thorchain charging 50 bps on privacy coin swaps, 5x their standard fee. monero has $2.8b market cap with zero tier-1 exchange access since the 2023 delistings. hash rate at ATH (3.8 GH/s) while price sits 80% below 2021 peaks. committed mining base, no liquidity infrastructure. XMR integration targeting Q3 2026. if even 10% of holders want to rotate into BTC or stables without KYC, that's $280m in potential swap volume flowing through the only protocol technically capable of handling opaque transaction graphs. privacy swaps at 5% of total thorchain volume would generate 20%+ of protocol revenue from the fee premium alone. the market is modeling zero revenue from this
Brave just added a feature people have wanted for YEARS.
Containers.
And most users don’t realize how powerful this is.
Here’s why it changes how you browse 👇
The “THORChain Effect” is real. And it’s uncomfortable for many.
It exposes a truth most would rather ignore:
👉 True decentralization does not ask for permission
👉 Real liquidity does not discriminate
👉 Functional systems cannot selectively censor without breaking
⚙️ What is the THORChain Effect?
THORChain has consistently demonstrated something the industry talks about but rarely delivers:
Cross-chain swaps without intermediaries
No wrapped assets
No centralized control layer
This is not theory — it is live infrastructure.
📊 The Controversy (and the Numbers)
Critics continue to push the same narrative:
“It enables laundering.”
Let’s address this directly.
Illicit volume across crypto historically represents <1% of total flows (industry-wide estimates)
Meanwhile, billions in legitimate volume move through decentralized systems weekly
Traditional finance still processes trillions in illicit flows annually
The outrage is selective — and that’s where the contradiction becomes obvious.
🔥 The Real Issue
The problem isn’t crime.
The problem is control.
THORChain operates as a permissionless
Layer 1 system, meaning:
Nodes cannot arbitrarily censor transactions
Liquidity cannot be selectively frozen
The system must remain neutral to function
If you introduce selective blocking, you don’t “fix” the system — you destroy its core design.
🧠 The Double Standard
When centralized entities fail:
→ It’s “regulatory gaps”
When decentralized systems work as designed:
→ It’s suddenly “a problem”
This contradiction is the essence of the THORChain Effect.
⚡ What THORChain Actually Proves
Utility → Real cross-chain demand exists
Profitability → Sustainable fee generation
Resilience → Node-level security and response mechanisms
Decentralization → No single point of failure
Neutrality → The system treats all flows equally
🎯 Final Thought
The backlash isn’t about ethics — it’s about disruption.
Because once a system proves it can operate:
Without permission
Without censorship
Without centralized oversight
…it becomes very hard to compete with.
The THORChain Effect = When reality breaks the narrative. 🚀
I don't even swear on here, but all the dishonesty, cope, avoiding responsibility, and bullying THORChain and other DEXes for not censoring people's transactions made me go on a bit of a rant.
If you're going to do TrustMeBroFi, get rekt.
Sorry not sorry. Decentralize or GTFO.
@KentonC137@jpthor@ninerealms_cap@THORChain Nice thread & analogy, 100% agree.
Happy the “own UI” hype is gone. Like any B2C product, we need marketing.
If TC is B2B2C, we need GTM & mktg for both.
B2B could be UVP-led, but B2C must fight past rep. issues. That’s part of the journey – and where mktg helps.
Onwards!
@khalkaz@THORSwap Then, agree that the name doesn't make sense anymore.
Still, I don't think anyone can push a private entity to a rebranding, unless there's a trademark violation.
@khalkaz I see people is disappointed and I wanted to bring the end user perspective:
they don't care too much HOW it is implemented or from which protocol. They just want to be able to swap A to B.
So @THORSwap is focusing on users, and that's always good.
@proof_steve @THORChain My best guess: TC and Thorswap aren’t BFFs anymore. Something happened there, and something else with Thorwallet (which is more app-focused than web). The rest of the UIs aren't mature or follow other paths. Own UI = incremental revenue stream.
What scares me is the risk.
@Fakk2@THORChain@TrustWallet Thx for the info.
I'm not sure what this airdrop has to do with the Swapkit integration, but happy to see that there are synergies!
I'm just saying that I've TW installed and, since the integration, I received just one push notification promoting cross-chain swaps on their app.
@Fakk2@THORChain Yeah, there could be valid reasons why they or TW aren't promoting cross-chain swaps (CRM, push notifications, etc).
What I think is important on TC/Swapkit side, is to follow up with integrators to understand if there are still concerns on TC and if they still see it as a test.