As we look forward to @THORChain trading to be resumed, @THORSwap is honored to continue providing best-in-class crosschain swaps for Native Bitcoin and more across a number of leading providers.
Last week we processed over $20M in volume (some providers not counted on this chart). It's encouraging to see that users still choose @THORSwap for their no-KYC, non-custodial trading needs.
Shout out to @SwapKitPowered and our partners @Chainflip@near_intents@Harbor_DEX@1inch@flashnet and more.
Our thesis for the past number of years has been to always ensure our users have access to the best native asset onchain swapping rails, without reliance on bridged IOU assets or broker/custodial services.
A diverse range or providers allows us to provide the best balance of price vs time execution and ensure there's always redundancy in case of downtimes.
We're not in a race to the bottom, there's trillions of monthly spot trading volume still stuck on centralized exchanges.
It's time to bring everyone onchain, this is how DeFi wins 🫡 Let's get it.
I BELIEVE Dynosauur will return the stolen @THORChain funds and go down as one of the most legendary whitehats in crypto history. ⚔️
The Verus Bridge exploiter just returned 4,052 $ETH ($8.5M) from the $11.58M exploit and kept 25% (~1,350 ETH / $2.8M) as bounty.
That changed the entire narrative overnight.
And honestly, after exposing such a critical weakness in one of the hardest cryptography and cross-chain systems ever built, even a 20-30% bounty feels fair to me.
The point has already been made.
The best minds in cryptography are now reviewing GG20, vault infrastructure, DKLS upgrades and every possible security path forward. THORChain will evolve and become even stronger from this.
Now there is a chance to turn this into a legendary moment for decentralized infrastructure instead of just another exploit story. 🍷
Return the funds.
Take the bounty.
Become the REAL Thorchad that helped make permissionless finance stronger for all the anons around the world.
Spread this message chads 👇
@Raynalytics@KentonC137@Patriotsounds@FelisNorwegicus@therunetard@RunemirQi@Fakk2
New Zealand will be one of the first to celebrate #BitcoinPizzaDay🍕
@THORSwap is co-hosting the Auckland Pizza Party with @Pizza_DAO, be there to meet fellow lovers of great Dough, Sats & Self-custody🫡
📍 Elmo's, Ponsonby Rd
🗓️ Friday, May 22nd
RSVP: https://t.co/r9y53LBoG4
Founded in 2021, @THORSwap has evolved from flagship THORChain frontend, OG Bitcoin DEX to a $BTC first meta-aggregator.
While @THORChain & @Maya_Protocol undertake necessary security updates, most chains/trading pairs remain available via other providers: @Chainflip@NEAR_Intents, @Harbor_DEX, @flashnet, @gardenfi, @1inch and more.
We continue to integrate best-in-class non-custodial swap providers to ensure routing redundancy and best balance of price vs time execution.
As DeFi infrastructure continues to face increased attacks from bad actors, we continue toughen security across our platform to protect user funds and stand ready to support our partners 🫡
We believe self-custody and sovereignty is fundamental. Providing users with secure, stable and "#BetterThanCEX" onchain experience is critical to crypto's future. Ensuring trust in trustless systems lies at the core of why we build.
After 5 years of battle-testing and hardening, we have spent the past months building https://t.co/9P7tNF3fBH in stealth. Metro is our next-gen consumer DeFi app which will also act as the core of THORSwap V3 update, featuring:
✅Native built-in wallet.
✅Simplified UI+UX.
✅More providers and protocols supported.
✅User-first design.
✅Unified DeFi and portfolio management features.
Decentralized swaps don't stop.
DeFi will survive.
We're here to ensure it thrives.
Try the Metro Beta 👉 https://t.co/9P7tNF3fBH
Best kept secret in Crypto = @THORSwap $THOR
You're looking at $11.12M in fees shared with stakers with no emissions, just real yield. That's over ~$310K over past 30 days.
What's honestly holding it back at this point is liquidity access. Working actively on addressing this.
$Dash is heating up! 🔥
Our OG friends @Dashpay just smashed through top 100 marketcap with a 24% pump in 24 hours🚀
Trade $DASH on https://t.co/IhH9SnZixr or https://t.co/r3xFkfnqNh, no-KYC from/to your own wallets with major stablecoins, $BTC, $ETH, $SOL, $ZEC and much more!
I have heard and read a few times recently about Thorchain efforts to bypass SwapKit's 25bps markup.
I'm not sure where that figure comes from, SwapKit never charged 25bps. Our previous fee structure capped at 20bps, now it's even lower.
Most fees are public and easily visible on any explorer. We publicly advertise our stablecoin <> stablecoin fees being only 1 basis point. Thorswap is SwapKit's top Thorchain integration and the SK fee is only 5bps. Weekly rolling numbers show 6.25bps across all integrations.
If you still want to start a new business and compete on 6bps, bring it on 💪
https://t.co/IS23ZmSDxk
Synthetix is officially open to the public ⚔️
Welcome to the next phase:
🔹 More markets
🔹 Deeper liquidity
🔹 Trader incentives
🔹 More order types
🔹 Multi collateral margin
🔹 Social trading competitions
🔹 All on Ethereum Mainnet
10h ago @litecoin experienced a coordinated attack on the chain that resulted in 13 blocks reorg that took more than 3h to generate.
During this time attackers were performing double spend attacks on multiple cross-chain swapping protocols.
We are investigating the situation.
THORSwap officially turns 5! 🎂
To celebrate, we're pleased to unveil the next chapter of our evolution:
https://t.co/9P7tNF3fBH: a next-gen one-stop DeFi app built for OGs and the Masses.
Native unified wallet + Simplified UI/UX + User-first features 🔥
Try the Open Beta🚇:
The reason why Bitcoin is so valuable is that you have multiple diverse communities that have different expectations for the network’s future.
You have the OG cypherpunks who like permissionless payments.
You have the Austrian economists who only care about scarcity.
You have the finance bros who use BTC as collateral for borrowing US dollars.
You have the DeFi tokens people who build metaprotocols on top of it to trade other assets.
You have the religious people who act like SPV doesn’t exist and they must run 3 home nodes next to their mining rigs, then they connect all mobile wallets to this setup.
You have the nerds who want Bitcoin to scale to 8 billion people and become truly fungible.
You have the privacy advocates who run CoinJoin servers, tumblers & mixers.
You have the BitVM hackers who build bridges to other chains and networks.
You have the Nostr dorks who live in a bubble of their own where custodial lightning is just fine.
You have the FX traders who bring liquidity into the system and keep it alive with price volatility.
You have the prostitutes, drug dealers, street hustlers, Russian oligarchs, Iranian Hormuz strait extortionists, Chinese spies, North Korean hackers who don’t care about any of this nonsense and just want to get paid without bank censorship.
If there was a unitary plan or vision for the Bitcoin project, it would be much less valuable.
If every branch decided to fork off to create their own individual chain, the ecosystem would be much less valuable.
But if everyone develops unrealistic expectations or else becomes too complacent, perpetual schisms will happen and valuable contributors will flee to other chains (a significant exodus already happened in Ethereum, Monero & Zcash).
This symbiosis is very fragile and one ragequit away from being disrupted. Which is why spooks try so hard to divide the community with ridiculous purity tests and a toxic culture that keeps newcomers away.