77 billion dollars.

Ranked Second in the Last 24 Hours!

In the past 24 hours, the exchange surged to the second position with a trading volume of 334.3 million dollars, surpassing PancakeSwap, which recorded approximately 280 million dollars in the same period.

The platform’s native token also experienced a significant increase in value recently. RUNE showed a rise of 51% in the last week and over 200% in the past month.

According to an analytics firm, the platform achieved a trading volume of 224 million dollars in a 24-hour period between November 11 and 12, which is nearly 2% of the total Bitcoin transaction volume during that time.

Source: Cointelegraph

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