🚨 I'M GOING TO DEFEND @THORChain.
After watching the Bitget discourse, reading the forensic reports, and looking at what actually happened on-chain, the selective outrage is getting ridiculous.
You want to talk about “neutral infrastructure?”
Fine. Let's play fair. 🧵
The hypocrisy is incredible. @laurashin and @tayvano_ attack THORChain over hacked funds, while Unchained is sponsored by 1inch—which also processed stolen Bitget funds and collected fees. Apparently, laundering concerns only matter when the protocol isn’t paying your bills.
Big respect to @CBarraford in this 2vs1 still debate …
Now ask BTC or ETH miners to stop everything every time an entry point interface neglected security and funds got hacked …🤷♂️
Even in fiat world , Interac payments get used for good and bad reasons so would you freeze all Interac payments every time a suspicious payment is made ?
THORChain's user count is surging.
According to its official September report, @THORChain's active user count has seen its third straight month of growth, rising to some 25,000.
Its active validator set also grew to an impressive 103 distinct nodes, with some 97.66 million $RUNE bonded (worth more than $70 million).
With the recent launch of its official @zcash $ZEC pool, October could be even bigger...
Official Platform: https://t.co/DunoPkmd2r
.@THORChain nodes can halt the network, but they can't selectively block a single swap.
Following recent calls for censorship, this week's THORSday breaks down how the protocol works, who controls it and why the distinction matters.
Full recap 👇
https://t.co/lycOGfdlmd
The @THORChain Treasury just added $50k of liquidity to the zcash:native pool, which should be enough for small retail swaps to have decent execution
Will be excited to see how much adoption this gains
$RUNE 🤝 zcash:native
The $ZEC pool is now live on THORChain.
The network churned and every node is watching the Zcash chain. @Zcash now has a truly permissionless venue.
Trading is the next step. Liquidity is shallow for now and will grow over time, so trade with caution in the early days.
If we imagine, then in about a couple of months we can start to see growth, based on previous experience before the $10 trip, but the price seems to be asking for $0.35, no matter how bullish I am about @THORChain . I hope I'm wrong and we'll still see $10 per $Rune
This is NFA!
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https://t.co/SV6n99ei5f
https://t.co/WSCuatQk5Y
https://t.co/9oO0PEAYDg
@THORChain
$RUNE
World record speedrun. ⚡️
Same wallet: 323.26 $BTC → 9,190 $ETH ($30.2M) through @TrustWallet powered by @SwapKitPowered.
Pending now.
Set the record at $21.7M two days ago. Just broke it at $30.2M.
When infrastructure works, whales keep coming back. 🐳
Trust Wallet earning massive fees from these trades (again). That's the power of integrating THORChain via API/SDK.
Any wallet can integrate it @backpack@phantom@BinanceWallet@coinbase@krakenfx@Rabby_io 👀
This just became the biggest onchain DeFi swap ever recorded.
232.2 $BTC → 6.7K $ETH ($21.7M) through @TrustWallet powered by @SwapKitPowered.
Trust Wallet earned serious fees (≈150k) from this single trade. That's the power of integrating THORChain via API/SDK.
Any wallet can tap into this @BinanceWallet@coinbase
And with native $SOL coming soon... @backpack@phantom@JupiterExchange@MagicEden👀
Some front ends are getting nervous. @THORChain’s in-house front end is becoming competition. Over the last 7 days, the swap aggregator https://t.co/KeVGa1QGfp was number one in terms of volume and all of that without fees. That’s a bold statement and finally good marketing. 🕒🌊
GM
Nice to be back after a calm and relaxing weekend 😅
Dunno about you but @THORChain trading at $430M market cap while doing $310M+ in daily volumes and $540k+ in daily system income is pretty mental 🤯
$RUNE
Sad to admit it, but $TWT will be worth 0, because @ax1vc is shorting bitcoin using fud around @THORChain , I urge torchadians to support @ax1vc and spread the word that to save $TWT you need to buy $Rune, as well as twt to pour into rune, the game is not on a joke!!!!
Yesterday many thought @THORChain would die, but it remains one of the most profitable chains in the industry, and today we see daily swap volume at the same level as the market cap of the entire protocol 🤯
📊 $468M market cap
📈 $440M in daily swap volume (exp)
Uncanny.
The death spiral everyone was talking about yesterday has been put to bed with Proposal 6.
This proposal rolls defaulted debt into $TCY equity, which was passed with super majority, and it might just be one of the biggest moves in crypto just yet.
The proposal can be summarised with
✅ $TCY holders will earn 10% of THORChain’s revenue in perpetuity 🤯
✅ Creditors get instant equity, instead of repaying debt over years.
✅ No need for trust-based private fundraising
As for the numbers, these are the key takeaways:
☑️ 200M $TCY minted = 1 TCY per $1 of defaulted debt
☑️ $TCY earns 10% of protocol fees forever, paid in $RUNE
☑️ A $500K $RUNE/$TCY pool starts at $0.10 per $TCY
While it is hard to say anything positive about the current situation, nothing is so bad that it isn't good for something. In this case:
⚡️ $RUNE burn is through the roof!
⚡️ $RUNE price might be life-changing money a few years from now
⚡️ $TCY might be the best passive income source of all time!
$RUNE $TCY